Crypto, blockchain, bitcoin. All nice buzzwords. They ring to a tune that whispers of exotic gains, secret knowledge, huge return on investment, Lamborghinis, and the way to the holy grail of today – passive income.
The funny thing is that crypto markets are indeed that crazy. You technically could be the next crypto millionaire. There are projects in the decentralized finances sphere, in altcoins, and elsewhere in crypto trading, which can make you millions.
This sadly is not the way. Bitcoin Code is just a scam refreshed for the year 2022. They’ve updated the web design, but the copy is more or less the same. This is tailored for people who don’t follow crypto markets, who don’t know much beyond the promise that bitcoin is something new and rich.
Full review of how to use Bitcoin Code
Bitcoin Code presents itself as the official bitcoin code app website. That’s insinuation about the connection between bitcoin and this scam. Notice that on the registration form you give explicit consent that your contact info can (and believe me, it will be) passed to third parties.
Bitcoin Code basically works like a typical boiler-room scam. You will be contacted by aggressive “brokers” pushing you to give them your banking info, or at least deposit $250 with them. This is how you know it’s a scam, they always ask for this sum, beats me why.
Security: 0
Ease of use: 0
UI/UX: 0
Minimum deposit and payment options: 0
Demo account: 0
Support and tutorials: 0
Profit: 0
Overall rating: 0
Bitcoin Code – What is this trading bot
Bitcoin Code is not advertised as a trading bot but as a trading platform. It’s not explained how it works exactly because it doesn’t really work. It’s just a scam. The trading app, as it is called, doesn’t really mean much. Most legitimate places to trade crypto are called cryptocurrency exchanges.
With elaborate explanations of how they wanted to bring a chance for crypto riches to everyone, this website hopes to lure you in to give them your data.
Bitcoin Code Application / Web Platform Review
After that remark about the official platform, the website hypes the bitcoin. They claim that bitcoin is popular because it’s not regulated by banks in the world, making it 100% yours. This is not entirely false, but not accurate either, as bitcoin is already regulated in most parts of the world.
Next comes the warning that bitcoin trading requires a lot of investigation and constant monitoring of the market data. This is somewhat true but irrelevant. What is another truth, is that trading with volatile assets such are cryptocurrencies involves a lot of decision-making in the middle of strong emotions, as the prices soar and dip. That’s why trading bots are invented, but this isn’t one of them. This is a scam.
Security, licensing, and payments of Bitcoin Code
No security, licensing, or payments whatsoever. You will be sent to a partner scammer site and reached by people who introduce themselves as brokers but have one and only one goal, to pluck that deposit from your account. Your data is not secure, after all, you agree to let them share it with third parties. If you allow the Bitcoin Code to get your phone number, they will just push you, until you do the deposit, and it’s not a paltry sum, it is $250.
Steps seem simple, register, deposit, start investing, but the fact is, this isn’t a real crypto exchange. Just bait to lure you to deposit your money.
Bitcoin Code – What do traders say?
A review on Trustpilot shows that there are no comments whatsoever. It is because this particular edition of scam, under the name Bitcoin Code has just opened for business, probably just freshly set up, so they didn’t bother with fabricating false reviews yet.
Is Bitcoin Code legit? – Final verdict by traders
Scam. Clearly. It’s obvious. The final verdict is a fraudulent website that just goes for your deposit. Don’t invest here. You have better chances planting money under the moonlight hoping that money-bearing tree will grow. Forget it.
Tips on checking whether a bot is legit or a scam
Namedropping
Always check if the website mentions celebrities. The most popular bait is Elon Musk, but there are others too, from Mark Lewis to LeBron, to Kanye West, to as we saw here – Gordon Ramsey.
Copy and Web design
Web design and layout for this kind of site are always the same. Not sure why. Even if they change the actual design (like Anon bot), the layout and the flow are the same. Some truths mixed with the lure of a quick return of investment.
No support, no contact
The red flag which reinforces the others is when there are no social media links, when you can’t contact the support or when there are no contacts other than a regular website e-mail form.
I think my life changed the day I learned about this amazing guy whom I share the name with – Aaron Savage. He was among the first people ever to advocate for freedom of information and the internet, and I feel he would support a great deal of decentralized finance idea if he was alive today. So, I am just another IT guy, super curious about crypto and writing my opinions and analyses here from time to time. Enjoy!
