China
|5-10 years
Suspicious Regulatory License|
Medium potential risk
https://evolve.markets/
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Aspect | Information |
---|---|
Exchange Name | Evolve Markets |
Registered Country/Area | China |
Founded Year | 2016 |
Regulatory Authority | Unregulated |
Number of Cryptocurrencies Available | 20+ |
Fees | 0.75% (Cryptos trading) |
Payment Methods | Cryptocurrency, credit/debit card, bank transfer |
Customer Support | Available, efficient and user-friendly |
Evolve Markets is a unique platform in the landscape of digital currency exchanges. This platform primarily caters to aspirants who seek to trade in various forms of cryptocurrency, using a meta trader platform for conducting operations. Established in 2016, Evolve Markets aims to redefine the interaction between cryptocurrency and conventional forex trading through its primary offering of Bitcoin-based margin trading services.
Unlike other traditional exchanges, it allows users to leverage their investments up to 1:500, making it a preferred hub for those interested in maximizing their trading potential. Evolve Markets also stands proud on its commitment to privacy and security of its users. It follows a strict data encryption protocol, and the user funds are stored in a segregated cold storage. Even though Evolve Markets maintains a global presence, it serves a user base predominantly in Asia, Europe, and North America.
Pros | Cons |
---|---|
Provides effective bitcoin-based margin trading services | Lack of transparency in regulatory authority |
Intuitive user interface | Variable trading fees dependent on market conditions |
Strong commitment to user privacy and security | |
Efficient customer support |
Pros:
1. Bitcoin-based Margin Trading Services: Evolve Markets is one of the few exchanges that offers Bitcoin-based margin trading services. It allows users to maximize their profits by leveraging their Bitcoin assets.
2. Intuitive User Interface: The platform is praised highly for its user-friendly interface. It is designed strategically to assist both beginners and experts in navigating the platform's features seamlessly, thereby making trading activities more efficient and less time-consuming.
3. Commitment to User Privacy and Security: Security of user data and funds is a prime concern for Evolve Markets. By implementing strict data encryption protocols, and by holding user funds in segregated cold storage, the platform ensures that privacy and security are not compromised.
4. Customer Support: Evolve Markets is commended for its efficient and user-friendly, customer support. Users can reach out for assistance and expect to receive helpful and prompt responses.
Cons:
1. Lack of Regulatory Transparency: The platform does not disclose its regulatory authority. This could be a concern for users as it brings into question the platform's regulatory oversight mechanism and its credibility.
2. Variable Fees: The fees on Evolve Markets are variable and depend on prevailing market conditions. This might make it difficult for users to predict their transaction costs.
The regulatory situation of Evolve Markets remains unregulated. Being unregulated carries disadvantages that investors should be aware of. First, there's no guarantee or insurance of the public's funds in case of bankruptcy or system failure. Second, unregulated exchanges might have opaque operations, leading to potential risks of manipulation or fraud.
Given these disadvantages, it's critically important for traders and investors to exercise caution while dealing with an unregulated exchange. Due diligence is key; thoroughly researching the platform's reliability, reviewing user experiences and ratings, and gaining a deep understanding of the exchange and its offerings should be paramount.
EVOLVE MARKETS takes a proactive approach to security by leveraging proprietary hardware-software solutions to safeguard client funds. The platform places a strong emphasis on manual withdrawal processing to ensure thorough reviews and strict oversight.
To further fortify security, EVOLVE MARKETS offers Two-Factor Authentication (2FA) as an additional layer of defense, empowering users to secure their withdrawals, web login, or both. By enabling 2FA, clients can enhance the protection of their accounts and transactions, bolstering overall security measures.With a specialized focus on cryptocurrencies, EVOLVE MARKETS utilizes battle-tested solutions to maintain the integrity and safety of clients' assets.
In line with their commitment to transparency and fair practices, EVOLVE MARKETS upholds a fee structure devoid of hidden charges. This transparency extends to their marketing strategies, embodying the values of integrity and openness in all aspects of their operations. However, it is unregulated.
Evolve Markets offers over 20 kinds of cryptos for trading. These conclude:
Bitcoin (BTC)
Bitcoin Cash (BCH)
Ethereum (ETH)
Ethereum Classic (ETC)
Litecoin (LTC)
Monero (XMR)
Zcash (ZEC)
Ripple (XRP)
Dash (DSH)
Tezos (XTZ)
Cardano (ADA)
EOS (EOS)
Chainlink (LNK)
Dogecoin (DOG)
Solana (SOL)
Binance Coin (BNB)
TRON (TRX)
MATIC (previously known as Matic Network) (MATIC)
These cryptocurrencies are available for trading in the respective trading pairs mentioned earlier. Each cryptocurrency represents a digital asset with its own characteristics and use cases within the blockchain and cryptocurrency ecosystem.
In addition to cryptocurrency trading, Evolve Markets also provides trading services for other asset classes like Forex, Indices, Commodities, and Stocks. Traders have the opportunity to diversify their portfolio by engaging in multiple markets beyond just cryptocurrencies.
Through its MetaTrader platform, Evolve Markets offers a sophisticated and comprehensive suite of trading tools. The platform enables advanced charting and analysis, automated trading strategies, custom indicators, and more. It provides all necessary tools and services that cater to both beginners and experienced traders.
Currency | Pair | Price | +2% Depth | -2% Depth | Volume | Volume % | |
---|---|---|---|---|---|---|---|
1 | Bitcoin | BTC/FDUSD | $68,241.80 | $11,659,704.60 | $5,458,819.25 | $9,699,757,883 | 19.63% |
2 | Bitcoin | BTC/USDT | $68,230.78 | $29,458,848.40 | $13,331,467.64 | $5,477,107,052 | 11.08% |
3 | First Digital USD | FDUSD/USDT | $0.9994 | $62,712,506.97 | $14,889,157.74 | $3,492,492,107 | 7.07% |
4 | Shiba Inu | SHIB/USDT | $0.0000413 | $6,139,576.26 | $656,226.25 | $2,592,670,305 | 5.25% |
5 | Ethereum | ETH/USDT | $3,639.20 | $12,295,033.79 | $11,431,071.14 | $2,499,933,007 | 5.06% |
6 | Ethereum | ETH/FDUSD | $3,639.54 | $3,598,257.83 | $2,062,747.72 | $2,303,155,414 | 4.66% |
7 | Pepe | PEPE/USDT | $0.00000774 | $1,926,209.84 | $1,302,696.86 | $1,612,862,241 | 3.26% |
8 | Dogecoin | DOGE/USDT | $0.1971 | $2,499,840.33 | $2,108,354.92 | $1,428,846,616 | 2.89% |
9 | USDC | USDC/USDT | $1.0000 | $24,489,579.29 | $5,654,924.19 | $1,059,900,985 | 2.14% |
10 | Solana | SOL/USDT | $132.82 | $12,036,239.90 | $4,510,164.74 | $1,054,051,508 | 2.13% |
EVOLVE MARKET charges various fees for different actions and services.
Minimum | Fee | |
---|---|---|
Deposit | No minimum | No fee |
Withdraw Bitcoin | 0.001 BTC | |
Withdraw Litecoin | 0.005 LTC | |
Withdraw Ether | 0.01 ETH | |
Withdraw USD | 25 USDT/USDC | |
Withdraw Solana | 0.01 SOL | |
Withdraw Gold | 0.01 XAUT/PAXG | |
Unverified User | - | |
Verified User | - | |
Crypto | - | 0.075% |
Forex | - | 0.0035% |
Indices | - | 0.0035% |
Commodities | - | 0.0035% |
Stocks | - | 0.0035% |
EVOLVE MARKETS offers users multiple funding methods to deposit funds into their accounts.
- Stablecoins Conversion: Stablecoins are converted to your USD balance upon completed deposit.
- XAUT and PAXG Conversion: Deposits in XAUT and PAXG are converted to XAU balance.
- Cryptocurrency Deposits: Bitcoin and altcoin deposits remain as the deposited coin/token in your account. The available base currencies on the platform for deposits are BTC, LTC, ETH, SOL, XAU, and USD.
- Funding Options:
- Credit Card: Users can fund their accounts using credit cards.
- Debit/Prepaid Cards: Funding via debit or prepaid cards is accepted.
- Bank Transfer: Users have the option to fund their accounts via bank transfer.
Withdrawals- All withdrawals are processed manually from cold storage to ensure the highest level of security.
- Withdrawals are typically submitted to the blockchain within a few hours.
- Users are advised to allow up to 24 hours for withdrawal processing before inquiring by email.
- Minimum Withdrawal Amount:
- 0.001 BTC
- 0.005 LTC
- 0.01 ETH
- 0.01 SOL
- 25 USDT
EVOLVE MARKETS is the best exchange for client fund protection.
EVOLVE MARKETS is primarily suitable for the following target users:
- Cryptocurrency Traders: EVOLVE MARKETS specializes in working with cryptocurrencies, making it an ideal exchange for traders who primarily deal with digital assets. They offer a range of cryptocurrency trading pairs and provide a reliable trading experience.
- Users Concerned about Security: With their strong emphasis on security measures such as proprietary hardware-software solutions, manual withdrawal reviews, and Two-Factor Authentication (2FA), EVOLVE MARKETS is well-suited for users who prioritize the safety and protection of their funds.
- Transparent Pricing Advocates: EVOLVE MARKETS follows honest business practices and maintains a transparent pricing structure. It is an attractive choice for users who value transparency and want to avoid hidden fees.
For different customer groups, here are some specific recommendations:
- Beginner Traders: EVOLVE MARKETS can be a good starting point for beginner traders due to its user-friendly interface and focus on security. It is important for beginners to familiarize themselves with the platform and the basics of cryptocurrency trading before engaging in more advanced strategies.
- Experienced Traders: Experienced traders may appreciate the range of trading tools and advanced features offered by EVOLVE MARKETS. They can take advantage of the platform's specialized focus on cryptocurrencies to execute their trading strategies effectively.
- Security-conscious Users: For users who prioritize security, EVOLVE MARKETS is an excellent choice. It is recommended to enable 2FA for both withdrawals and account logins to ensure maximum protection.
- Users Seeking Transparent Platforms: EVOLVE MARKETS' commitment to transparency makes it an appealing option for users who value upfront information about pricing and marketing activities. It is advisable for such users to carefully review the platform's fee structure and marketing policies to align with their preferences.
Q: What leverage does Evolve Markets offer?
A: Evolve Markets provides high leverage up to 1:500, offering opportunities for traders to maximize potential profits.
Q: Does Evolve Markets offer any other services apart from cryptocurrencies?
A: Yes, besides cryptocurrencies, Evolve Markets also provides trading opportunities for Forex, Indices, Commodities, and Stocks.
Q: What is the processing time for transactions on Evolve Markets?
A: The processing time depends on the Bitcoin network's performance and is typically within 24 hours
Q: What type of platform does Evolve Markets use for trading?
A: Evolve Markets uses MT5 for conducting trading operations. This platform offers comprehensive trading tools including advanced charting and analysis, automated trading strategies, and custom indicators.
Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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