Ethereum Code Review 2021 – Scam or Not?
Most trading robots that we look at here tend to only help users trade Bitcoin. Bitcoin is the largest and market-leading cryptocurrency, so that’s not much of a surprise.
However, it means that other major cryptos, like Ethereum, tend to get left behind when we’re dealing with this type of technology.
So, when a trading system that claims to work for something like Ethereum comes along, we’re always excited to try it out.
We’re going to go over everything you need to know about Ethereum Code – how to use it, is it a scam, pros and cons, and more.
- 1 Ethereum Code Review 2021 – Scam or Not?
- 1.1 Is Ethereum Code Legit?
- 1.2 What is Ethereum Code?
- 1.3 How Does the Ethereum Auto Trader Work?
- 1.4 How to Trade with Ethereum Code
- 1.5 Key Features of Ethereum Code
- 1.6 Ethereum Code Pros and Cons
- 1.7 Last Word
Is Ethereum Code Legit?
There are a lot of bots out there that don’t work and are designed exclusively to try and cheat people out of their money.
There are a few telltale red flags we look out for when analyzing trading bots, none of which appear with Ethereum Code.
There are no insane promises or sketchy business dealings; everything is fully above board. The system is built well and, from everything we can gather, is completely legit and perfectly safe for you to use.
What is Ethereum Code?
Ethereum, for those that don’t know, is an altcoin that is the second market leader, only being beaten out by Bitcoin.
It’s the most popular non-Bitcoin alternative for several reasons, one of the biggest of which is the fact that it can transfer payments faster and is built on more versatile technology.
Ethereum Code is an automated trading platform that lets you trade in Ethereum without any of the technical knowledge needed to use mainstream brokers. It completely automates your trades, taking all of the difficulty out of the equation.
How Does the Ethereum Auto Trader Work?
The Ethereum automatic trading bot works differently from a lot of Bitcoin bots you might be familiar with. There are no lavish promises of technology that is faster than the markets themselves or anything like that.
Instead, Ethereum Code works by simply running through some price data calculations, estimating how the market is going to move, and executing your trades accordingly.
It’s a system that is quite simple compared to a lot of the Bitcoin platforms out there, but that’s both a positive and a negative.
It means that Ethereum Code isn’t built with technology as powerful as those competitors, but it also means that it is significantly easier to use.
All you have to do, once you’ve set up your account and made a deposit, is fill in some numbers to verify your position. These are limits that you want the Ethereum Code trading bot to act within.
Once the market and the bot match up with those conditions, your trade is executed. You don’t even need to be by your laptop to trade; the system does it for you.
How to Trade with Ethereum Code
With most of the mainstream Ethereum and Bitcoin trading brokers, the signup process is long and arduous. It can take several days for you to get your account verified and even longer for your deposit to go through.
Thankfully, that isn’t the case with Ethereum Code, as the platform streamlines the registration process, making it much easier to start trading.
Rather than filling out page after page of data, giving your ID, Passport, proof of address, and more, Ethereum Code only needs your email address and your phone number.
Once you fill that information in, the system sends you a confirmation email to make sure you got the data right. There is a link in that email which, once you click it, activates your account and brings it online.
That’s all there is to register for an account with Ethereum Code. It doesn’t take more than five minutes which is a massive improvement over the several-day-long affair of creating an account with mainstream brokers.
Once your account is online and ready to trade, you need to fund it. The minimum deposit on Ethereum Code is $250, which is the industry standard for cryptocurrency trading bots.
This number gives you a solid foundation to start trading off of but isn’t so high that it presents an unreasonable risk.
Of course, you can deposit as much as you want over that number, but the team here recommends you start out with the minimum amount to make sure you actually enjoy trading Ethereum instead of Bitcoin.
While most trading bot providers don’t have control over how long money transfers take, Ethereum Code does its best to make sure your deposits meet little to no resistance once you make the transfer.
There is a multitude of deposit methods available to you, and the transfer shouldn’t take any longer than one or two business days.
3. Set Up Your Position
When your funds hit your active account, you’re ready to start trading Ethereum. The first thing you need to do is set up your market position in your trading dashboard.
Your market position gives the Ethereum Code bot a set of rules to follow when it trades on your behalf. It prevents it from spending too much of your money on certain trades and certain positions, ultimately giving you control of your trades.
You set things like how much you want to invest, at what price you want Ethereum to be at before the trade executes, and so on.
That’s all there is to it. Once your position is defined, all you have to do is hit trade, sit back, and watch Ethereum Code work its magic.
You don’t even need to stay logged into your account for the bot to trade for you. You could close your computer down and not come back until next week.
Although, the team here recommends that you check in with your accounts at least once a day for five minutes regardless of what or where you’re trading. That way, the crypto market is never going to catch you off guard.
Key Features of Ethereum Code
The most important part of the Ethereum Code trading platform is the fact that it automates all of your trades. There’s no need to sit glued to your screen watching the market move to pick your point of entry. That’s a thing of the past.
This automated trading bot is always online thanks to Ethereum Code’s servers. It doesn’t matter if you have an internet connection, electricity, or access to a computer; once your trade has been defined, the system is going to execute it for you.
Moreover, this is going to save you a ton of time compared to trading Ethereum conventionally. Not only does it let you leave your account alone, but it makes sure you don’t need to have crypto knowledge to make use of the software.
Ethereum Code Simplifies Ethereum
Ethereum is one of the more complicated cryptocurrencies out there. Bitcoin is more suited to storing value and transferring funds, whereas Ethereum has a blockchain that is built to help other blockchains thrive.
It’s significantly more technologically advanced than Bitcoin, meaning it’s much harder to get involved in the market.
Ethereum Code solves that problem for you. While the trading algorithms aren’t advanced as a few we’ve seen, they get the job done all the same.
The system analyzes trading data from the past and present to make predictions about the future at a reasonably successful rate. It does the calculations for you, meaning you don’t need to know a thing about Ethereum in order to invest.
Withdrawals and Deposits
Withdrawing and depositing with crypto trading bots is something that we pay special attention to. This is a critical point in the trading process as it defines when money moves between user and platform. Therefore, it’s imperative for all trading system providers to provide fast transfers in order to be competitively viable.
Ethereum Code does what it can in that regard. There are plenty of deposit methods available to you, so you should never be stuck without a way to get your funds into your account.
The time that it takes for that money to reach your account is fairly standard, but that’s through no fault of Ethereum Code. Your bank has more control over that speed than anything else.
Withdrawals are very much the same ordeal, except for the fact that it is a faster process than withdrawing Bitcoin.
Ethereum transfers are faster than Bitcoin transfers by a significant margin. Not only are there fewer transactions moving through the Ethereum blockchain compared to the Bitcoin blockchain, but the system is designed to make verifying those bits smoother for miners.
A lot of Bitcoin trading bots are loaded with hidden fees that you don’t realize exist until it’s too late. There are too many systems out there that charge you a subscription fee, deposit fee, trading fee, and withdrawal fee.
By the time you actually make your trade, you’ve already lost half of your funds to the broker. Thankfully, Ethereum Code doesn’t do that at all.
The only time this system ever asks you for money is when you’re making your first deposit, and you get to keep 100% of those funds.
This makes Ethereum Code not only one of the smoothest but the most affordable Ethereum Trading platform on the market.
Up until this point, every single trading bot out there was designed for Bitcoin and only Bitcoin. That was until this system came along.
Regardless of whether you have any interest in Ethereum or crypto beyond using it to make money, the fact that we are now seeing bots being built on other blockchains is very impressive and a massive step in the right direction for the automation of cryptocurrency trading.
Ethereum Code Pros and Cons
That’s all we’ve got for you. We’re big fans of the work Ethereum Code is doing, and we couldn’t recommend the platform to you enough.
If you’re looking for a viable alternative to Bitcoin trading, then with Ethereum Code, your search is at an end.