Bitcode AI – Is it a legit trading robot?

“What qualities should a good trading robot have?” First and foremost, that’s a great question. As a crypto trader, you should always aim for the best. Bitcode AI is one of the top options currently in the market. This powerful bot offers many advantages over the competition, such as more coins, high leverage, and multiple other perks. Moreover, Bitcode AI is great for both beginners and experienced traders.

But that begs the question – what’s the secret behind the success of Bitcode AI?

There’s been so much chatter about the robot in question, so it was time to dig a little deeper. So, do read on to see how Bitcode AI can improve your trading endeavours.

Bitcode AI Summary
Bitcode AI allows traders to execute trades automatically without having to make decisions on long or short calls. Using advanced artificial intelligence (AI), it surveys the price movements and makes decisions on what to do. Here are some basic details about Bitcode AI:

What Is Bitcode AI?

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Bitcode AI is a crypto trading robot. It uses artificial intelligence and machine learning to source information about cryptocurrencies. This information mainly comes from market history and online predictions and analyses. Instead of having to follow the charts 24/7, the robot can do it for you.

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If you haven’t used trading software like this, don’t worry. There’s no prerequisite to using it. However, you’ll find it much easier to start if you already know a bit about cryptos. They are risky investments, after all. So, be responsible and approach Bitcode AI only when you’re certain you can take the risk.

Bitcode AI Pros and Cons
Pros:

• Easy to use
• 10+ cryptos can be traded
• Withdrawals in ~24 hrs.
• Alleged win rate of 80-90%
• Demo account for all new users
• Fiat currencies and CFD pairs available

Cons:

• Win rate not officially verified
• No official mobile app

How Does Bitcode AI Work?
The machine learning part of Bitcoin AI analyses information previously compiled by the software. It then grades the integrity of the sources and only alters its moves and strategies if the source is legitimate or proven to be right in the past. What’s genuinely special about it is that Bitcode AI analyses the crypto, assesses the risk and executes the trade in 0.01 seconds. This is something a human could never do.

After the trade is opened, Bitcode also monitors the position. Once it reaches a certain threshold or limit, set by you, it automatically closes it to cut any losses. And the best part about it? It does so 24/7, thereby getting the most out of any trade.

It’s also worth mentioning that this software doesn’t use a singular method. You can adjust its proneness to take risks, as well as your own goals. Customization is great, and every trader should try it during the demo account period.

Top Bitcode AI Features

Despite what some people might tell you, crypto robots are still mostly diamonds in the rough. A large majority of traders still buy and sell manually, so developers aren’t motivated to provide many features. That’s why you’ll mostly see robots supporting only BTC and ETH.

Bitcode AI supports over a dozen different cryptos:

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Litecoin (LTC)
• ZCash (ZCH)
• Bitcoin Gold (BTG)
• Dash (DASH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• IOTA (MIOTA)
• EDS (EDS)
• NEO (NEO)
• Binance Coin (BNB)
• Ripple (XRP)

This is much more than what other crypto robots offer, even in the best-case scenario. Bitcode AI is meant for traders who like to keep their portfolios diverse. IOTA and Dash are far from mainstream options, meaning the developers listen to what their customers want.

Additional Products Available
The average crypto robot is just that, a crypto robot. Even though there are many big proponents of decentralized currencies, one can’t deny that cryptos are still risky investment vessels. Therefore, a crypto robot is only usable to a certain extent. Bitcode AI goes beyond and offers the ability to trade other financial instruments.

Aside from the above cryptos, this platform has more than 160 contracts for difference (CFDs) on Bitcoin pairs. BTC can be paired with altcoins, or you can put two altcoins together. Fiat currencies are also on the table, including USD, EUR, GBP, JPY, CHF and RMB. Renminbi, the Chinese reserve currency, is a rare sighting. Kudos to Bitcode AI for this.

Hight Leverage
Trading with small amounts of money can be exhausting. Even a robot as accurate as Bitcode AI can’t turn your portfolio around overnight. Remember, you’re using a computer algorithm. It will always depend on its creator and will make logical moves. Higher risk settings don’t even include the basic risky, borderline-brainless activities.

That’s why leverage is important. Bitcode AI offers up to 5,000:1 leverage on cryptocurrencies and 2,000:1 on CFDs. Interestingly, it’s all sourced from brokers with whom the robot has a deal. Given that these regulators are licensed and regulated, it’s reasonable to expect that Bitcode AI abides by the same laws.

Popular Amongst Traders
There’s a great deal of importance on customer feedback. Since you have to deposit €250, you deserve to know where your money is going and whether it’s a good idea or not. Judging by sites like Reddit and Quora, as well as various financial sites and outlets, Bitcode AI seems to be operating legitimately.

Five-star opinions often mention the withdrawal speeds, as well as the wealth of financial instruments that are available. If you want to experience Bitcode AI in full, start using the demo account and practice trading on the platform.

Great for Beginners
One of the biggest barriers to entry in the crypto world is complexity. It’s not easy for someone to instantly understand terms such as blockchain, digital ledger, staking, and others. Bitcode AI does a terrific job of making crypto easier to understand and more accessible to beginners.

This is called ‘investment democratization.’ With a robot that runs on reliable algorithms, users can gain value without being adept at manual trading. It is important to emphasize the importance of learning. Use Bitcode AI as a tool, not as the main driver behind your trades. Observe what it does and tweak its parameters.

Completely Free to Use
The best crypto trading robots tend to have a reputation for being too expensive. Bitcode AI is accessible and only requires a €250 fee to start your account. There are no commissions, deposit fees or anything that might hamper your success as a trader.

Since the platform actively works with other brokers, stay informed about their fees or hidden costs. The first step towards a successful trade is a successful plan. And you can create one by adjusting your finances accordingly.

Bitcode AI Fees
Bitcode AI doesn’t impose any costs for using the robot. However, it is recommended that traders end their activities before 4 PM during the market’s trading day to avoid rollover fees. Brokers that Bitcode AI collaborates with reserve the right to charge their own transaction and processing fees. It is advisable for you to stay informed and plan your trades responsibly. That’s the best way to use Bitcode AI.

How to Use Bitcode AI
Here’s how to start trading with Bitcode AI:

• Register. To become an official site member, you need to fill out a form. It contains fields for your first & last name, phone number and email. The last two are for verification purposes.

• Make a deposit. Using crypto, cards or bank transfer, you can fill up your account to start using Bitcode AI. €250 is the minimum amount requirement.

• Practice on the demo account. This doesn’t involve real money but offers all the features live trading is known for.

• Set the parameters and activate the robot. Customization is the final step of the process. Consider what you want and adjust Bitcode AI to accomplish it.

Is Bitcode AI a Scam?

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Bitcode AI is a reputable crypto trading robot according to the user testimonials on their website, as well as accounts and experiences on other sites and forums. However, after diving a bit deeper, it’s clear that most of them seem to be real users, with experience levels varying from beginner to pro.

This is, of course, a good start. The robot’s creators claim it has an 80-90% success rate. There’s no way to verify this with 100% certainty, so take it with a shred of doubt. However, compared to online opinions, it seems that many users found it helpful.

Since you can adjust the setting in many ways, Bitcode AI can provide value to any trader. As previously mentioned – this isn’t an excuse to avoid learning about cryptocurrencies. Follow the most informed experts and use Bitcode AI to remove human emotion from the equation. Good luck!

Disclaimer – The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.