Bitcoin Code Review, SCAM Bitcoin Code App Exposed!

Binary Scam Alerts » Bitcoin Scam Reviews » Bitcoin Code Review, SCAM Bitcoin Code App Exposed!

Bitcoin Code Review, SCAM Bitcoin Code App Exposed!

Posted on by Patrick Jones

The Bitcoin Code software and trading robot (not to be confused with BTC Robot) by Steve McKay is a deceptive SCAM and we blacklisted this fake Bitcoin Code app in our factual and impartial review and investigation. If you were misled by this band of crooked affiliate marketers and would like to complain, you are definitely not the first. Our complaints hotline received multiple grievances in regards to the Bitcoin Code scheme, and all of them are justified and provide us with as much proof and evidence as needed in order to validate our suspicions. A word of caution, this financial scam has nothing to do with any form of cryptocurrency, least of all Bitcoin. This is a vile plot which is was contrived by unethical online promoters and filthy offshore brokers with the sole intent of defrauding and stealing money from unsuspecting opportunity-seekers. These rip off artists are particularly successful because they are exploiting the recent surge of Bitcoin popularity, and in this context employing a kind of piggyback strategy designed to get you to drop your guard and buy into this Bitcoin cryptocurrency scam. Our staff immediately spotted this get-rich-quick scheme and right away we understood there’s nothing legit or genuine here, besides the intent of the crooks pulling the strings behind the scenes to defraud you and fleece your wallet. Keep reading to see how we exposed these charlatans and why we believe the Bitcoin Code is a dangerous and confirmed financial scam.

Official Website, Login Page, and Members Area: http://thebitcoincode.com/

Proof of SCAM
Below you will see a picture of “Steve McKay”, the “Genius behind the Bitcoin Code“. Right next to it you will see a picture of a “handsome businessman working with a laptop”. It’s very plain to see that McKay is a fictional character which does not exist. His picture, as well as that of “Chris Hadid’s” were both stolen from the internet without consent. Hadid is actually a French Anthrolologiest named Jean Edouard Gresy and when we messaged him about his picture being stolen he called his lawyer about a law suit.

Quick Update: We have recently published a YouTube video in regards to the Bitcoin Code Scam. We believe it is worth watching and listening to as it encapsulates the spirit of our review and also provides additional insights from a more personal perspective. We also published a follow up review. Please make sure to read it and see how the scam works.

Moving along, here we see a fake testimonial by a cheap fiverr actor named hanoi66. In this gig the performer is spewing lies about how he invested $250 and made thousands of dollars in a matter of days.

And here is the last nail in the coffin. When you finish the registration process you are not referred to a legit bitcoin exchange or blockchain mining platform. Instead you are referred to some crappy offshore broker (in our case it was option 888) who will spare no expense at manipulating you into funding a rigged trading account.

Bitcoin Code Software Review
The sales video starts by saying that in the past 90 days 3 people have had their lives change after investing in bitcoin. Then it goes on to say that over $13,837 were cleared into the bank accounts of new Beta Testers during the last  24 hours only. And now it’s your turn to join the Bitcoin Code!

Then we have the infamous banjoman15 lying through his teeth about how much money he made through this software while trading Bitcoin, and now he is on his way to becoming a millionaire for the first time in his life during the next 30 days.

Bitcoin is the “new opportunity on the horizon”, but you will only be able to profit if you are one of the early investors. This is why this offer is for action takes not tire kickers, so you must move quickly before this opportunity passes by and you are left with nothing except a hefty portion of “regret and frustration.”

Who is Steve McKay?
A software developer turned investor turned millionaire-maker. He was NOT featured on Forbes or CNN (we checked it), and the 100 Million Dollar man is a pure invention. According to the story 3 years ago he knew nothing about investing, he was just a developer working for a Wall Street firm. One day his boss asked him to work on a new bitcoin software for rich clients. Turns out his boss tricked him into inventing his personal ATM software (a virtual cash cow). Eventually McKay tried it for himself and since then he never had to worry about money again. Now he is giving it away to 25 new beta testers because it’s his dream to create new millionaires.

Life Changing Opportunity?
Not really! $550 an hour, every hour for the rest of your life! In reality this is a binary options scam which uses bitcoin as bait. Don’t fall for it, and don’t say we didn’t warn you because you will end up having your money stolen. We have all the classic tell signs including hyped-up and exaggerated claims of easy money, inflated bank accounts, fake testimonials, and just outright lies. The narrative is also thin on content and does not make much sense. No one explains how this new app works and what are the risks which are involved.

Is it Free?
No, and they even say it costs at least $250 so that’s the only fact they didn’t lie about. The rest is full of fabrications and half-truths.

Fake Reviews
We are actually one of the first ones to review the Bitcoin Code, so there is not much out there just yet. But give it a few days and we are sure you will find some “reputable website” which will write a favorable review for a decent bribe in the form of commissions or just a flat fee.

How To Differentiate Between a Legit Bitcoin Exchange and a Scam
When investing in BTC one has to search for a reputable broker or exchange like Bitmex, Cryptopia, or BitFinex. The way Bitcoin investing really works is in many ways similar to Forex. You can either trade the margins and profit based on market price changes, or alternatively purchase Bitcoins for a fee from a licensed brokerage and then sell or hold on to it according to market rates and fluctuations.

The Bitcoin Code is neither of the two, hence it is a SCAM by definition. The way it works has nothing to do with market feeds or advanced trading algorithms. What you have in place are sneaky brokers who are simply adding another fake asset to their offering and are in essence controlling the payout percentage. In other words, they are manipulating the trading software (which is totally rigged) so you would lose your money and they can collect your losses. That is the essence of what Bitcoin Code is about. If you really want to invest in Bitcoin just leave a message below and we will point out a few legit options.

Viral Scams Trending
The hot scams trending these days are Quantum Code (as usual) and Binary Robot 365.

Signals Versus Trading Robots
If you are deliberating and not quite sure then you are definitely not alone. Our staff of diligent researchers has combed the internet in search for the best and most consistent money-producing apps as well as profitable crypto systems. We have shortlisted the few we believe to be worthy in our recommended section, so feel free to check it out.

Review Summary and ConclusionsConfirmed Scam Without a Doubt!
The Bitcoin Code app and automated trading software by Steve McKay is sleazy investment scam designed to bait innocent day traders and trick them into registering with and funding trading accounts under false pretenses. Don’t even think about joining this thieving program, and don’t say we didn’t warn you about it. If you do decide to test the waters and divulge your financial information such as credit card number, you should not be surprised if you are overcharged or alternatively receive an inflated credit card statement with strange charges. The people operating this SCAM are professional con artists specializing in identity theft, credit card fraud, and software manipulation. The second you deposit your account balance will most likely disappear so you can kiss your money goodbye. If for some reason you believe the Bitcoin Code to be legit or genuine, then maybe online trading is not for you and you should probably be doing more research about other ways to make money online. To finalize, once again we have no choice but to blacklist this cheating software and refer our members to more reputable systems. Don’t forget to join our  Facebook Page and YouTube channel for more updates.

Tagged with:
  • George

    This is just crazy, using Bitcoin to lure people?! I’m sure a ton of people are falling for this. If I understand Bitcoin I know I would have fallen for it to!

    • Hi George, Bitcoin Code is a fraudulent piece of trading software. The so-called CEO of the Bitcoin Code App claims he has made about $100 million dollars using his software. If you believe this then you will most likely be suckered into investment scams, and Bitcoin Code is a cheap one. We are familiar with these dubious crooks and know exactly who they are and how much money they have stolen in the past. Bitcoin Code is just the latest in a string of financial scams designed to bait, victimize, and lure innocent opportunity-seekers into a web of lies and deception in order to fleece their wallets. Again, making money on the Bitcoin cryptocurrency is possible, but this hoax is nothing but a dirty ploy masterminded by cyber-criminals. We urge you to refrain from buying into this bogus app and move on to other more genuine trading software.

      • romel

        Yesterday I just did create and funded my account in bitcoin code, I’m not expecting what happens next, my account is continuously deducting even if I didn’t do any trading yet, I try to speak with their broker partner and they are just saying that is part of the trading activity, but upon checking my bitcoin code account, it show’s that I didn’t do any trading yet. now I realize that I’ve been scammed. too bad for me

  • Dylan

    I think what gets people is that little word guarantee. He guarantees $13,000 is 24 hours. Guarantee is like a promise or you get your money back…but i guess thats not the case here.

    • Hi Dylan, nothing is guaranteed and this is a bogus Bitcoin offer. These crooks are trying to ride the latest Bitcoin wave of success and in this context bait potential traders. There is a huge difference between a legit bitcoin exchange and bitcoin trading as opposed to what we are seeing here with the Bitcoin Code and Steve McKay. A real BTC exchange will charge you a fee for buying cryptocurrencies, and then you have the option of selling the currency or holding on to it depending on your evaluation of the market. Mining bitcoin is in reality a profession, and there are people who have made millions and retired since then. Satoshi Nakamoto may be real or imaginative, but the amount of Bitcoin Millionaires which have been produced during the past 2-5 years is staggering. We have had a lot of discussions about how to invest in BTC, Bitcoin Mining, BTC price index, AND BTC TO USD spreads and margins. There are a few brokers that offer BTC at reasonable exchange rates, and we keep checking them constantly. So if you want to buy BTC or invest long or short term please message us because we have done all the research and will surely save you all the headache and cut down the learning curve to make sure you get the best margins on your contracts. Just make sure to avoid Bitcoin Code, we know it is an investment scam.

      • Dylan

        Ive heard of mining bitcoin but have no idea what that means. Do you know? I dont want to get caught by one of these scammers

        • Hi Dylan,
          Bitcoin mining is the means by which transactions (purchases and sales of the cryptocurrency) are validated and calculated (added or deducted) in the public ledger (AKA block chain). This is also how new bitcoins are released into the market. if you have internet access and some startup money you can start mining. This is the real Bitcoin Code, and it has nothing to do with Steven McKay or the scam brokers introduced here. There are more technical explanations available on sites like github or stackoverflow, but unless you are a programmer it would not make sense.

  • Nikita

    I have to admit, the site looked legit to me and my gaurantees didnt come through ☹

    • Hi Nikita,
      Of course it looked legitimate, they are exploiting the latest Bitcoin craze. People are confusing the real Bitcoin success stories with this piece of crap and that is why they are successful at baiting potential opportunity seekers.

  • Nathan

    The pictures used for these so called reviews dont look like normal pictures a person would use for their accounts. Must be stock photos?

    • Hi Nate,
      Yes, its stock photos or alternatively some pictures that were stolen from real profiles without the consent of the real person.

      • Nathan

        Stolen pictures? Wow i didnt even think of that. People will steal anything these days, wont they?

  • Ed Klosic

    Those people out there that write fake reviews are just as bad as the people running this scam.

    • Hi Ed,
      Yes I agree. There are some fake reviews in regards to the Bitcoin Code and Steve McKay. That is a shameful and despicable act.

  • Steve Mathews

    Wow just how hard is it to find these prople advertising on these other sites?

  • Grace J.

    Has anyone gotten their money back from this?

    • Hi Grace,
      The Bitcoin Code is just awful and people are not being able to cash out their money or winnings. We can’t overstate how much of a scam this system is Bitcoin Code has been explained by our staff extensively in 2 in-depth reviews and investigations. It is totally blacklisted and that is a fact, please avoid it and never deposit any money.

  • DanThePipMan

    Hi Pat,
    I had joined this Bitcoin Code program and had someone calling me every day from an unregulated broker named VCTrader for the past week. I invested around $400 and lost everything in about 4 hours give or take, but thats not the worst part. It’s my fault for not doing my due diligence, but when I saw my credit card bill I was shocked to see that I was charged for $2,500. When I tried contacting these people they told me in a very threatening way to keep my mouth shut, but I don’t like being threatened so I called up my bank manager who also happens to be my friend. We had drinks and these guys are being reported to the local police. The bitcoin code ended up to be a classic bait and switch scheme, and my account manager Jeremy Hill turned out to be a scammer and liar. This is not what I had planned, but it seems the bank will report them to the local government here and they will not be able to accept credit card transactions any more since they will be blacklisted. Im just sorry I saw this after making the mistake of joining the Bitcoin Code, I should have know it was too good to be true but could not resist it. Anyways, I appreciate you taking the time to warn people like me. Thanks, Dan

    • Hi Dan, you are not the fist and probably not the last to get scammed by the Bitcoin Code. There’s no way these crooks will not go unpunished for their crimes, its just a matter of time. Anyways, thanks for letting us know and please PM me and we will try to get your money back. TY Pat

  • hartietina9atgmaildotcom

    I registered with vix500 it all started well, first few withdrawals came through with no delays so I deposited more money. I haven’t heard from them and I’m getting worried. I have a lot in this account. At this point im considering my options.

    • Hi Hartie,
      Needless to say this is not the first time we have heard these types of complaints about the Bitcoin Code SCAM. How much did you lose in total? Pat

  • IanM

    They are total scumbags. I started with them about 4 days ago on the basis of an ad on the Bolt blog, This said that Elon Musk had invested $72 mill into the company and will make financial decisions about the company.So i filled the registration form making sure that I did not tick the “I read terms and conditions”, since these were nowhere to be seen. i sent them $US500.00. To my surprise I was now dealing with FTO Capital, which I assumed was a subsidiary.
    The next day I found that the Elon Musk story was a total fabrication. So I found FTO capital’s withdrawal form which asked how much i wanted to withdraw. Since there was no way of typing anything into the window I tapped the button next to it and the sum of $1 appeared. From then on each tap added 1 dollar to the display so that I had to tap the button 500x!! I kid you not. I sent it off.
    The poor buggers who make $13000 would be like the old time Morse code telegraph operators.
    This triggered a number of phone calls most with very heavy chinese accent, trying to disuade me, play on my greed and every manipulation of a trained salesperson. Then I received an email that I had to supply color photos of ID, identity theft is probably the next thing. I complied,no money as yet. I do not know how these people sleep.

    • Hi Ian. You are correct its a total scam. They are using fake news. Very misleading.

      • IanM

        Is there anything I can do to prevent Identity theft that you know of? I sent them a photo of my driving licence, photo of the credit card I used with some digits covered on the front and number on the back covered,as requested and a phone bill with an address at home. They said this was some regulation before being able to return the money to make sure that I was not laundering money for instance for a terrorist organisation. Clearly just being difficult.

        • Just monitor the credit card statement like a hawk. Make sure they dont over charge you. Identity theft is less frequent.