You’ve probably heard the saying that if something seems too good to be true, it most likely is. Does that age-old advice apply to a platform like Ethereum Code? Ethereum Code is a platform designed to speculate on Ethereum. In case you’re new to cryptocurrency, Ethereum is a decentralized, blockchain-based software platform that enables the use of smart contracts and distributed applications. The currency of the Ethereum blockchain is Eth, one of today’s top cryptocurrencies. The Ethereum network is designed to run without any downtime or third-party interference.
Ethereum is a hot commodity these days, which makes now the perfect time to get into trading. The purpose of the Ethereum Code is to help users generate profits automatically without having to worry about performing technical analysis. Since there’s a lot of controversy surrounding this platform, we decided to test it out for ourselves. Along with showing you how the application works, we’ll also share general information about the service, its website, and its creator, Mark Weston.
- Fully automated trading
- Very high win rate
- For both large and small traders
200$
Min Deposit
Ethereum Code: Is It Legitimate?
- We explored the app itself as well as reviews from its users, and we determined that it appears to be legitimate.
- Ethereum Code’s operators use a broker to handle payments, which means you don’t have to pay them directly and therefore don’t have to provide your credit card or other sensitive information.
- Beginner traders are advised to try out the demo platform and carefully read the user guides before starting.
- Beginners can also lower risk by starting out with a minimum deposit of $250.
The Origins of Ethereum Code
Ethereum Code is a crypto bot that is currently in the beta-testing stage. It uses a trading algorithm to make profitable trades for its users. Every active trader knows that to be profitable, you must always be watching the market and taking advantage of its volatile nature. That usually involves a lot of time and strategy.
The Ethereum Code app does the work for you. After you sign up and get started, all you’ll need to do is monitor the bot’s performance.
The Ethereum Code website features a video that shows the app’s creator and CEO, Mark Weston, discussing the app’s origins. Weston, a former accountant, shares that he created the app while working an office job for a global software company. A colleague was an early Bitcoin investor who made thousands of dollars from the popular cryptocurrency. Seeing a friend have such amazing success inspired Weston to enter the exciting world of automated crypto trading.
After trying out many trading bots, Weston realized that the majority of them were scams. Either they didn’t work at all, or they worked in a way that seemed engineered to cause losses for the user. Weston decided to create an auto-trading bot that worked. That was when he began brainstorming the initial plan for Ethereum Code.
- Fully automated trading
- Very high win rate
- For both large and small traders
200$
Min Deposit
How Ethereum Code Works
Ethereum Code uses cloud technology along with advanced algorithm technology to scan the markets many times per minute. This process, which occurs 24 hours a day and continues every day of the year, is what enables the app to generate profits for users. It’s fast, so there’s no lagging during important trades. You won't have to download anything to use the application.
Operators of the app claim that users can earn as much as $3,000 a day. Another big claim is that all the profits you can make are tax free. You should be cautious about believing these statements. They may not be totally false, but they are only true in certain circumstances.
For example, while the profits might be tax free in some countries, others may tax your profits. Cryptocurrency is a very new space, and world governments are still making decisions about how they’re going to handle the issue. It’s important to point out that even if your profits are tax free today, that may change in the future.
Every trader is going to have a unique experience, which is why blanket statements and promises of big money should always be taken with a grain of salt. This doesn’t mean the owners of Ethereum Code are lying to you. They’re more likely just taking their best results and sharing them with their users. What’s possible in a bull market is less likely to occur when the market is down. You’ll need to adjust your expectations accordingly.
Weston’s views on Ethereum are certainly true. There are many people in the world today who are rich because of Ethereum. Either they made an investment at the right time, or they made profits from daily trading. While some auto trading bots aren’t profitable, we don’t see anything on the Ethereum Code website that indicates it’s a scam.
Our Test of Ethereum Code
Now that we’ve given you an overview of the app and its origins, let’s get into our own test. We created an account at Ethereum Code and got started with the demo platform. It uses the current market conditions, but you trade with virtual currency. This can help the user get familiar with the platform.
As we mentioned, this is a cloud-based app. That means you can use it without ever downloading anything. All you need is an account. You simply start the bot by clicking the “live” button, and it does all the work for you. This is a notable positive about this platform. Many of the other trading bots require that you set up a strategy beforehand. With Ethereum Code, your only responsibility will be keeping an eye on what the bot is doing.
Please remember that our review of Ethereum Code is based on the usage of the demo platform. We have not tried using the bot to trade with real Ethereum. The operators of the platform use settings that have worked for them in the past, so there’s no reason to believe the demo version would be any different than the real version. We’re just mentioning this in the interest of transparency.
- Fully automated trading
- Very high win rate
- For both large and small traders
200$
Min Deposit
Ethereum Code: Step by Step
1. Register Your Account for Free
Getting started on Ethereum Code is easy and free. On the homepage, you should see the words “start now” on the right side of the screen. Fill in your name and email before going to the next page, which will ask for more information. After you fill out the form, you’ll proceed to the next step.
2. Try the Demo
Make sure to test out the demo platform before you try the real thing. There’s no reason not to. It’s the best way to learn how the platform works. Reading reviews can help you learn about something, but you really need to test it out for yourself to get a feel for it. Since the market conditions are changing by the minute, you’ll need to test the demo bot in the current conditions to see how it may work for you.
To start demo trading, look for the phrase “go to demo” on the left side of the screen. The site operators will credit your account with $1,500 of pretend money. Click the red “off” button under “Auto Trading.” This will begin the automated trading process. It’s wise to allow the demo bot to trade for at least 20 to 30 minutes to gain an understanding of how it works.
3. Deposit Money
When you feel comfortable with the demo platform, you’ll be ready to try the real thing. To do so, you’ll need to make a deposit. Understand that this deposit is simply putting money into the system for you to trade with. The use of Ethereum Code itself is free.
First, click the “go to live” button on the left side of the screen. This will take you to the live trade area of the platform. You should see a “deposit” button under the section for current brokers.
Once you click to deposit, a waiting period will begin. You’ll need to be patient and wait until Ethereum Code’s operators reach out to you. When they do, they’ll provide step-by-step instructions on how to make your deposit.
Payments are not made directly through the site. They instead use an outside broker who accepts both credit and debit cards. Be sure to decide on a payment method ahead of time. That way, you’ll be ready to start trading right off the bat.
4. Begin Making Trades
You’ve learned about the platform, tested the demo, and deposited your funds. You’re finally ready to begin the automated trading process! There’s a waiting period before you can deposit your money, but once it’s in your account, you’ll be able to begin making trades right away.
Using the live trading platform is as easy as using the demo platform. Find the red “off” button under “auto trading” just like you did before. Click it, and the bot will begin making trades within seconds. You’re now using real money, so be sure to keep a careful eye on the bot! As you see how it works and get used to the process, you might feel comfortable letting it run on its own for periods of time. In the beginning, we recommend you always keep an eye on it.
- Fully automated trading
- Very high win rate
- For both large and small traders
200$
Min Deposit
Standing Out: What Makes Ethereum Code Different from Similar Platforms?
With so many different trading applications and bots out there, it can be difficult to figure out which one to use. During our review, we discovered a few things that make Ethereum Code unique.
One of the best things about this platform is its ease of use. It’s simple and intuitive, which makes it the perfect option for someone new to automated trading. Since we didn’t test out live platform, we can’t comment on whether it’s user friendly or not. However, we have every reason to believe it’s exactly like the demo platform.
The bot itself appears to be quite skilled at determining which trades will be profitable for the user. They offer fast withdrawals, so you won’t have to wait to access your money after you make a few successful trades.
- Fully automated trading
- Very high win rate
- For both large and small traders
200$
Min Deposit
FAQ About Ethereum Code
How Much Can I Make?
According to the app’s operators, the sky is the limit, and many users make several thousand dollars each day. In a bull market, you’re obviously going to have an easier time making a profit. That doesn’t mean it’s impossible to make a profit when the market is down. With trading, it’s all in the timing. Therefore, we are unable to provide a certain figure. The market conditions at the time your bot begins making trades will determine your results.
Why Did Mark Weston Decide to Create Ethereum Code?
We haven’t spoken with Weston ourselves, so we can only speculate based on the information he has provided on the website. It seems that his intentions are pure. Weston could see that trading Ethereum was profitable for many people, and he wanted to create something to make the process easier.
Weston has also stated that, in his opinion, Bitcoin is less profitable than Ethereum. Although this matter is up for debate, Weston feels that the Ethereum blockchain is more innovative and secure. For that reason, he chose to create a platform focused on Ethereum.
How Can a Bot Accurately Predict the Price of Cryptocurrency?
The simplest answer to this question is that it can’t. No one really can. If they could, everyone would be rich, and no one would ever lose money through crypto trades. Even expert traders who’ve been in the crypto space for some time are unable to make accurate predictions.
This doesn’t necessarily mean Ethereum Code won’t ever be accurate. As we mentioned, we had a success rate of 70 percent during the demo. Nothing is accurate all the time, but the bot does a good job of making predictions. This is because the lightning-fast technology can determine what’s happening with the current market. It most likely does a better job than you would do on your own, especially if you’re still developing an understanding of the market.
Are There Other Platforms Like Ethereum Code?
There are a wide variety of crypto bots out there. Maybe you’re not interested in Ethereum, but you’d like to find a similar software for your preferred cryptocurrency.
Not all trade bots are legitimate. We’ve reviewed a few and found them to be worthwhile. A couple of options include:
- Bitcoin Code, which is quite similar to Ethereum Code.
- Cryptosoft, which works for a variety of cryptocurrencies.
The Overall Verdict: Should You Try Ethereum Code?
Is Ethereum Code legit? Should you try it? Only you can decide that. If you look over all the information we’ve provided, you should be able to come to a logical conclusion.
One reason we believe Ethereum Code is legitimate is the website. We think it’s decent, especially compared to websites for similar trading apps. Some of them make outlandish claims about huge profits that can’t possibly be true for the average user. That’s always a red flag of a scam. Although Ethereum Code’s operators do discuss how much it’s possible to make using the app, they don’t make any false promises. That’s a good sign.
We also liked that the website has information about the app’s creator, Mark Weston. The fact that Weston is willing to show up in person to back his creation is a good thing. The website explains that Weston created the app to capitalize on the growing Ethereum market. His motivations seem honest and believable.
We looked at all the data we were able to gather using the demo platform. We determined that we had a success rate of almost 70 percent. Ethereum Code’s bot seemed to work without any issues. It began making trades and generating profits right away.
Our final verdict is that Ethereum Code is legitimate. However, in the interest of caution, we feel you should avoid depositing more than you’re willing to lose. We recommend you stick to the minimum deposit of $250. Anything more is going to create unnecessary risk.
We hope you found our review of Ethereum Code helpful. Are you ready to test it out for yourself? Please let us know your results if you give it a try. If it doesn’t sound like your cup of tea, don’t worry. As we already mentioned, there are many other legitimate crypto bots out there.
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