Crypto Code Test & Review - Scam or Not?
The capability to automate trading of cryptocurrencies, to such an extent that the human is cut out from the entire process, is the biggest selling point of auto trading systems. Well-developed auto-trading software should not require user intervention. From market analysis to trade execution there is an opportunity for decision making based purely on market data.
Crypto Code prides itself as a top-of-the-range software whose capabilities to improve your trading skills is incredible. But how certain can one be about such a claim when all the other pieces of software broadcast the same? In this review, we will attempt to ascertain the features and functionality of this platform.
What is Crypto Code?
On the surface, Crypto Code is just another auto trading software helping novice cryptocurrency enthusiasts to trade confidently. When you dig deeper, you find a lot of testimonials that confirm that the software is programmed with artificial intelligence-based algorithms capable of reading the direction of the cryptocurrency market ahead by 0.01 seconds, and the software being cloud-based means that you can access your trades anywhere in the world.
Who’s Behind Crypto Code?
The Crypto Code website does not list the name of the great mind behind the software. That is why we spent long hours searching the internet until we found a report claiming the software was made by an individual named Derrick Simmons. Although we cannot confirm with certainty if this claim is true, we can tell you what we learned from that post.
Simmons is a former forex investor who spent almost a decade developing trading algorithms for major forex brokers all over the world. Although he still dabbles in forex, he is now reported to spend much of his time in the crypto market.
Simmons is reported to be a popular figure in the cryptocurrency community.
How to Use Crypto Code
1. Crypto Code Account Registration
Crypto Code has a simple registration window that pops up when you click the “JOIN NOW” button. Required for account registration are a first and last name, and an active email address. On the next window, you will enter your telephone number but make sure that you specify your country code to speed up account verification. On the last registration window, the software asks for a strong password which you can automatically generate using the platform’s algorithms.
2. Demo Account
Verification of registration details is almost instant and soon you have access to one of the best trading platforms in the business according to user testimonials. Thankfully, Crypto Code allows new users to create a demo account for training and confidence building after which you will be ready for cryptocurrency live trading. We created a demo account which had $10,000 of virtual funds in the wallet. The trading platform offers four different types of accounts, which include a Basic account, Silver, Gold, and VIP. For using the demo, the account type is “Standard”, which includes bits and pieces of the four account types. The intention is to give new users a taste of each account simultaneously.
3. Deposit Funds
Before you deposit funds, you have to specify the account type you prefer because each one has different lower and upper limits. The Basic type accepts $250 as the minimum deposit, with a maximum of $1,000; the Silver account ranges from $10,000 minimum deposit to $25,000 max, $25,000 to $100,000 for Gold account, $100,000 to $500,000 for VIP, and $500,000 and above for Diamond account. We advise new users with little experience to start with the Basic account and then grow slowly. It helps to deposit the amount that you can afford to lose to avoid expensive losses.
4. Start Trading
Assuming you start with the Basic account, the trading platform allows users to leverage their trades up to 10x. For a new user, this is the right place to start because a smaller leverage means that the risk exposure is also lower. Fortunately, the affiliated brokers offer tutorials to help you through the first steps of your trading journey.
Key Features of Crypto Code
In this Crypto Code review, we sought to evaluate the key features that make it unique. They include:
The Crypto Code website claims that users can earn around $1,100 per day. It should be noted, however, that we feel this is an unrealistic amount when trading with only the minimum deposit.
The trading robot is reported to deploy the might of its algorithms to find the most relevant market data, which after analysis, should provide useful insights. Certainly, the algorithms seem powerful enough to make the right decision if we take into account the testimonials on the website. But again, users who are just starting out should bear in mind that the more they can learn about both the software and the market in general, the better.
The verification process begins at the registration phase. At this point, it is imperative for new users to supply accurate and verifiable details if the process is to complete. After submitting registration details, a customer service agent will reach out via mail and telephone. Without accurate details, your account might not be activated for lack of verification. Another verification process – which is more detailed – takes place on the broker’s platform. You can only be redirected to a broker’s trading platform after prior verification of registration details. Even then, the broker will need accurate personal details in line with KYC regulations. In addition, you must supply the broker with payment details which will be used during deposit and withdrawal transactions.
The Withdrawal Process for Crypto Code
Withdrawal process starts from you making the request within the trading platform. Users do not have restrictions on the frequency of withdrawals as well as the size of the transaction. However, huge transactions might experience some delays especially when they pop up in the radar screen of regulators. There is nothing to worry if this happens because it is standard practice for regulators to scrutinize large transactions to ensure that money launderers do not slip through their fingers.
Costs and Fees
Trading cryptocurrency with Crypto Code is reportedly quite easy. The only prerequisite is for users to provide correct details to access the platform. The software integrates into the brokers’ trading platforms where it takes over the otherwise arduous trading activities. It watches charts from within the platform after which it determines what decision to take and when to do it.
Crypto Code’s customer service is reachable through mail and telephone. But because the software will be embedded in the broker’s trading platform, you will also need to communicate constantly with customer agents from the broker side. In our case, the broker’s customer service agents were reachable via a Chat function on the website, an email address, and a telephone number. Each set of agents cater to the issues that affect their particular service.
Crypto Code works with thousands of brokers from all over the world to service clients. The software delivers trading automation solutions while the affiliated broker connects the users to the cryptocurrency market. We confirmed the legitimacy of our broker who fell under the Financial Services Authority of St. Vincent and the Grenadines. The fact Crypto Code is associated with notable brokers who have the right licenses boosted our confidence in the legitimacy of the software.
Is Crypto Code a Scam?
After painstaking hours on the internet, we came up with tons of testimonials casting Crypto Code in a positive light. Many of the testimonials were from veterans who have stuck with the software since it appeared on the scene in early 2016. Some users were joyous that the software had transformed their lives. These reasons all indicate that Crypto Code is likely to be a genuine software targeting to introduce people to cryptocurrency trading.
Why Is Crypto Code So Successful?
The first and foremost reason behind the success of the Crypto Code software is the use of complex and efficient algorithms according to the testimonials of its users. It is said that these algorithms have been developed after years of research into market trends and behavioural patterns.
According to the publicly available info, Crypto Code is a result of 5 years of R&D. Out of these, they devoted a full year just for beta testing. With so much effort going into developing the software, it is easy to see why it has gained such popularity. The results from the Beta-Testing phase were highly positive and the company decided to launch the Crypto Code software.
Another reason why traders find Crypto Code software so useful is that it has a very simple interface design. This makes it ideal to be used by experts and novices alike. However, do not get fooled by the simple design. Crypto Code still contains a ton of features that are just right for all kinds of trading practices.
According to the claims made on the website, Crypto Code offers a profit percentage as high as 95 percent. If true, this would place it way above several other leading auto-trading bots available.
So, for any would-be investor and even the more seasoned ones looking for auto-trading bots, Crypto Code seems to be a good option. Another reason for its success is that it offers multiple methods of trading. This means that you can have completely automated trading or you can get personally involved. The choice is yours!
The best way to get acquainted with Crypto Code and its features is to watch the tutorial video. This video is present on their site and showcases the best aspects of the Crypto Code software.
5 Reasons to Use Crypto Code for Trading
Part of our research also focused on the reasons why many people have decided to settle with Crypto Code. We had a feeling something huge must be happening, either in terms of payouts, ease of use or other reasons to which we were not yet privy. We have analysed 5 key points that have been repeatedly highlighted online revealing why Crypto Code could be beneficial to use.
1. Intuitive User Interface
The first thing you see when you open the Crypto Code website is a platform layout that was easy to understand and to navigate. Crypto Code’s user interface also integrates into the trading platform to which the user is referred. The software has a dedicated space where few buttons guide you through setting it up and activation. Whether you are an expert or a noob, Crypto Code is relatively easy to use.
2. Boasts Market-Leading Win Rate
Information from Crypto Code website puts the software’s win rate at a whopping 99.4%. This should be the highest win rate we have encountered. However, we would like to state that the ability of the software to maximise its potential in terms of win rate depends on a number of factors, some of which could be outside your sphere of control.
In the first place, you need to be spot on when setting up the software. Your instructions must be clear and in line with the current market conditions. Secondly, the win rate is possible only if the market behaves in the way the software anticipated.
3. Faster than Manual Trading
The programming prowess that allegedly went into developing Crypto Code manifests when analysing the market and making trade decisions. Powerful algorithms scrape the internet for information such as price fluctuations as well as other data that it deems important within a flash. The interpretation part is even more exciting. The pace at which the software is said to slice and interpret data is beyond the ability of the fastest human hands and brain.
4. Smart Analytics
The analytics process is not only fast but the insights provided are super smart relative to a manual trading process. You have to remember that Crypto Code’s algorithms are based on advanced AI techniques. The smart technology enables the algorithms to learn from their mistakes and to output better insights during every new attempt.
5. Remove Human Error
The biggest USP for Crypto Code is that it claims to take over the trading activities fully. This means the only time that human intervention is necessary is when setting up the trading environment. Because of this, the user achieves two important victories. Lack of human intervention implies that the trading process will never suffer human error. For example, manual traders often get distracted and miss important movements on the chart. The software has nothing else to do other than watching the market for trading opportunities. As a result, users of the software can potentially achieve a lot more consistency.
Advantages and Disadvantages of Crypto Code
Crypto Code review: Our Conclusion
Crypto Code is one of the oldest and most established trading softwares in the market according to online reviews and testimonials, meaning a lot of work likely went into its development, unlike many of the contraptions appearing today. The ability of the software to leap ahead of the market reminds us of other robots we have reviewed such as Bitcoin Aussie System, Bitcoin Rush, and Bitcoin Evolution.
The Crypto Code software outperformed our expectations when it comes to the speed of the process of gathering and interpreting market data. Additionally, Crypto Code completely takes over trading activities, leaving the user with a lot of time on their hands.
In short, the Crypto Code developers seems to have done an excellent job to deliver software that is not only easy to use but advanced enough to improve the trading skills of its users.
Several user testimonials and reviews posted online declare Crypto Code to be an authentic product.
Yes. Users can access Crypto Code across different platforms, which makes it one of the few flexible robots. Smartphone users do not have to turn their laptops on to check the progress of the robot because they can view everything from the small screens on their palms.
From a general point of view, the minimum deposit is $250. However, Crypto Code offers a range of account types that cater to different categories of traders. For example, the minimum deposit for a Gold account is $25,000. Therefore, the first thing to do is pick an account you can afford and then go ahead and fund it to begin your trading journey.
Crypto Code has an inbuilt verification system that is reportedly supported by back-office personnel. Verification starts at the account registration phase, which is instant. Once on the trading platform, you will supply personal details which must be verified to be truthful. Details such as an active phone number, a valid email address, and proofs of residence and payment are required. The entire verification process takes less than 24 hours.
Crypto Code accompanies the robot with plenty of learning materials to guide you through the entire process of setup and operation. But if this is inadequate, you can reach the customer service through email and/or phone. Agents are on standby 24/7 to provide guidance. The platform states that you should receive a reply to any enquiry within 24-hours.