There are currently over 6,900 crypto coins traded in over 28,675 markets, according to coinmarketcap.com. The number of people involved in crypto trading runs to the millions. The high level of volatility seen in no other asset class attracts both new and seasoned traders. Crypto trading can be quite lucrative if you can properly time price movements, but given the amount of data, it can also be an overwhelming task. Trading bots were built to aid this process.
We test Bitcoin Circuit in the following field report. We test the profitability of this bot and assess whether it is worth your money.
What is the Bitcoin Circuit?
Bitcoin Circuit is a cutting edge trading software that uses AI (Artificial Intelligence) to search the crypto market for potential profit opportunities for its users. It does this by analyzing a huge amount of historical data under various market conditions with absolute speed and precision. A process of this kind is virtually impossible for a human to perform. You can customize the bot to your liking by setting some parameters, such as the cryptocurrency you want to trade, the strategy you want to use. You could leave the rest to the bot.
Who is behind Bitcoin Circuit?
Since crypto projects often tend to be anonymous, it is not surprising that there are a few platforms whose owners want to reveal their true identity. This trading robot is no different. After doing a little research, we found that two people (both crypto enthusiasts) were behind this trading software.
One of them has extensive experience with cryptocurrencies as a trader, while the other is an experienced software developer. We also found out that this bot works with some reputable brokers around the world. They are all regulated by leading agencies like the SEC in the US, the FCA in the UK, CySEC, and others, according to their website.
How to trade with Bitcoin Circuit
1. Open a Bitcoin Circuit account
To get started with Bitcoin Circuit, you need to visit the platform's official website and register as a new user. The registration process is quick and requires you to enter your name, email address and phone number. Then click on 'Register now'. You will receive a message in your inbox asking you to verify your email address. Click on the link and you will be connected to a broker operating in your geographic area.
2. Capitalize your account
Once you have finished registering and verifying your account, it is time to fund your account. Click on Deposit Amounts on the broker website and you will see several supported payment methods including Visa and Master Cards. Choose the method that is most convenient for you and proceed with the minimum deposit of $ 250. The deposit fees and the speed at which funds appear in your account depend on the payment method.
3. Trade cryptocurrencies
Once the funds are in your account, it is time to start trading. But before you can start trading, invest some time to learn how trading with the bot works by spending some time on the demo account. This will help you learn how to implement your risk management strategy - like stop loss and profit posting. These strategies will help you minimize your losses. The software works as well as your strategy.
Our experience with Bitcoin Circuit: Features & Functions
There are many trading bots available in the market today, and each platform offers different features. Below, we will go over some key features of Bitcoin Circuit that set it apart from the rest.
Once you click on the Bitcoin Circuit official website, you will see a section that shows the live earnings results. It's easy to be skeptical when you're new to the platform. During our research, we participated in live trading for about six hours. Our experience was quite enjoyable as we made several winning trades, which leads us to believe in the high success rate reported by the bot's existing users.
The payouts are accurate and transparent so that everyone can see them. The trading software could analyze huge amounts of market data and execute trades with speed and precision, giving users an advantage that would not be possible without the use of advanced algorithms.
Like any legitimate platform, Bitcoin Circuit requires that the account be verified prior to use. This is vital for two reasons: First, you need to make sure that the information offered during the registration process is correct as it is a trading platform that has to comply with various regulations. Second, it's the only way to withdraw funds to your account without causing any problems. For the procedure, you have to submit a photo of an official ID and a document showing your place of residence, e.g. a bank statement. Once that's done, your account will be validated in less than an hour.
Withdrawing to an account with Bitcoin Circuit is a relatively simple and straightforward process. Thanks to the variety of payment modes supported by the platform, withdrawals can be made using any method preferred by the user. Applications are processed daily and within 24 hours.
Costs and fees
The bot claims to be completely free, meaning all deposits and withdrawals are free. When we tested the platform, we found this to be the case. All profits from successful trades appear in your account and can be withdrawn for free. The bot earns its money through a low-interest fee that it takes from the trading process. This way he can replenish his capital and increase his potential profits by plowing back the profits, but this should only be done after you have mastered the successful trade.
Bitcoin Circuit customer service is available around the clock and based on our experience is very responsive. You have the option to contact the platform by writing by email and you will receive a response quickly. Depending on which broker you are connected to, you will also receive a phone call from the customer care team, who will then guide you in using the platform and answer any questions you may have.
Bitcoin Circuit uses different brokers that are regulated by different authorities depending on the location of their activity. So, once you sign up, you will be connected to a crypto broker that operates in your region. Even if the trading robot is a stand-alone software, the broker must have access to the trading markets. We opened multiple accounts during our research, even using VPNs to switch locations, and each time we were connected to a reputable broker within the jurisdiction.
Is Bitcoin Circuit a Scam?
It's easy to be skeptical of any platform that promises astronomical returns. There are many fake websites out there that attempt to imitate the real platforms and thus act as gateways to unregulated brokerage firms. We have studied every aspect of Bitcoin Circuit extensively to determine its legitimacy and have come to the conclusion that it is a legitimacy based on a few factors that are explained below.
The official website is secured with a padlock that shows security on the left side of the address on the search bar. Then we checked the numerous user reviews online and found mostly positive reviews with many individuals praising the platform and its profitability. Eventually we found that all of the brokers associated with the bot are regulated in different jurisdictions, which is vital as a legitimate broker would never be associated with any fraudulent trading software as it would form the trading platform.
5 reasons to trade with Bitcoin Circuit
You may be wondering why you are using a trading robot instead of going straight to a regulated broker and continuing your business? Well the answer is simple. As a trading software, Bitcoin Circuit can perform lightning-fast calculations based on extensive market data and place informed deals, giving you an advantage. Below, we'll go over five unique features that make this trading robot a necessity when trading cryptocurrencies.
1. Intuitive user interface
Like many aspects of this platform, the user interface is quite simple and welcoming for beginners. That means that even those with the slightest knowledge of crypto trading shouldn't feel intimidated using Bitcoin Circuit. All that is required of you as a user is that you spend some time tweaking it here and there and you are ready as the car dealer will do the rest for you.
2. Market leading win rate
During our research, we found that Bitcoin Circuit boasts an impressive win rate with high profits according to its users, making it one of the most powerful trading bots on the market. The majority of trades placed with this bot end victorious and most of the users can make profit within short trading sessions. An experienced user can get more profits by using this bot.
3. Faster than manual trading
Thanks to a response time of 0.01 seconds to new data, the bot can generate successful trades so that it can carry out market analysis and calculations at unmatched speed. Simply put, no living person can analyze, calculate, and make decisions based on the data available during the time that Bitcoin Circuit is executing their trades. Hence, it offers a clear advantage over the participants who carry out their trades manually.
4. Intelligent Analytics
Thanks to robust algorithms, Bitcoin Circuit is designed to collect new information regarding the markets for crypto trading as soon as it is published and indexed. If there is an event or news that could affect the market, this bot will take that information, digest it, determine the likely market trends and incorporate the new information into its decision making process, which will enable it to make more effective decisions.
5. No human error
Emotions are an integral part of human beings, and they influence almost every decision. While feelings are good for us, like the ability to empathize with other people, emotions are not helpful when we need to make quick, logical decisions. It is difficult for even an experienced trader to keep his emotions out of his trading process, let alone a novice trader.
Acting on intuition can produce a few positive outcomes that seem to warrant the strategy, but sooner or later the strategy is likely to collapse like a house of cards. A superior benefit that trading robots like Bitcoin Circuit offer is the ability to exclude human emotions from trading. The decisions are based solely on the analysis of the available data.
Bitcoin Circuit Review: Our conclusion
Like it or not, trading involves math and complex calculations, and this is an area where robots are better than humans. A robot like Bitcoin Circuit was built to carry out trades on behalf of a user by picking up various factors such as indicators and signals and reacting to the information much faster than a human.
There is no limit to the number of trades you can do with the bot as it works 24/7. It only takes you a few minutes a day to tweak your strategy and when the market conditions match your trading parameters, the bot will open a deal.
This way, you can rest assured that you will never miss the trading opportunities. Another great thing about this trading software is that it takes emotions out of trading, which minimizes the likelihood of losses from bad deals.
But crypto trading has its risks, and studies have shown that most traders lose money doing this.
That's why it's important to learn as much as possible in the craft and start small and then expand your account.