Cryptocurrencies, and especially Bitcoin, are becoming increasingly popular and difficult to avoid. While it is possible to make a lot of money from investing in Bitcoin, there are also many scam sites that spread on social media, such as the Bitcoin Circuit scam. This site will lead to you losing all the money you invest in it.
The Rise of Scams on Social Media
Scams like Bitcoin Circuit are becoming more common on social media, particularly on Facebook. These scams use fake articles and celebrity endorsements to lure people in and make the site appear legitimate. Bitcoin Circuit is just one of many sites that engage in this type of scam. It has become increasingly common to see scam sites attempting to trick people into investing in Bitcoin.
The Dangers of the Bitcoin Circuit Scam
Investing in the Bitcoin Circuit scam will not allow you to make money from cryptocurrencies. When you make a deposit on the site, you will never see your money again. Instead, we recommend investing through a regulated broker like eToro (in the UK only real crypto positions is available, CFD crypto is not supported), which are safe and reliable options.
How the Bitcoin Circuit Scam Works
The Bitcoin Circuit scam claims to have an advanced computer system that can predict market movements and make money even when the market is falling. All you have to do is sign up, make a deposit, and watch your investment grow. However, this is all a lie. The site is not advanced and is simply trying to steal your money.
How the Scam Lures You In
The Bitcoin Circuit scam uses fake testimonials and celebrity endorsements to lure people in. When you visit the site, you will see many fake testimonials from people who claim to have made a lot of money through the site. These testimonials are not real and are simply actors hired to make the site appear legitimate. In Sweden, it has been falsely claimed to be endorsed by a number of famous celebrities such as Zlatan Ibrahimovic.
Protecting Yourself from Scams
To protect yourself from scams like Bitcoin Circuit, you should be careful what you click on and read online. Do not believe everything you read, especially if it seems too good to be true. Be skeptical of any site that promises quick and easy money. You should also research the site before investing any money, check if it is regulated, and look for reviews from real people. Finally, never invest more money than you can afford to lose.
Our goal with our review of Bitcoin Circuit is to help you understand that it is a scam. Unfortunately, there are Google reviews suggesting that Bitcoin Circuit is not a scam, and that all other reviews have gotten it wrong. These are websites that also appear legitimate and contain other information on the site. These are, again, the people behind the scam who are behind these reviews.
1. Registration on Bitcoin Circuit
When you click on the ad to register with Bitcoin Circuit, it takes you to the Bitcoin Circuit website, where you must start an account. Setting up an account is fairly easy. You must fill in personal details such as your email, phone number, your name, and then verify this with your Bank ID or other identification solution. As soon as you do this, Bitcoin Circuit has your details. This is when the calls and spam will begin.
During the registration, there is also a countdown clock. It is designed to stress you into making a deposit so you can start making money with Bitcoin immediately. To start your Bitcoin Circuit account, you must make a minimum deposit of 250 euros.
2. The people behind Bitcoin Circuit will call you at least 50 times
Once you have given out your details, someone from Bitcoin Circuit will call you almost immediately. They will not stop calling you, and you will receive more than 50 calls. The person calling you will welcome you to Bitcoin Circuit and explain how it works. They will tell you about the benefits of Bitcoin Circuit and why you should make an even larger deposit.
However, it is not just Bitcoin Circuit that will call you. Other scam companies will also call you. This is because the people behind Bitcoin Circuit will sell your information to other companies. This clearly means that the calls will just continue and continue.
3. They want you to deposit at least 250€
When they call you, they will ask you to make a minimum deposit of 250 euros – if you have not already done so. However, they are not satisfied there, they will explain that it is better if you make a larger investment. Often, more sites like these ask for a deposit of at least 1000 euros – or around 10,000 kronor. They will explain that it is better to make a larger investment, because then you can make more money.
4. When you deposit money into Bitcoin Circuit
Once you have made a deposit with Bitcoin Circuit, you will have access to their advanced trading system. You can access this system either via your computer or via an app. It appears that your money is actually being used to buy and sell Bitcoin. It is the trading robots that decide when it is right or wrong to buy or sell.
However, the problem is that the trading robots are not real. They are just a way for the people behind Bitcoin Circuit to get your money. The trades never actually take place, and you will never see any profit. Your money will simply disappear, and you will never hear from Bitcoin Circuit again – unless they want more money from you.
How to open an account with eToro instead
If you are truly interested in becoming a Bitcoin investor, there are many safe trading platforms you can use. eToro is one of these, and is a regulated broker that is regulated by CySEC.
What are the advantages?
- Regulated trading platform
- Offers a demo account
- Does not call its customers
- All transactions are protected
- Minimum deposit 100 euros
- You choose what you want to invest in yourself
How to protect yourself from the Bitcoin Circuit Scam
Knowledge is the most important thing when it comes to keeping yourself safe from scams on the internet today. The people behind Bitcoin Circuit are smart and have been working on this scam for many years. It is therefore important to always check everything thoroughly. Do not make a deposit if you are not completely sure that it is a regulated website. If you do a quick Google search, you can also quickly find out if it is a scam or not. If there are many articles and reviews that say it is a scam, then you should trust this information.
One thing you should not forget is that Bitcoin is a long-term investment that you will not become rich in overnight. It requires knowledge and patience, and you must understand the market yourself. If you understand how to buy cryptocurrency, then you will not be able to be fooled.
If you see an ad on Facebook about Bitcoin Circuit or a similar site, you can also report this to Facebook. This makes it easier to take down ads that deceive people. Even if you do not fall for the scam, there is a chance that someone else will.
In conclusion, the Bitcoin Circuit scam should be avoided. While there are legitimate ways to invest in Bitcoin and other cryptocurrencies, Bitcoin Circuit is not one of them. Instead, we recommend investing through a regulated broker like Binance or eToro, which are safe and reliable options that will not result in you losing your money.
Frequently Asked Questions (FAQ)
How many scam sites are there?
There are hundreds of different scam sites that work just like Bitcoin Circuit. There is also evidence to suggest that many of these platforms are exactly the same, but just have different names. The most important thing is to always check the site carefully before making a deposit.
Is there a risk to investing?
Yes, it is important to remember that there are risks with Bitcoin and investing. So only invest if you can afford to lose your capital.
What are the signs that a site is a scam?
There are many signs to keep an eye on to protect yourself from falling victim to a scam.
– They say you can earn thousands in one day
– There are reviews and opinions that say it is a scam
– What they offer seems too good to be true
– They call and harass you
– The website does not look professional
Can I get my money back if I’ve already invested?
It is difficult to get your money back once you have made an investment with a scam site. However, you can try to contact your bank and see if they can help you get your money back. It is also important to report the scam to the authorities so that they can try to shut the site down and prevent others from falling victim to it.