StormGain crypto exchange is a software and mobile digital custodial exchange with 11 different tokens available and unique features for a no-KYC exchange, such as coinjar review Bitcoin mining and trading options. The exchange is suitable only for traders in the UK, and it’s free to use. Despite of risks, there are numerous safer ways to engage with cryptocurrencies and this comes only from experience and more practice. Trading platforms help people profit from the volatility of crypto markets, yet we suggest dig deeper to research the hidden risks involved in the legal and execution point of view. Discover the suitable broker for your trading needs from our trusted forex brokers and explore viable investment options such as banking, crypto and stocks. It is evident from our research that StormGain provides a comprehensive and a straightforward trading experience for both novice and advanced traders.
I was let down by this company
Under leveraged trading, the environment offers trading in more than 40 different crypto-to-crypto pairs and three crypto indices, all settled in Tether. It is a promising cryptocurrency exchange platform that has found mentions in some of the leading mainstream news websites and is also nominated as an emerging fintech startup. And is also a member of the Blockchain Association of the Financial Commission.
Only mobile users may also get AI-generated crypto signals through the StormGain app. Unlocked staking, one of StormGain’s unique features, allows users to receive rewards passively on money stored in a StormGain wallet without worrying about lockup periods. As part of the StormGain loyalty program, unlocked staking rewards—which now stand at 2% APY—can increase in proportion to trade volume. 10% staking APY is offered to users etoro broker review who execute at least $150,000 monthly transactions.
How to Make a Deposit
The commission for depositing using credit card of 5% is too high and the cost of 0.1% to withdraw is also too high in our opinion. This is very high and forces the client to deposit a minimum of 200 USD. According to Stormgain, they offer the lowest commissions on the market. The exchange costs depend very much on which trading pair you are trading with.
You can deposit funds at Stormgain in two different ways, using cryptocurrency or a credit card. Dear customer, please note that starting from April 1, 2024, the rules for using mined funds changed.You will still be able to use the funds received from mining in your trading operations. However, in order to do so, you will need to have a sufficient amount of real funds on your account balance. In order to be able to open a trade using bonus funds from the miner, the ratio of real and bonus funds on your account must be 4 to 1 (80% real funds to 20% bonus from the miner). Once you decide it is time to deposit some funds you will quickly grasp that StormGain has not only crypto but also fiat gateways (for deposit only). The only way to send funds out of an account on StormGain is via one of the supported cryptocurrencies.
StormGain offers its users an easy way to backup and restore their account information in just a few simple steps. To back up your account, log in and navigate to the “Security” section. From there, click on the “Backup” button and follow the provided instructions to create a backup file of your account. It’s important to save this file in a secure location to protect your information. The platform might offer you different order types, including market orders, limit orders, and stop-loss orders. Each order type is designed for a specific purpose, so it’s essential to understand their functions and which one best suits your trading strategy.
Trading
You can find some good options for your crypto investing and trading needs. I have also included a quick comparison table below to assist you making your decision. However, the variety in the markets other than futures is not the best.
- Nonetheless, we must stress that high-margin trading is not appropriate for novices.
- With its simple interface and competitive trading fees, StormGain is popular among both beginner and experienced traders looking to capitalize on the volatility of the crypto market.
- Although KYC (Know Your Customer) is becoming more and more common lately, this is not (yet) necessary for Stormgain.
- We want to make it possible for everyone to easily enter the world of cryptocurrency.
- However, StormGain charges a fixed fee for any order type which is a deterrent to professional market makers who are accustomed to rebates on their trading.
- This may not be inconvenient for those who prefer to use other payment methods.
What Is Day Trading and How Does It Work?
- Once logged in with your wallet, you can commence trading, ensuring a seamless and straightforward process.
- That said, if you reside in a country that has unequivocally outlawed cryptocurrency, such as China or Afghanistan, it is in your best interest to comply with these laws and abstain from using DeFi tools.
- The knowledge base is segregated by different products offered in the platform, making it easier to search the information.
- With that said, the service provided by StormGain is more akin to rewarding traders that are active rather than typical Bitcoin mining.
- StormGain Exchange is a comprehensive platform designed for managing and trading cryptocurrencies.
- It allows users to trade in some of the most popular and capitalized cryptocurrencies.
The platform has only been active since 2019 and the headquarter is located in the Seychelles. If you do not know exactly what this means, we advise you not to use this exchange yet. In this Stormgain review we examine the platform and explain how it exactly works. This way you can decide for yourself if you want to use this exchange. One of the best parts about the StormGain platform is the host of advanced trading features.
Stormgain offers 24/7 support via live chat on their website and app, as well as through email communication. Whether you have a burning question or need assistance with your account, their dedicated support team is just a message away to help you out. They also provide access to a searchable database where you can find answers to frequently asked questions. StormGain has provided easy-to-follow animated videos with full tutorials to make it easy for people to learn how to trade crypto on their platform. Once you’ve registered your account, you will need to make a deposit to begin trading and taking advantage of the StormGain platform offerings. You can withdraw from StormGain to your cryptocurrency wallet address using the 11 tokens available.
Launched in 2019, StormGain quickly made an impression by providing leveraged trading on various digital assets. We are not a financial advisor and the content on this website is not financial advice. All information on this website is informative and not a recommendation to buy or sell anything.
StormGain has over five million users from all over the world and boasts a presence in more than 230 countries. StormGain is no doubt a worldwide service, and it accepts users irrespective of their origins. One great thing about StormGain is that it tries combining all of the most advanced and latest trading features into a single place, allowing people to trade efficiently. StormGain offers many benefits to its users, including massive leverage, enormous liquidity, signals customization, trading tools and a secure interface. In addition, StormGain also offers a loyalty program that lets traders earn various benefits.
However, the company has incorporated various decentralized finance (DeFi) elements into its ecosystem, such as offering decentralized exchange (DEX) perpetuals with leverage up to 500x. StormGain offers a loyalty programme which may affect trading commissions, deposit bonuses and other financial activities on its platform. StormGain offers transparent and competitive fees within its industry.
This is not necessarily a disadvantage, but it does seem somewhat restrictive. Overall, this extent of SEC involvement fosters a somewhat hostile environment for crypto companies to operate within, making them reluctant to offer their services within the nation. There might be a shift in the future where a more balanced approach is adopted. However, in its current state, it often justifies the absence of US support for certain exchanges. Cloud miners operate this way because an increase in trades equates to greater profits for the platform.
And they are cheaper than most other exchanges (based on their own comparison). Please see our guide how to buy crypto at Bitvavo if you don’t own any crypto yet. After purchasing, send the crypto to Stormgain, we advise you to buy Bitcoin. StormGain has a strong social media presence, including Facebook, LinkedIn, Twitter and, YouTube. While users can find an array of tutorials, members are also able to contact StormGain via the various media platforms.
In addition, it also has information about market trends, potential trading opportunities, and price movements of specific cryptocurrencies. The StormGain exchange is not exclusively focused on Bitcoin, offering several altcoins. In addition to BTC, it operates with Litecoin, Bitcoin Cash, Ethereum, Tether, XRP, DAI, USDC, Stellar, Zcash, and a few others. While this lineup is by no means inadequate, it can indeed seem restrictive when compared with industry giants like KuCoin and Binance, which offer hundreds of different crypto assets. These tools operate with a variety of cryptocurrencies, including altcoins and stablecoins. Owing to its centralized finance (CeFi) model, StormGain can also handle fiat currencies.
StormGain stands out as an impressive all-in-one platform for cryptocurrency trading, providing leveraged trading services, cloud mining programs and comprehensive educational resources. Although its fee structure may differ from other exchanges, its competitive trading terms and user-friendly approach make StormGain an established player on the cryptocurrency exchange landscape. With the StormGain app, users can mine, trade, and just2trade review stake Bitcoin on iOS and Android operating systems. Users may access nearly all of the features available on the desktop version of the online trading platform through the StormGain mobile app, making it an extremely flexible tool. Users get a list of various instruments after logging into the program; the bottom navigation bar allows users to access services like the exchange and integrated cryptocurrency wallet. Users of the StormGain app have access to various markets, such as spots, futures, commodities, and contracts for Bitcoin and Ethereum options.
Users praise the platform’s features and ease of use, but some express concerns about withdrawal issues and customer support. Other than trading in cryptocurrencies, you can earn passive income from your crypto holdings. The wallet lets you earn interest of up to 12% on your crypto deposit, one of the first exchanges to do so. StormGain features a unique and custom-built interface, combining one of the best crypto charting packages, TradingView, with a simplified layout. The user interface has expected trading features, including over 30 technical indicators and various drawing tools helpful in finding new trading opportunities.