Bitcoin Circuit review 2020. Bitcoin Circuit is an auto trading robot that people use to automatically trade Bitcoin even on margin, meaning they can lend to boost their capital and get more profits. It removes the manual processes of placing, buying, selling and canceling orders as well as analyzing markets on a broker platform since these are done automatically by the bot. Once started, customers only need to watch performance, and they can adjust trading settings without any hassle. It also achieves a high speed and accuracy than manual trading.
Many people claim they have achieved a profit of $1500 using the tool to trade Bitcoins. On it, users can deposit using credit cards and Sofort, starting with a minimum of $250.
This Bitcoin Circuit review investigates whether the auto trading app or robot is a scam. Most people reviewed, 88% to be specific, giving the tool a positive rating and a five star, implying the Bitcoin Circuit app is not a scam.
First, Bitcoin trading with any auto trading tool is highly risky especially without adequate understanding of the technique and can lead to huge losses where care is not taken. Losses can also become worse when trading on margins.
High profit ratio
Not a scam
Is Bitcoin Circuit Legit?
From using the demo account to test Bitcoin Circuit app in six core areas of transparency, performance, customer service, reputation, ease of use and security, Bitcoin Circuit reviews find that it is genuine.
- Bitcoin Circuit scam claims can be emptied by the apps proven transparency and reliability achieved from tests
- Thousands of online reviews about this tool reveal that 9 out of 10 trades are successful – which means it achieves a success rate of 90%
- It is easy to get customer service
- Positive testimonials from the customer means the app has a good reputation
- The app is also easy to use and it is possible even for those without any trading experience to trade on it.
- Funds on the app are secure given that the app works with legitimate partners and regulated brokers who handle the money.
What is Bitcoin Circuit?
As already said in the introduction, Bitcoin Circuit is one of the top-rated cryptocurrency bots in the market and which allows users to trade Bitcoins using a bot or automatically. Automatically means they do not have to place, buy cryptocurrency, sell a cryptocurrency, cancel orders, or analyze markets, manually since these are done automatically by the bot.
The tool was founded by a crypto trading guru and a software engineer and is based on a high-frequency trading algorithm or code. The algorithm will collect market-based big data and analyze it to determine insights used for making trading decisions. Since crypto trading can be volatile, manual trading is influenced by emotions a lot of times and hence there is lots of poor decision making to have to live with as a manual trader. Besides, they can do trading with higher accuracy and supersonic speed.
Once the bot is started, it implements a trading strategy based on an algorithm or code, on a broker trading platform. The strategy is made by professional traders and is all about buying, selling, and executing orders, opening and closing them, and doing analyzes to determine possible future price movements and use these analyses to trade and earn the owner some profit.
Since it uses margins, a user can deposit capital, but then take more money as a loan to increase the amount they place on a trade. This means they can buy/sell more than they could, thus magnifying profits if the trade goes their way. Otherwise, it can magnify losses too.
Margin trading can be risky. The app provides leverage of from 1:100 to 1:500. With a leverage of 1:500, a user who deposits $250 can place a trade worth up to $125k. If it achieves the claimed accuracy of 90%, then the risks are minimal.
How Bitcoin Circuit work?
You open an account on the Bitcoin Circuit website, verify the account by submitting a scanned ID copy, and then deposit a fee of $250 on the platform to start trading. You can use Visa, Master Card, Wire Transfer, VLOAD, and Bitcoin to deposit money on the platform. However, you must deposit to start the bot off.
Once started, the bot will do its job to analyze the market, place orders according to its analysis, and execute and close orders.
There is no license fee for running the bot but you pay some commission fee from your profits for using the bot. The app claims it can help users to generate up to $5k in profits per day but the claim can be outrageous for some users because it depends on the amount deposited, market movements and performance of the bot. Although some users of Bitcoin Circuit app claims to have gotten around $500 per day with a deposit of $250, a close investigation indicates that the average daily profit is 7%. But it may work given the high leverage. Some users claim they can make $1k per day by depositing $250. Although the more the money invested, the higher the profits to be generated, it is recommended to start small by just depositing $250.
- Good customer service: The app offers great 24/7 friendly customer service, unlike many trading bots. Plus there are multiple communication channels for customers to use including email, live chat, and phone. Tests reveal they respond to live chats and phone calls almost instantly while emails take 24 hours to respond. Customer service responds to matters related to the app and will direct you to broker platforms for response on matters related to brokers.
- Good reputation: We already mentioned the responsive customer service and the fact that many people gave it a positive rating of 5 stars.
- Excellent safety: The website uses encryption to secure data from being stolen by hackers. They also pursue GDPR compliance for data protection and safety.
High profit ratio
Not a scam
Verdict. Is BTC Circuit scam or legit?
An in-depth analysis of the user’s feedback and a live test of the tool determines that it is legit. A scoring algorithm given to the robot on core testing areas related to performance revealed that it is a legitimate tool since the mean score of metrics analyzed was satisfactory. Also, we recommend you to try Bitcoin Pro another trading app which produces good results.
It achieves an accuracy of 99.4% when tested, is ahead of markets by 0.001 seconds when tested meaning it uses good programming algorithm and is consistent, and has received rewards from the US Trading Association in the category of software. Don’t forget to subscribe to receive new reviews from this industry. Also, follow our FB Page and Youtube Channel.