Bitcoin Code Review: Scam or Legit?
If you've been searching for a Bitcoin Code review, this article might help.
Nowadays, seeing how much profit it earned some individuals, many people want to get into crypto. Of course, when talking about cryptocurrencies, the first that comes up to one's mind is bitcoin.
The possibility of growing a passive income by trading bitcoins has become very attractive lately. However, numerous auto trading platforms already have bad reviews, so people are being much more cautious about investing. It is hard to evaluate which trading platform is legit and which is a scam. Bitcoin Code is an auto trading platform for cryptocurrencies that promises "insane returns" and "great profits" with "just a few minutes of work".
As we already mentioned, there is no real way to be sure whether something is a scam or not. The Bitcoin Code is known and has its own growing community of users who claim the scheme has been more than lucrative.
We have witnessed the evolution of different auto trading platforms, such as Bitcoin Revolution, which also has trading robots doing everything for the client.
With Bitcoin Code, everything seems pretty much the same. The user deposits money and then activates the live trading feature and sets stop-loss limits.
The bots do everything else, such as market analysis, placing orders, and performing transactions.
What is the Bitcoin Code?
The Bitcoin Code is usually described as an automated trading platform that trades for the client.
The math seems simple - buying low, selling high. With only a $250 deposit and relying on a sophisticated, 99.4% accurate algorithm, the robot tracks the crypto market and trades 0.01 seconds ahead of market movements.
There is an option of performing manual trades as well, but it's available only to clients with intermediate knowledge of how manual trading works.
Is it a Scam?
As we already mentioned, it is easy to believe that one can get rich over the night by investing only $250. However, everyone with a little bit of "Poirot" in them can see that Bitcoin Code is a scam.
Everything, including a photo of Bitcoin Code's alleged creator Steve McKay, is fake.
The photo of the alleged multi-millionaire who "has featured on the cover of Forbes magazine" and claims his team can help you "earn a guaranteed $13,000 in exactly 24 hours", is a photo of a rented actor from e-gig website Fiverr.
Also, if you try and look it up on Google, most search results will give the Bitcoin Code good reviews and claim it's the "real deal".
However, if you ask Facebook, things are definitely darker than it looks. Back in 2018, the company had to remove fake Daily Mirror ads stating Martin Lewis, of Money Saving Expert, had made a fortune from Bitcoin Code.
Mr. Lewis is now suing Facebook, which was paid to publish the fake adverts.
Steve McKay, therefore, never has been on "Dragon's Den" or in Forbes. This is a group of crypto scammers, and Steve McKay doesn't exist. Every trading scheme with his name turned out to be an investment scam that is better to avoid.
However, this scheme isn't illegal per se. Because the client willingly gives their assets (whether it's $250 or even more) and is warned about the potential risks of trading – this cannot be charged as illicit activity.
The only real advice would be that if you want to try legit cryptocurrency trading, you should try some free demos with virtual money and do your own research before making any investment.
Author: Teuta Franjkovic
A sincere writer with a strong will to share knowledge on all things blockchain, crypto, metaverse and DeFi. Starting out as a writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing newspapers and websites within the fintech industry for over 15 years. She holds a double MA in Public Politics and Entrepreneurship.