Bitcoin Circuit is an auto-trading robot which claims to have daily profitability of up $1500. But is it legit and is it true that it is highly profitable?
This review of Bitcoin Circuit will look at the features that make this robot one of the most popular auto-trading bots.
But before we get started, it is important to note that Bitcoin Circuit trades on margin and hence there is a significant risk in trading with it. As a result, we advise that you only trade with an amount you can afford to lose.
Is Bitcoin Circuit Legit?
Bitcoin Circuit appears legit from our demo account test. Our test takes into account six core areas namely transparency, performance, customer service, reputation, ease of use and security. Here is how our testing team has found Bitcoin Circuit in each of the above metrics.
- Transparency – the robot appears highly transparent and seems reliable
- Performance – according to thousands of online reviews, Bitcoin Circuit has a win rate of around 90% which would mean that 9 out of 10 trades are allegedly successful
- Customer service – customer service was easy to get hold of and we found them to be highly responsive
- Reputation – there are a number of positive testimonials and the app seems to have a positive sentiment
- Ease of use – you do not need any trading experience to use this software if you activate auto-trading
- Security – the app partners with regulated brokers and their platform is secure
From the above ratings, we find Bitcoin Circuit to be a legitimate software. Many users have placed Bitcoin Circuit among the top-rated cryptocurrency bots for 2019.
Read our Cryptosoft review for a robot with the same legitimacy score and ease-of-use as Bitcoin Circuit. With Cryptosoft, you have an option to trade manually through its semi-auto web-trader.
What is Bitcoin Circuit?
Bitcoin Circuit is a trading robot for the bitcoin market. This robot is fully automatic meaning that anyone including a complete beginner can use it. Testimonials and reviews reveal that Bitcoin Circuit seems to be a high-risk, high-return robot. Users who use Bitcoin Circuit trade on margin meaning that trades can take large positions with little capital.
Margin trading refers to the practice of using borrowed funds from a broker to trade a financial asset.Investopedia.com
Bitcoin Circuit partner brokers offer a leverage of 1:100 to 1:500. An account with a leverage of 1:500 and a deposit of $250 can place trades worth up to $125k. High leverage means magnified profits or losses. However, Bitcoin Circuit claims that the risk is minimal given their high reported accuracy of 90%. Nevertheless, we recommend that you only trade with an amount you can afford to lose.
How does Bitcoin Circuit work?
Bitcoin Circuit is a crypto robot founded by a crypto trading guru and a software engineer. The robot is based on a trading approach known as High-Frequency Trading. This method applies advanced algorithms to glean insights from big data.
The advantage of auto-trading bots is that they allegedly eliminate human emotions from trades hence minimizing poor decision making. Human emotions are known to be the number one trigger of bad decisions in investment.
Furthermore, intelligent bots have been said to be able to do nearly everything that a human can do but with higher accuracy and supersonic speed. For instance, trading bots such as The News Spy can read the news as they occur and take positions before the markets react. Consequently, such robots claim to be able to make large returns from market events such as the Nonfarm Payrolls. Read our review of The News Spy to learn more.
Bitcoin Circuit Review: The Test Results Explained!
As mentioned above, our investigative team has tested Bitcoin Circuit and revealed that it appears legit. InsideBitcoins robot investigation includes a live test and also an in-depth analysis of users’ feedback.
We use a scoring algorithm to determine the scores we give to a robot on our core testing areas. The overall legitimacy score is determined by calculating a mean score of the metrics explained below. Here is an in-depth explanation of our test results on Bitcoin circuit.
InsideBitcoins finds Bitcoin Circuit to be highly transparent. We can confirm that all the information on their website is verifiable.
Bitcoin Circuit is also forthright on its fee mechanism. There is no license fee required to trade with this robot. Once you deposit the minimum deposit of $250, you are good to go. Bitcoin Circuit makes money by taking a small commission on the profits generated through the app.
Please bear in mind that while the Bitcoin Circuit website claims that their robot can generate up to $5k in profits per day, this figure may not be representative and some users may see different results from this app.
A claimed win rate of 90%
Users who deposited real money into Bitcoin Circuit have reported making profits of around $500 per day with a deposit of $250. A closer look at other users’ reviews’ shows that this robot generates an average daily profit of 7%.
Given the high leverage provided by the brokers behind this bot, some users report that a $250 account can make up to $1k per day. The app reports that the more money you invest the higher profits you can make.
However, we recommend that you start small and grow your account gradually. Remember that there is a significant risk in all types of margin trading and you may lose your deposit. Do not trade with an amount you cannot afford to lose.
Great customer service
We find Bitcoin Circuit customer service to be excellent. Firstly, they offer 24/7 customer service which is unlike most trading bots. Secondly, they provide multiple communication channels to include email, live chat, and phone.
Our test shows that they respond to live chats and phone calls almost instantly. Emails may take up to 24 hours but you will get a response nonetheless. Moreover, their customer service agents are well informed and friendly.
It is important to note that Bitcoin Circuit customer service only responds to issues relating to the robot. Consequently, you will be redirected to the underlying broker customer service for inquiries relating to trading conditions. We can confirm that the brokers in partnership with this robot are highly professional and well regulated.
A good reputation
Bitcoin Circuit has a generally positive online sentiment. Many people who have tried this robot have reported having a positive experience.
The majority of reviewers are happy with Bitcoin Circuit performance. Furthermore, most report that its web-trader is easy to use. Our live test confirms that it is easy to install and use.
Traders are also generally happy with Bitcoin Circuit customer service. Most report that it took a few minutes to get their issues sorted. We can also confirm that the majority of reviewers are happy with Bitcoin Circuit partner brokers.
Bitcoin Circuit handles users’ data with care. We find the platforms to have proper encryption to safeguard data from being stolen by hackers.
InsideBitcoins can also confirm that Bitcoin Circuit does not share users’ data with third parties without their permission. Scam robots are known to sell users’ data to third party scammers for an extra income.
Bitcoin Circuit is also GDPR compliant meaning that it adheres to the data protection rules set by the EU.
How to register with Bitcoin Circuit
The registration process with Bitcoin Circuit is simple and straightforward. It took us less than five minutes to create an account in our live test. Here is a step by step guide to registering with this robot.
STEP ONE: Registration
Here you need to fill a form provided on Bitcoin Circuit website. The required details include your name, phone number, and email. You will be asked to verify your phone number and email.
Moreover, you may be asked to provide a scanned ID to verify your identity. Most serious providers have this measure in place to avoid illegal activities such as money laundering. We can guarantee that your personal information is safe with Bitcoin Circuit.
STEP TWO: Deposit
You will be asked to deposit a minimum of $250 to start trading with this robot. This is your seed money and not the cost of the robot. Bitcoin Circuit does not charge any license fee.
The deposit methods accepted by this robot include Visa, Master Card, Wire Transfer, VLOAD, and Bitcoin. We can confirm that it takes less than two minutes for deposited funds to reflect in the trader’s account.
STEP THREE: Live Trading
Bitcoin Circuit is fully automatic meaning that it does all the research and trading. As mentioned earlier, your role with this bot is to choose your preferred leverage and switch on trading.
Bitcoin Circuit reports having a win rate of 92%, and to be one of the most profitable bitcoin trading bots. Click here to open an account with Bitcoin Circuit.
Is Bitcoin Circuit Legit?
InsideBitcoins investigation finds Bitcoin Circuit to be legit. It’s free to use and trades cryptocurrency automatically.
We recommend that you try this robot with a deposit of $250 and grow your account by reinvesting your profits. While this robot appears accurate, trading with it still involves a significant level of risk. Do not trade with an amount you cannot afford to lose.