The cryptocurrency crazy continues, even as the prices of bitcoin and other digital coins remain volatile. Because of the extreme volatility, it can be quite difficult to catch cryptocurrencies while they are cheap and sell them after the price goes up. However, trading software such as Bitcoin Circuit automates the process, so you don’t miss out.
How does bitcoin trading software work?
Bitcoin trading software is also known as a bot, and it makes trading in cryptocurrencies automatic, so traders don’t have to take a hands-on approach. Trading software is given permission to make cryptocurrency trades on the user’s behalf. The software decides what and when to buy and sell according to the movements in the market. The user sets specific rules to enable the software to buy and sell according to their parameters.
Trading using software algorithms isn’t new with the introduction of cryptocurrencies. Traders have been using such technology in other financial markets for many years. One way in which crypto bots do differ from the bots used in conventional investing is that individual traders’ computers can have direct access to the cryptocurrency exchange’s electronic order books.
What is Bitcoin Circuit?
Bitcoin Circuit is one example of popular bitcoin trading software. The platform includes a mobile app and boasts a 99.4% level of accuracy in trades. Some traders who use the software have been able to double, triple or even quadruple their money. However, it’s important to note that not everyone is guaranteed success. There is always risk involved in trading, especially when it comes to cryptocurrencies.
Bitcoin Circuit’s app has won several awards though, which backs up its claim of having such a high level of accuracy. One of the app’s most recent awards was number one in the U.S. Trading Association’s trading software category.
This post is sponsored content. Trading cryptocurrency is extremely speculative and highly risky. You should not invest any more money than what you can afford to lose.
Here’s how Bitcoin Circuit works. Users start by registering on the site. After the registration is accepted, they become a member of the Bitcoin Circuit and gain access to the app’s bitcoin trading software. Registered users then must fund their account with at least $250. Finally, users simply click “trade” when they are ready to begin trading using the software. Bitcoin offers both automatic and manual settings for those who wish to do things by hand instead of allowing the bot to do it.