Bitcoin Circuit Review 2023

What is Bitcoin Circuit?

Bitcoin Circuit is an auto trader that allows CFD margin trading on cryptocurrencies like Bitcoin, Ethereum, and other popular crypto assets. The platform reportedly uses AI technology, analysis, and algorithms to send trading signals to partnered brokers to make cryptocurrency trades which simplify the trading process.

Users deposit fiat currency funds into their broker wallet via one of the accepted payment methods (debit or credit card), and the bot makes trades on their behalf.

The robot scans the market and finalizes trades for users. However, profits are not guaranteed. Users can set their own trading parameters if they have a trading strategy, or they can make use of fully automated trading.

Bitcoin Circuit Overview

Pros And Cons Of Using Bitcoin Circuit

Who is The Bitcoin Circuit Owner?

Bitcoin Circuit was allegedly developed by two brothers with an interest in Math and the market in general. They combined their expertise to ensure all traders have the opportunity to trade in the crypto market without having to do complex equations or predictions. Those with little experience in the cryptocurrency market should be able to use Bitcoin Circuit to automate trading activities and increase their understanding of the cryptocurrency market.

On the Bitcoin Circuit website, the owners say that the bot is constantly updated based on market trends for a better experience. As the website doesn't name the owners, we can't be certain who they are or what experience they have.

Getting Started With Bitcoin Circuit

Below is a brief overview of how to get started with Bitcoin Circuit. We'll go into more detail later in this review.

1. Go to Bitcoin Circuit’s official website and register for an account

2. Deposit a minimum of $250 as per the bot’s requirements

3. Customize Bitcoin Circuit and trade. The use of the autotrade function can help you in the beginning if you are looking to better understand the ups and downs of the crypto market.

Bitcoin Circuit Markets, Assets, And Options

What cryptocurrencies and products can you trade using Bitcoin Circuit?

Bitcoin Circuit provides access to some of the most popular tradable cryptocurrencies. These include:

• Bitcoin (BTC)

• Ethereum (ETH)

• Ripple (XRP)

• Cardano (ADA)

• Litecoin (LTC)

• ZCash (ZEC)

Additionally, the robot allows forex trading, thus hosting plenty of fiat currencies, including USD, EUR, CHF, etc. On Bitcoin Circuit you cannot trade other financial instrument classes besides cryptocurrencies and forex.

What Leverage Trading Options Are There?

Bitcoin Circuit’s partner brokers support margin trades on CFD (Contract for Difference) assets. When users trade CFDs, they bet on the underlying asset’s value without ever owning those coins.

We could not confirm the margins on Bitcoin Circuit. However, some sources suggest 1:1000 leverage on trades with certain brokers.

We recommend caution when trading with leverage. The crypto market is volatile, and margin trades can be risky. If the market does not move in your favor, you can lose money quickly. Do enough research and only make trades you can afford to lose. Also, only experienced traders should practice leveraged trading.

If you want to know more about leveraged trading, take a look at our comprehensive guides:

• Cryptocurrency spread betting

• What is Bitcoin CFD trading

• Getting started with Bitcoin trading

What Are The Spreads?

We couldn’t find much information on Bitcoin Circuit’s spreads. Different brokers will often feature varying spreads. Expect these percentages to change as the market fluctuates.

Fees, Limits, And Payment Options On Bitcoin Circuit

How Much Does Bitcoin Circuit Cost?

There are no commissions or spreads with Bitcoin Circuit itself, as well as no subscription, transaction, or inactivity fees. However, note that the crypto robot is connected to reputable crypto brokers with varying fees. To ensure you enjoy your experience, it is best to confirm a broker’s charges and ensure they fit your budget. Most importantly, test the broker via a demo trading account to understand the costs applicable when you trade using real money.

What Are The Payment Methods Accepted By Bitcoin Circuit?

Bitcoin Circuit clients can deposit funds into their accounts via a few different methods. These include:

• Credit cards

• Debit cards

• Visa

• Mastercard

• PayPal

• Wire transfer

Bitcoin Circuit will not charge for these deposits, though your bank may add fees for the transaction. Withdrawals can take up to 48 hours until they appear in your bank account.

Does Bitcoin Circuit Also Charge Fees And Commissions?

Bitcoin Circuit takes a small percentage (around 2%) on any profits made using its bot-based trades. However, you will only pay commissions once you make money.

Bitcoin Circuit Trade Sizes And Limits

Bitcoin Circuit requires a minimum deposit of $250 to make your first trade. However, there is no maximum trade size. Brokers set trade limits. Consult with your broker directly to find out minimum or maximum trade limits.

Bitcoin Circuit Platform

How Does Bitcoin Circuit Work?

Bitcoin Circuit works similarly to other automated trading robots. Clients create a trading account and pair with a broker, depositing $250 to make their first trade. Users set trading parameters and determine leverage limits that match their strategy. The platform then makes trades, reportedly based on AI, algorithms, and market analysis.

What Devices Can I Use Bitcoin Circuit On?

Clients can access Bitcoin Circuit on any device with a web browser. This includes Chrome or Safari. However, some users may have difficulty on mobile devices. Also, Bitcoin Circuit does not have a dedicated mobile app. You can use Bitcoin Circuit on the following devices:

• Desktop computers

• Laptops

• iOS devices

• Android devices

• Tablets

Can I Use Bitcoin Circuit in My Country?

What Exchanges And Brokers Does Bitcoin Circuit Partner With?

Bitcoin Circuit works alongside numerous brokers who offer CFD trading. That being said, we could not find any information on specific brokers. However, you can search for reviews for your paired broker once you create an account.

Some users have been connected with unregulated brokers, which are less trustworthy than regulated ones.

Is Bitcoin Circuit Available In My Language?

Bitcoin Circuit is available in four languages:

• English

• Dutch

• Norwegian

• Spanish

Choose your language from a menu at the top of the homepage.

How Easy Is It to Use Bitcoin Circuit?

Bitcoin Circuit features an intuitive interface that is easy to use and allows users to browse assets and CFDs whether they are new or experienced in the market. Clients can adjust parameters to suit their goals and try to establish greater control over Bitcoin Circuit’s automatic trades.

The site has different charts to help clients make decisions. The bot will use this information independently to make trades as well, so you don’t have to do any analysis if you prefer.

However, automated trading robots are one of the riskiest ways to trade, especially when trading with leverage. Users should avoid trading with high leverage and only spend what they can afford, even if the trading platform makes it look easy.

How much profit can you make using Bitcoin Circuit?

The amount you can earn will vary based on the success (or failure) of your positions. So whilst it is possible to make money in cryptocurrency, it is also possible to lose money too.

Note that Bitcoin Circuit has a claimed win rate in various locations of between 85-92%. This win rate can not be verified online. Therefore, you should be aware that it may not be correct.

Overall, have a plan before activating Bitcoin Circuit to automate your crypto trades. Calculate your potential returns considering tax deductions to the IRS. Most importantly, have a trading journal to note down your progress and be open to learning from the errors you make along the way.

Key Features

Bitcoin Circuit has several key features that help users navigate the trading platform. The robot has numerous tools and functions to help users trade CFDs from customer support to demo accounts. Some features include:

Intuitive Interface

Bitcoin Circuit has a user-friendly interface that benefits both beginner and seasoned traders. View CFD contracts, set trading parameters, and browse essential facts and figures without hassle.

Market Analysis

Bitcoin Circuit claims to scrutinize the market and use algorithms to decide on which trades to execute for users, whether they have established their own trading criteria or prefer to go fully automated. The bot uses the most recent data to execute informed trades.

Demo Trader Account

Bitcoin Circuit (like many other trading platforms) has a demo trading account so users can practice making trades with leverage before risking their funds. This is a great way to decide if the site is right for you and develop a strategy.

Security And Regulation

Is Bitcoin Circuit Legit?

Bitcoin Circuit’s legitimacy is dubious. Several reviews online claim the website is a scam, and users may lose their deposit within 24 hours.

In addition, some claims suggest that Bitcoin Circuit pairs users with unregulated brokers. However, the website states that you will be paired with a certified broker without detailing who certifies them.

Trading CFDs may be risky if you are new to crypto trading. If you want to use a bot (due to lack of experience), set trading criteria to match your strategy and only deposit what you can afford to lose. We suggest reading a wide selection of reviews on any trading platform before adding funds.

Is Bitcoin Circuit Safe?

We cannot guarantee the safety of your funds or information when dealing with Bitcoin Circuit. Users have to sign up with their broker through an account verification procedure. However, these brokers may be unregulated.

They do not mention any security features on the Bitcoin Circuit website. As such, we could not verify whether your information is encrypted or secure.

Are my money and I protected?

Based on information on Bitcoin Circuit’s website, your trading funds are secured on brokers’ platforms regulated by tier-one authorities. Also, this robot is highly encrypted and complies with international AML and KYC policies to safeguard your data and email.

Is Bitcoin Circuit Regulated?

We could not find any information on whether Bitcoin Circuit is regulated or not. We recommend only choosing trading platforms regulated by official bodies and adhering to a standard set of practices to protect your funds and information.

Do I Have To Verify My Account With Bitcoin Circuit?

Yes. You have to verify your email address before you can use Bitcoin Circuit. You will then be paired with an accounts manager to deposit funds into your broker wallet.

Bitcoin Circuit claims that they accept all new client registration forms provided you follow the link in the confirmation email.

Your broker may require extra KYC verification before you can start trading.

How Does Bitcoin Circuit Work? Trading Strategies and Algorithms

Bitcoin Circuit monitors the performance of the crypto markets to identify new trends that could benefit you. It then uses the money deposited on a trading platform to execute trades on your behalf. Note that Bitcoin Circuit will only activate a trade once the preset positions for the trade have been met. Some of the trading strategies and features incorporated in Bitcoin Circuit include;

• Multi-device support for crypto trading

• Dedicated account manager

• Wide range of tools to assist with trading

• Price Trend Analysis

Extra Information

Educational Resources

The good news is that you can access plenty of educational materials on crypto trading from the brokers Bitcoin Circuit partners with. These materials include guides, articles, webinars, recorded videos, eBooks, seminars, etc. Some of these brokers also feature social trading platforms you can join to meet your peers and learn from each other. In addition, there are many website blogs, YouTube channels, and podcasts to take advantage of and improve your skill level.

Tools And Charting

Bitcoin Circuit offers numerous tools and charts to help users better understand the market. However, the site also encourages users to go fully automated rather than manually trade CFDs. The bot reportedly uses market analysis and AI protocols to make trades on your behalf.

Customer Support

Demo Account

Bitcoin Circuit offers a risk-free demo account funded with virtual funds to test the platform and explore the available options before using real money in the live market. We highly recommend free demo accounts for beginners since it is also the best way to gauge your skill level and boost your confidence through practicing how to trade with a robot. The bot’s demo account is user-friendly and a free version of the live account. However, you must register with Bitcoin Circuit and make the necessary minimum deposit to access its demo account.

How To Get Started With Bitcoin Circuit

If you still want to create a Bitcoin Circuit account, follow these steps:

How to Delete Bitcoin Circuit Account?

You can delete your account on the bot’s platform through its settings page or by contacting the Bitcoin Circuit support team.

How to Withdraw Money From Bitcoin Circuit?

Bitcoin Circuit is not responsible for securing your money, which is why it partners with brokers. Generally, to withdraw your earnings with this robot, you must do so through the broker it is connected with. Here is the withdrawal procedure.

1. Visit Bitcoin Circuit’s connected broker’s trading platform and sign into your trading/investment account

2. Go to your wallet, where you should click withdraw to start the withdrawal process

3. Enter your preferred payment method supported by the broker

4. Enter an amount to withdraw in your preferred fiat currency

5. Click continue to initiate the withdrawal process, which should take up to 24 hours to complete.

Remember, Bitcoin Circuit partner brokers make withdrawals using fiat currencies and not crypto assets. You must convert your cryptocurrencies into fiat currency to complete the withdrawal process.

Bitcoin Circuit Celebrity/Company Endorsements

There is plenty of online speculation about Bitcoin Circuit's connections to various companies and celebrities. We investigated these claims, and below is what we found out.

Is Jeff Bezos Related to Bitcoin Circuit?

No. Jeff Bezos is a prominent American entrepreneur, computer engineer, investor, and most recently commercial astronaut. He is the founder and executive chairman of Amazon. Bezos is not connected to Bitcoin Circuit and we could not find any information linking him with the robot.

Is Elon Musk Related to Bitcoin Circuit?

No. Although Elon Musk is a known crypto enthusiast, he is not related to Bitcoin Circuit, nor has he ever endorsed the robot.

Is Oliver Welke Related to Bitcoin Circuit?

No. Oliver Welke is a German television presenter, satirist, journalist, and comedian. Welke has no interest in cryptocurrency and has never been associated with Bitcoin Circuit, despite being mentioned online as having been in the past.

Is Mike Novogratz Related to Bitcoin Circuit?

No. Mike Novogratz is an American investor and the CEO of Galaxy Investment Partners, which focuses on crypto investments. Although Novogratz is an investor in the market, there is no evidence he uses Bitcoin Circuit to manage his investments.

Is Piers Morgan Related to Bitcoin Circuit?

No. Piers Morgan is a prominent English journalist, broadcaster, writer, and TV personality. There is no record of Morgan having an interest in investing in the market. He has never endorsed Bitcoin Circuit or recommended it on any platform.

Is Richard Branson Related to Bitcoin Circuit?

No. Richard Branson is a British business magnate and billionaire. He is Virgin Group's founder, which controls over 400 companies in various fields today. There is no evidence of Branson being involved in the cryptocurrency market and as such any stories associating him with Bitcoin Circuit should be considered untrue.

Bitcoin Circuit In the News

Besides the company/celebrity endorsement rumors, Bitcoin Circuit is also said to be featured on news platforms. Here is what we found out concerning these rumors.

Is Dragons' Den Related to Bitcoin Circuit?

No. Dragons' Den is a TV reality show featuring entrepreneurs trying to get funding from top investors by pitching their business ideas. Among the many episodes aired so far, none mentions Bitcoin Circuit. Any news stories connecting Bitcoin Circuit and Dragons' Den are not true at the time of writing.

Is CNN Related to Bitcoin Circuit?

No. The Cable News Network (CNN) is a US-based news channel owned by CNN Global. Numerous stories have been published suggesting CNN is promoting or reporting on cryptocurrency robots. These stories are unverified and normally from an unreliable third-party source.

Other Bitcoin Circuit Reviews & User Testimonials

Bitcoin Circuit has received excellent reviews and testimonials from most users on Reddit and Trustpilot. Below we sample some of the top Bitcoin Circuit reviews.

What Are The Top Bitcoin Circuit Reviews on Forums and Reddit?

Bitcoin Circuit hasn't yet garnered any reviews on Reddit. This may be because the software is still relatively new.

What Are The Top Bitcoin Circuit Reviews on Trustpilot?

Like Reddit, Trustpilot is another go-to platform for user recommendations on various products and services. Here, the top reviews state that Bitcoin Circuit is trustworthy and user-friendly. Most users also find it affordable, primarily if you use it on a broker that fits your budget. However, some users find the Bitcoin Circuit support service unresponsive and its minimum deposit requirement high.

Is there a Bitcoin Circuit alternative?

Yes, there are many more crypto trading robots available. If you don't want to use Bitcoin Circuit, check out some of our other reviews:

Final Thoughts On Bitcoin Circuit

Bitcoin Circuit assures users that automated trading is suitable for all traders. However, you are much more likely to lose your money than make a profit using this type of automated trading software.

The website claims two brothers (unnamed) came up with the idea for the alleged algorithm and that it was a sure-fire bet in the market. However, most clients lose their funds before making any money.

The market is highly volatile, and traders should be wary of any auto trading platform that promises good results. While manual trading can limit your chance of loss (if you are an experienced trader), you are still likely to leave this site with less money than you started.

In addition, leveraged trading is riskier still. We could not confirm the leverage margins. However, similar sites offer leverage of up to 1000%, which could land you in a lot of debt if the market does not go your way.

Make sure you do your own research and trade what you can afford. If you are looking to trade with a broker as a beginner, we suggest trying the likes of eToro instead.

This is not investment advice.

Information is provided for educational purposes only and is not investment advice. We do not offer financial advice, advisory, brokerage, or investment advice services. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions.