The evaluation of Beidou system time is one of the important tasks in constructing and developing the Beidou satellite navigation system. The evaluation methods based on two-way satellite time and frequency transfer method (TWSTFT) and GPS common-view method are proposed in this paper. Tests and performance evaluation of the Beidou time system (BDT) were conducted. Results show that BDT is stable and reliable. The BDT frequency deviation, Allan deviations and clock offsets, relative to UTC (NTSC), are 10e-14, 10e-15 and less than 30 ns respectively.