StormGain is a virtual currency exchange platform that was founded in 2019.
Aspect | Information |
Founded | 2019 |
Regulation | No regulation |
Supported Cryptocurrencies | 50 |
Fees | 0.40% |
Funding Methods | Cryptocurrency and credit/debit cards |
Customer Service | Phone, +2484671957 and email, support@stormgain.com |
Founded in 2019, StormGain is a crypto trading platform that aims to provide a convenient solution for users to profit from the cryptocurrency market. While StormGain currently lacks valid regulation and oversight from government or financial authorities, the platform claims to incorporate various security measures to ensure the safety and privacy of user accounts.
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Pros of StormGain
Con of StormGain
StormGain currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with StormGain, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated exchanges to ensure your funds are protected.
StormGain claims it has implemented several security measures to ensure the safety and privacy of user accounts. These measures include:
This adds an extra layer of security by requiring users to provide an additional verification code in addition to their password when accessing their account.
This feature ensures that all withdrawal transactions require multiple signatures, providing an added layer of protection against unauthorized withdrawals.
The use of SSL encryption helps to secure and protect all data traffic between users and StormGain's resources, ensuring that sensitive information remains confidential.
StormGain offers round-the-clock live chat and email support for urgent cases, providing assistance and addressing security concerns promptly.
Compliance with Payment Card Industry Data Security Standard (PCIDSS) and General Data Protection Regulation (GDPR) indicates that StormGain follows recommended security practices and protocols for the protection of user data.
StormGain conducts constant real-time monitoring to detect and prevent suspicious or fraudulent activities, contributing to the overall security of user accounts.
Regular security audits conducted by trusted advisors help identify vulnerabilities and ensure that security measures are up to date and effective.
StormGain maintains strict control over physical access and code deployment, ensuring thorough review and scrutiny before any changes or updates are implemented.
The use of separation of duties and the Principle of Least Privilege limits user access to only the necessary privileges, reducing the risk of unauthorized access.
Based on these security measures, it appears that StormGain has taken significant steps to prioritize the safety and security of user accounts. However, it has no regulation, which makes trade risky. It is always recommended to exercise caution and follow best practices to protect your own personal information and assets.
StormGain simplifies cryptocurrency trading with a user-friendly platform where users can easily buy and sell various digital assets, including popular cryptocurrencies like Bitcoin and Ethereum.
Cryptocurrency Trading:
StormGain supports a diverse range of cryptocurrencies, providing traders with opportunities to engage with the dynamic crypto markets.
Profit Share:
The platform may offer profit-sharing opportunities, allowing users to benefit from the platform's success based on trading activity or bonuses.
Crypto Indices:
Crypto indices on StormGain represent baskets of multiple cryptocurrencies, providing traders exposure to a diversified portfolio without managing individual assets.
Tokenized Assets:
Tokenized assets on StormGain represent real-world assets or commodities in digital form, expanding investment opportunities beyond traditional cryptocurrencies.
Crypto Options:
StormGain offers crypto options trading, allowing users to speculate on price movements without owning the underlying assets, providing flexibility and risk management.
Users should carefully understand the characteristics and risks of each product before participating in trading on the StormGain platform. As specific product offerings may vary, it is advisable to check the latest information on the StormGain website or contact support.
StormGain offers a diverse range of cryptocurrencies for trading, providing users with access to various digital assets. Some of the cryptocurrencies available on the StormGain platform include:
These are just a few examples of the cryptocurrencies available on StormGain. The platform offers a total of 50 different cryptocurrencies, allowing users to explore a wide range of options and diversify their investment portfolio according to their individual preferences and trading strategies.
Exchange:
StormGain simplifies crypto exchanges, making registration easy for users. The platform provides essential tools like charts and live trades for informed decision-making, catering to both beginners and experienced traders.
Trading Signals:
For those seeking guidance in crypto trading, StormGain offers signals with key indicators for Buy or Sell decisions. These indicators, focusing on profitability and probability, assist users in refining their trading strategies.
Wallets:
StormGain includes a built-in wallet for secure storage of crypto assets, supporting a “hodl” strategy. This integrated approach combines trading and wallet services for efficient crypto portfolio management.
The StormGain app stands out as an all-inclusive platform catering to the diverse needs of cryptocurrency enthusiasts. Here's a brief breakdown of its key features:
1. All-in-One Crypto App:
StormGain positions itself as a comprehensive solution, offering a variety of crypto-related services within a single app. Users can seamlessly navigate between different functionalities without the need to switch between multiple platforms.
2. Bitcoin Cloud Miner:
One distinctive feature is the inclusion of a Bitcoin cloud miner. This allows users to engage in cryptocurrency mining directly through the app, providing a convenient way to participate in the process of generating new Bitcoins.
3. Crypto Trading with Leverage:
The app facilitates crypto trading with significant leverage, reaching up to 500x. This high leverage option is designed to appeal to traders who seek amplified exposure to the market, potentially maximizing their profit opportunities.
4. Crypto Exchange:
StormGain serves as a cryptocurrency exchange, enabling users to buy, sell, and trade a variety of digital assets. The platform's user-friendly interface and real-time market data contribute to a smooth trading experience.
5. Exclusive Trading Signals:
To assist users in making informed decisions, StormGain provides exclusive trading signals within the app. These signals offer valuable insights into market trends, helping users navigate the complexities of cryptocurrency trading.
6. Cross-Platform Availability:
The app is accessible across various platforms, including the App Store, Google Play, AppGallery, and through the Android APK. This broad compatibility ensures that users can download and use the StormGain app on their preferred devices.
StormGain has streamlined the account opening process to make it accessible for users interested in cryptocurrency trading. Here's a brief overview of how to open an account:
1. Visit the StormGain Website:
Start by going to the official StormGain website. Look for the “Sign In” button, which is usually prominently displayed.
2. Registration Form:
Click on the registration button, and you'll be directed to a registration form. Fill in the required information, which commonly includes your email address, a secure password, and sometimes a referral code if applicable.
3. Email Verification:
After submitting the registration form, StormGain may require email verification. Check your email for a verification link and click on it to confirm your registration.
4. Personal Information:
Complete your profile by providing additional required information. Depending on regulatory requirements, this may involve verifying your identity through documents such as a driver's license or passport.
5. Deposit Funds:
Once your account is set up, you'll need to deposit funds to start trading. StormGain typically supports various deposit methods, including cryptocurrencies and fiat currencies.
6. Explore the Platform:
With a funded account, you can explore the StormGain trading platform. Familiarize yourself with the user interface, available trading pairs, and tools provided for analysis.
It's crucial to note that the account opening process can evolve, and users should refer to the latest guidelines provided by StormGain during the registration process. Compliance with any KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements is essential for a seamless experience.
To buy cryptocurrencies on StormGain, follow these simplified steps:
1. Create an Account:
Begin by creating an account on the StormGain app. If you're new to StormGain, the registration process involves providing necessary information and setting up your account.
2. Access Wallets and Deposit:
Sign in to your StormGain account and go to the 'Wallets' section. Click on the 'Deposit' button to proceed with funding your account.
3. Open the Deposit Page:
In the deposit section, select the wallet containing the cryptocurrency you want to purchase.
4. Choose Payment Type:
Decide whether you want to buy crypto with a credit card ('Fiat') or with another cryptocurrency ('Crypto').
5. Specify Amount and Payment Method:
Select or enter the amount of cryptocurrency you wish to purchase. Choose 'Credit card' as your payment method and click 'Deposit'.
6. Enter Payment Details:
You'll be directed to the payment method page. Review the order summary and input your credit card details, including billing address and contact information.
7. Complete the Transaction:
Click 'Pay Now' to finalize the transaction. For the first-time payment, additional verification may be required.
By following these steps, you can efficiently buy cryptocurrencies on StormGain using a credit card. It's important to review your order details and ensure the accuracy of your payment information for a seamless and secure transaction experience.
- There is no commission for trading cryptocurrencies on StormGain, which means you can buy and sell cryptocurrencies without incurring any direct trading fees.
- For each trade, there is a maker and taker fee of 0.40%. A maker is when you add liquidity to the market by placing a limit order that doesn't get matched immediately, while a taker is when you remove liquidity by placing an order that gets matched immediately. Both the maker and taker fees are set at 0.40%.
- Funding fees are applicable when trading futures contracts on StormGain. These fees represent the cost of funding a position. The funding fee rate for buying positions (longs) and selling positions (shorts) varies across different instruments. It can be either -0.010% or 0.010% for a period of 8 hours, depending on the instrument.
- When exchanging between cryptocurrencies on StormGain, there is a commission fee that varies depending on the instrument. It can either be 0.095% or 0.25% for each exchange transaction.
Fee Type | Description | Rate |
Crypto Trading Commission | No direct commission fee for buying and selling cryptocurrencies | No commission |
Maker Fee | Placing a limit order that doesnt get matched immediately | 0.40% |
Taker Fee | Placing an order that gets matched immediately | 0.40% |
Funding Fees | Applicable for trading futures contracts on StormGain | Rates vary |
- Buying Positions (Longs): Funding fee rate for 8 hours | -0.010% or 0.010% | |
- Selling Positions (Shorts): Funding fee rate for 8 hours | -0.010% or 0.010% | |
Exchange Commission | Incurred when exchanging between cryptocurrencies | Rates vary |
The commission rate for each exchange transaction | 0.095% or 0.25% |
It's important to note that these fees may vary and are subject to change. It's advisable to check the StormGain website or contact their customer support for the most up-to-date and accurate information regarding their fees and trading conditions.
StormGain supports both cryptocurrency and credit/debit card deposits and withdrawals. This allows users to conveniently fund their accounts and withdraw funds using either cryptocurrencies or traditional payment methods.
- StormGain allows users to deposit and withdraw cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and more. This means you can transfer your crypto assets from your external wallet to your StormGain account for trading purposes. Similarly, you can also withdraw your cryptocurrencies from your StormGain account to an external wallet.
Currency | Min. deposit amount | Deposit fee | Min. withdrawal amount | Fixed withdrawal fee* | Additional withdrawal fee |
USDT | 1 USDT | 0.00% | with no restrictions | 7 USDT | 0.1% |
BTC | 0.00003 BTC | 0.00% | 0.0014 BTC | 0.0007 BTC | 0.1% |
BCH | 0.003 BCH | 0.00% | 0.11 BCH | 0.00039 BCH | 0.1% |
ETH | 0.001 ETH | 0.00% | with no restrictions | 0.0023 ETH | 0.1% |
LTC | 0.0072 LTC | 0.00% | 0.36 LTC | 0.0018 LTC | 0.1% |
XRP | 4 XRP | 0.00% | with no restrictions | 0.371 XRP | 0.1% |
DASH | 0.008 DASH | 0.00% | 0.4 DASH | 0.002 DASH | 0.1% |
ZEC | 0.01 ZEC | 0.00% | with no restrictions | 0.002 ZEC | 0.1% |
XLM | 4 XLM | 0.00% | with no restrictions | 0.04 XLM | 0.1% |
DAI | 1 DAI | 0.00% | with no restrictions | 7 DAI | 0,1% |
USDC | 1 USDC | 0.00% | with no restrictions | 7 USDC | 0,1% |
- StormGain also supports credit and debit card transactions for both deposits and withdrawals. Users can link their VISA or Mastercard to their StormGain account to fund it directly through card payments. Similarly, when you want to withdraw funds, you can choose the credit/debit card option to transfer the funds back to your linked card.
Deposit commision | Min. commission |
5% | 10 USD |
Compare to Other Cryptocurrency Exchanges
Exchange | Fees | Cryptos | Website |
StormGain | 0.40% | 50 | https://stormgain.com |
FXopen | 0%-4% | 40+ | https://www.fxopen.co.uk/ |
ByBit | 0% (spot), 0.06% 0.01% (futures) | 331 | https://www.bybit.com/ |
Kraken | 0.16%-026% | 222 | https://www.kraken.com/ |
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Q 1: | Is StormGain regulated? |
A 1: | No. It has no regulation. |
Q 2: | At StormGain, are there any regional restrictions for traders? |
A 2: | Yes. Stormgain services are not intended for use in the European Union. Furthermore, Stormgain services are not available in countries identified by FATF as high-risk and non-cooperative jurisdictions with strategic AML/CFT deficiencies; and countries under international sanctions. |
Q 3: | Does MEXC Exchange require KYC? |
A 3: | No. StormGain does not ask you to undergo an identification verification procedure (known as KYC, or the Know Your Client procedure) when you buy cryptocurrency with a credit card. |
Q 4: | Is StormGain a good crypto exchange for beginners? |
A 4: | No. It is not suitable for beginners because of unregulated condition. |
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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