Our review of Bitcoin Circuit in 2021
This review is ideal for those who are just starting to investing in cryptocurrencies , well, we will analyze in depth one of the most well-known brokers, Bitcoin Circuit. Do not make too many expectations with this operator: he seems to use the same deception methods as traditional scammers on the web.
So, our initial recommendation is that you stay away from this broker. Throughout the Bitcoin Circuit review we will explain the reasons why not a good option to invest in bitcoin. On the contrary, we recommend eToro , a certainly reliable operator.
🥇 eToro | eToro |
⭐ Valuation | 4.8 / 5.0 |
🎲 Performance | More than 200 |
💳 Buying and selling options | Social Trading, CFD |
❤️ Additional instruments | Openbook, Webtrader |
⚖️ Regulation | CySEC |
🏆 | Visit the broker |
Throughout this review, we will explore the central points of Bitcoin Circuit and we will compare it with other investment platforms. We will try to explain why some clearly fraudulent websites continue to attract users. We will also give you security guidelines so that you can keep your money and your personal information safe from virtual tricksters, of which there is no shortage on the Internet.
Our experience with Bitcoin Circuit
Reviews about Bitcoin Circuit indicate that this platform use a Ponzi scheme . This means that potential winnings are paid with the money from the deposits of new users. This is not sustainable at all, because it does not generate or produce anything.
While there are positive reviews of this broker on the web, we believe that they are manipulated from the Bitcoin Circuit forum itself that is, they are false. All this only fills us with suspicion.
Is Bitcoin Circuit a scam? Here's why it's not reliable
You will no doubt be wondering: how is it possible that such an unreliable operator attract so many users? Their strategy works as follows:
The campaigns of this company target people who have made searches in their browsers on how to invest in bitcoin. The idea is to select that audience because it has less experience in the field, and may believe that Bitcoin Circuit is reliable without having reliable safety evidence .
Thus, Bitcoin Circuit leads unsuspecting netizens to a very simple registration form . Faced with the possibility of having a membership in such a practical way, new users may feel excited, not noticing that there should be security checks to ensure data protection.
The various elements of the possible scam in Bitcoin Circuit:
- Aggressive advertising;
- Immediate registration form;
- Customer service phone;
- Fake celebrity advertising and sponsorships.
Once the user has registered, he can receive a phone call from the company. At Bitcoin Circuit they know that human contact generates trust, and this is how they incentivize people to deposit their money. This whole mechanism is oriented motivating the user's first deposits .
Another unfavorable point of Bitcoin Circuit is its the use of spurious marketing . Their advertising campaigns are full of ads with fake celebrities. There you can see famous personalities who allegedly recommend the platform. This ruse seems to indicate that Bitcoin Circuit scams its public in its communications.
Bitcoin Circuit Analysis: what we know about this broker
After exploring numerous comments about Bitcoin Circuit, we have deduced that this platform it can not lead to real profits in investments with cryptocurrencies. Its unsustainable structure refers us to many of the well-known names of our blacklist of platforms to invest in bitcoins , which include Bitcoin Was , Bitcoin Code and Trust Investing. Therefore, we can only recommend that you do not invest your money in any of these brokers.
Do you think you've already been scammed? Here are our tips
It is possible that, if you are reading this, you have already put your money in Bitcoin Circuit. If so, our suggestion is that you do not invest more. It is also a good idea to consult the website of the CNMV (National Securities Market Commission) to see if the company already has lawsuits against it. Ultimately, you can take legal action to get your money back . In that case, we recommend that you hire an expert in the field.
Alternative safe brokers to Bitcoin Circuit
We have seen that Bitcoin Circuit does not have any official license to operate in the country. However, do not believe that all cryptocurrency brokers they're the same. In fact, as cryptocurrency investing expands and is traded, there are more and more safe and effective operators . A good example is eToro , which has given us numerous satisfactions and has the approval of its own users. The opposite of Bitcoin Circuit.
This operator is a member of the Compensation Fund for Customers of Cypriot Investment Firms (CIFs). This gives you an extra credibility , supported also by their official licenses to work in the country. eToro offers varied investment possibilities.
Comparison of Bitcoin Circuit and eToro
The parallel analysis of two brokers can be very illustrative, as their characteristics and their shortcomings are exposed . The following comparative table sets out the reasons why we do not recommend Bitcoin Circuit.
Bitcoin Circuit vs eToro | Bitcoin Circuit | eToro |
---|---|---|
Do you have a dollarpea buying and selling license? | ❌ | ✔️ |
Is it in the CNMV registry? | ❌ | ✔️ |
Is the company based outside of tax havens? | ❌ | ✔️ |
Do we receive information about the risk of our investments? | ❌ | ✔️ |
Is advertising honest? | ❌ | ✔️ |
Is there any evidence that users have made a profit? | ❌ | ✔️ |
For all these reasons, it is clear to us that Bitcoin Circuit is not a reliable alternative at all. It does not satisfy any of the minimum guidelines that give credibility to an investment company. It is worrying that non-credible platforms proliferate .
Introductory guide on how to invest in bitcoin safely
So, if you are still looking for a broker, we refer you to eToro . To get started on such a network, registration is necessary. You will see that this is done thoroughly and safely. Then a money deposit must be made, and you can already start investing .
Finding
This article, then, adds to the opinions of Bitcoin Circuit with negative valuation. We do not trust investment traders without registration, even less when it comes to investing capital. We hope that our Bitcoin Circuit review has helped you prevented from a financial misadventure on time.
However, not all platforms of this type are dangerous. We have selected eToro as an exemplary case of security and good opportunities. On that operator, transactions can be made on numerous assets without taking any risks . It is not only reliable, but also gives proven results.
Frequently asked questions
Finally, we leave you the most common questions about this operator. We hope that here you will quickly find the answers to the usual doubts. We know that the path of cryptocurrency investments is long and we are confident in being part of it. Do not forget to write to our inbox.
⚙️ Does Bitcoin Circuit really work?
It does not seem to us that this is the case. All the opinions about Bitcoin Circuit they point out that this operator is unreliable and it does not generate profit . There is no evidence that its real users have made a profit on their investments. In addition, the company is not registered with any official institution for the purchase and sale of assets.
👎 Is Bitcoin Circuit a scam? Why?
All indications seem to point in that direction. How is it possible for it to work an investment trader without registration ? One of the possible answers is that Bitcoin Circuit is a scam . In addition, it is very suspicious that the company tries to attract its users deceptively, through false ads. It does not seem to us a reliable alternative at all.
🔒 Are there safe alternatives to Bitcoin Circuit?
Of course there are reliable brokers. Its essential features are the habilitation license and its registration in an official institution. Nail safe alternative , according to our criteria, is eToro. It is a recognized broker that generate profits in a proven way . Its users fervently recommend it, which is a sign of its good performance.
✔️ What elements should I take into account when choosing a broker?
The first thing that should be taken care of is the presence of a official qualification certificate . These credentials are issued by the institutes that register legal companies. It is also a good idea to consult investor forums to read reviews about the broker. In this way, one can make a compared with other operators.