Have you heard of algorithmic crypto trading? If yes, skip this introductory part. No? Then stay with us while we explain this to you. Algorithmic or automated trading services utilize bots that are using a specific code to get in and execute trades without human intervention. These types of trades are fully automatic, so you don’t have to do a thing after you have set up your bots.
Crypto Code is one of many, and is said to make users $3,283 per day. But is this robot legit?
Unfortunately, we’ve tested the robot and we have found that it is a scam. We recommend trying alternative robots such as Bitcoin Code which have proven results and actually can make you some money. Read our full review to find out why you should avoid the Crypto Code.
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The main benefit of automated cryptocurrency trading is cutting out the human from the process. No user intervention means no human errors. And human errors are pretty common when people trade assets “manually” (without using an automated solution). When you set up a trade and monitor its progress, different emotions could appear. You fear that you’ll lose money on your trade. And – on the contrary – you become too greedy when you see that your asset’s price has gone up. These emotions -along with others – can influence your trading decisions, which can result in less profits and more losses. It’s no coincidence that expert traders always advise beginners to put aside their emotions when they are trading.
There are plenty of working algorithmic trading solutions that are widely used in the fiat market. However, the crypto market is only a little over 10 years old. So, algo crypto trading is relatively new in the space. Despite its infancy, there are numerous automated trading services designed specifically for the cryptocurrency market. And they are trending because the bots take the somewhat high volatility of digital currencies and use it for the advantage of the traders – to get a higher profit margin from the trades.
But before going deeper into algorithmic crypto trading solutions and our Crypto Code review, it is crucial to emphasize the dangers of these services. While cryptocurrencies offer higher profit margins than most assets in the fiat world due to their volatile nature, the higher chance for profits come with increased risks. No one – even the best traders – know where cryptocurrencies are heading in the short-term. A coin can go up by 10% in an hour; then its price can decrease by the same percentage in the next hour. Furthermore, some of the algorithmic crypto trading services are not legit (unfortunately). So, if you are not careful enough and use a scam solution in this space can lead to the loss of your funds.
But that’s why we are here, to give you the best information on these services. We have tested numerous automated cryptocurrency trading solutions in the space. In addition to testing, we carefully analyzed the services, drawn our conclusions, and rated them according to our findings. At the end of this review, you’ll know whether the platform we are testing today – the Crypto Code app – is legit, how it works, how it compares to other solution among other things. In addition to our review, we have included a step-by-step guide, which will take you through from registering to a service recommended by us to trading digital currencies via the crypto robot.
And now, let’s get back to the platform we are reviewing today: Crypto Code.
What is Crypto Code?
The Crypto Code system is an algorithmic crypto trading platform that promises high returns to its users. But how much is that? According to the operators of the Crypto Code website, if you sign up to their platform, you will earn at least $3,283.35 a day. We don’t know how they calculated that amount, but we know that it should ring alarm bells. Nearly $3,300 is a sum that equates a stable monthly salary even in Western countries. According to some stats, the average yearly salary of a US worker was a little over $31,000. $3,300 a month adds up to a yearly salary of nearly $40,000.
But the Crypto Code app is promising that $3,300 for a day! Doing some calculations, if we multiply that number with 365 days, a user who did a Crypto Code sign-up will make almost $1.2 million a year. If someone had gathered knowledge on how to make that sum of money, he wouldn’t share with anyone. When an idea on how to make huge amounts of money is shared – and it works – many people will jump in, which will most probably result in the idea not or partly working in the future. The idea will soon get what we call overcrowded.
And the “best” about Crypto Code is that the operator of the website – William Gardner – is offering it for free for individual users. In Gardner’s personal note, he writes that he has spent over two years and “tens of thousands of dollars” to develop this solution. Then why is he sharing it for free? Also – a fun fact – the background of the note (which should be an image about William Gardner) is an image used for a smartwatch listing on Amazon. However, the watch was removed from the image CryptoCode is using. This means that either William Gardner is a “smartwatch model” or Crypto Code used a fake image to impersonate the operator of the website.
In addition to the daily $3,300 profits, the Crypto Code website is promising a success rate (the percentage of trades that result in profits – it is often cited as a “win rate” on automated crypto trading platforms) of 97.7%, which is quite ridiculous. Even the best traders don’t succeed in over 50% of their positions. Yes, this is an algorithmic crypto trading solution. So, no need for a trader to do the trades. But a success rate of 97.7% is everything but not realistic. It can’t be maintained throughout a year. There are times when crypto bots make more money for the trader – e.g., in a bull market -, but there are also times when there are less profits and more losses.
As there are plenty of scam services in the crypto space, we have to make sure that the platform we have tested today is not fake. So, is Crypto Code legit? As we couldn’t test the app itself, we can’t say anything for sure. However, based on the information we’ve found on the Crypto Code website, we are more leaned towards saying that this service is not legit.
The reason for that is simple. The website has plenty of signs that imply that Crypto Code is not legit. Let’s see these signs. Firstly, the operator of the website, William Gardner, is featured on a stock photo that is used for an Amazon smartwatch listing. If Gardner is a real person or he really is an owner of a legitimate service, why didn’t he take a real photo of himself? Secondly, the Crypto Code app promises a daily profit of nearly $3,300 with a 97.7% success rate. If this was true – and guaranteed – we would sell all our assets to invest the maximum amount of funds in this service. But we are not selling any of our assets as these promised returns are extremely unrealistic.
So, after stating that we can’t determine whether the Crypto Code app is legit – but we are leaning towards saying that the service is not legit -, we should examine if the platform is fake or not. As we couldn’t do a Crypto Code sign-up, it is hard to say any facts about the algorithmic crypto trading app. However, we have two scenarios about the Crypto Code system, and we are now sharing them with you.
The first is an optimistic scenario. In this event, there is no Crypto Code scam, but the operator of the website was exaggerating regarding the performance of the cryptocurrency robot. This is – of course – not a correct way to do business. But in this scenario, the Crypto Code app can be used to trade coins. The second scenario is the more pessimistic – and realistic – approach, in which the whole service is a scam. The creator or creators of the website did not exaggerate but lie about everything as there are neither bots no real cryptocurrency trading. In the second scenario, if you deposit money into your CryptoCode account, it will be most likely stolen.
Is it a scam?
- We couldn’t test the Crypto Code app as the service did not allow us to create an account.
- We can’t determine whether the service is legit or scam.
- We recommend using a top-tier algorithmic crypto trading service, Bitcoin Code instead, which is a trushtworthy crypto robot platform.
- You can check out Bitcoin Code at this link. If you need more information on the service, check the step-by-step guide in this article.
Who founded Crypto Code?
According to the Crypto Code website, an individual named William Gardner is the creator of the service. However, we suspect that Gardner is not a real person. The reasons for that include a stock photo as the alleged operator’s image that has been used in Amazon ads for smartwatches. Furthermore, according to Gardner’s biography, the Crypto Code founder spent over two years and “tens of thousands of dollars” to develop the service.
If he really spent thousands of dollars and two years on creating an app that generates huge profits for its users, then Gardner shouldn’t offer it for free. But that’s not the case here. Therefore, we suspect that both the amount of funds and the time expended on the Crypto Code platform is a lie (as well as Gardner’s person.
How does the Crypto Code System work?
Now, let’s return back to our Crypto Code review, testing the app itself. Surrounded by unrealistic promises – nearly $3,300 profits per day -, you can find a “Let Me In Know” button on the Crypto Code website. It requires your email first. After finishing with providing the service your email, the site will take you to another page where you have to fill out a longer form with more details, including your name, email, phone number, and password.
And that’s all we could see from the Crypto Code app as the registration process has an issue – which can be either intentional or just a problem the operators are not aware of. The message states “error in the registration process.” We’ve tried creating a Crypto Code account with different details, using multiple browsers, incognito mode in Chrome, and we tried to register on another day. But we couldn’t get in the Crypto Code app, unfortunately.
So, we can’t tell you any specific details on how the Crypto Code app works, whether the 97.7% success rate and the nearly $3,300 daily profits are true. But the platform should work like the other algorithmic crypto trading apps. You load funds into your account, set up your bots, and the crypto robots will do all the trading for you. In most cases, you don’t need to do anything besides that, but monitoring the performance of your bots.
The next section should be about creating a Crypto Code account. However, as there is an issue with the registration process as well as the Crypto Code website is full of (false) promises of unrealistically high returns, we have decided to compile a step-by-step guide on another platform.
Avoiding the possible scammy nature of Crypto Code and the flawed account creation process, we are recommending you to use another service: Bitcoin Code. The algorithmic crypto trading app we show you now is the best among all – Bitcoin Code is our top-rated service. In this step-by-step guide, we will take you through the processes of registration, using the demo trading platform to test Bitcoin Code, funding your account, and finally, trading via the app’s crypto bots. Let’s dive in!
Are there any risks involved with algorithmic crypto trading?
Yes. Algorithmic crypto trading is a high risks activity due to two reasons. The first one is the somewhat volatile nature of cryptocurrencies - which gets stronger during a bull market and decreases when we are in a bear market. When the coins are highly volatile, the price of a digital currency can increase by 10% in an hour, and drop by the same percentage in the next few hours. No one - including expert traders and investors - can predict the short-term movement of digital assets. That’s why all cryptocurrencies are considered as high-risk assets. The second reason is related to algorithmic crypto trading itself. Unfortunately, a part of the platforms is not legit. Scammers have created these “services” for the sole reason to steal the hard-earned funds of the users. If you fall for a scam like this and deposit money into your account, the operators of the scam platforms won’t even credit those funds - they will just take your money without providing you the service they promised on their websites. Furthermore, some of the algorithmic crypto trading apps require at least a basic level of programming skills from the users to set up the bots. If you don’t possess such skills or expertise, you might risk losing your investment. However - fortunately -, most of the services (such as Bitcoin Code) do not require any programming skills from you. You just need to set up your bot using the user-friendly platform of the service to start trading via the crypto robots.
Can you recommend a top-tier cryptocurrency trading bot?
Yes, we can. We recommended the cryptocurrency trading bot Bitcoin Code in the current review, which is our best-rated service. Bitcoin Code received 5 out of 5 stars from us. Only a handful of cryptocurrency trading bot solutions got the same rating, including CryptoSoft, Bitcoin Evolution, and The News Spy. We recommend using any of the aforementioned platforms for algorithmic crypto trading.
Do I need to develop my own algorithmic trading strategies before using the bots?
Some of the bot platforms require you to develop your own algorithmic trading strategies before you can start trading. You can do this by either using the platform’s interface or by writing the code itself. But the majority of the services have their own algorithmic trading strategies, so you don’t have to worry about setting those up before you can turn your bots online.
I’m interested in holding Bitcoin instead. Can you recommend a good cryptocurrency wallet app?
Of course! We have tested plenty of cryptocurrency wallet app solutions and picked the best ones for you. But before diving deep into these services, we have to emphasize one thing, which is your coins’ security. Unfortunately, hackers prefer to target cryptocurrency enthusiasts. As you are holding digital currencies, you are one of their targets. So, to keep your coins safe from the attackers, you have to use a cryptocurrency wallet app that has a great level of security. We believe the best cryptocurrency wallet app solutions are hardware wallets. These wallets come with a hardware device where you have to type in a PIN every time you seek to log in or make an outgoing transaction. This PIN via the hardware device makes the hackers’ life so hard that they would have to steal your hardware device in addition to hacking your software and acquiring your PIN to steal your coins successfully. We recommend using a cryptocurrency wallet app from trusted hardware wallet manufacturers, such as Ledger, Trezor, and KeepKey. In case you want a good software wallet (without the hardware device), we recommend checking out the Coinbase Wallet, Hodly, and Exodus.
What’s the best cryptocurrency trading platform to buy Bitcoin at?
We’ve tested and reviewed numerous digital currency exchanges and brokers to find the best cryptocurrency trading platform. Based on our findings, the best cryptocurrency trading platform to buy Bitcoin at is Coinbase, a regulated broker with over 12 years of experience. Coinbase features a user-friendly platform, multiple payment methods (including credit card and PayPal), and a fast account creation process. Other recommended cryptocurrency trading platform solutions for Bitcoin include Plus500, Binance, and Changelly.
Other trading robots you might be interested in
The digital currency robot platform CryptoSoft is among the four top-rated algo coin trading services we have tested. What we – and the users – like about this app is its ease of use, high-performing bots, legit demo trading platform along with other cool features. Don’t forget to check out our CryptoSoft review.
Bitcoin Evolution has the best design and user-friendly platform among all crypto robot apps. In addition to that, the bots of the Bitcoin Evolution app are really hard-working, netting great returns for the users of the solution. Bitcoin Evolution is compatible with multiple devices, and before, after and in the middle of trading, you can check the current price of BTC on gorgeous-looking charts.