Bitcoin Code
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
Bitcoin Code is not regulated by any recognized financial authority. Multiple consumers have reported losing money to this platform. If you have been contacted by this platform, do not send any money.
What is Bitcoin Code?
Bitcoin Code claims a former Google employee created an algorithm that mines profits from Bitcoin markets. It has been flagged by regulators in multiple countries.
Red Flags
Claims creator was a Google employee (unverifiable)
Promises $13,000 daily profits
Has been warned against by FCA, CONSOB, and other regulators
Uses fake live trading results
Aggressive phone sales team
No transparency about fees or how funds are managed
How the Scam Works
The scam uses a polished website with a fake live feed showing profitable trades. After depositing, users are assigned to a broker who manipulates the platform to show initial gains. When the user tries to withdraw, various excuses are used to delay or deny the request while pushing for more deposits.
What to Do If You've Been Scammed
Stop all communication with the platform immediately. Do not send any more money. Document all transactions, emails, and screenshots. Report to your local financial regulator and police. Contact your bank to attempt a chargeback on credit card payments. Be wary of 'recovery' services that may be secondary scams.