Bitcoin Evolution Review 2020 - Is It Worth It?
If you have ever seen a cryptocurrency trading chart in real-time, you will notice how quickly prices move up and down. This is what we call volatility. On one hand, this volatility is a hurdle for a wide range of digital assets as it stops them from becoming consumer-friendly currencies which they can use for everyday transactions, while on the other, this quick movement creates narrow windows of opportunity for short-term traders. If they can figure out the pattern of the price movement, they can make a profit by buying at low and selling high.
As it turns out, although the science of reading a cryptocurrency price chart can be learned, it’s extraordinarily challenging due to the involvement of a multitude of factors. That’s why crypto trading bots like Bitcoin Evolution exist which don’t only identify these slim opportunities but execute the trade quickly to generate profits. Let’s see if Bitcoin Evolution is up to the task.
What Is Bitcoin Evolution?
Bitcoin Evolution is reported to be an automated cryptocurrency trading app which allows everyone to earn a passive income by purchasing and selling Bitcoin and other digital currencies. It is said to be based on a meticulous smart algorithm which has the capability of identifying profitable trading opportunities by evaluating different crypto markets.
Who Created Bitcoin Evolution?
Who founded Bitcoin Evolution is a mystery that hasn’t been solved yet. The founders of the smart crypto trading robot are as anonymous as the founder of the original cryptocurrency itself. However, we did find out that it was established in 2017 and in a brief period of three years, seems to have gained a great deal of popularity.
It is said that the fundamental idea behind the creation of Bitcoin Evolution was to come up with easy-to-use software. An application which can make the most of the narrow chances opening new opportunities to make money for everyone – especially those who don’t have a lot of time or technical expertise but want to get into trading to generate additional income for themselves.
Start Trading in 3 easy steps
Registering with Bitcoin Evolution is free and quite easy. You will need to fill in some standard personal information like your name, contact number, email address, and country before you can set up your account password.
Once you've registered, you have to deposit your minimum working capital which is $250. We recommend you go with the minimum at the initial stage so you can familiarise yourself with how everything works before investing more money.
Now you are ready to start trading. Try the demo account first to learn the UI and how crypto trading works. Then you can switch to real trading where you will be required to set your trading preferences and the bot will execute trades accordingly.
Pros & Cons
Key Features of Bitcoin Evolution
Quick Withdrawal of Profits
While many cryptocurrency trading platforms make their users wait for a week, that's not the case with Bitcoin Evolution. You can withdraw your profits within a period of 24 to 48 hours. Both your capital and profits remain accessible to you.
Higher Trade Success Accuracy
Relative to other trading bots, Bitcoin Evolution's software is said to be considerably more accurate due to a highly sophisticated algorithm. The website also states that Bitcoin Evolution receives continuous updates and optimisation from the developers for further improvement.
Free & Quick Registration
In order to create your account, you don't have to jump through a number of hoops. It's free, quick, and easy and doesn't ask you to share a lot of personal and social details. Within half an hour, you'd be ready to start trading.
Trading Bot for Everyone
Whether you are a professional crypto trader or someone who knows little to nothing about cryptocurrencies, Bitcoin Evolution is said to be designed to work for everyone. Using the automated trading option, you can start trading cryptocurrencies without having to deal with too many complex technicalities.
Safe & Secure
The trading platform has a robust security mechanism in place to ensure your account and funds always stay safe. Using encryption and other modern security measures, the app prevents data breaches and keeps hackers and cyber attackers from compromising users' accounts.
Automated Technical Analysis
One of the most challenging aspects of manual crypto trading is analysing markets and deducing the price patterns to make the right calls. This isn't only time consuming but mentally exhausting as well. Bitcoin Evolution's automated trading bot does the deep market analysis on your behalf.Accessible Customer Service
If you have any questions or concerns, you can always reach out to their customer representatives. We attempted to get assistance from one of the customer reps and while we had to wait for a couple of minutes, we did receive satisfactory answers to our queries.
Multiple Payment Modes
For the convenience of its users, Bitcoin Evolution provides the option to deposit and withdraw your funds through different modes. This ensures that everyone from any part of the world can deposit their minimum working capital and receive their profits without having to go through any hassle.
Is Bitcoin Evolution Legit?
With a trading app that claims to make you hundreds of dollars every day, it’s natural that many people question its legitimacy. We looked into the trading bot and the business and evaluated it from different aspects. We are fairly certain that Bitcoin Evolution is a legitimate cryptocurrency trading bot. For starters, it has been around for years and thousands of people have made a lot of money which is evident from testimonials which can be found all over the internet. We also reached out to customer service and got satisfactory responses to our questions.
Reviewing the bot itself revealed that it’s based on the modern economic and financial modelling which helps experts identify narrow opportunities within different financial markets. The creators have reportedly turned that into a robust algorithm and automated the entire process to the point where the bot only needs initial parameters to start executing trades.
5 Reasons to Use Bitcoin Evolution for Trading
You can use Bitcoin Evolution's smartphone application to continue your crypto trading during commutes, on the go and anywhere you want.
Secure Trading Platform
The trading bot uses SSL encryption and strong passwords to keep your information and funds safe and secure at all times.
Automated Trade Bot
With automated crypto trading, almost anyone can start trading by setting some simple parameters as the algorithm promises to do all the heavy lifting for you.
Multiple Payment Modes
You can deposit and withdraw funds using different payment modes including bank cards, wire transfers, and online money transfer services.
Using a demo account allows you to learn the system and test different trading strategies to optimise your process and increase profits.
What's the Best Way to Use Bitcoin Evolution?
Once you have registered, we recommend you start your trading with the demo mode. It helps you to gain insight into the service while you also learn about how to use different features. You can also use this mode to test your trading strategies and see how they’re working out.
Being a new crypto trader means you need to listen to what experts are saying. In the early stages, you may want to stay away from manual trading and only use the automated trading mode. It does all the technical calculations on your behalf and executes trades at the most opportune moments. Always define your stop loss and take profit limit for risk management.
Has Bitcoin Evolution Ever Appeared On TV?
All popular services have a host of rumours that surrounds it and Bitcoin Evolution isn’t an exception. It has been rumoured that the well-known trading bot’s initial idea was pitched on British and American capital investment shows. We looked into the matter to see if these claims hold any water.
Many technology ideas including money making websites have made their way to the Dragons’ Den over the years. However, none of them bears any resemblance to the algorithm that’s behind Bitcoin Evolution. Being one of the most successful crypto trading bots, it has never needed investment and is self-sustained so far.
Identical claims were made regarding Bitcoin Evolution being pitched on the US investment show named Shark Tank. But, our research shows that none of the episodes have aired anything that comes close to this trading platform. Social media accounts of Kevin O’Leary, Mark Cuban, Lori Greiner, and other sharks don’t mention the trading bot either.
Has Bitcoin Evolution Ever Been Endorsed by a Celebrity?
The rumours surrounding Bitcoin Evolution haven’t been limited to investment shows but similar claims have reared their heads about different celebrities. We carried out due diligence to find out if there’s any truth to these claims.
Prince Henry & Meghan Markle
Claims were made that the former Duke and Duchess of Sussex, i.e. Prince Henry and Meghan Markle, have invested in Bitcoin Evolution and while the royal couple may have shown interest in Bitcoin, there’s zero evidence to support the claims.
It was also rumoured that the billionaire and founder of Tesla has endorsed Bitcoin Evolution to promote cryptocurrencies and bring them into the mainstream. However, our in-depth research revealed that there are no links between the electric car revolutionist and the crypto trading bot.
Another rumour claimed that the star of shows like Masterchef, Hotel Hell, and Kitchen Nightmares, Gordon Ramsay, has invested in using this auto trading bot. Again, there’s no evidence from any credible news source or Gordon’s own official accounts that he’s associated with this platform.
5 Ways You Can Maximize Success With Bitcoin Evolution
You always need to be wary of the fact that irrespective of how exceptional any software is, when it comes to trading, nothing can be successful 100% of the time. There are always some unknowns and unpredictable circumstances which can go against your odds. This is why it is necessary that you learn risk assessment and management to ensure you’re not putting your financial well-being at risk.
Invest An Amount Which Won’t Break You
If investing $1,000 is a big deal for you and you will feel the pinch if you lose it, don’t invest $1,000. You need to find a ceiling where the potential loss of your investment won’t be a huge problem for you. For some, it may be $300 and for others, it might be $3000. As smart as this trading bot is, there will be few instances where it won’t be successful and you need to treat every trade like that.
Start with the Minimum Deposit
Instead of trying to go big, it is recommended that you should start small. Only invest the minimum deposit at first to test the waters and see if you can find your feet. Once you have got the handle of everything, you can gradually increase your working capital fund. Never go all in, as it takes one bad trade to wipe all your gains. Instead, spread your investments into smaller and more frequent trades so you have more chances of making money. This way you will be able to minimise your risk.
Keep a Part of Profits to Yourself
When you hit a home run in trading, the initial instinct is to invest all the profits back so you can double or triple your investment. That’s an extremely poor trading strategy. In short term trading, you have to be very careful and cautious at every step. That’s why it’s imperative that you keep some percentage of profits to yourself and only invest back a fraction of it. This will allow you to acquire wealth over time instead of trying to do it at once and losing everything.
Keep a Book of Your Financials
You don’t necessarily need to hire an accountant but it’s a good idea to keep at least an informal record of whatever you’re putting in and withdrawing from Bitcoin Evolution account. This will help you keep track of your own money and you may also need this information to calculate your capital gains tax.
Learn Trading from Crypto Experts
One of the ways to get better at trading is to learn cryptocurrency trading from experts. Although this trading bot will do the heavy lifting, you still need to specify trading preferences. By becoming a better trader you’d be in a position to use the bot in different ways and try multiple strategies to see which ones yield the highest profits.
If you are searching for a way to generate steady second income for which you don’t have to invest a lot of effort, time, and money; Bitcoin Evolution may be the right option for you. Just don’t expect your profits to live up to the hype of their marketing claims but you’d be able to earn enough to complement your primary income.
Also keep in mind that before you go into crypto trading, think with your mind, not your heart. Manage your risks, listen to the experts, and always invest sums loss of which won’t cripple you financially if you were to lose them.