A scam is doing rounds by the name Bitcoin Evolution. The domain where the site is hosted at can be found at bitcoinevolution.com. In addition to this, they are also providing the software for free and are claiming that it can generate an unlimited amount of money.
According to the marketing material on the site, bitcoin evolution can make unlimited profits and is 100% free to use. The question is whether you can make ‘unlimited’ profits with a free app like Bitcoin Evolution.
To start with, the grammar on this website is nauseating. But I will try and not let their grammar interfere with my review because am basically concerned with things like proof of trading success and whether the anonymous developer behind this trading program is giving us the real deal or a generic trading app.
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Bitcoin evolution review
The website where Bitcoin Evolution is hosted at was created in August 2015 but according to Alexa, the traffic that comes to the website is insignificant. The app which they are promoting is allegedly for trading Crypto currencies and Forex CFDs.
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The website does not provide specifics on what we can earn from this app or even how the app manages to make money. The trading strategy is so vague because according to the site’s marketing material, we learn that Bitcoin Evolution follows trends.
We are definitely not expecting such a shallow explanation from a vendor who claims their app can make unlimited amounts of profits. It sounds vague. We are treating it as if no trading strategy was provided.
Why Bitcoin Evolution is a scam!
A closer look into this operation reveals that the app has been recycled countless times and used by con artists to trick new traders into depositing money with unregulated brokers.
Bitcoin Evolution has been used under different brand names and domains. This software is known for gambling and losing money to unregulated brokers who then split it between fake software vendors and themselves.
Yes it can trade automatically but this does not mean it will make money consistently.
According to a table entitled ‘Last activity with Bitcoin Evolution’, we see a list of alleged trades and the profits that were realized from this software.
You can rest assured that this information is fake. The profits are fake. You don’t need to think hard to learn that this software has no verified trading performance to back the promises which are contained in the marketing materials.
Not useful information
The vendor is making meaningless statements to try and justify the reasons they believe this is the best trading bot. Here are a few examples:
The evolution of the Bitcoin and altcoins is amazing and has hit records. Never in all times history something has evolved so high in a so small period of time. The Evolution of the Bitcoin is simply AMAZING. People think that the evolution of the Bitcoin is unfinished. But for Bitcoin Evolution it does not import if the Bitcoin price increase or decrease. Because Bitcoin Evolution trades in both directions. !
How it works
The process of scamming users through Bitcoin evolution is very simple. They want traders to open an account through their website, then select the amount of money to invest and what to earn before clicking auto trading. You should also know that whenever we create an account on this platform, we will be directed to the deposit page where we’ll be required to deposit at least $250.
You must understand that no demo account is being provided. Similarly, the scammers are intending to get your money, so they’ll do whatever they can to convince you to make a deposit. The next thing they’ll do is to ensure that you are auto trading the funds. This action will make you lose money because the software in question does not have an intelligent trading algorithm. It is just a bunch of trading indicators put together and sold as a revolutionary trading app.
The risk disclaimer
Important Risk Note: Trading can generate significant benefits but also involves a risk of partial or full funds loss and should be considered by initial investors. we strongly advise that you read our terms & conditions and disclaimer page before making any investment. customers must be aware of their individual capital gain tax liability in their country of residence. It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called \prediction’ contracts, unless they are listed for trading and traded on a registered exchange or unless legally exempt.
The above risk disclaimer ensures that even if you ask for a refund, you will not get it. Even your credit card company will never agree to process that refund request. Having said this, you should always know that trading is a risky business but when you have a strategy in place, you will increase your chances of attaining success. The difference between genuine websites and scams like Bitcoin evolution is that they are using a disclaimer such as the above statement to exploit investors. They know that they have nothing to offer but are hiding behind a useless trading disclaimer to manipulate and take advantage of the ignorant trader’s funds.
Our best advice for you
The decision on whether or not to use Bitcoin Evolution lies with you. But in our opinion, this is a scam and we are also certain that newbies will lose money to this app.
We have seen it many times. It has been re-branded several times and so we are certain that this is something that has been doing round on the internet for a long time. But rest assured that it is the same thing as Bitcoin Super Trader, 1000 Bitcoin Trading robot among others. Stay away from Bitcoin Evolution. There are many good trading bots that can be used for Bitcoin automated trading but not this scam. Invest in those trading systems as they are much more reliable.