Ethereum Code Review7-min read

The dominance of Ethereum, the second-biggest blockchain network after Bitcoin (BTC), is a plain fact to almost every crypto investor. Vitalik Buterin, the co-founder of Ethereum, has been a leading figure in the ever-evolving crypto industry ever since the mass adoption of said blockchain with retail investors now being able to use the market dominance of ETH for lucrative gains through automated trading bots such as Ethereum Code.

Ethereum Code is a crypto trading bot which makes trading cryptocurrencies way easier for investors who are new to the crypto space or do not want to go through the hassle of placing trades individually. Following a cross-comparison with its market competitors, we can state that this is one of the most reliable bots that we have come across so far.

This trading bot has been around for quite some time and many traders have made significant profits using it with the trading platform having a very simple infrastructure with absolutely no deposit or withdrawal fee and none of the hidden charges present on other similar platforms exist.

In this review, we will conduct a comprehensive analysis to present whether this crypto trading bot is worth it or if there are others out there which might work better for any interested investor. We will also discuss if this trading bot is good for traders who are just beginning their journey in the crypto space.

It is also crucial to note that Ethereum Code was created by a group of anonymous experts in the crypto and securities trading space. These Wall Street insiders, analysts and traders along with finance experts and developers have worked hard to create a decent crypto trading bot.

Although their identities remain unknown, the founders of Ethereum Code have built a sound system to support their customers. It is not uncommon for founders of crypto platforms to remain anonymous.

What Is Ethereum Code?

As noted above, Ethereum Code is an automated crypto trading bot which uses a very refined algorithm to execute trades on the behalf of its customers. Interestingly, this trading bot works by extracting all the market data available from a live market and executes trades using a strategy that would be set by the user initially. The algorithm works in such a way that any crypto coin that the user has purchased, will be sold at higher prices and bought at lower. As the name implies, the Ethereum Code automated trading bot is specifically designed to predict spikes and drops in the price of ETH to place strategic investments accordingly.

While this might sound too good to be true, Ethereum Code works by selling Ether and other cryptocurrencies that the user might select, at higher prices. The upper value is decided as per the values that the given user inputs in their strategy. After practicing with the algorithm a number of times, it becomes easy to make profits by executing proven strategies.

The trading bot also has a wallet which will contain the coins of the users. Therefore, it becomes easy for users of Ethereum Code to get a wallet free of cost which is fully integrated into the trading bot. This being said, we heavily recommend that potential users keep their coins in their own crypto wallet for their own safety.

How Does Ethereum Code Work?

Ethereum Code has been designed in such a way that the trading bot is able to maximize the profit generated in every trade. While this sounds easy, the creators have worked hard to build a robust system that we have tested and found to be working very smoothly.

The trading bot works by processing the real-time data of price movement of cryptocurrencies and it currently supports more than five crypto coins along with Ether (ETH). Moreover, all the supported coins are large cap coins which makes Ethereum Code a genuine platform for genuine currencies not one where scam coins are shilled to users.

It is also crucial to note that Ethereum Code has a success rate of around 88% which means that out of 10 trades placed, 8.8 trades are executed in the favor of the user.

Simple and Effective Model

Ethereum Code works using a simple yet effective model. It first analyses a live chart of a cryptocurrency and then uses the data gathered to predict the future price trajectory that the crypto coin might follow. It then stores the strategies that are profitable and always executive trades when the pattern matches with a successful trade.

The bot analyses the data over a long term to determine the pattern which is profitable. Initially the success rate might not be 100% but with time, things improve.

Contracts for Difference (CFDs)

Ethereum Code mainly supports the Ether community but is also favourable to other crypto coins with large market capitalizations. When the automated trading bot is ready to execute its trades, it does so with the help of financial derivatives called Contracts for Difference (CFDs). These derivatives directly follow the price action of the targeted cryptocurrencies.

CFDs follow the price trajectory of the cryptocurrencies that they represent and therefore, it becomes easier for crypto traders who use the bot, to executive trade and implement strategies as well. Users will have the option to long or short these contracts depending on the situation of the market.

Buying Low and Selling High

Interestingly, if a user initiates a long trade and the price movement follows an upward trajectory, users can book a profit between the opening and closing price. The same is applicable in a short position. On the other hand, if a user initiates a short trade and the price moves down, the users will suffer a loss equal to the difference between the opening and the closing price.

Deposits and Withdrawals

Deposits and withdrawals on Ethereum Code are easy with no hidden charges in between, making it a wonderful tool for beginners in the crypto market. The bot will manage the risk, telling the user when and how much to buy while a third-party broker that the trading bot is in partnership with will be responsible for execution of these trades.

While deposits are made easy via brokers, withdrawals are easy as well. The platform does not impose restrictions on the users and within 24 hours of applying for withdrawal, the user will receive the funds in their account which is simply amazing.

The only delay in withdrawals might be caused by the service providers of the users of the trading bot such as traditional banks and financial firms.

Features

Out of the many features of Ethereum Code, the beneficial ones have been discussed in our review so that potential users of the automated trading bot might get a look at what the hype is all about.

Brokers

When a user will register themselves on the Ethereum Code platform, they will be allowed to choose from a wide range of traditional finance and regulated brokers who have a good reputation in the crypto space.

While most of the brokers fill the expectations of the users, it is crucial to note that some of them might not be available in certain regions.

Demo Mode

For those who remain sceptical about the potential of a crypto trading bot, Ethereum Code has a demo mode which is absolutely free of cost and no strings are attached as well. Moreover, these demo accounts provide a way for users to familiarize with the UI of the platform and get a hold of the features.

Supported Coins

Do not be fooled by the name, Ethereum Code supports multiple cryptocurrencies despite it being focused on Ethereum (ETH). While the bot supports 8 major cryptocurrencies, including Ethereum (ETH), Shiba Inu (SHIB), Basic Attention Token (BAT), 0X (ZRX), Tether, Ripple (XRP), it provides multiple trading pairs to users which opens a huge variety for traders.

High Success Rate

As clear from our review, Ethereum Code has a success rate of around 88% which means that out of 10 trades placed, 8.8 trades are executed in the favour of the user. Now this is a very good measure of the success of the platform and is a major reason why the trading bot has gained a positive reputation across the crypto industry.

Quick Withdrawals

As explained above, withdrawals are quick and there are no delays in processing the same. There are no hidden charges as well, making Ethereum Code a transparent crypto trading platform.

Verification System

All the new accounts created on the Ethereum Code platform must follow the KYC verification process which has been mandated by the government for all the people engaging in financial services. The KYC system requires you to submit an Identity Card like a driver’s license or passport.

As per our review, Ethereum Code has a comprehensive KYC system and it took us only 30 minutes to open an account to deposit the money and execute trades.

How to Sign Up for Ethereum Code

The first step is to register with Ethereum Code as shown in the image below. You need to enter your name, email, mobile number, and create a password that is strong.

Click here to sign up for Ethereum Code

After entering your credentials, you will be automatically redirected to the official Ethereum Code platform for trading and deposits.

Since you’ve made the account, all you need to do is make that deposit and start trading right away!

Security

With a strong KYC system and a secure algorithm, Ethereum Code provides a way for traders to hold their investments in an air-tight environment with no hidden costs. Moreover, the platform is GDPR Compliant and SSL Secure, making it a reliable bot with no cybersecurity weaknesses for hackers to break into.

Customer Support

A customer support line is always available 24/7 and it is very easy to approach them and deal with them. The experts are capable of catering all your needs and will fix any issue that you might be facing in your crypto trading journey.

Legality

While officially, there are only a few countries which have adopted Bitcoin (BTC) and other cryptocurrencies as legal tender, none of the regulators around the globe have deemed crypto trading bots as illegal. This is because such bots have been used by traditional finance companies like BlackRock, which is the largest asset management company around the globe. BlacRock’s Aladdin is a clear example of a large-scale usage of trading bots.

Therefore, under no circumstances can Ethereum Code be declared illegal but it is crucial to note that every user must do the KYC and reveal their income to the tax department.

Taxation

Taxation of crypto earnings is a major issue. Countries like India have implemented a 30% tax on crypto gains and incomes while many countries have a tax rate of 20% on the same. Interestingly, countries like South Korea believe that crypto gains won’t be taxed until a proper legislation for investor protection has been drawn.

Conclusion

Ethereum Code is a compact automated trading bot with massive capabilities and a very simple user interface with strong security features. The platform supports multiple crypto coins which enables users to make use of many trading pairs and set up additional strategies for their pairs as well.

The trading bot has positive reviews from its existing users and the testimony of all those who have used Ethereum Code reveal that the platform actually works. The success rate of the bot is higher than most of its competitors and high enough to help users make immediate profit.

Users are also provided with the option to withdraw their profit daily which is another benefit of Ethereum Code. The platform has partnered with regulated and trusted third party brokers and a strong KYC verification system has been placed for the benefit of users.