- Trade on Autopilot
- Pre-built Trading Algorithms
- Professional Trading Platforms
|Support Types||Email , Phone|
|Trading Platform||Prestige FM|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||No maximum|
|Bonus||Trade on Autopilot|
|Free Demo Account||Open Demo|
|Deposit Methods||Credit & Debit Card , Bank Wire , Other Methods|
|Withdrawal Methods||Credit & Debit Card , Bank Wire , Other Methods|
|Trading Currency||Bitcoin , Ethereum , Litecoin|
|Account Currency||USD , EUR , GBP|
|US Traders Allowed|
- Good for Beginners
- Fast Trade Execution
- Easy to Set up
- Black-Box Algorithms
Bitcoin Evolution Review
Crypto trading robots have been gaining in popularity recently and many of our readers have been asking about the reliability of the various automated cryptocurrency trading systems that are currently available on the market. EthereumTrading.Pro team is dedicated to providing in-depth research on the crypto trading venues so investors can trade Bitcoin, Ethereum and other altcoins with reliable partners. Our analysts have completed this Bitcoin Evolution review to provide you with an unbiased overview of this trading platform.
Ways to Invest in Cryptocurrencies
There are two main ways to invest in cryptocurrencies and both have been popular among individual investors. Each one has its own advantages and potential disadvantages and we want to start this Bitcoin Evolution review by explaining these differences so you can choose which trading method is suitable for you.
Cryptocurrency Exchanges are probably the most popular way to invest in cryptocurrency among professional and individual traders. There is a large number of crypto exchanges available with Binance being the largest and Coinbase is the most popular among individual traders. Usually, crypto exchanges will allow you to trade hundreds of different digital tokens while some limit the investment universe to most popular 10 or 15 altcoins. Crypto exchanges are professional trading venues and they will have live price charts, display order flow and offer a number of currency pairs that investors can trade. Also, the main advantage is that crypto exchanges will allow you to trade an underlying asset and you have store your digital coins on the exchange or in your digital wallet. However, that also presents a very high risk. Crypto exchanges still remain vulnerable to the hacker attacks and we have seen a number of occasions when clients’ digital assets were stolen and could not be traced or recovered. If you prefer to keep Bitcoins in your digital wallet, that helps to mitigate the security risk but they every time you want to trade, you will need to transfer your digital coins to and from the exchange. Of course, that is far from ideal if you plan to actively trade.
Crypto CFD Brokers
Another way to invest in cryptocurrencies is through a CFD broker. CFD brokers are very popular among individual investors and allow them to trade stocks, indices, forex, cryptocurrencies and other asset classes. The reason why CFD brokers are so popular is that how the trading works. Unlike cryptocurrency exchange where you will have to buy an underlying asset and pay full price for it, with CFD broker you bet on the price movement and trade the spread. You won’t have to buy an underlying asset and will have to put money only to cover the spread (or that potential difference price move). That is why it’s called trading Contract for Difference (or CFD). By investing a relatively small amount, you can benefit from the full upside potential and make a good profit. However, it is also important to remember that when trading CFDs losses can magnify as well and you can lose more than you invested especially when trading with leverage. That is why it is important to remember trading is considered to be high-risk money activity and you should never invest more then you are prepared to lose. Many CFD brokers also won’t allow leverage (or it will be minimum) when trading cryptocurrencies. Most of the CFD brokers offer professional trading platforms and infrastructure.
- Trade on Autopilot
- Pre-built Trading Algorithms
- Professional Trading Platforms
Cryptocurrency Automated Trading
Historically, algorithmic trading was only available to the largest financial institutions and hedge funds and their trading algorithms were among the most kept secrets. Automated trading was later also adopted by individual traders as technology and computing power became more widely available.
At the core of algorithmic trading is the technical analysis and price moves indicators. By studying price charts traders try to predict the next price move to make a profit. Usually, automated trading is adopted by day-traders who do not hold their trading positions for longer than a day and benefit from a large number of smaller profitable trades. Day traders benefit from the price volatility and can make money taking both long and short positions. Forex is the largest market by trading volume with trillions of dollars being traded every day. Cryptocurrencies are the new sub-asset class within the forex market are given their price volatility are ideally suited for algorithmic trading.
Usually, automatic trading required good knowledge of technical analysis and advanced trading skills but recent developments in technology also allowed CFD brokers to offer automated trading solutions such as Bitcoin Evolution to beginner traders. Cryptocurrency trading robots such as Bitcoin Revolution, Bitcoin Trader, Bitcoin Code or Ethereum Code are very easy to set up and you can start trading Bitcoin, Ethereum and other cryptos within minutes.
What is Bitcoin Evolution
Bitcoin Evolution is an automated cryptocurrency trading platform that allows you to trade cryptocurrencies on the autopilot. The way crypto trading robots work is that by analysing trading patterns and technical indicators, computer algorithms provide trade recommendations when to buy or sell cryptocurrencies. Such trades can also be executed by the algorithms so investors can trade cryptocurrencies and make money on autopilot. By programming trading strategies using technical analysis, crypto robots typically make a large number of trades and hold positions from a few minutes to hours or days.
The goal is to make a large number of trades and make small but consistent profits. Obviously not every trade will be profitable, but as long as the investors on average make more profitable trades than losing one, they can still pocket a profit. But not all crypto trading robots are made equal and not every trading strategy is profitable. So in this Bitcoin Evolution review will try to uncover all the pros and cons of this crypto trading bot.
How Bitcoin Evolution Works
There are two distinct types of crypto trading robots.
The first type is software or cloud-based and is focused on technical analysis and totally customised trading strategies. We have covered a number of those such as Zignaly, Cryptohopper, HaasBot and GunBot to name but few. These trading systems are essentially analytical tools that allow you to use pre-built trading strategies or create your own from scratch. Also, this type of robots connects to various crypto exchanges and you trade directly from the exchange.
The second type of crypto trading robots are usually associated with CFD Brokers, such as Bitcoin Trader, Bitcoin Revolution, Bitcoin Code or other similar ones, They typically are much easier to use and use one type of algorithm. They are essentially black-box (which means that you don’t know what trading signals or indicators they use) but require almost no skills to set up. All you have to do is deposit money with CFD broker and start trading.
The Bitcoin Evolution trading bot is a latter and is linked to Prestige FM CFD broker.
Is Bitcoin Evolution Scam or Not
There is a number of reports on the internet with quite negative reviews about Bitcoin Evolution. It is always difficult to tell which ones are true and which ones are fake as quite often negative reviews are posted by competing crypto CFD brokers. So is Bitcoin Evolution scam or legit?
What we can tell, is that Bitcoin Evolution uses the same interface as Ethereum Code, Bitcoin Code and Bitcoin Revolution. It has identical trading room and looks very much the same. However, unlike some other crypto bots mentioned above Bitcoin Evolution doesn’t make bold marketing claims as others do.
Bitcoin Evolution is associated with Prestige Financial Markets (Prestige AM), a CFD broker registered in Estonia. Prestige FM is not regulated which can be potentially seen as a negative. But Estonia is a part of the EU and has more relaxed laws with regards to CFD trading so that might not be too bad. Also, it has a reasonably good website with various educational resources available to help newbie traders to learn nuts and bolts of the crypto trading.
In our opinion, Bitcoin Evolution is just another name of a similar crypto trading bot mentioned above, which means that it is not necessarily a scam. But we always encourage our readers to be a little bit extra cautious when working with new CFD broker. It is always better to start with a smaller investment and it is also important to remember that as with any investment, your money is at risk.
How to start Trading with Bitcoin Evolution
Step 1 – Open an Account
It is very easy to open an account with Bitcoin Evolution. All you have to do is provide your email, name and phone number. By registering with Bitcoin Evolution, you will automatically open an account with Prestige FM and once you have submitted your details, you will receive a call from client services representative who will help you to finalise the set up of the account.
Step 2 – Deposit Funds
So all you have to do to start trading is deposit money with the broker. The client services representative can also help you to deposit funds and you can do so by debit or credit card, bank wire or other payment methods. You will also need to complete the KYC and AML process and submit your passport details. That is required by all brokers in order to establish the legitimacy of the funds. That should also give you an extra piece of mind as you will know that your CFD broker complies with international rules and regulations and take their business seriously.
Step 3 – Adjust Trading Settings
Once you deposit money, you need to set parameters for your trading. You need to put your minimum trade size, Daily Stop Loss, Take Profit, Daily Take Profit, Maximum Concurrent Trades and Maximum Daily Trades. You can also choose the cryptocurrency pair and then you can start trading by pressing Start Auto Trade button.
Is it possible to make money with Bitcoin Evolution
As we mentioned above, Bitcoin Evolution does not disclose its trading algorithms so the only way to figure out if it is good or not is to start trading. When conducting this Bitcoin Evolution review we made a number of trades and made some profit, but we didn’t trade with this crypto bot for too long. Crypto traders who use automated trading systems report on average 1-2% in daily profits which can add up to 20-30% return per month. But not all crypto trading robots are profitable and it is possible to lose money. For automated trading, the more volatile the markets are the better. It means that investors can benefit from price swings and pocket the difference. But it is not possible to make money when a price is constantly declining so newbie crypto traders have to wary of this.
Bitcoin Evolution Pros and Cons
The most obvious proof the Bitcoin Evolution crypto bot is that it allows setting trading on the autopilot and trade cryptos 24/7. If the trading strategies work, it can provide residual income with very minimum effort. Another pro is that Bitcoin Evolution is very simple to use and suitable for novice crypto investors who are just getting into the crypto trading game.
The potential downside is that Bitcoin Evolution algorithms are not explained and the CFD broker is not regulated. In the meantime, there are many other crypto robots that have the same setup and there is a number of investors who are satisfied with these services.
What we can say, is that if you decide to start trading with Bitcoin Evolution crypto trading robot it is worth starting small and see if it’s trading strategy suits your style and risk appetite.
Watch Bitcoin Evolution platform walk-through
Bitcoin Evolution Review – Conclusion
As a conclusion, we can say that Bitcoin Evolution is reliable cryptocurrency robot and is ideally suited for Beginner cryptocurrency traders. It offers an easy-to-use and intuitive trading platform and is connected to the CFD broker registered in the EU. You can easily open an account and client services representative will help you to finalise the account set up, complete KYC and AML process and deposit funds. You can start trading with Demo account to see how the trading will look like and once you are ready, you can start trading on autopilot 24/7. All you have to do is adjust trading settings and press Trade. While cryptocurrency trading presents good opportunity to make money it is also important to remember that in trading you put your money at risk. So that is why we strongly advice not to invest more than you are prepared to lose and trade responsibly.
If you are trading with Bitcoin Evolution we would love to hear from you to learn more about your experience with this cryptocurrency trading robot. Are you making with Bitcoin Evolution? Does Bitcoin Evolution work well for you? Please leave a comment to share your experience.
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