Bitcoin Evolution Review 2023 - Is it Legit or a Scam?

Bitcoin Evolution
Fact Checked
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Bitcoin Evolution is a crypto trading bot that makes day trading easier by analysing the crypto market and executing profitable trades for its users. It is powered by an AI algorithm that executes trading strategies without human intervention.

As trading bots become popular, traders need to know which ones they can trust, and which to stay away from.

Our Bitcoin Evolution review dives into the trading bot, how to use it, its pros and cons, factors to consider before using it, its legitimacy, and how to get started.

Our Investigation Result: Bitcoin Evolution Seems Legitimate!

Having undertaken extensive research and investigations, we can assume that Bitcoin Evolution may well be a legitimate crypto trading platform. All claims made by the platform appear to be accurate.

If you are interested in signing up for a free account with Bitcoin Evolution, then use the link below to get started and an account manager will walk you through the process.

Bitcoin Evolution Summary

Minimum Deposit

$250

Fees and Commission

2% levied on profitable accounts

Claimed Success Rate

90%

Supported Cryptocurrencies

4+

Deposit and Withdrawal Fees

No deposit or withdrawal fees

Trading Platform

MT4

Demo Account

Yes

Verification

Yes. KYC

Leverage

5000:1

Table of Contents

What Is Bitcoin Evolution?

Bitcoin Evolution is a trading bot that makes day trading easier by automating the technical analysis needed to navigate price action, and the trade execution process needed to enter and exit positions profitably.

The bot allows new traders, advanced traders, and non-traders to make money from the crypto market without expending as much effort as manual traders. Once set up, Bitcoin Evolution will run in the background unencumbered, making trading a semi-passive income stream.

Who Created Bitcoin Evolution?

Founders in the crypto space often choose to hide their identities for privacy and security reasons as several projects often become multibillion-dollar protocols. Hence, not much is known about Bitcoin Evolution’s creators.

However, the trend is usually a team of developers, traders, and mathematicians 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. It ingests crypto price data and runs it through its statistical algorithms to uncover strong correlations between various aspects of price, called price variables.

Usually, the algorithm parses both live and historical market data and backtests strategies against historical data to gauge its chances of success. When an established pattern passes the backtesting process, the bot will use it in similar market conditions in a live environment.

The bot has automated and manual modes. With the automated mode active, the bot executes trades with high profit probabilities without human intervention. With the manual mode, the bot will send trade notifications to users to execute trades themselves.

To execute trades, Bitcoin Evolution uses financial instruments called Contracts for Differences (CFDs) that track the price of an underlying asset like stocks, bonds, or cryptocurrency.

These contracts pay the difference between their opening and closing price to the contract initiator. If this difference is positive, it is a gain. If negative, it is a loss.

CFDs help promote capital efficiency by tracking price volatility. Traders do not need to own the underlying asset to use CFDs.

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.

1
Min. Deposit
$ 250
Promotion
User Score
4
Get Support From A Free Advisor
Analyse 1000s of Market Data
Join Top Successful Traders
Start Trading
Description:
Payment Methods:
Credit Card, Debit Card, Wire Transfer
Full Regulations:
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Pros & Cons

Pros

  • 90% claimed success rate
  • Quick and free registration and verification proces
  • 24/5 customer care helps with technical questions
  • Has a built-in demo account for practising trades
  • Transparent pricing
  • Easy and quick withdrawals in 24 hours

Cons

  • Some people may find a minimum deposit of $250 too high

Bitcoin Evolution Key Features

Transparent Fee Structure

The Bitcoin Evolution trading software lays out all its fees so customers know how much trading will cost. It is also cheap as the only fee charged is a 2% commission on profit. Other chargeable activities like deposits, trading, withdrawals, and software maintenance are free.

Demo mode

The demo account uses real historical and live market data to create a simulation that is exactly like the live market. It creates an environment for traders to sharpen their skills and refine their strategies by trading the market without risking capital.

Customer support

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

Automated Trading

Bitcoin Evolution features an automated trading mode that executes trades on behalf of its users. This is perhaps its most popular and useful feature. It works with trading strategies to generate profit for users.

Easy and Quick Withdrawals

With Bitcoin Evolution, you can withdraw your funds anytime you want. You get your payment within 24 hours of filling out a withdrawal form.

Factors to Consider Before Using Bitcoin Evolution

Before signing up for a Bitcoin Evolution account, ensure that its policies and processes are favorable to your trading personality. We analysed metrics that paint a realistic picture of how Bitcoin Evolution performs in action. We also assigned a score out of five for each category.

Withdrawals: 4/5

Withdrawals are relatively quick, usually within 24 hours of a request. All you need to do is fill out a withdrawal form, usually found in the account dashboard, and wait for your funds to hit your brokerage account.

When we tried withdrawing, we found that we had to verify that we were the owners of the account. We believe this is an extra security measure to ensure that nefarious actors cannot withdraw user funds even if they gain access to the accounts.

Verification System: 4/5

All new accounts must pass KYC verification to prevent fraud. You’ll need a government ID like a driver’s licence and a proof-of-address document like a utility bill or bank statement to verify your account after registration.

We found the verification process easy and swift. It shouldn’t take more than 20 minutes if all documents are available.

Costs and Fees: 5/5

The trading cost on Bitcoin Evolution is minimal. The platform doesn’t charge fees like deposit fees, withdrawal fees, execution fees, account opening or maintenance fees, or software licencing fees. All it charges is a 2% commission on profits made.

We found Bitcoin Evolution to be a cheap trading companion.

Funding Limits and Methods: 4/5

To begin using Bitcoin Evolution, you’ll need to deposit a minimum of $250 through credit cards, PayPal, or bank transfers. There are no minimum limits or charges for withdrawals.

We found it easy to fund our account because we were familiar with the accepted methods. We also found that credit cards were the fastest and easiest way to deposit funds, especially for users who do not have access to the accepted currencies.

User Testimonials: 4/5

Bitcoin Evolution’s website claims to have helped several users become profitable traders. Our search yielded positive results as we came across several sources that corroborate its claim. Nonetheless, we advise you to proceed with caution.

Customer Service: 4/5

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.

We reached out to agents on several occasions and were able to get in touch with them. However, a lack of phone or live chat service slowed down response time.

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 with a long-standing reputation in the cryptocurrency market.

Most of these brokers seem to be regulated, but we cannot guarantee that all are. We advise you to research the broker you intend to use before signing up with them.

How Does Bitcoin Evolution Compare to Other Autotraders?

Bitcoin Evolution is not the only bot on the market. Several other companies offer similar features with slight variations. These bots offer a similar automated experience, but Bitcoin Evolution's fee-free structure makes it more attractive than many others. Some others include:

  • Immediate Edge: this trading bot has a wide global reach, offering services to users in over 150 countries.

  • Qumas AI: this bot is tuned for multiple, short-term trades. A great companion for core day traders.

  • 7Teslar: this bot is suitable for beginners as it makes trading as hands-off as possible

  • Oil Profit: this bot also trades CFDs of commodities like oil.

  • Quantum AI: this bot uses machine learning models to increase accuracy.

Is Bitcoin Evolution a Legitimate Autotrader?

To gauge legitimacy, we research two key factors, namely customer reviews and customer service.

For customer reviews, we rummaged through online reviews from high-quality review sites with strong domain scores and word-of-mouth anecdotes. We ensured that we were aware of biassed reviews from sites that get paid to advertise the bot, or from the bot’s site itself.

When reading from third-party websites, we ensured that they were neutral (like Trustpilot or Yelp) and had high SEO domain scores as a sign that both algorithms and humans believe the sites provide useful and accurate information.

To gauge customer service, we reached out to Bitcoin Evolution’s support and were able to connect with a customer representative. We found their answers satisfactory and were treated in a hospitable manner.

Running an effective support team as Bitcoin Evolution does can be capital-consuming, especially for multiple countries. Hence, scam projects will be unwilling or unable to afford it.

According to our findings based on researching online reviews and testimonials, it appears to be a reliable trading bot.

Is Bitcoin Evolution Safe?

Bitcoin Evolution takes measures to ensure that user funds are kept as safe as possible. The bot stores client funds with third-party brokers to ensure that an attack on their system will not put capital at risk.

These brokers are usually regulated by recognized global agencies like the Cyprus Securities Exchange Commission (CySEC) and implement industry-standard information security measures.

Also, the platform requires new users to verify their identities by submitting KYC documents. In addition to this, user data is stored behind state-of-the-art firewalls and SSL encryptions.

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

5 Reasons to Use Bitcoin Evolution for Trading

Here are some reasons to trade with Bitcoin Evolution:

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 at incredible speeds, usually within a tenth of a second (0.1 seconds). It can spot trends and patterns as they arise and open positions early enough to profit from small movements.

Trade Without Emotion

Bot trading is based on maths, data, and computation. Once a strategy has been set, the bot will work with it judiciously, regardless of the general market sentiment (unless it has been programmed to incorporate sentiment analysis into its strategy).

Manage Risk

You can implement strict risk management policies across several trades simultaneously to mitigate loss while maximising profit. You can also test your risk management policies in the demo mode to ensure they are effective before deploying them live.

Flexible Modes

Bitcoin Evolution comes with an automated and manual mode, making it suitable for traders at different points in their journey. New traders can use the demo mode to learn trading fundamentals and then rely on the automated mode to execute trades on their behalf.

Advanced traders can use the manual mode to implement sophisticated strategies and even reprogram the bot if needed.

Best Way to Trade With Bitcoin Evolution

The best way to start trading is with a demo account. The demo account creates an environment in which you can familiarise yourself with the platform and its features, learn the trade execution process, and learn how to develop and test trading strategies.

The demo account uses real market data to create its simulated environment, so for all intents and purposes, you are trading in the real market, without risking real capital.

After using the demo mode to develop the fundamental skills needed, move to a live account. The auto mode requires you to provide your trading preferences and define certain limits (usually included in your trading strategy).

Next, activate the automated trading mode and monitor the bot’s activities closely for a few days to ensure it executes your strategy as intended. Once you’re comfortable with the bot’s performance, you can scale back your supervision to once a day.

If you wish to move further in your skills, you can use the demo mode to try out more complex features and test sophisticated strategies.

Has Bitcoin Evolution Ever Appeared On TV or Media?

Upcoming trading platforms like Bitcoin Evolution are usually the object of internet rumours that try to trace their origins or draw some affiliations between the platform and funding sources.

Some of these rumours suggested that the bot company received funding from entrepreneurial TV shows in its early stages. We fact-checked these stories to find the truth.

Dragons Den

Dragon’s Den is a British business show that features businesspeople and budding entrepreneurs who pitch their ideas to a panel of successful business owners to receive funding.

Rumours suggested that Bitcoin Evolution was featured on the show to gain financing to build the bot. Our research found these rumours to be false.

Shark Tank

Shark Tank is a similar show to Dragon’s Den that is filmed in the US and features predominantly US entrepreneurs. Similar claims were made online that the algorithm was pitched on the show. However, our research didn't find any episode that featured the algorithm.

1
Min. Deposit
$ 250
Promotion
User Score
4
62% Users Report Profit from their First Deposit
Reported 31% Success Rate in High-Risk Investments
Get Support From A Free Advisor
Start Trading
Description:
Payment Methods:
Credit Card, Debit Card, Wire Transfer
Full Regulations:
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centers. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

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.

Mark Cuban

Mark Cuban is a US billionaire who made a significant portion of his fortune from the sale of his Internet broadcast company back in the early 2000s. Since then, he has been involved in many successful ventures, some relating to crypto.

With him also being a panellist on Shark Tank, rumours spread that he was personally invested in Bitcoin Evolution and publicly endorsed it. However, our research shows that he did not invest in the platform nor endorse it.  

Elon Musk

Elon Musk is the founder of innovative companies like SpaceX and leads cutting-edge companies like Tesla. He is also a huge supporter of decentralised technologies like Bitcoin and Dogecoin, so much so that he was once named The Dogefather.

Despite his support for cryptocurrencies, he has not endorsed Bitcoin Evolution.

Bill Gates

Bill Gates is the popular tech billionaire turned philanthropist who founded Microsoft. He is known for his crypto aversion. He has not thrown his support behind any crypto project in the past. In fact, he stands opposed to the industry, albeit passively. He has not endorsed Bitcoin Evolution.

Tips for Using Bitcoin Evolution Safely and Managing Risk

If you are looking to manage your risk effectively, the following tips can help you out a great deal.

Keep a Record for Tax Purposes

Keeping track of trades, including the amount of capital invested and profits earned for tax purposes, is one of the wise things for all traders and investors to do. It allows you to track how much money you have generated using Bitcoin Evolution and use that information to calculate how much tax you must pay. Keep in mind that different nations have various cryptocurrency tax regulations.

Start Small

A common but risky mistake rookie investors make is to invest their entire portfolio in one trade, usually in a bid to make a lot of money very quickly. Never risk more than you can afford to lose. With this approach, your financial condition won't be at risk if a trade doesn't turn out well for you.

Save Some Profits

It is good practice to save a percentage of profits made from every trade. This way, you build a cushion to fall back on if the worst occurs (you blow up your trading account). For instance, you can set aside 50% of your profit to ensure you don't lose all 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. To increase your knowledge, subscribe to crypto newsletters, read reports from trusted sources, and keep an eye on macroeconomic data.

Only Invest What You Can Afford to Lose

Despite using advanced robots, you can still lose money. Do not trust the bot so much that you use funds you cannot afford to lose (like rent or school fees). Ensure that whatever you decide to invest won't put your finances in danger if the trading doesn't work out.

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

To register for a Bitcoin Evolution account, follow these steps:

1. Register for an account with Bitcoin Evolution 

To register for an account, you’ll need an email address and a phone number. Fill out the registration form on the bot’s website to create an account. After creating one, check your inbox for a verification email. 

2. Sign up with a partner broker

Follow the link in the confirmation email to verify your account and complete registration by submitting KYC documents like a government-issued ID and proof-of-address documents like a utility bill.

While registering, Bitcoin Evolution will refer you to a partner broker to sign up for an account. Use the same documents as before, although some brokers may require proof of your source of funds.

3. Develop a trading strategy

To develop a simple strategy, outline entry, exit, and stop-loss price points. As you grow, you can develop more complex ones.

4. Practice using the demo account

Use the demo account to test your strategy. Since the algorithm is powered by an artificially intelligent algorithm, the demo account trains the algorithm to effectively execute your strategy.

5. Make a deposit

To begin trading, deposit funds into your account. The minimum requirement is $250. Check your broker’s deposit methods and limits to ensure you can easily fund your account.

6. Set up automatic trading

Activate the automated mode and set it to execute your trading strategy.

Bitcoin Evolution Assets, Market, and Options

What assets can you trade using Bitcoin Evolution?

Bitcoin Evolution supports four cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and DASH and over 20 markets through CFDs.

CFDs allow traders to open positions in long and short directions. Traders can short-sell cryptos without owning them first, allowing them profit from crypto prices even in bearish markets as they simply short CFDs and make money when the prices decline.

For example, a trader opens a $250 Bitcoin Short position at $17,000 per BTC, i.e., they bet that Bitcoin’s price will fall. If BTC’s price falls to $12,000, the trader makes a $73.52 profit. However, if the price rises to $21,000 per BTC, the trader loses $58.82.

What leverage trading options are available with Bitcoin Evolution?

Bitcoin Evolution offers up to 5000:1 leverage on CFD trades. This is far outside industry best practices and is outrightly outlawed in territories like the US and Australia. While traders can use leverage to increase their position size and multiply their margins without requiring more capital, too much leverage is dangerous and can lead to tremendous financial ruin, especially if your broker does not implement negative balance protection.

What are the spreads on Bitcoin Evolution?

Bitcoin Evolution doesn't specify its spreads on its website. Crypto spreads are usually set by the third-party broker they partner with. You may wish to check with them for more detailed spread information.

Can I Use Bitcoin Evolution in my Country?

Can I use Bitcoin Evolution in the US?

No

Can I use Bitcoin Evolution in the UK?

Yes

Can I use Bitcoin Evolution in Australia?

Yes

Can I use Bitcoin Evolution in Sweden?

Yes

Can I use Bitcoin Evolution in Germany?

Yes

Can I use Bitcoin Evolution in Austria?

Yes

Can I use Bitcoin Evolution in Switzerland?

Yes

Can I use Bitcoin Evolution in Denmark?

Yes

Can I use Bitcoin Evolution in Finland?

Yes

Bitcoin Evolution Review - Final Thoughts

With Bitcoin Evolution, traders gain an edge in the market thanks to AI-powered computation and automation. The bot helps day traders make more accurate calls without the time and skill requirements.

The bot is easy to use and has an automated mode that executed trades and a manual mode that allows traders to exert granular control over the bot’s functions. Meanwhile, the dashboard offers several useful features that traders at different experience levels can leverage to increase profitability.

Users can make deposits in USD, GBP, and EUR through bank transfers, credit card payments, and PayPal transfers, although initial deposits are limited to a minimum of $250. Withdrawals are not subject to any monetary limits and are processed within 24 hours, however, the channel used must match the deposit channel.

A demo account is available to test strategies before jumping in and customer service is available through email to help unblock users.

To open an account, sign up on their registration page and verify your 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.

Frequently Asked Questions

I don't know much about cryptocurrencies. Can I use Bitcoin Evolution?
The trading bot is made for people like you, who aren't crypto experts but want to make the most of trading opportunities.
Will I need to sit in front of my computer all the time?
No. You just need to review the performance periodically to see if the bot is doing fine.
How much can I earn with Bitcoin Evolution?
Theoretically, there is no limit. It depends on a number of factors including market volatility and invested capital.
How long will it take to sign up?
It takes you 15-30 minutes depending on your internet connection speed. You should be ready to trade in no time.
Will my money be secure?
Bitcoin Evolution uses modern security measures including SSL encryption to prevent data breaches and keep your funds safe.
How do I deposit and withdraw my money?
The service offers multiple payment modes including wire transfers, credit and debit cards, and online payment services like Skrill.
Will I need to learn about trading to invest with Bitcoin Evolution?

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.

How much money can I earn in a single day using Bitcoin Evolution?

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

How much time do I need to invest?

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.

How can I withdraw my profits on Bitcoin Evolution?

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

Can my Bitcoin Evolution account get hacked?

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.

Is Bitcoin Evolution endorsed by a celebrity?

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.

How long will it take to sign up and verify my account on Bitcoin Evolution?

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.

Can I practice my trading risk-free on Bitcoin Evolution?

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

What does Bitcoin Evolution do?

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.

Is there a Bitcoin Evolution app?

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

Can you make money with Bitcoin Evolution?

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

Is there any commission taken by Bitcoin Evolution?

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

Does Bitcoin Evolution have a free demo mode?

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.

Is Bitcoin Evolution a scam?

A scam project is easy to identify if you pay attention. First of all, it's likely to be hosted on a not secure website, one that lacks a padlock icon on the site link. Fortunately, popular browsers like Google Chrome, Brave, Mozilla Firefox, Safari, and other reputable browsers will warn you before accessing such a website with a message that reads, "Your network is not secure." Based on this measure, Bitcoin Evolution checks out. 

Another thing to pay attention to is how the website is set out. Is it fast? Does customer support respond quickly? Does the platform abide by any regulations? What do people who have used the platform before have to say? These are just a few red flags you can check out for yourself. Based on the above criteria, we felt reassured regarding Bitcoin Evolution. The payouts are reported to be instant, and the withdrawal process is easy. Customer support is always on hand to help out. The website is secure, and the platform associates with some very reputable brokers. 

How can I maximise my chances of success using Bitcoin Evolution?

Using Bitcoin Evolution is more successful when you when you equip yourself with the right information. Learn everything you can about cryptocurrencies, and from diverse sources. Also, learn to exercise patience and ensure you learn how to use the software first no matter how long it takes before staking capital.

Is the affiliated broker regulated?

In our case, the affiliated broker was regulated but our research shows this is not always the case. To be on the safe side, verify if the affiliated broker is legitimate before depositing money.

Am I guaranteed to make money using Bitcoin Evolution?

No. The world is still wrapping its mind around crypto and the prices of the coins are highly volatile. Usually, such scenarios present opportunities for profit but without guarantee of success.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.