Bitcode Prime Review in the UK 2022: Scam or Legit?
Bitcode Prime Review
Bitcoin, Ethereum, EOS, Cardano, XRP, Dogecoin and others.
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Automated cryptocurrency trading services? Are you looking for something innovative in this sector, but don't know which software is the most advanced? No problem. In this study, in fact, we will analyze the latest news in the sector: Bitcode Prime.
The boom in the cryptocurrency sector in recent years has essentially caused an increase in the search for innovative tools to solve the problems associated with this market and make it even more accessible to the general public of retail traders.
Bitcode Prime Summary
AI Trading Robot
BTC, ETH, LTC, EOS, BNB and others
User data protection
Yes (AES 256-bit)
What is Bitcode Prime?
Bitcode Prime is proposed as an automated cryptocurrency trading system capable of using the latest research results in the field of artificial intelligence to allow even inexperienced people to enter this market. The developers will, of course, invest not only in bitcoin but also in other well-known cryptocurrencies (such as Ethereum and Ripple).
According to what has been reported on the platform's official website, it will be an algorithm based on the latest discoveries in artificial intelligence , which should be able to compare cryptocurrency markets using models and mathematical comparison matrices.
Unfortunately, we cannot be more precise because, understandably, the algorithm itself is jealously guarded by society and is not in the public domain.
What we do know is that the software offered by the platform will be fully customizable by users. In fact, once users register and activate an account, they will be able to enter their own settings and market analysis parameters to be able to determine not only risk management parameters, but also investment frequency.
Bitcode Prime Pros & Cons
How Does Bitcode Prime Work?
The various features of Bitcode Prime software aim to make trading as efficient and easy as possible . In fact, the website mentions that once the bot is set up, it will be enough to check and monitor the evolution of the wallet for less than 20 minutes a day.
The operations are completely automatic, and the daily check mainly serves to monitor the effectiveness of the settings and change them to suit your needs.
In case, for example, there is a certain change in the cryptocurrency market, the performance of the Bitcode Prime bot may change. This does not immediately mean that you will lose money, but rather that the software may find fewer investment opportunities matching the parameters set by the user.
In this case, the daily intervention recommended by the development team will allow you to periodically optimize the settings or just take note of this change.
This advanced automated trading robot has also added an important innovation . Bitcode Prime, in fact, would also include a manual investment mode, capable of satisfying the needs of more experienced traders.
Manual trading would be structured to work in parallel with automated trading to maximize profits even more. Alternatively, you can also resort to manual investments at the discretion of the user.
That said, as mentioned earlier, we have not been able to analyze in detail the algorithm on which the entire system works. For this reason, we cannot speak about its reliability and make a definite judgment.
How To Start Trading With Bitcode Prime
Step 1 – Register Bitcode Prime Account
Registering for an account will be relatively simple. The registration form essentially involves entering: First and last name, E-mail, Phone number, Nationality.
Step 2 – Deposit Funds for Trading
The first deposit is required to start the bot. According to what Bitcode Prime reported, the automated trading software requires capital of at least $250 to be able to perform all market transactions.
For this reason, the service provides a total minimum deposit of $250, regardless of whether you choose to run a bot or take advantage of the platform's manual trading.
Step 3 – Trade Cryptocurrency on Bitcode Prime
When it comes to trading, the platform announces that there are no commissions, even for individual transactions.
The software is in fact optimized also for retail traders and for investments with small capital . For this reason, setting up the offers will not be too difficult, and even the manual trading tools, according to what is also reported in some reviews, also seem to lend themselves to the first experience.
Having said that, we advise to always proceed with caution , and even if you are interested in Bitcode Prime, it is always wise to carefully assess the risks and, if necessary, proceed only with a minimum deposit, so as not to expose yourself to excessive risk. market, about which little is yet known.
Bitcode Prime Key Features
The core of Bitcode Prime's offering is, of course, automatic trading. The innovation compared to other online services will be the ability of this system to determine investment opportunities through comparative market analysis, which will follow precise mathematical investment models.
Consequently, a system that would have high accuracy and a particular speed of execution.
Free and fast withdrawals
It is vital for an automated trading system to present a commission plan that does not undermine potential profits for investors.
Thus, Bitcode Prime not only does not charge a commission on deposits (as we said earlier), but also extends this feature to withdrawals. Thus, platform users could withdraw their profits from the trading system without commissions and with a relatively short waiting time (maximum 24 hours from the request, according to the official website).
The cross-network approach is vital because it guarantees diversification of the operations performed by the bot, as well as providing a permanent space for future improvements.
If the bot is configured to simultaneously analyze multiple blockchains in search of market opportunities, it actually bodes well for the future. The development team will provide constant updates to the system, and as a result, users will be able to invest in more assets in the future.
Manual trading is an interesting addition, as it will not only integrate automated trading, but will also provide more freedom for more experienced users.
Bitcode Prime Fees
Bitcode Prime does not charge any commission for depositing or withdrawing funds because it profits from profit commissions. It is a highly efficient system, which is especially suitable for users who want to trade without commissions . By charging profit commissions (around 2%), Bitcode Prime earns solely from the success of its automated trading system. Since the bot will be able to process hundreds of trades every day, the introduction of transaction fees can be extremely detrimental to individual users and jeopardize the overall effectiveness of the platform.
Bitcode Prime Customer Support
Bitcode Prime warns that support is available 24 hours a day, 7 days a week to help all users set up the software, and that this step should only take a dozen minutes.
Is Bitcode Prime a Scam?
Since it is an automated trading system that does not directly provide financial intermediation services, Bitcode Prime is not subject to the same controls as trading platforms. Hence, it is not surprising that Bitcode Prime does not have a trading license and is not regulated by financial authorities.
The problem is that automated trading is a very young sector, which does not yet have a specifically designed monitoring system.
For this reason, we have not been able to find out much about the reliability of the platform. However, we do know that Bitcode Prime claims to comply with the European rules of user privacy (GDPR), implementing KYC as a protection against money laundering systems.
Finally, the platform claims that all of its systems are equipped with SSL security protocol to protect user data from any cyberattacks on the platform.
Our top robot trading tips for beginners
In light of what has been said so far, is it worth trading with Bitcode Prime? A difficult question to which there is no unequivocal answer.
We can tell you that automated cryptocurrency trading is generally worthwhile . It is an approach to the market that effectively eliminates its biggest problem: the fact that most people do not know how to buy cryptocurrencies, and do not have the right tools to invest immediately.
With automated trading, this step is removed, as the program performs these functions instead of the investor.
Is Bitcode Prime safe or is it a scam?
Judging from what can be learned on the Internet, from user reviews and from official posts on the website, Bitcode Prime is a safe service. However, the information needed to establish this with absolute certainty is missing.
How much can you earn with Bitcode Prime?
The profit potential with an automated trading robot is always relatively high. In the case of Bitcode Prime, estimates show an average return of around 20/30% with maximum peaks of up to 85%.
Does Bitcode Prime charge any fees?
Bitcode Prime does not charge deposit or withdrawal fees. The system generates profits by charging 2% commission, not only from the profits made by the trading bot. The only amount required is an initial deposit of $250.
Is there a fee for using Bitcode Prime?
No, there are no fees or commissions for using Bitcode PRime.
Cryptocurrency trading entails a high risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.
You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's Bitcode Prime review, opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.