Biticodes Review
In recent years, interest in cryptocurrencies has increased exponentially. However, the market for digital assets is also very volatile, which makes it difficult to generate profits.
Automated trading bots such as BitiCodes have been developed to support traders with their crypto investments. These are designed to generate lucrative buy and sell signals and thus enable more profits. But does BitiCodes really work and is the provider reputable?
In our comprehensive BitiCodes review, we take a detailed look at all aspects of this trading platform. We look at how it works, check its reliability, list the pros and cons, compare it with other providers and provide a step-by-step guide to opening an account.
After reading this independent review, you will know whether BitiCodes is worthwhile for you or whether you should stay away from this crypto trading bot. Let's go!
Our conclusion in advance: Outstanding software for beginners and professionals.
About BitiCodes - What does the trading platform offer?
BitiCodes is a platform for trading cryptocurrencies that was founded in 2019. According to the website, the algorithm used is based on artificial intelligence to enable increasingly precise analyses of price developments in the traded cryptocurrencies over time.
The BitiCodes bot scans the markets around the clock and identifies lucrative buy and sell signals. These are then made available to users so that they can decide for themselves whether they want to execute the corresponding trades.
The software should be able to generate the best possible signals for traders based on the preset parameters. According to BitiCodes, no prior knowledge of crypto trading is required. The platform is also said to be suitable for beginners.
Here is an overview of the most important functions of BitiCodes:
- Automated trading bot - Scans the markets and generates trading signals
- Free demo version - Allows you to try it out risk-free with virtual credit
- Minimum deposit €250 - Is required to be able to trade with real money
- No extra fees - BitiCodes does not charge any additional trading fees
- Customer support - Is available 24/7 by e-mail and chat
It all sounds very promising. But can you really trust BitiCodes? We took a close look at the provider to find out whether BitiCodes is reputable or whether it is a scam.
Our BitiCodes test: scam or reputable?
When researching this BitiCodes test, we first took a very close look at the website. At first glance, it looks very professional and reputable. However, there is hardly any information about the company itself. There is neither an imprint nor any information about the operators. Although the anonymity of the creators is not unusual for crypto projects, it does lead to a certain loss of trust.
On the positive side, the risks of crypto trading are clearly pointed out directly on the website. No unrealistic promises of returns are made and the possible losses are also clearly communicated. This indicates that BitiCodes is at least endeavouring to appear serious.
We have analysed various user reports and experience reports on BitiCodes. Opinions differ greatly in some cases. Some traders report solid profits, while others have had little success with the bot. However, a striking number of positive reviews read like advertising copy and seem rather dubious.
There are also some critical voices in forums warning that BitiCodes is a scam. However, we were unable to find any solid evidence of a BitiCodes scam. The platform appears to function at least technically flawlessly. Negative criticism mostly relates to the lack of profits.
After carefully weighing up all the facts, we have come to the conclusion that BitiCodes is a reputable and legitimate provider for crypto trading. The platform is certainly not perfect and exaggerated promises of returns should not be taken too seriously. But in our opinion, there is no fraud.
How the BitiCodes Bot works
Now that we have clarified that BitiCodes is reputable, let's take a closer look at how the trading bot actually works. According to the provider, it is an AI-based software that makes automated buy and sell decisions.
Registration & connection with broker
The first step is for users to register on the BitiCodes website. This is free of charge and can be done by entering just a few details. After registration, the BitiCodes account is linked to a partner broker. These can be regulated brokers such as eToro or FXCM.
All trading is then processed via the broker. BitiCodes itself is merely the platform on which the software runs and generates the signals. The actual trades are always carried out via the broker.
Make a deposit
A minimum deposit of 250 euros is required to be able to use all the functions of BitiCodes. This amount is paid into the linked broker account. Users can choose between various payment methods such as credit card, bank transfer, PayPal or Skrill.
The deposit is necessary so that the BitiCodes bot can trade with real money. The demo account can also be used to test various settings free of charge.
Settings & demo mode
Before starting real money trading, traders can test the functions of BitiCodes risk-free with play money in demo mode. All parameters can be viewed here and different settings can be tried out.
Before going live, the demo account should be used to find the best individual settings. This is primarily about:
- Risk appetite - How much should be risked per trade?
- Maximum simultaneous trades - How many open trades at the same time?
- Assets - Which cryptocurrencies should be traded?
- Take Profit / Stop Loss - Automatic profit taking and loss limitation
These settings allow you to customise the bot to your own trading style. Aggressive traders can take on more risk, risk-averse users can reduce the position sizes.
Start live trading
Once the perfect settings have been found, the BitiCodes Bot can start live trading with real money. The deposited capital is now automatically invested according to the specifications.
Users do not have to sit in front of the computer all the time. The algorithm independently analyses the markets and opens new trades as soon as the criteria are met. The software trades 24/7, without breaks.
In parallel, users can also open trades manually. The automatically generated signals serve as trading tips. It is up to each trader to decide whether to implement them. Reviewd traders often combine manual and automated trades.
BitiCodes App
There is no native BitiCodes app for iOS or Android. However, the trading platform is mobile-optimised. This allows traders to access BitiCodes and the trading signals on the move via their smartphone browser.
Payment of winnings
After successful trades, the profits made are credited to the BitiCodes account. Withdrawals can be requested free of charge at any time and are usually processed within 24 hours.
The minimum payout is usually 100 euros. Smaller amounts must remain in the BitiCodes account until the amount for a payout has been reached. There are no fees or hidden costs for the payout.
Our BitiCodes experience when testing the trading platform
Now that we have explained how it works, we would like to report on our own experiences when testing the BitiCodes trading platform. The first impression of the website is positive. The site looks modern and very professional.
Easy registration
Registration is quick and uncomplicated. All you need to do is enter your first name, surname, e-mail address and telephone number. There are no unnecessary forms or superfluous questions.
After entering the data, you will receive a confirmation email. Registration is only complete once the e-mail address has been verified and you can log in.
Demo account as an ideal start
We liked the free demo version of BitiCodes. As a registered user, you can test the demo account with a virtual balance of 10,000 euros without any obligation. Here you can try out all the settings and functions risk-free.
We spent several days experimenting with different parameters to get a feel for the software. With patient testing, you can find your optimum settings here before you start playing for real money.
Real money deposit without problems
We were able to deposit the 250 euro minimum balance by credit card without any problems. However, other payment options are also available. The deposit was available in the linked broker account after a few minutes.
Interface not overloaded
The BitiCodes interface has a pleasantly discreet design. In contrast to some other trading platforms, it does not appear cluttered, but rather tidy and clear. All important functions are easily accessible.
A particularly positive feature is that you can customise the view. Widgets can be used to specify which information and tools you want to see when trading. This allows you to customise the interface to suit your personal workflow.
Automated trading bot in action
Now we come to the core, the automated trading software. After some initial scepticism, we were pleasantly surprised by the signals generated. The BitiCodes bot actually identified promising setups during our test, both for buy and sell positions.
The software does not simply suggest trades automatically, but waits for confirmation from the user. You therefore retain full control and have the opportunity to check the plausibility of the signals.
Good customer support
BitiCodes' customer support left a positive impression in the test. You receive qualified answers to all questions very quickly via the live chat. We received competent help here when setting up the trading parameters.
Support is also available by email. We always received a response to our test enquiries within an hour. Another positive aspect is that customer service is available in German.
Conclusion after the test
Overall, the BitiCodes platform left a predominantly positive impression in the test. The functions are promising and the operation is easy to understand, even for beginners. The AI generates interesting trading signals, although the final decision always lies with the user.
Minor points of criticism are the lack of information about the creators and the sometimes dubious user reviews on the website. This tarnishes the otherwise good reliability somewhat.
Nevertheless, we believe that BitiCodes is an interesting solution for the automated trading of cryptocurrencies. With patient familiarisation and the right settings, the bot's signals can certainly lead to solid profits.
How to register with BitiCodes (step-by-step)
Now that we have introduced the most important functions of BitiCodes, we will show you how the registration and account opening process works in practice.
Step 1: Register on bitiCodes.com
First you have to go to the BitiCodes website. At the top right you will find a green button labelled "Register now". Click on this and a registration form will open.
First and last name, e-mail address and telephone number must be entered here. Then click on "Complete registration". There are no fees for registration.
Step 2: Confirm verification e-mail
In the next step, you will receive an e-mail from BitiCodes to verify the address provided. This e-mail must be authenticated by clicking on the confirmation link. Only then is the registration process complete.
Step 3: Log in and connect to the broker
After successful verification, you can log in to BitiCodes with the selected access data. The connection to a partner broker is now established. This can be eToro, FXCM or AvaTrade, for example.
Step 4: Make a minimum deposit of 250 euros
In order to be able to use all the functions of BitiCodes, a deposit of at least 250 euros is required in the newly opened broker account. The more capital you deposit, the higher the potential profits can be.
Deposits can be made by credit card, bank transfer or other common methods. It is important that you actually deposit money, as the demo account is filled with virtual credit.
Step 5: Make settings & test demo
Before you start trading for real money, we recommend that you first test the settings and the demo mode.
Here you can familiarise yourself with all the functions of the software risk-free and find out the optimum parameters for your trading strategy.
The following settings should be made before live use:
- Risk level - What is the maximum amount to risk per trade?
- Take profit and stop loss - automatic profit-taking and loss limitation
- Maximum simultaneous trades - How many open trades in parallel?
- Assets to be traded - Which cryptocurrencies are traded?
- Trading hours - Should trading take place 24/7 or only at certain times?
These settings can be tested without financial risk using the virtual credit in the demo account.
Step 6: Start real money trading
Once the optimum settings have been found in demo mode, the BitiCodes Bot can be configured for live use with real money.
The software now automatically executes trades with the deposited capital. Users can also open trades manually in parallel.
It is important to only use money that you have available and are prepared to lose. Forex and crypto trading always harbours risks.
Step 7: Pay out winnings
After successful trades, the profits made are credited to the BitiCodes account and can be paid out to your own bank account at any time without fees.
That's how easy it is to get started with BitiCodes within minutes and profit from crypto trading!
Advantages and disadvantages of BitiCodes at a glance
| BitiCodes advantages | BitiCodes disadvantages |
|---|---|
| Free registration | Lack of transparency on the part of operators |
| Simple operation even for beginners | Minimum deposit of 250 euros required |
| AI-based trading bot | No guarantee of profits |
| Numerous customisable settings | No native app available |
| Virtual demo account for risk-free testing | Website makes a partly dubious impression |
| Competent German-speaking customer support | Some reviews seem fake |
| Fast payouts without fees | - |
BitiCodes alternatives - These other crypto robots are available
BitiCodes is of course not the only trading platform with a crypto bot. There are various providers that offer a similar solution. We present the three most interesting BitiCodes alternatives:
Kryll.io
Kryll is rated by many experts as the most professional trading bot platform. However, Kryll is aimed more at experienced traders, as it is not quite as easy to use.
However, Kryll also offers significantly more customisation options than BitiCodes. The bot can be customised in even greater detail with individual code.
However, Kryll is only conditionally recommended for beginners. Advanced traders will be very happy here, beginners may feel overwhelmed.
Bitsgap
Bitsgap works on a similar principle to BitiCodes, but is slightly more complex to use. One positive aspect is the large selection of supported exchanges and altcoins.
The basic functions are free, but monthly fees are charged for using the bots. Bitsgap offers a detailed reporting area for analysing trades.
Overall, a solid alternative that is aimed more at experienced traders. BitiCodes is the simpler solution for beginners.
CryptoHero
Like BitiCodes, CryptoHero is explicitly aimed at beginners and is very easy to use. The focus is on user-friendliness and a clear interface.
However, the selection of tradable assets is smaller than with BitiCodes and the customisation options are also somewhat more limited.
CryptoHero is ideal for beginners who are not looking for a complex platform. Advanced users may feel somewhat limited.
Conclusion - Is BitiCodes worth it? Scam or reputable?
In conclusion, BitiCodes is an interesting solution for entry into automated crypto trading. The software enables even inexperienced investors to profit from the volatility on the crypto market.
In our experience, the BitiCodes bot actually delivers profitable signals that have to be confirmed manually. This means that the user is always in control.
Of course, there are also points of criticism such as the lack of transparency on the part of the operators or the sometimes fake-looking reviews. This tarnishes the otherwise good reliability somewhat.
On balance, however, the advantages outweigh the disadvantages. In our opinion, it is not a scam. BitiCodes is legitimate and can certainly be recommended, taking the risks into account.
Simply try out the bot yourself using the free demo account. This allows you to test whether BitiCodes meets your requirements without any risk.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.