Biticodes Review 2022: Scam or Legit?

Our careful evaluation and hands-on experience with Biticodes lead us to believe this is a trustworthy, legitimate platform. If you would like to try a highly-efficient crypto trading solution from a reputable broker, simply fill in the form below. A free personal account manager will be with you shortly to help you complete the registration process.

Limited Availability

Create your Biticodes account, and you will be assigned a FREE personal account manager to walk you through the account setup process promptly.

arrow-right

Official Registration Form Biticodes

By submitting the button above, you agree to our Terms and Conditions, as well as our Privacy Policy. Registration represents your consent to us sharing the data you provided with third parties who will offer brokerage services to you, and we receive commissions from them. All forms of trading pose a risk to your capital. Be aware of fake brokers and always do your own research before investing.

Biticodes is a reliable launch pad for traders of all experience levels. It can connect you with reliable brokers quickly and easily, giving you access to excellent software and financial services to turn your investment goals into reality. This Biticodes review will explore and highlight the platform’s key features.

Pros

  • Guaranteed trustworthy brokers;
  • Suitable for beginners;
  • Straightforward registration;
  • You can easily diversify your portfolio by also investing in Forex, stocks, and more.

Cons

  • No Android/iOS mobile app;
  • The minimum deposit could be lower.

If that’s all you need to hear and you’re ready to give Biticodes a try, follow these three simple steps:

Create a Biticodes Account

Go to the Biticodes website and fill in your details in the registration form. Biticodes will almost instantly pair you with one of its trustworthy partners.

Speak to Your Broker

A broker representative will contact you to confirm your account. They will explain how to access your trading account.

Add Trading Funds

Head to your broker’s site or app and deposit at least $250. Making a deposit will unlock the full set of features your assigned broker offers.

Voila! You now have an account with an excellent broker just waiting for you to take to the markets. All that’s left is to pick an asset you want to trade and start your trading adventure.

“It’s money 2.0, a huge, huge, huge deal.”

– Chamath Palihapitiya

About Biticodes Review

We prepare our broker reviews to help warn traders about scams and guide them toward safer trading platforms. Our opinions are based on our team’s research and experience using the apps.

All of our conclusions are objective and independent. The brokers we review do not compensate us for writing about them.

Understanding Biticodes

If you’re new to crypto trading, you might be a little overwhelmed by the sheer variety of companies active in this sector. Most of them are brokerages — they focus on offering access to the market via trading platforms. Others develop advanced trading software to automate the live trading process and boost profitability.

However, Biticodes doesn’t fall in either category. While this may be confusing initially, the company’s goal is a lot simpler than it seems.

The best way to think of Biticodes is as an intermediary between the brokers mentioned above and prospective traders such as yourself. The company offers mediatorship, i.e., it introduces traders to trustworthy brokers.

What’s the Point of Using Biticodes?

Everyone with access to the Internet can find and research brokers on their own. So, where does Biticodes come in? Why should anyone bother using an intermediary?

biticodes trading platform

The short answer is: this method is safer. The crypto space is, unfortunately, plagued by scams, which might look trustworthy to the untrained eye. Many people have been let down this way, losing both their precious deposits and their desire to engage in trading in the future.

To put things into perspective, we prepared the following comparison between looking for brokers yourself and using a hub such as Biticodes. This should illustrate the difference better:

Finding a Broker AloneUsing Biticodes to Find a Broker
Looking up brokers online may be overwhelming, as thousands of companies will appear in your searches.Biticodes is just one platform you need to head to. The company will automatically point you to a broker, so you don’t need to compare thousands of companies.
Most brokers look similar and offer more or less the same services. This makes distinguishing between reliable companies and scams difficult.Biticodes’ team performs in-depth background checks of brokerages to determine their legitimacy. It claims that all of its partners (i.e., the companies it recommends to customers) are safe and trustworthy.
Finding if a broker has all the necessary permits is tricky, and not every trader remembers to do it in advance.All Biticodes partners are regulated by financial services governing bodies. The company has verified their licences.
Even if you follow all of the steps above, you may waste hours or days finding all the necessary info and making a choice.Biticodes has done all the research already and automatically pairs you with a broker within minutes.

The simple conclusion is that Biticodes can save you precious time when looking for a regulated broker. Effectively, the company offers a much-needed shortcut for traders.

How Does Trading with Biticodes Work?

While testing Biticodes ourselves, we took detailed notes on what happens at each stage of the process. Here is what it all boils down to:

The Biticodes Trading Journey Explained

Start: Registration.

You create a new account on the Biticodes website. The platform automatically pairs you with a broker and sends it your contact details.

Confirmation.

Your assigned broker calls or emails you to finalise your registration. It also provides instructions on how to set up your trading account.

Activation.

Over on your broker’s website or app, use their supported methods to make an initial deposit to activate your account.

Finish: Trading!

You can now use the money in your account to place trade orders. You’ll have access to Bitcoin, Ethereum, other cryptos, Forex, stocks, and many other assets.

Is Biticodes a Scam?

That’s the big question, isn’t it? Considering our warning above about scams posing as legitimate crypto brokers, it’s natural to be wary. But that’s why we’re here! We tested Biticodes’ services, so you don’t run the risk of falling prey to yet another scam.

We are thrilled to report that Biticodes successfully passed our test. Our team did not encounter any issues or detect suspicious behaviour. In particular, we believe Biticodes is not a scam because:

  • All of the company’s statements on its website make sense. There are no bold promises of instant success, and the website includes multiple risk warnings to ensure clients know that the crypto market can be dangerous.
  • The website is protected by an SSL certificate and does not collect sensitive info about site visitors. There are detailed Cookie and Privacy policies if you’re curious about how Biticodes handles data.
  • Biticodes does not collect any payments. Thus, you don’t actually share any of your bank account or third-party payment system details with the Biticodes app at all. Instead, all money-related operations are between you and the broker Biticodes refers you to.

Thus, we can safely conclude that Biticodes is legitimate. It’s just a marketing tool that refers people to brokers. It doesn’t provide any financial services itself, nor does it process any payments.

Biticodes: Detailed Review

Choosing a broker is rarely an easy decision. After all, you will trust this company with your money. Moreover, your hopes of success depend on the reliability and versatility of its trading software and other services.

For this reason, we shall provide you with an in-depth breakdown of some of Biticodes’ most significant features. We are confident that reading up more about this platform will help you make an informed decision as to whether it is the right fit for you or not. Let’s get into it!

Design & Ease of Use

Biticodes utilises a simple yet efficient website layout. There is very little you need to do on its website — it’s enough to register an account by filling in the form, and then you don’t necessarily need to return there anymore. That’s why we liked that the opt-in form is the first thing you see.

Biticodes website design and look on different devices

More curious site visitors have a bit of ground to explore, though. You can get some introductory info on crypto trading and also familiarise yourself with Biticodes’ terms and policies. We appreciate that everything’s so easy to find.

Plus, this choice of minimal design makes the webpage quite light. It loads quickly and looks alright on both desktop and mobile devices.

There’s no dedicated Biticodes mobile app — but you also don’t really need one. As we mentioned already, after you register, there’s no need to go back to Biticodes, as it will refer you to a broker (who will probably have an app).

Services for Beginners

Biticodes prides itself on how beginner-friendly its platform is. From what we have seen, this attitude is justified.

Demo Trading Mode

Firstly, trading newbies can benefit from the demo accounts offered by Biticodes’ brokers. The demo server is a practice ground within each broker’s trading platform. There, you can play around with the trading terminal and test different strategies or try trading various assets without using money. Essentially, a demo account is the training wheels any novice can enjoy when they first enter the crypto space.

Reliable Support

Biticodes has also chosen to partner only with brokers who provide 24/7 customer support. You can quickly find a representative to answer all your burning questions via your assigned broker. They can help guide you through the account set-up process or point you to services and special offers that might help you reach your investment goals more easily.

In addition, some of Biticodes’ partners also provide free personal account managers for further assistance.

Trading Platforms

Because Biticodes works with multiple brokers, and each company has its own platform of choice, we cannot enumerate all features of the trading software you may end up using.

Nevertheless, Biticodes guarantees that its partners use state-of-the-art software that includes all essential features. Some companies use MetaTrader 5, while others have their own trading platforms.

We don’t fully understand what goes into Biticodes’ broker-matching algorithm, so we can’t guide you on how to end up with a particular broker. But whatever company you are paired with, you can expect the trading software to do the following:

  • Offer a wide selection of cryptocurrency coins and tokens for trading. Aside from big fish like Bitcoin, Ethereum, BNB, Ripple, etc., you can also trade Dogecoin, Solana, Cardano, and hundreds more;
  • Support additional asset classes to diversify your portfolio, such as Forex currency pairs, stocks, futures, CFDs, etc.;
  • Provide charts for different time frames, market data, and other time-sensitive updates to help you modify your strategy;
  • Support multiple order types, such as instant execution, stop-loss, take-profit, limit orders, etc.

Auto-Trading Software and Other Advanced Services

Just because Biticodes is beginner-friendly, it doesn’t mean the company is not suitable for advanced traders. In fact, a few things might catch the eyes of pros here.

First, all Biticodes brokers allow the use of trading robots. Now, Biticodes itself doesn’t make any automated trading platforms, but you can get a trading bot or two from your assigned broker. The exact selection varies, but brokerages test these tools out and only strive to offer useful software.

biticodes review 2022, bitcoin code

High-risk note: If you’re a beginner, it might be best to refrain from using trading robots. Yes, they can automate a large chunk of the live trading process and save you time and effort. But automated trading platforms are usually a bit complicated to set up. If you don’t do it right, you might end up suffering unnecessary losses.

For investors who have an excess of money but run low on time, there’s also copy trading. This mode allows you to shadow the actions of other traders you like. So, if you see a trader with excellent profitability, you can automatically duplicate their deals on your account, paying them a share of your profits as compensation.

Costs and Fees

No broker review will be complete if we don’t talk about money and costs. We understand that many of our readers are beginners. As such, most of them are wary about spending a ton of money right from the get-go.

We were pleased to learn that Biticodes is actually quite affordable. Using the platform itself to find a broker is, in fact, free. You can register and get paired with a broker without spending a single cent.

As a result, anyone can try Biticodes without any financial risks. You can sign up, get paired with a broker — and if you don’t like it, walk away without having spent any money. It’s a possibility. In this sense, you don’t feel obligated to stick to Biticodes just because you spent money on it — because you didn’t.

The only financial requirement to be mindful of is the minimum deposit. Biticodes’ brokers ask that you add at least $250 to your account to start trading. Is this the lowest deposit we’ve seen? No. But is it the highest? Also no.

Plus, considering these are the funds you’ll use to open deals, it’s an appropriate amount as it can allow you to trade a decent volume.

If we had to rate Biticodes on costs alone, we’d give it a solid 4 out of 5 on account of being free to use.

Frequently Asked Questions About Biticodes

Is there anything else you need to know about this company? We’ve answered people’s most common questions about Biticodes below.

What is Biticodes?

Biticodes is a platform for traders to meet regulated brokers. All of the company’s partners pass a careful evaluation to prove they are trustworthy. Thus, traders trust Biticodes to refer them to a reliable brokerage to trade with.

How to join Biticodes?

All you need to do is register a Biticodes account. Then, one of its brokers will contact you and help you finalise your account.

Is Biticodes suitable for beginners?

Yes! Thanks to the reliable customer support of each broker and the addition of demo accounts, even complete novices can benefit from Biticodes’ services.

Is Biticodes safe?

In our opinion, yes. Biticodes is a legitimate company. There was nothing on its website that gave us pause, and we enjoyed using its services while testing it.

What is the Biticodes trading platform?

The exact cryptocurrency trading platform varies between brokers. The software you get to use depends on what broker Biticodes matches you with.

A Word on Cryptocurrency Trading

Why is crypto trading still all the rage? Isn’t there a new hot thing in the investment world? Haven’t we missed the window of opportunity already, considering the crypto boom of 2021 is behind us?

Those are legitimate questions you might have. It’s true; crypto has been around for a decade. Also, the crypto market is not in its best shape at the moment. Many people cashed out big in 2021, snatching returns of 5x, 10x, and even 100x their initial investment, depending on the token and amount of money they had put into it initially.

But that doesn’t mean there won’t be new opportunities. The market is cyclical: it goes through ups and downs. Many investors believe in ‘buying the dip’ — investing in assets when their values are low to cash out when they appreciate.

It’s possible that after the current lull, a new massive upswing will come. Though, of course, nothing is certain. No one can guarantee you a positive outcome, but it seems plausible based on how the markets have behaved thus far.

Nevertheless, you should stay mindful of the risks. The crypto market is volatile and unpredictable. You can profit from it, but the possibility of a loss is always there too. If you don’t have a reliable source of income, trading might not be the best fit for you.

Legal note: Please be aware that there are also restrictions on trading in some countries. For example, crypto CFD trading is banned in the UK via the FCA’s PS 20/10. Check the laws in your country before investing.

Biticodes Review: Final Thoughts

Biticodes is a simple yet useful service for traders. It can help you find a trustworthy broker quickly without breaking the bank. The companies it works with offer premium-quality trading services suitable for both beginners and advanced traders. The lack of a mobile Biticodes app is hardly noticeable, considering how quickly it does its job and refers you to a highly competent broker. Overall, we were extremely satisfied with Biticodes’ services.

Disclaimer

The information presented in the Biticodes article should not be considered financial advice. Markets are volatile and financial investments should be discussed with an expert. See more information on the various risks below.