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Bitcoin Evolution Review 2022 - Is It Legit or a Scam?

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Author: Onose Enaholo Updated: September 9, 2022

Bitcoin Evolution is a crypto trading bot that analyses the crypto market and trades crypto for its users. Once set up, its AI-powered software executes trading strategies without human intervention.

Trading bots are becoming more popular as traders look for an edge to profit from the increasingly automated crypto market.

Our Bitcoin Evolution review dives into the trading bot, how to use it, its pros and cons, factors to consider before using it, whether or not it is legit, and how to get started.

Bitcoin Evolution Summary

Minimum Deposit$250
Fees and Commission
2% levied on profitable accounts
Claimed Success Rate90%
Supported Cryptocurrencies4+
Deposit and Withdrawal FeesNo deposit or withdrawal fees
Trading PlatformMT4
Demo Trading AccountYes
VerificationYes, NYC
RegulationsCyprus Securities Exchange Commission (CySEC) regulated broker partners

What Is Bitcoin Evolution?

Bitcoin Evolution is a trading bot that has reportedly ensured free and convenient cryptocurrency trading for thousands of amateur investors and seasoned professionals.


It is powered by an AI algorithm that studies price patterns, monitors news trends, predicts the best buy and sell times, and executes sub-second trades that benefit from price changes.


The bot works with regulated brokers to enforce stop losses and take profit levels, and access user funds. Once set up, Bitcoin Evolution will run in the background unencumbered, making trading a semi-passive income stream

Who Created Bitcoin Evolution?

Not much is known about Bitcoin Evolution’s creators, and this is a common thing in the crypto space. Founders often choose to hide their identities for privacy and security reasons.


However, the norm is a team of developers, traders, and mathematics or finance professionals with years of experience in their respective fields.

How Does Bitcoin Evolution Work?

Bitcoin Evolution uses machine learning algorithms to study large price data sets and spot recurring patterns and trends. When it locks on to a certain pattern, it will execute winning trades when the pattern repeats itself.


The trading bot connects to a third-party broker and relays trade instructions via their trading terminal. For example, at an appropriate price point, the bot will send instructions to the broker to buy BTC and send another to sell when the price has appreciated to a predetermined level.


To ensure safety, Bitcoin Evolution never stores its users’ funds on its servers. Instead, it works with regulated third-party brokers to access and trade the funds. When users wish to withdraw, they can do so within 24 hours by filling out a withdrawal form.

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Pros & Cons

Pros

90% claimed success rate
Quick and free registration and verification proces
24/7 customer care helps with technical questions
Has a built-in demo account for practising trades
Automated bot makes crypto trading easier for everyone
Completely free trading with no hidden costs or fee
Easy and quick withdrawals in 24 hours

Cons

Few trading options can pose a risk to your investment
Some people may find a minimum deposit of $250 too high

Bitcoin Evolution Key Features

Zero fee structure

The Bitcoin Evolution trading software is free to use, according to its website. Unlike several competitors who charge a small commission per trade or a withdrawal fee for profitable accounts, Bitcoin Evolution claims to be completely free to use.

Demo mode

Beginners can use Bitcoin Evolution’s demo account to practise with real market data. While seasoned traders can use it to analyse and refine trading strategies before deploying them with real cash.

Customer support

Bitcoin Evolution has a customer service team on standby to help with any issues that may arise or to help users set up their accounts. They are reachable via email 24 hours a day, 5 days a week.

Number of cryptos available

Bitcoin Evolution supports 4 cryptocurrencies and several CFD pairs derived from those underlying cryptos. These cryptos include Bitcoin, Ethereum, Ripple, and Litecoin.


The trading bot does not trade the underlying cryptos, only CFDs derived from trading pairs between them and major fiat currencies.

Easy and Quick Withdrawals

The crypto trading platform enables you to withdraw your funds anytime you want. You get your payment within 24 hours of filling out a withdrawal form. You get up to 10 free withdrawals every calendar month, after which you pay a 1% withdrawal fee.

Factors to Consider Before Using Bitcoin Evolution

Before signing up for a Bitcoin Evolution account, ensure that its policies and processes don't hinder you in the future. We analysed metrics that give a realistic representation of how Bitcoin Evolution's processes perform in action. We also assigned a score out of five for each category.

Payouts: 4/5

Payouts occur relatively quickly, usually within 24 hours of a request. All you need to do is fill out a withdrawal form and wait for your funds to hit your brokerage account.

Verification System: 4/5

All new accounts need to be verified. You’ll need ID documents like a driver’s licence and a utility bill or bank statement to verify your account after registration.

Costs  and Fees: 5/5

With traditional Bitcoin trading services and platforms, you have to worry about a number of transactional costs like commissions, withdrawal fees, funds storage charges and other expenses. That's not the case with Bitcoin Evolution as it offers a completely free trading experience with no hidden costs.

Deposit and Withdrawal Limits and Methods

To begin using Bitcoin Evolution, you’ll need to deposit a minimum of $250. You can deposit using credit cards, PayPal, and bank transfers. For withdrawals, there is no minimum limit or charges.

User Testimonials: 4/5

While we did not find many online testimonials for Bitcoin Evolution, its site claims to have helped several users become profitable traders. As always, we advise you to trade with caution.

Customer Service: 5/5

Customer support on Bitcoin Evolution is available 24/5 via email. Agents are on standby to help set up your account and fix any issues you may face.

Affiliated Brokers: 4/5

When registering for a Bitcoin Evolution account, you can choose from a list of affiliated brokers. These brokers are established and regulated crypto brokers with a long-standing reputation in the cryptocurrency market.

How Does Bitcoin Evolution Compare?

The major decider between trading bots is how successful their algorithm is. At a success rate of 90%, Bitcoin Evolution is one of the best compared to other popular cryptocurrency robots. It is ideal for traders who want minimal contact with the trading interface.


Other robots like Immediate Edge and Bitcoin Up offer a similar automated experience but Bitcoin Evolution's fee-free structure makes it more attractive than many others.

Is Bitcoin Evolution Legit?

Since Bitcoin Evolution is an automated trading bot with multiple claims about profitability, we needed to ensure it is legit.


We reached out to the customer service of Bitcoin Evolution on three different occasions and we were able to connect with a customer representative every time. We found their answers satisfactory and were treated in a hospitable manner.


According to our findings based on researching online reviews and testimonials, it appears to be a reliable trading bot and is easy to use for new traders.

Is Bitcoin Evolution Safe?

Bitcoin Evolution is as safe as a trading bot could be. Client funds remain safe as they reside on a third-party broker. You can also set stop loss with your broker to implement proper risk management.


Also, when signing up to the trading platform, you are directed to a regulated broker to whom you submit proof of address documents. Bitcoin Evolution works with that broker to execute trades meaning that your financial info remains with the broker, not the trading bot.


So far, there have been no reports of data breaches or loss of funds due to security gaps.

8 Reasons to Use Bitcoin Evolution for Trading

Here are some reasons to use Bitcoin Evolution for trading:

Trade 24/7

Bitcoin Evolution runs 24/7. It does not tire or become disoriented, so you can run your strategy even while asleep. And because crypto markets are always open, you have more opportunities to make a profit.

Trade faster

Bitcoin Evolution can set and execute orders within a fraction of a second. It can spot trends and patterns that may elude the human eye and process more price data in a few seconds than a human could if given a week. A trading bot grants speed that is impossible for humans to achieve on their own.

Trade without emotion

Bitcoin Evolution will execute a set strategy as laid out. The bot isn’t affected by negative sentiments, it does not have to drum up the willpower to be disciplined in a bull market nor hold on to certain pairs because it is secretly rooting for the project. Bot trading is based on maths, hard data, and strategy.

Maximise arbitrage opportunities

With sub-second trading at your fingertips, you can profit from market inefficiencies that would be otherwise closed to you. You can program the trading bot to compare the prices of a coin, say Bitcoin, across multiple exchanges and take advantage of any discrepancies.

Manage risk

You can implement strict risk management policies to mitigate loss while maximising profit. And because you can test a strategy’s success rate with a demo account, you can calculate in advance your profit before trading.

Daily profits

Bitcoin Evolution claims to generate daily profits for its users via profitable trades. We cannot verify these claims and advise users not to blindly trust these types of promises.

Flexible Modes

Bitcoin Evolution comes with an automated and manual mode, making it suitable for any type of trader.

Demo Trading Feature

The option for demo trading is available for Bitcoin Evolution. It allows you to practice trading without having to use real money or cryptocurrency.

Best Way to Trade With Bitcoin Evolution

If you're new to Bitcoin Evolution, the best way to start trading is with a demo account. Demo accounts allow you to familiarise yourself with the UI in a risk-free environment and test your investment and trading strategies without having to put real money on the line.


As a new Bitcoin trader, it's a smart idea for you to rely on the automated mode instead of going for the manual mode. The auto mode only requires you to provide your trading preferences and define certain limits. Don’t forget to specify your stop loss and take profit limits that will allow you to manage your risk.


Conventional trading requires you to buy financial instruments such as CFDs to trade Bitcoin. That’s a cumbersome and drawn-out process as you must make decisions on things that you do not yet understand, a challenging experience for new traders who don’t have a lot of trading or crypto knowledge.


Bitcoin Evolution solves this problem since all you need to do is define trading parameters. The bot does the analytical assessment and order execution on your behalf.

Has Bitcoin Evolution Ever Appeared On TV or Media?

Due to the immense popularity and sudden fame of the Bitcoin Evolution platform, the trading bot became subject to a number of internet rumours. Some of these rumours proposed that the algorithm was pitched on investment shows in the UK and US to secure funding. We fact-checked the rumours to find out whether there is any truth to them or not. Here is what we found.

Dragons Den

With guests like Debora Meaden, James Caan, and Peter Jones, Dragons Den is a popular venture investment show across the globe. And while the show has hosted many innovators and technology startup founders, Bitcoin Evolution never featured on the show.

Shark Tank

Similar claims were made online that the algorithm was pitched on Shark Tank, a US version of Dragons’ Den. We didn't find any episode that features the algorithm.

This Morning

This magazine lifestyle, cookery, fashion and news show hosts several guests, many of them business owners and professionals. However, we did not find any episodes where a representative from Bitcoin Evolution was featured.

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Has Bitcoin Evolution Ever Been Endorsed by a Celebrity?

Rumours floated on the internet that the trading bot is endorsed by major celebrities known to back technology startups, especially cryptocurrency projects. Once again, we got to work to find out whether these claims hold any truth.

Martin Lewis

Martin Lewis is a financial journalist, broadcaster, and founder of MoneySavingExpert.com. He has been linked with many ways of making and saving money, so it stands that rumours concerning him and Bitcoin Evolution will rise. However, our findings show that he has not endorsed Bitcoin Evolution.

Richard Branson

The Virgin Group founder and global entrepreneur has always been a major supporter of cryptocurrencies like Bitcoin. However, no evidence shows that he is backing the Bitcoin Evolution website.

Elon Musk

The richest man in the world and founder of forward-thinking startups like Tesla and SpaceX was said to be backing Bitcoin Evolution. Once again, our assessment reveals that while he is a big fan of decentralised projects, Elon Musk did not officially endorse Bitcoin Evolution.

Lorraine kelly

Loraine Kelly is a popular TV presenter for shows like This Morning, ITV, and The Sun. Our findings show that she has never endorsed Bitcoin Evolution.

Gordon Ramsay

The popular celebrity tv chef owns a restaurant and a show that focuses on food and cuisines. He does not speak publicly about crypto, hence, claims about Gordon Ramsay endorsing Bitcoin Evolution are false.

Bill Gates

The popular tech billionaire is known for his aversion to crypto. He has not thrown his support behind any crypto project in the past and the same holds for Bitcoin Evolution.

Jeremy Clarkson

Jeremy Clarkson is known for his wit, charm, and auto experience on the show Top Gear. However, we did not find evidence linking him and Bitcoin Evolution.

Tips for Using Bitcoin Evolution Safely and Managing Risk

If you are looking to manage your risk in an effective manner, the following tips can help you out a great deal.

Keep a Record for Tax Purposes

One of the smart things to do for all traders and investors is to keep a record of their trades including the amount of capital investment as well as profits earned for tax purposes. This will enable you to know how much money you have made using Bitcoin Evolution, allowing you to calculate the tax you owe to the government. Remember that different countries have different crypto tax laws.

Start Small

Many new investors make the mistake of putting all of their money into a single trade which is very risky. The first rule of trading is never to use more than you can afford to lose. This way, if a trade doesn't work out in your favour, it will not compromise your financial situation. 

Only Invest What You Can Afford To Lose

Many investors, especially those just starting out, get carried away and put all or most of their savings into trades. Make sure that whatever amount you invest does not put you at financial risk if the trade does not go in your favour. Always make informed decisions based on facts and analysis to minimise your risk as much as possible.

Save Some Profits

While it is a very tempting option to put all of your profits back into trades when you are on a roll, it's hardly a smart trading strategy. When you are trading through the Bitcoin Evolution app, it is recommended that you make a habit of saving a certain percentage of your profits. For instance, you can set aside 50% of your profit to ensure you don't lose all of your money if the next trade isn't favourable. 

Learn About Cryptocurrency

Learning more about crypto puts you in a better position to make profitable decisions. You can incorporate your knowledge into your crypto strategy to increase your profit potential.

How to Use Bitcoin Evolution - Step-by-Step Guide

1. Register for a Bitcoin Revolution trading account

The first phase of registering for an account requires an email address and a phone number. After creating the account, you’ll need to submit KYC documents like an ID and proof of address.

2. Sign up with a partner broker

While registering, Bitcoin Evolution will refer you to a partner broker. You’ll need to sign up for an account with one of them if you do not already have one. Similarly, you’ll need an ID card and proof of address document. However, some brokers may require proof of your source of funds.

3. Develop a trading strategy

This is where you can try new strategies, use already existing ones, or develop your own custom strategy. Bitcoin Evolution provides a lot of educational material so even users with no trading experience can begin using the bot.

4. Practice using the demo Bitcoin Revolution trading account

Ensure your strategy works as intended by first testing it in the demo trading account. In the demo test, you are training the model to recognise the specific parameters of your strategy in the market, making execution more efficient.

5. Make a deposit

You can now deposit funds into your account to begin trading. The minimum deposit is $250 sent to your broker, not Bitcoin Evolution. Check the broker’s deposit methods and limits for more accurate details on what payment channels are available to you.

6. Set up automatic trading

Setting up automatic trading involves formulating values for the key parameters in your strategy. Every strategy has an entry point, an exit point (also called take profit), and a stop loss.

The entry and exit points are pretty straightforward: price points where you open and close the trade, respectively. However, the stop loss is a price point below the entry-level for buy trades where the bot will close your position if your trade doesn’t work out.

Stop-loss is a risk management policy determined by the amount of money you are willing to risk for every trade. A rule of thumb is to never risk more than 3% of your total account value on a single trade. Going by this, you should place your stop loss at a price where the loss will be less than 3% of the total value of your trading account. 

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our ‘why trust us’ and ‘how we test’ pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Bitcoin Evolution review.

Bitcoin Evolution Review - Final Thoughts

Bitcoin Evolution is an automated trading robot that helps users automatically to trade Bitcoin and other cryptos. The software is powered by a machine learning model that analyses previous price data to find recurring patterns. It then executes winning trades when these patterns are repeated in the market.

With a user-friendly interface, free trading system, a demo mode, and quick withdrawals, Bitcoin Evolution offers a compelling trading solution for both beginner and experienced traders. However, before you start trading, ensure that you are only investing what you can afford to lose and minimise your financial risk.

Before jumping in, ensure you are comfortable with their processes and limits. For example, the minimum you can deposit is $250.

To open an account, sign up on their registration page and verify your account. Decide on a strategy, deposit your funds, and watch the bot make you money. For more details on how to get started with Bitcoin Evolution, read our how-to-use Bitcoin Evolution section.

Alternatively, if you’d rather rely on other reputable trading bots, you can choose from other options. Some of the other robots reviewed by us in the past include Bitcoin Era, Bitcoin Profit and Bitcoin Prime.

Frequently Asked Questions

  1. The trading bot is made for people like you, who aren't crypto experts but want to make the most of trading opportunities.
  2. No. You just need to review the performance periodically to see if the bot is doing fine.
  3. Theoretically, there is no limit. It depends on a number of factors including market volatility and invested capital.
  4. It takes you 15-30 minutes depending on your internet connection speed. You should be ready to trade in no time.
  5. Bitcoin Evolution uses modern security measures including SSL encryption to prevent data breaches and keep your funds safe.
  6. The service offers multiple payment modes including wire transfers, credit and debit cards, and online payment services like Skrill.
  7. While being informed about the trading and cryptocurrency market isn't mandatory, it can help you make informed trading decisions. That being said, a new trader can also rely on the automated mode to invest in cryptocurrencies.

  8. Profitability depends on the amount of capital deployed and the trader's experience level.

  9. Bitcoin Evolution isn’t demanding when it comes to requiring your attention. All you need to do is set your preferences and let the bot do its work. You'll need to check in periodically to ensure the bot is working properly.

  10. Submit a withdrawal form and wait for your payment to arrive. Processing time is usually 24 hours.

  11. That is highly unlikely. Bitcoin Evolution reportedly implements advanced security measures like SSL encryption to ensure that all the communication between you and the bot is encrypted.

  12. While there have been many reports of Bitcoin Evolution endorsements by celebrities like Elon Musk and Richard Branson, our findings found no truth to these rumours.

  13. The signup and verification process on Bitcoin Evolution is quite easy and quick to complete. You will need less than half an hour to get going.

  14. Yes. You can rely on the demo account to familiarise yourself with the trading bot and test investment strategies risk-free.

  15. Bitcoin Evolution is a trading bot that automatically buys and sells crypto on behalf of its users. It uses an algorithm to spot patterns in price trends and profits from them.

  16. Unfortunately, there is no native Bitcoin Evolution app. It is still a browser-based platform.

  17. Yes. You can make money with Bitcoin Evolution as the platform provides the necessary software and learning materials to ensure you deploy sound strategies.

  18. No. Bitcoin Evolution does not charge commissions or any other fees.

  19. Yes, Bitcoin Evolution has a free demo account. This demo trading feature will allow you to practice with the how the bot works without trading real money or cryptocrrency.

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