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An Honest Bitcoin Circuit Review in 2022

Bitcoin Circuit is an automated trading bot that lets clients easily trade cryptocurrency CFDs via AI protocols. The platform uses trading signals, statistics, and algorithms to trade with a paired broker. We’ll be diving into Bitcoin Circuit’s pros and cons, key features, security issues, and deciding whether or not the platform is a scam. Read on for more information.

Khashayar AbbasiKhashayar Abbasi
Last updated 19th Jan 2022
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Bitcoin Circuit is an auto trader that allows CFD margin trading on cryptocurrencies like Bitcoin, Ethereum, and other popular crypto assets. The platform uses AI technology, analysis, and algorithm to send trading signals to partnered brokers to make cryptocurrency trades.

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 to potentially profit. However, those 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.

Pros And Cons Of Using Bitcoin Circuit

Pros

Fast, no-nonsense account registration
Intuitive user interface
Demo trading options
Margin trades for potential profits
Various charts and tools

Cons

Some fake reviews online
Auto trading bots and leveraged trades are risky
Only available in some jurisdictions

Bitcoin Circuit Markets, Assets, And Options

What Assets And Products Can You Trade Using Bitcoin Circuit?

Bitcoin Circuit supports margin trading on the most popular cryptocurrencies contracts. Some of the cryptocurrencies you can trade may include:

These currencies may vary depending on your broker.

What Leverage Trading Options Are There?

Bitcoin Circuit’s partnered 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 leverage 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 favour, 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.

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?

Bitcoin Circuit offers free sign-up and no subscription costs like other auto trading services. However, users are required to pay a $250 minimum deposit to their paired broker to make trades. You cannot use the bot without making this deposit.

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 similar to other automated trading bots. Clients create an account and pair with a broker., depositing $250 to make their first trade. Users set trading parameters and determine leverage limits that match their trading strategy. The platform then makes trades 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

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.

Can I Use Bitcoin Circuit In My Country?

Bitcoin Circuit is available in many jurisdictions where CFD trading is allowed. Some of these places include:

  • The UK

  • Italy

  • Germany

  • France

Bitcoin Circuit is unavailable in the US, where CFD is prohibited. Also, Bitcoin Circuit is not allowed in places where cryptocurrencies are banned — like China.

Is Bitcoin Circuit Available In My Language?

Bitcoin Circuit is available in five 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 bots 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 platform makes it look so easy.

Key Features

Bitcoin Circuit has several key features that help users navigate the platform and potentially make profits. Bitcoin Circuit 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’s bot scrutinizes the market and uses algorithms to decide on the best trades 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 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 trading strategy likely to earn a profit.

Security And Regulation

Is Bitcoin Circuit Legit?

Bitcoin Circuit’s legitimacy is dubious at best. 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 those.

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 stake what you can afford. We suggest reading a wide selection of reviews on any 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 are often unregulated.

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

Am I And My Money Protected?

We cannot verify whether Bitcoin Circuit’s partnered brokers protect your money. Remember that Bitcoin Circuit will not hold your funds on their platform; they will be stored in your broker wallet instead.

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.

Extra Information

Educational Resources

Bitcoin Circuit is short on educational resources, blogs, tutorials, or news articles to help traders. The homepage has some basic content about Bitcoin and the potential profits available. There is also a small FAQ that covers some general Bitcoin and Bitcoin Circuit queries.

Tools And Charting

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

Customer Support

Bitcoin Circuit offers an account manager to help with any queries, as well as various other customer support options. There is also a contact form on the homepage if non-members need to get in touch. We could not verify the platform’s customer support response time.

How To Get Started With Bitcoin Circuit

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

  1. Create An Bitcoin Circuit Account: Go to the Bitcoin Circuit homepage and complete the sign-up at the top of the page. Input your full name, phone number, and email. Then, confirm your email address.

  2. Speak To An Account Manager: Once you have confirmed your registration, you will be contacted by an account manager who will oversee the next step of the process and set you up with a broker.

  3. Deposit Funds: Once you have passed any KYC procedures, add the $250 deposit into your broker wallet with one of the accepted payment methods.

  4. Get Familiar With The Demo Account: We recommend using the demo account to practice on Bitcoin Circuit before enabling live trades and risking your money.

  5. Make Your First Trade: Once you understand the platform, go ahead and make your first trade. Choose between automated trading or manual trading and set your trading criteria to suit your trading strategy.

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 service.

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

The crypto 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.

Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.