BitiCodes Review – Scam or Legit?

The BitiCodes trading bot’s tagline is ‘the crypto industry’s most accurate auto-trading software’ – is that accurate and verified though?

In this BitiCodes review we analyze the claims made by the BitiCodes website and whether it’s a scam or a legitimate, trustworthy ‘robo advisor’, aka automated trading platform.

BitiCodes Summary

The BitiCodes website provides a brief introduction to its trading platform:

What is BitiCodes?

BitiCodes is an independent cryptocurrency trading platform, which states it can trade for the user after some simple calibration – however little third party auditing has been made available or backtesting for those yet to make a deposit, and no trial version appears to be available.

Via BitiCodes website

This Bitcoin robot unlike some on the market can also trade Ethereum, Bitcoin Cash, Litecoin and more popular big cap altcoins using its proprietary algorithms. We were unable to verify those claims as an initial deposit is required before being to access the BitiCodes platform or demo trade using it.

From the messages on the BitiCodes website there appears to be a limited number of spots available or time window to sign up, however that countdown timer could simply be a marketing gimmick.

Who Owns BitiCodes?

The BitiCodes founders are anonymous although it is reported to have been developed by a group of professional former traders.

Some rogue scam adverts and articles have claimed that high-profile celebrities such as Elon Musk are behind the platform, but there is no evidence to support those claims.

BitiCodes Pros & Cons

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does BitiCodes Work?

According to the BitiCodes site, its automated trading platform is able to make advanced trading decisions to produce a sustainable profit similar to a professional day trading.

No video tutorial or close-up screenshots seem to be available, however a message on the BitiCodes website reads:

‘BitiCodes is an automated trading software designed to ensure the best trading experience and apply the most sophisticated trading strategies.

Orders are triggered by highly precise algorithmic trading bots to strengthen your chances of making a profitable investment or trade.

BitiCodes is a powerful, innovative, and complete auto-trading software designed to catch opportunities in the market. It works by automatically placing trades in your account so that you don’t have to.’

On What Devices Can I Use BitiCodes Trader?

BitiCodes is available on any device with an internet connection and browser, so a mobile phone, tablet, laptop or desktop PC.

There is no dedicated BitiCodes app, however.

Which Exchanges and Brokers is BitiCodes Partnered With?

BitiCodes does not disclose exactly which brokers it has partnered with, but they are regulated and licensed by CySEC (Cyprus).

Can I use BitiCodes in My Country?

BitiCodes is available in a wide range of countries, including the UK, Australia and Canada – but it is not allowed in the USA.

How Much Profit can be Made from BitiCodes?

BitiCodes has a claimed success rate of 96%, although we could not verify those claims.

Crypto trading can be lucrative but is fraught with inherent risks and losses on trades are inevitable.

Beginners should only risk capital they can afford to lose and monitor the performance of the bot daily – furthermore, leveraged trading of up to 5000:1 is also available but carries even more risk.

Investors should also note that tax on profits will be charged in many countries.

BitiCodes Key Features

Our BitiCodes review team wasn’t able to verify the claims above or the following which are common across social media where BitiCodes is trending:

Fast Trading

The BitiCodes platform states it works via scalping rather than higher time frame swing trading – taking advantage of price fluctuations on the LTF chart to generate profits and automatically set a stop loss and take profit order instantly when it does execute a trade.

Claimed High Success Rate

BitiCodes purports to be the most profitable form of crypto trading bot on the market – with a success rate of 96% – although that may also be marketing language as little evidence to substantiate that is included on the basic homepage.

We could not verify those claims.

Demo Trading

BitiCodes offers a paper trading account to simulate real money trades. We’d recommend testing out the BitiCodes bot software using that before investing a large amount.

See our full guide to paper trading to learn more.

Instant Deposits & Withdrawals

Deposits and withdrawals can be made in crypto as well as fiat currency methods on the Biticodes AI platform. For crypto deposits and cashouts, the processing times are minimal, from instant to just a few minutes depending on network congestion.

See our review of the best crypto platform to buy cryptocurrency to start trading with. That exchange also offers auto trading via copy trading.

BitiCodes Fees

Is BitiCodes a Scam?

Start with a minimum deposit and also see our reviews of other automated trading platforms if deciding to trade with BitiCodes as most bot programs are unregulated and some are outright scams.

Positive BitiCodes testimonials are listed on the website with more available after creating an account, however those may be paid / fake for advertising purposes.

We’ve also reviewed some verified trading bot tools that beat the crypto bear market with positive returns during ‘crypto winter’.

However, we were unable to verify all the claims made on the Biti AI Codes platform, including its 96% claimed win rate.

We researched social media sites such as Reddit and Twitter and found reviews were either overly positive or overly negative – the same can be said on peer review website TrustPilot, where only 5-star or 1-star reviews exist, which would appear suspect.

Furthermore, Facebook ads that carry Elon Musk (or other celebrity) endorsement are confirmed rogue and should not be trusted.

Make sure you do your own research and are well-informed before putting any money into it.

BitiCodes Minimum Deposit

BitiCodes requires a minimum deposit of $250 to open a new trading account. You can make the minimum deposit using both crypto and fiat.

BitiCodes Celebrity Endorsements

As previously mentioned BitiCodes has been linked with Elon Musk and other celebrities in scam adverts on Facebook and other social media sites – these should not be trusted

Our research showed there is no connection between any ultra-net-worth individual and BitiCodes.

Does Elon Musk Endorse BitiCodes?

No. Despite the claims of rogue Facebook adverts, Elon Musk does not have any connection to BitiCodes.

Is BitiCodes Part of Tesla?

No. There is no connection between EV manufacturer Tesla and BitiCodes.

Does Jeff Bezos or Amazon Endorse BitiCodes?

We found zero connection between Jeff Bezos or his company Amazon and BitiCodes.

Does Martin Lewis Endorse BitiCodes?

Financial expert and British TV presenter Martin Lewis has not endorsed BitiCodes.

BitiCodes Customer Support

BitiCodes offers 24/7 email and phone support for registered users, according to its website. Since we didn’t deposit we were unable to verify those claims and others.

You can check out the Biti AI Codes Trustpilot page to see what other users who’ve traded with the platform have to say.

How to Withdraw Money from BitiCodes?

BitiCodes does not store any trading funds on its website and they are instead held by the partnered broker.

To withdraw:

• Visit the broker’s website and log into your trading account
• Go to the wallet and select your preferred payment method
• Enter the amount to withdraw and follow the steps on-screen
• Once confirmed, the transaction should take up to 24 hours to process

Note that BitiCodes brokers only pay out in fiat currency and not crypto tokens.

How to Delete BitiCodes Account?

Deleting a BitiCodes account should not take long, simply log into the website and follow the instructions under the settings menu.

It can also be done via the broker’s platform.

Latest Bitcoin News

Investors and traders need to keep abreast of the latest Bitcoin and crypto news to stay a step ahead of the market – here are some of the biggest headlines from the crypto world in the week ending January 29, 2023:

• Big Tech firms, airlines, major Web3 companies and government entities in the US and elsewhere have been named among creditors owed by bankrupt crypto exchange FTX.
• Bitcoin has been named by Goldman Sachs as the best-performing financial asset of 2022, ahead of the likes of the S&P 500 Index, Nasdaq 100, US Trasury Bonds and gold.
• The Dutch central bank – De Nederlandsche Bank (DNB) – has fined Coinbase around $3.6 million for failing to comply with local regulations.

The Verdict

BitiCodes is trending online in 2023 and its claims of a higher win rate – 96% – than any human traders are tempting. However, no exact details of past performance records are given and we could not verify those claims so proceed carefully.

For some alternatives to BitiCodes see our reviews of algorithmic trading platforms – those have a more long-term positive reputation in the industry especially our #1 pick which is a licensed exchange that offers automated copytrading of professionals with a proven track record of beating the market with a high win rate.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

FAQs