Search
Close this search box.

StormGain Review – Fees, Features, Facts & More

Publisher

January 20, 2024
StormGain Review

StormGain is a rising cryptocurrency exchange that was launched in 2019. It is a platform that helps users who want to benefit from a market’s rise or fall. It provides users with many products and a simple interface to enjoy.

In this StormGain Review, we will provide all the information you need to know whether StormGain is your right crypto trading platform. This information will include its features, products and services, trading options, fees, and more.

 

StormGain Overview

StormGain is a centralized cryptocurrency trading platform founded by Alex Althausen. It was launched in 2019 to make digital currency trading more lucrative for traders.

StormGain’s 24-hour trading volume is estimated at approximately $1 million in spot and $87 million for futures. The most active trading pair on the StormGain exchange is ETH/USDT, with a 24-hour trading volume of $1 million. The platform is mainly known for trading and holding cryptocurrencies. There are currently 7 available cryptocurrencies on the spot market with 15 trading pairs. On the futures market, traders have access to 65 cryptocurrency pairs.

The exchange allows customers to trade digital currencies, store them in a multipurpose wallet, mine bitcoin and stake Cryptocurrencies. The platform offers users spot and futures trading features. It also combines traditional and advanced trading features, including various order types, trading tools, and customized buy/sell signals with low fees.

 

Visit StormGain!

 

Pros & Cons

👍 StormGain Pros👎 StormGain Cons
✅ Only charges trading fees on profitable trades❌ Limited assets
✅ High leverage of up to 500x❌ No provision for fiat funds
✅ Efficient cloud-mining feature❌ Unregulated
✅ Simple verification fees
✅ Demo trading is available
✅ Beginner-friendly interface

 

StormGain Trading

StormGain’s trading platform offers cryptocurrency trading signals to help traders gauge the profitability of their trades. It also provides risk management instruments to stop trades before they incur heavy losses or increase trading amounts when there is a higher likelihood of generating profits. The platform majors in spot and futures trading.

 

Spot trading

Trading spot on StormGain has an interface that allows you to navigate the markets easily.

At the peak of its spot trading features are the trading signals that customers receive. These signals come with Stop losses and Take profit settings to help them manage risks. The platform also offers risk management instruments to stop trades before they incur heavy losses or increase trading amounts when there is a higher likelihood of generating profits.

 

Futures Trading

StormGain Futures supports trading in more than 40 different crypto futures contracts, crypto indices, equities, and even commodities. It also offers leverages between 5:1 and 300:1.

On StormGain, traders can profit from market rises or market falls by longing and shorting. It provides a trading dashboard where users can monitor their positions and open new ones.

Customers are also given leverage opportunities from as low as 200x to as high as 500x in futures.

 

StormGain Fees

StormGain does not collect fees based on maker/taker as most other crypto exchanges do for its futures trading platform. Instead, the platform uses a flat-fee pricing model for spot and futures trades.

 

Spot Fees

Spot fees on StormGain are taken using a maker/taker structure. Compared to other crypto exchanges, the prices on trades are pretty high when compared to other crypto exchanges like Bybit and Bitunix which maintain industry standards. StormGain spot trading attracts a fee of 0.40% for the maker/taker.

 

Future fees

The fee is 10% of your income for a successful trade. There are only commissions if the trade is successful. The swap, sell, and purchase depend on the asset. For example, the indicator is -0.070%/- 0.070% for LTC/BTC respectively.

 

StormGain Products & Services

There are some products and services available on the StormGain exchange.

 

Bitcoin Mining

Bitcoin Cloud mining on StormGain is a feature that allows users to mine Bitcoin without needing any mining equipment or causing any battery or CPU drainage. It’s a fast and risk-free way to earn free Bitcoin daily.

To begin mining, you first need to sign up at StormGain. After you register, go to the dedicated Bitcoin Miner page. Hit the big green ‘Activate’ button for your first mining reward after 4 hours. You can repeat the operation while increasing your mining speed by trading or exchanging cryptocurrency on StormGain.

Your mining speed automatically increases as your trading volume grows. You can earn up to 0.0318 Bitcoin a day. You can mine your first crypto in 4 hours and earn free Bitcoin daily by reaching specific trading volumes and increasing your mining speed.

 

Trading signals

StormGain provides amateur and even professional traders on the platform with trading signals to help users maximize profits. These signals come with default Take-profit and Stop-loss parameters for optional use. There are also the increase and Auto-increase options to increase the investment amount when the trend is favorable in an open position.

Each buy or sell signal comes with two major indicators, profitability and probability, to help users make better decisions.

 

Wallets

StormGain offers a built-in multi-currency wallet that provides an easy way to secure, manage, and exchange your funds whenever and wherever you want. Here are some key features of the StormGain wallets.

StormGain’s wallet supports the most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. You can access your wallet 24/7 worldwide from any device.

You can hedge your portfolio by exchanging your coins for Gold and Silver tokens in your wallet. StormGain also offers cold wallets for cryptocurrency. You can easily purchase real cryptocurrency and store it reliably.

 

Staking

StormGain offers a unique feature known as Unlocked Staking. This feature allows users to profit from their holdings without locking them, meaning the funds remain available for other operations, such as trading or exchanging within the StormGain platform. That is different from classic staking, which involves holding or ‘freezing’ a certain amount of funds in your wallet to earn interest on the cryptocurrency you own.

 

Mobile app

StormGain offers a comprehensive mobile app with the same features as the web terminal. The mobile app is available for Android and iOS devices. Here are some key features of the StormGain mobile app:

  1. Crypto Trading: The app provides a platform for trading over 40 different cryptocurrencies with leverage of up to 200x. It also offers free trading signals and a volatility tracker.
  2. Bitcoin Cloud Mining: StormGain’s mobile app offers a cloud mining service that allows users to earn free Bitcoin daily without any battery or CPU drainage.
  3. Crypto Exchange: The app has a built-in crypto exchange that allows users to swap crypto tokens easily. Users can even use credit cards to purchase crypto.
  4. Trading Signals: StormGain provides up-to-date trading signals attached to various instruments to help traders make informed decisions.

 

StormGain Signup and KYC

StormGain has a quick and easy signup process that can be done in seconds.

To register on StormGain exchange, simply navigate to the signup page and enter your account’s email address and password. The registration process is the same whether on the web terminal or the mobile app. With just your email and a strong password, you have created an account with StormGain. Users are advised to set up their Two-Factor authentication for better account security.

After your account is set up on the platform, you must register your KYC. KYC registration is compulsory for all users when withdrawing funds from the miner.

KYC registration is also necessary to withdraw traded funds from the platform to an external wallet.

 

Visit StormGain!

 

StormGain Security

StormGain is devoted to ensuring the safe storage of user funds on its platform. To do so, StormGain employs specific security measures to ensure the best environment for all users. Some of these measures include;

  • Secure split fund storage between warm and cold storage.
  • Two-Factor Authentication
  • Multi-signature withdrawal method
  • Real-time monitoring
  • Encryption of all sensitive data.
  • Quarterly security audit
  • SSL encryption
  • Controlled and monitored access.

 

StormGain Customer Service

Customer Service on StormGain is commendable. The platform provides users 24/7 live chat and email support for urgent cases. A help and support center is also available for users to find FAQs and articles explaining some of the less urgent situations.

Lastly, the exchange provides a secure contact number for customers to call when emergency issues need to be sorted out.

 

Conclusion

StormGain has been gaining popularity in recent months. It has a good futures trading platform with an easy user interface for beginners and professional traders to navigate. One of the most notable features of StormGain is its free trading signals provided to users on the platform. It is a perfect way for traders to enhance profitability. It also provides users the opportunity to mine Bitcoin. Also, if you are looking for an exchange where you can stake cryptocurrencies, then you should try the StormGain staking option for good yields on staking returns.

The exchange’s major drawback though, would be that it is an unregulated exchange. It also needs to improve on its expensive fee structure for trades as this can be a major setback to potential investors.

Overall, it is recommended that users thoroughly analyze the pros and cons before opening an account with StormGain. Not all clients are satisfied with the company, according to reviews.

 

FAQs

Is StormGain legit?

StormGain is a growing cryptocurrency exchange. Although there are no known regulations, StormGain is a good choice for cryptocurrency trading.

 

Where is StormGain located?

StormGain is a cryptocurrency exchange located in London, England of the UK.

 

Does StormGain have a native token?

No, StormGain currently does not have a native token.

 

Is StormGain secure?

StormGain provides a secure and hack-proof exchange where funds can be stored safely.

 

Was this helpful?

Thanks for your feedback!
Days
Hours
Minutes
Seconds
Days
Hours
Minutes
Seconds