Last Updated on September 11, 2022 by Alex
Welcome to our Bitcode AI review and scam investigation. Today we will evaluate a new Bitcoin Trading robot named Bitcode AI, and see it it a scam or legitimate investment app. The Bitcode AI software is advertised as an automated Bitcoin trading app which is used by a wealthy community of investors. If you judge according to the number of endorsements this latest scheme has received, it’s highly probable that you will end up investing. However, after reading our review we are confident that you will refrain from doing so. Why is that? Because we actually invested £250 and lost our money in a matter of minutes.
Interestingly enough, if you take a look at the Bitcode AI sales page you will see that the con artists are saying that they “partnered” with CySec-licensed brokers. That is simply a shameless lie, because our broker “Coin Central” was not able to produce any type of regulatory certificate. In fact, when we asked them about their license our account manager Kevin Sachs pretty much stopped the conversation and told us he “had bigger fish to fry”.
CSR Academy is a corporate watchdog website with a focus on exposing corporate Bitcoin fraud. For that reason we are constantly receiving complaints, and where the Bitcode AI scam is concerned things seem particularly bleak. But mere words are not enough! We were able to compile a dossier which puts these scammers to shame, as well as anyone who cooperates with them.
So before you decide to risk your money and invest, we urge you to take a minute and read our insightful Bitcode AI Review. We are absolutely convinced that once you get the facts straight there is no way you will register for the Bitcode AI scam app.
Official Bitcode AI Website, Login Page, and Registration Area: There are 8 (Eight) websites who claim to be the “Official Bitcode AI App”
Table of Contents
Take a look at the image below. It’s a screenshot taken from the Bitcode AI main website registration area. In the center of the sales presentation you will see the CNN News Chief Political Correspondent Jake Tapper. We ask that you take a very close look at this person.
And here we have 6 other websites which have been cloned and use the same template with minor variations in colors and design. If this is the first time you are reading one of our articles it’s quite possible that you are in a temporary state of shock so-to-say. Most people aren’t aware of how these scams operate, but when they see it presented in a well-researched and genuine manner then it becomes very clear to them.
Check out this Bitcoin AI website. This one claims it is “revolutionizing” how people make money trading Bitcoin and offers access to a system which allows you to increase your profits “exponentially”.
this website is also cloned and a part of another affiliate network which is trying to grab your attention. We have added proof below so you can see that it is another template or what we refer to as a “cookie-cutter” scam.
Affiliate networks and media agencies are the people who promote the scams, and they refer paying clients to CFD brokers who pay them according to set commission fees.
Fake Bitcode AI Reviews
And here we have a very well-known and recognized review website which is applauding this latest farce and literally giving it a score of 4.6/5. This type of shameful and deceptive activity hasn’t gone unnoticed by our staff and for that reason we are alerting our viewers to refrain from acting on their advise since it will surely lead you down a very dangerous and unforgiving road.
Bitcode AI Fake News
We have already spotted multiple fake news articles that are getting viral, and it seems this will not stop or abate any time soon! The reason scammers are using fake celebrity endorsements is simply because they are extremely effective at baiting victims.
Scammers like to use Elon Musk, Holly Willoughby, and Martin Lewis in the UK. There are other celebrities which are constantly being used, and we promise to update this section of our review if and when we see more fake ads.
What Is Bitcode AI And How Does It Work?
Bitcoide AI is supposed to be a new trading robot which buys and sells cryptocurrency contracts on auto-pilot without any form of human intervention. As the name suggests, the app reportedly utilizes a set of artificial intelligence scripts in order to optimize the ITM (in the money) ratio and in that way generates “exponential” profits.
We have also seen a lot of talk about a parsing system which spots market trends which identifies profitable buy and sell opportunities, but this is not backed up by any technical data or back-testing.
Bitcode AI Review, Does This Software Really Democratize The Trading Environment?
We hate to burst your bubble but unfortunately Bitcode AI is a scam, and not a very sophisticated one if you ask us. Bitcode AI boasts “impressive” features which have been embedded into the trading software. However, in stark contrast to what is being said here the facts tell a different story.
We have have been particularly meticulous when examining this signals app and every single time we checked the platform absorbed significant losses. This is by no means a surprise as far as we are concerned. Get-rich-quick schemes such as Bitcode AI are a dime a dozen, and we are fully aware of how experienced con-artists can be masterful at using them to squeeze money out of their victims.
Bitcode AI Special Features
In the “features” section we can see that Bitcode AI supposedly offers many options, but when you take a closer look you realize that there is really nothing tangible you can rely on. Lets break this down into bullet points
- CySec Licensed Brokers: This is a lie. We signed up twice and in both cases the broker was unlicensed.
- No License fees: No fees are required since the app is a total ripoff. They just steal everything you invest so there is no need for any type of fees.
- Fast and efficient tool designed to offset market volatility. This is a fake claim since there is no software at all.
- Designed for new traders: Of course, experienced traders will not come close to this farcical piece of rubbish.
- Leverage of 5000:1. This is default leverage for all scams. If you borrow money you will most likely end up being indebted to the broker so just don’t take the money, its not free.
There are no risk management features such as risk-reward ratio or stop-loss available. In fact there is nothing available besides the cashier and and the option of buying or selling cryptocurrency contracts manually.
Bitcode AI Trading Dashboard, Signals, And Strategies
Alright so when we inspect a new software we expect to see certain things like a trading dashboard or signals but none of that exists! Instead we were just directed to a broker and as a result asked to use their strategies. We were literally told by the account managers that Bitcode AI is a scam and that if we wanted to make some money we would need to invest an additional £5,000.
But we refused to accept that and continued to ask about indicators such as MACD and Bollinger Bands. Eventually the account manager just gave up and told us he has other clients that are “more serious about investing”.
Bitcode AI Regulation Check
This is a very troubling issue and probably the biggest and most shameless lie whereas Bitcode AI scam is concerned. If you check the “features” section, you can see that they are saying they have “partnered with CySEC licensed brokers” and that is the reason your account is managed by professionals.
Don’t believe these con-artists! Our broker was very sketchy and could care less about licensing and regulation. In fact, when we started asking questions we were basically told to shut up.
These claims are simply false and we literally experienced it ourselves after joining. Additionally there is no PCI compliance or ISO documentation in regards to the software. That means there are no standards in regards to the firewall settings and your information can be passed around and sold to third parties who will most likely try to sell you bottled air or used bubble gum.
Bitcode AI Perceived Benefits
If this signals app was really legit we would have a chart outlining the benefits versus the drawbacks. However, since its a scam there is no reason to do that. With exception to the disclaimer at the bottom, there is no one single iota of truth which we could find in the Bitcode AI scam sales page. At best it’s a half-truth, and in most cases these people are just plain liars which will do anything to get you to believe their software generates income on auto-pilot.
Bitcode AI Cashier FAQ (Deposits and Withdrawals)
As is the case with all scams depositing is very easy, however when you try to make a withdrawal you will be met with fierce resistance. Here are some questions and answers in regards to the Bitcode AI Cashier
Q. What Depositing Methods Are Available?
A. Visa and Mastercard are available. In many cases deposits via Bitcoin or other digital currencies will also be made available.
Q. Is Making A Withdrawal Easy?
A. Making a withdrawal will simply be an impossible task. Regardless of how hard you try the brokers will not surrender and never payout in the case you have actually managed to accrue a balance.
Q. Do I Need To Send Documentation?
A. You will be asked to do it, but that is merely a delay tactic and in many cases victims have been told to send documents countless times.
Bonuses, Perks, and Incentives
Our account manager Kevin tried to sell us a 50% match-bonus, but we already know that these bonuses have a trading requirement. So any amount we invested which was “attached” to the bonus had to be traded 20 times and that means that the bonus plus the investment would simply evaporate. We urge you not to accept any bonuses and make sure to document your requests not to accept them in writing as this will surely help you in certain situations.
|Bitcode AI||Other Apps|
|Licensing and Regulation||This app is unregulated.|
|Minimum Deposit Amount||£/€/$250|
|Trust Rating||This is a thieving software.|
|Demo Trading||Not available|
|Customer service||Horrible. No one ever responds!|
Taxes Related to Bitcode AI
Don’t worry about taxes in relation to the Bitcode AI scam. Taxes are levied on profits after you declare the income through HM Revenue & Customs. Since you will only be losing money there will be nothing to declare, hence taxes will not have to be paid.
Alternative Options That Work
Our staff conducts extensive testing when we identify a new trading app which we believe has potential. Once it passes our screening process and has demonstrated its ability to generate consistent profits it is added to our recommended section where our members can try it out for themselves.
Bitcode AI Review Summary, Conclusions, and Recommendations
The Bitcode AI scam software, app, and automated trading platform is totally blacklisted. We have explained our position in regards to this latest cloned get-rich-quick scheme, and it’s pointless for anyone to try and prove otherwise. The evidence is simply overwhelming and for that reason we are sending out a clear warning to our members and viewers. Should you have any questions or require additional clarifications please message us via our contact page and we shall promptly reply.