A Comprehensive Review of Bitcoin Evolution – Is it Legit?
A Comprehensive Review of Bitcoin Evolution – Is it Legit?
Cryptocurrency has become one of the most alluring ways to potentially make money online. However, there are many trading platforms on the market. Auto trading platforms like Bitcoin Evolution promise a simple way to earn a passive income and take advantage of the volatile bitcoin market.
But can you trust these platforms, or are they scams designed to take your funds?
We’ll be looking at the key features of Bitcoin Evolution and covering everything you need to know about this auto trading service.
If you’d like to find out more, check out our comprehensive review below.
What is Bitcoin Evolution?
Bitcoin Evolution is one of many auto trading systems that promises to help users profit by investing their funds in the Bitcoin market.
The company uses auto trading bots powered by AI technology to execute trades with your deposited funds. This technology aims to scan regulated crypto exchanges to find wise investments, buy Bitcoin cheap and then sell it later on for profit.
While the technology and market are still relatively new to the financial world, platforms like Bitcoin Evolution claim to offer contract for difference (CFD) trading with regulated Bitcoin brokers that can sound similar to a get-rich-quick scheme.
The concept is relatively easy to understand. On the surface, it looks as though you don’t need any working knowledge regarding the Bitcoin market to take advantage of Bitcoin Evolution. However, while the company promises that this is a relatively easy way to make money on the cryptocurrency market, the truth is that it is much more complicated. Auto trading comes with a high risk and does not usually pay off as much as these sites advertise.
What assets and products can you trade using Bitcoin Evolution?
As you may tell by the name, Bitcoin Evolution is an auto trading service that lets you trade Bitcoin. Unfortunately, this does not mean you cannot trade in other cryptocurrencies such as Binance Coin or Ethereum.
What leverage trading options are there?
Bitcoin Evolution offers a potentially enormous leverage of up to 3000:1. While this may seem enticing, the company does not clarify the reputation of its cryptocurrency brokers on its website. As such, you should be wary of trading with such high leverage. While this may pay off if you can sell your shares for more than you bought them, there is no guarantee that you will be able to — and auto trading companies are known to be unreliable.
If you are confused about what leveraging means, allow us to explain.
When a broker offers 3000:1 leverage (like Bitcoin Evolution), they effectively provide you a 3000% loan on the investment you have deposited onto their platform. As such, you are borrowing funds in an attempt to earn a significant profit. So, if you invest a minimum of $250, you’ll be able to purchase Bitcoin with a value of $750,000, which is a large amount of money to lose if you fail to sell your Bitcoin at a profit.
Remember that there are plenty of risks that come with using leverages, particularly when they are so high. Therefore, if you’d prefer to have complete control of your funds and investments, we would seriously advise that you consider alternative methods.
The spread on Bitcoin Evolution depends on the broker and exchange through which you do business. Of course, due to the market’s volatility, you should expect Bitcoin’s buying and selling price to fluctuate to some degree.
Fees, limits, and payment options on Bitcoin Evolution
How much does Bitcoin Evolution cost?
If you want to sign up for Bitcoin Evolution, you do not have to pay a penny to create an account. However, as with most auto trading platforms, there is a catch. Once you have verified your details with the company, you’ll have to pay a minimum deposit of $250. You cannot use the platform unless you make this payment, as the bots use these funds to place your trades.
What are the payment methods accepted by Bitcoin Evolution?
You can use several different payment methods when trading on Bitcoin Evolution. These include:
Does Bitcoin Evolution also charge fees and commissions?
As we have already mentioned, Bitcoin Evolution does not charge any fees when you open an account. In addition, you won’t have to pay any service charges when you make your deposit. That being said, Bitcoin Evolution does take a 2% commission from any profits you earn when you make trades on their service.
Bitcoin Evolution trade sizes and limits
As stated, Bitcoin Evolution requires a minimum investment of $250 when trading Bitcoin. However, the website offers no information on the maximum limit you can trade, which leads us to believe that the limit is open-ended. That being said, auto trading is very unreliable and, if you would like to try this method of investing, we recommend sticking to the minimum amount.
Bitcoin Evolution Platform
How does Bitcoin Evolution work?
Bitcoin Evolution is an auto trading platform that uses AI technology to invest your deposited funds in the Bitcoin market to potentially make a profit.
The platform uses bots to find low-priced Bitcoin shares and purchases them with your money. The software will then hold on to these investments and notify you when you should sell them, or do so automatically while you live your everyday life. With this in mind, the platform could potentially be a good source of passive income. However, this trading method comes with considerable risk and it is usually relatively ineffective, which could lead to you losing your funds very quickly.
Bitcoin Evolution promises big profits every day, but we could not find many genuine claims to support this notion at the time of writing. While the AI bots can analyze huge amounts of Bitcoin market information quickly, you need to remain careful when trusting your funds with them as there is a good chance you’ll never make a profit.
What devices can I use Bitcoin Evolution on?
You can use Bitcoin Evolution on any device that has access to an internet browser. This includes:
Which exchanges and brokers does Bitcoin Evolution partner with?
We found it difficult to source the exact exchanges and brokers partnered with Bitcoin Evolution. However, the high leverage rates would suggest that some brokers may be unregulated and, therefore, untrustworthy.
Can I use Bitcoin Evolution in my country?
Generally speaking, you can use Bitcoin Evolution in any country where trading Bitcoin is legal. This includes:
Is Bitcoin Evolution available in my language?
Bitcoin Evolution is available in multiple languages, which are available from a dropdown menu on the homepage. These include:
How easy is it to use Bitcoin Evolution?
Bitcoin Evolution is relatively straightforward to use, particularly when registering your account and making trades. The user interface is simple and clickable buttons are clearly laid out. In addition, Bitcoin Evolution gives you a demo account and video tutorial so you can learn the ropes before risking your money.
Bitcoin Evolution is equipped with plenty of features designed to make the platform attractive to new investors. These include:
Customer Support: For better or worse, Bitcoin Evolution is very attentive to its customers when it comes to customer support. When you sign up, you’ll be contacted straight away to complete the verification process. If you miss the call, you can expect plenty of follow-up phone calls until you verify your account with them. You can also contact the support team by e-mail or live chat 24/7.
Easy Withdrawal Process: Bitcoin Evolution advertises a quick withdrawal process, which, on the surface, is much more efficient than similar platforms. According to Bitcoin Evolution, you will typically receive your funds when you make a withdrawal request within 24 hours.
Demo Account: As mentioned above, Bitcoin Evolution gives users the chance to use a demo version of the platform that mimics the live trading experience, but you do not use real money which eliminates real financial risk.
While there are many Bitcoin Evolution reviews online, we found many to be dubious at best. Others were straight-up fabrications and obviously fake testimonials. In addition, the high leverage leads us to think that Bitcoin Evolution works with unregulated brokers, as most regulated brokers would not offer more than 100:1 or 200:1 leverage on your investment.
That being said, we can still assume that Bitcoin Evolution is a legit auto trading service, though your chances of making as much money as they predict are very slim.
Is Bitcoin Evolution safe?
Yes, Bitcoin Evolution is technically safe to use provided you understand that every investment comes with a certain degree of risk and that you should steer clear of any leveraged trades. However, in fairness, the platform does tell you only to trade the minimum amount if you want to keep your money safe. In addition, you have to complete a know-your-customer (KYC) verification process to prove your identity and address.
Bitcoin Evolution also uses SSL encryption to protect your personal information.
Are me and my money protected?
When creating your Bitcoin Evolution account, you should remember that auto trading services do not hold or protect your funds. Instead, their partnered brokers are responsible for your money. That being said, it can be difficult to know which brokers are regulated and which are not. If the leverage is high, the broker is likely unregulated, and you would be better off trading with somebody else.
Is Bitcoin Evolution regulated?
Bitcoin Evolution works with some partners who are regulated by the relevant authorities in their base country. However, as mentioned previously, the high leverage in some cases indicates that the brokers are unregulated and more interested in taking your money than helping you garner a profit.
Do I have to verify my account with Bitcoin Evolution?
Yes. When you create your Bitcoin Evolution account, you will be contacted by a representative who will guide you through the rest of the verification process. You will need to produce a selection of documents to prove your identity and address before completing the registration procedure.
Bitcoin Evolution has several educational resources that make trading on their platform easier. This includes a demo and video tutorial, as well as numerous FAQs.
Tools and charting
Bitcoin Evolution offers plenty of charts, metrics, and parameters through which you can try to make a profit trading Bitcoin.
Bitcoin Evolution has a customer support help desk that can be contacted by email or live chat 24/7.
How to get started with Bitcoin Evolution
Registration: The first step you need to do to trade bitcoin with Bitcoin Evolution is create your account. Once you have done this, you will be paired with a broker to guide you through the verification process.
Make a Deposit: When you have created your account, Bitcoin Evolution requires a $250 deposit to start live trading. You can deposit more funds if you prefer, but we recommend that you adhere to the minimum limit to get started. As we have already mentioned, auto trading is notoriously unreliable, and you could very quickly lose a lot of money if you are not careful.
Begin to Live Trade: Once you have completed the previous steps, you can start trading on Bitcoin Evolution.
To conclude, Bitcoin Evolution seems to promise plenty of profits for a relatively small investment. However, we strongly advise caution. With such high leverages and auto trading’s reputation for being unreliable, you may not feel comfortable investing money into such a platform. There are other ways to invest in Bitcoin. We suggest looking for verified and regulated brokers.