Biticodes Review – Is it Scam? – Trade Bitcoins
Introduction
Biticodes is a cryptocurrency trading platform that allows users to buy and sell Bitcoins. In this review, we will take a closer look at Biticodes and determine if it is a reliable platform for trading Bitcoins.
Background on Bitcoin Trading
Bitcoin is a decentralized digital currency that allows users to make transactions without the need for a central authority. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Since then, Bitcoin has gained popularity as a form of investment and payment.
Bitcoin trading involves buying and selling Bitcoins through a trading platform. Traders can profit from the fluctuations in the price of Bitcoin by buying low and selling high.
Biticodes Overview
Biticodes is a cryptocurrency trading platform that allows users to buy and sell Bitcoins. It was founded in 2017 and is based in the UK. Biticodes aims to provide a user-friendly platform for trading Bitcoins.
Features of Biticodes
- User-friendly platform
- Two-factor authentication for added security
- Advanced trading tools for experienced traders
- Mobile app for trading on-the-go
Advantages of using Biticodes
- Low trading fees
- Fast transaction processing
- Excellent customer support
Biticodes Registration and Verification Process
To register on Biticodes, users need to provide their name, email address, and phone number. Users also need to create a password for their account. After registration, users need to verify their account by providing a government-issued ID and proof of address.
Requirements for verification
- Government-issued ID (passport, driver's license or national ID card)
- Proof of address (utility bill, bank statement or tax document)
Biticodes Trading Process
To trade on Biticodes, users need to deposit funds into their account. Biticodes accepts various payment methods, including bank transfer, credit/debit card, and e-wallets. Once funds are deposited, users can buy and sell Bitcoins through the platform.
Trading options available on Biticodes
- Market order: Buy or sell Bitcoin at the current market price.
- Limit order: Set a specific price to buy or sell Bitcoin.
- Stop order: Automatically sell Bitcoin if the price falls below a certain level.
How to buy and sell Bitcoins on Biticodes
To buy Bitcoins on Biticodes, users need to select the amount they want to buy and the payment method they want to use. Once the payment is processed, the Bitcoins will be credited to the user's account.
To sell Bitcoins on Biticodes, users need to select the amount they want to sell and the payment method they want to receive the funds in. Once the transaction is processed, the funds will be credited to the user's account.
Biticodes Fees
Biticodes charges a trading fee of 0.25% per transaction. There are no fees for deposits or withdrawals. However, users may be charged fees by their payment provider.
Biticodes Security Measures
Biticodes implements several security measures to protect user accounts, including two-factor authentication and SSL encryption. Biticodes also stores the majority of user funds in cold storage to protect against hacking and theft.
To keep their accounts secure, users should use a strong password and enable two-factor authentication. In case of a security breach, users should contact Biticodes customer support immediately to report the issue.
Biticodes Customer Support
Biticodes provides several types of customer support, including email support, live chat, and phone support. Response times for customer support vary depending on the method of contact.
Biticodes Reviews and Feedback
Reviews and feedback from Biticodes users are generally positive. Users appreciate the user-friendly platform, low fees, and excellent customer support. However, some users have reported issues with slow verification times and occasional technical issues.
Conclusion
Biticodes is a reliable platform for trading Bitcoins. The platform is user-friendly, and fees are low. Biticodes also provides excellent customer support and implements several security measures to protect user accounts.
Frequently Asked Questions (FAQs)
Is Biticodes a scam?
No, Biticodes is a legitimate cryptocurrency trading platform.
Is Biticodes regulated?
No, Biticodes is not regulated by any financial authority.
How long does it take to verify an account on Biticodes?
Verification times vary, but it typically takes 1-2 business days.
What is the minimum amount required to trade on Biticodes?
There is no minimum amount required to trade on Biticodes.
What payment methods are available on Biticodes?
Biticodes accepts bank transfer, credit/debit card, and e-wallets.
How does Biticodes ensure the security of user accounts?
Biticodes implements two-factor authentication and SSL encryption. The majority of user funds are stored in cold storage.
What is the customer support response time on Biticodes?
Response times vary depending on the method of contact.
Can I withdraw my Bitcoins from Biticodes?
Yes, users can withdraw their Bitcoins from Biticodes.
Does Biticodes offer a mobile app?
Yes, Biticodes offers a mobile app for trading on-the-go.
Can I trade other cryptocurrencies on Biticodes?
No, Biticodes only supports trading Bitcoins at this time.