Bitcoin Code, Scam?

In our journey through the world of crypto currencies we have been able to appreciate the large number of scams (and swindles) that exist within the market. One of the most striking scams, especially in the Hispanic market, has been Bitcoin Code.

Taking advantage of people’s ignorance and the impact of Bitcoin in the financial world, the developers of Bitcoin Code have managed to trick hundreds of users into investing their money in exchange for supposed «million-dollar» profits in a ridiculously short period of time.

But how did you manage to fool the Bitcoin Code people? According to what we have been able to appreciate on their website, they use eye-catching images together with repetitive advertising strategies that lead the person to make an income within the platform. All this, coupled with the fact that not many know about crypto currencies, generates a latent need to invest in the process.

What is Bitcoin Code?

As we enter the Bitcoin Code homepage we see an invitation to «join the Bitcoin movement» in order to win about 13 thousand dollars in 24 hours. The platform does not tell us how such a surprising gain will be achieved in such a short time.

Subsequently they reflect a supposed perfect reality in which the Bitcoin Code is used by people with a high standard of living, who earn a lot of money by spending very little time and with a minimum investment.

The site also has a section of «testimonials» in which alleged customers relate how well they have invested in the platform Bitcoin Code. We have investigated the data of the alleged customers and have already found the first fault, none of these users really exist in.

As we continue reading we find the supposed «developer» of this idea, a person named Sergio Marlón, name used for the website in Spanish, the curious thing is that for the site in English they use the image of the same person, but, with the name of Steve McKay. In addition, we were able to verify that the photo comes from an image bank and is of a person totally alien to this business.

After these incongruities, the main page begins to explain to us how it is that it will get the supposed fortune. It is a supposed automatic trading system with an «innovative» technology that identifies the best opportunities and trends within the market to generate large amounts of money almost infallibly.

Already after all the magnificent preambles we are asked for the sum of 250 dollars, as a minimum requirement to start using the «Bitcoin Code» platform.  A considerable amount, which people naively pay and subsequently cannot recover.

The site does not offer reliable customer service or contact. It only offers a space to send messages but does not indicate any mail, address or other means that can be used by users if there is any inconvenience with your investment.

Why do we consider Bitcoin Code a scam?

Having already seen what this platform is about, we will explain the reasons why we believe it is a website designed to defraud the most unwary users.

They do not explain exactly how the promised objectives will be achieved.

Earning $13,000 within 24 hours can only be achieved with a very high-risk investment or by investing a considerable amount of money. Bitcoin Code gives 100% security on the achievement of these gains, without explaining in the least the method to achieve it.

They are limited to the use of empty or merely advertising words about how these profits will be achieved. «Opportunities within the market» or «prediction of trends» are just some of the ideas they offer us, but, this is not a guarantee at all, much less in an excessively volatile market such as that of crypto currencies.

Lack of information about developers

We don’t know anything about the developers of this project. All the information they provide on the platform is false or dubious. Neither do we know the geographical location where it is developed, nor the legal regulation that governs them.

We don’t have contact information like a phone number, a physical address or an email to turn to for more information. Where does the person go once he or she disburses the $250 to use the platform? How can our money be entrusted to people we don’t know at all?

Within their «Terms of Use» they express that the applicable law in the event of problems is the jurisdiction of Estonia. However, the Conditions are very generic, difficult to verify and even seem to be copied from another website.

There is no record of any financial institution supervising its operations or supporting users in the actions of this project.

We couldn’t corroborate the testimony of anyone who’s made money off of them.

If it were true, there would be plenty of people who would attest that it is a truly effective and reliable platform.  However, in the web space we could not find a single reliable positive review or comment from users who have earned money with Bitcoin Code.

On the contrary, everyone expresses their dissatisfaction and denounces that they were deceived by «investing» their money in this platform.

To everyone’s surprise, this is a current scam, as we find ourselves with experiences of recently swindled people. It makes us see that even more repercussion must be made on platforms of this type.

Conclusion

Unfortunately, scams within the world of crypto currencies are very common. In this case we find Bitcoin Code, a scam that is taking advantage of the popularity of Bitcoin and crypto coins to promise naïve people and little knowledge of this market astronomical gains. 

Based on all the aspects analyzed, we have no doubt that this is a scam, designed like many others to take advantage of the boom and ignorance in this sector.

While it is true that no financial authority has yet issued an alert against it, it is important that within the web community we echo the unreliability of this platform.