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Circle Bitcoin Wallet

3.9 Follow

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Anonymity

Ease of use

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The Circle app is well designed and easy to use with a whole host of features enabling easy money transfer and syncing with your traditional bank accounts. Circle fully insures your bitcoin deposits through Lloyds of London underwriters.

The circle wallet has the following features.

Connect your bank account and credit cards to easily move money to and from your Circle account.
When you convert money from a linked bank account to bitcoin, you don't pay any fees.
Send bitcoin to contacts via email.
Scan bitcoin QR codes to make instant payments.
Request bitcoin from contacts via email.
Generate your own QR codes to receive bitcoin from others.
Get started with a new Circle account in minutes.
Set a PIN code for easy access to the Circle app once you're signed in.
Get timely help from a friendly support team.

Circle has improved the speed of UK withdrawals from 1-4 days to almost instant withdrawal speed.

Expert Review

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3.9 out of 5

The Circle bitcoin wallet is a centralized, low anonymity, easy to use an online web browser and smartphone supported Android and iOS wallet. It only supports Bitcoin (BTC). It allows users to link their circle account with their bank accounts and purchase bitcoin through banks with zero fees or withdraw the bitcoin funds to their bank account(In UK withdrawal service take from 1-3 days to instant withdrawal) while the bitcoin deposits are insured through Lloyds of London underwriters. Transactions can be made through emails, QR code and it has a 2 Factor Authentication but lacks Hierarchical Deterministic and Multi-Signature and is not open source. The private keys are stored by a third party without encryption.

User Review

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tdd09 april 2018, 19:06

If I were a UK citizen, I would definitely use this wallet as it makes bitcoin purchase and conversion pretty easy. But as I would have to reveal my identity that is by linking my bank account to the wallet, It would still be worth it.

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