StormGain experiences - The crypto exchange review
Quality
speed
cost
The demand for cryptocurrencies simply does not stop. More and more people are getting into trading with digital currencies - accordingly, the range of platforms offering them for sale and purchase is also increasing.
One of the newer providers on the market is StormGain. The crypto exchange is enjoying rapid growth and ever-increasing popularity among users.
Reason enough to take a closer look at this platform and analyse whether it is really worth creating an account here. Here is everything you need to know about StormGain!
What is StormGain?
StormGain is a young and innovative cryptocurrency exchange that allows margin trading on 6 leading cryptocurrencies. Contrary to the typical "hodln" of cryptocurrencies, at StormGain you can profit from both rising and falling prices.
You can enter into futures contracts on BTC, ETH, XRP, BCH, LTC and trade with up to 100x leverage. You can also expect an intuitive user interface, AI-based trading signals and other advantages.
StormGain is an all-in-one trading platform that comes with exclusive benefits. Users can access this platform from a desktop PC, tablet or mobile phone and enjoy the benefits of a well-designed trading platform, manage their trades from anywhere and explore the simple and user-friendly interface. One can find and download the app from Google Play or the App Store and Huawei's AppGallery. We conducted an extensive test and found the following.
StormGain | Key data |
|---|---|
languages | 11 |
Trading fee | 0.095% to 0.25% |
Demo account | Yes, including $ 50,000 virtual credit |
countries | 100+ |
FIAT withdrawals | Yes |
Payment with credit card | Yes |
Notifications | Yes, push for course changes |
App | Yes, iOS + Android |
Video lessons | Yes |
Registration | Simply without KYC |
Margin trading | Yes |
Account tiers | Various |
What is the story behind StormGain?
StormGain, the all-in-one cryptocurrency trading platform, was founded by a group of financial experts and launched in July 2019. StormGain is present in more than 100 countries and has more than 120,000 customers worldwide who can easily buy, trade, hodln or learn more about or earn from crypto via the app or the web application.
As a member of the Blockchain Association of Financial Commission, Stormgain adheres to a code of conduct with corresponding principles. These include a commitment to honest and responsible dealings with consumers and proactive disclosure of clear information about pricing, leverage, fees and any associated risks.
Currently, StormGain acts as the official trading partner of S.S Lazio, offering traders unique and unforgettable moments that can only be experienced once in a lifetime.
What makes StormGain special is that your deposits are converted or held in USDTether (USDT).
The team behind StormGain
Behind StormGain is a multi-member, experienced team around Managing Director Alex Althausen, who has years of management and sales experience in the broker sector. Zeev Shnaiderman is the product manager responsible for product development and the user experience of the platform. He, too, can look back on a long career in the FinTech and UX sector.
In total, the platform can already be served in more than 40 countries and 23 different languages. The company is based on the blockchain island of Malta, where it is licensed and regulated by the Malta Financial Services Authority (MFSA).
As Malta is an EU member state, the MFSA must also follow the requirements of the European Union in its supervisory and regulatory activities. This also ensures that StormGain is a reputable provider.
Partnerships
Since its launch in early July 2019, StormGain has already announced partnerships with several notable players. The most important of these is undoubtedly the partnership with the British Premier League team of Newcastle United FC.
StormGain can thus be sure of high media coverage and make its brand name known to a passionate and sports-loving target group. As the official shirt sponsor, the StormGain logo will be featured on the left sleeve of NUFC players. In addition, the crypto exchange will also be advertised in club mailings and at the club's stadium.
As a StormGain user, you have the chance to win standard and VIP tickets to the club's home games.
A step by step guide to signing up to StormGain
Step 1: Registration
The first step is to click on "Join Now," a button you'll find on StormGain's homepage. After that, all you need to do is enter your email address and choose a password, and you've opened an account.
This means that you first have to confirm with a mouse click that you accept the general terms and conditions and that you are not a US citizen. If you also choose two-factor authentication, you can only log in with your mobile phone.
With the free demo account including 50,000 USD virtual credit you can make your first StormGain experience and get to know the functions of the trading platform - completely risk-free.
For live trading you need to make a deposit.
Step 2: The deposit
StormGain's business concept is entirely based on cryptos. Therefore, in order to make a deposit, you must already own cryptocurrencies, such as Bitcoins or Ether. If you still want to pay by credit card, you have to enter personal data such as your first and last name, date of birth and address as well as your ID number and go through a verification process.
Most users choose Tether because this cryptocurrency is linked to the dollar and therefore offers more stability than Bitcoin or other coins. For the transfer of altcoins, it is only necessary to enter one's own seed in the corresponding mask.
The platform also functions as a StormGain wallet, which is why the cryptos are only available on StormGain after the deposit. Once the credit has been made, you can start trading.
Step 3: Trading
StormGain is an exchange on which only crypto CFDs are traded. The various trading tools are available at no extra cost.
If you don't have a lot of experience trading crypto CFDs, you can educate yourself with the information provided by StormGain on their website.
StormGain - The Platform
Another practical feature is the option to receive push notifications about trading signals published by StormGain specialists, so that you no longer miss any lucrative trading opportunities.
Stablecoin USDTether
This cryptocurrency is pegged to the US dollar exchange rate and thus frees you from possible exchange rate volatility as is usual with other cryptocurrencies. At the same time, you benefit from the instant and cheap exchange of cryptocurrencies and save yourself the high exchange fees of fiat-to-crypto transactions.
Functions
Multiplier/Leverage
It is important to note that you do not acquire direct ownership of cryptocurrencies on StormGain, but that you trade with so-called CFDs - Contracts for Difference.
Contracts for difference are speculative financial instruments whose value is linked to an underlying asset. Your futures contract will therefore change depending on the price development of the underlying cryptocurrency.
To help you better manage your invested capital, StormGain also allows you to make leveraged trades on cryptocurrencies with the multiplier feature. The multiplier is a value that determines how the trading result changes relative to the value of the underlying asset. You must determine the multiplier when you enter into the trade.
Example: If you want to invest 100 euros in a BTC CFD and select a multiplier of 5, you will open a trading position with 500 euros.
Caution: Contracts for difference are highly speculative financial instruments that may not be suitable for every investor. In the event of a loss, trading with a multiplier (= leverage) can result in an obligation to make additional contributions. You should be aware of the possible financial risks and never invest more than you can afford to lose.
AI-based trading signals
Another attractive feature of StormGain are the trading signals determined by means of artificial intelligence and complex algorithms, which identify emerging trends and patterns in the crypto market. As StormGain describes on its website, these developments are tracked by StormGain specialists and then made available free of charge to all StormGain users on the online platform in the form of trading signals and buy and sell recommendations.
According to StormGain, extensive analysis tools such as chart analyses, various indicators, technical analysis patterns and qualitative analyses are used.
Of course, even the most sophisticated AI and advanced chart analyses cannot offer absolute certainty, but the predictions are associated with an impressive forecast probability of 70%.
Margin Trading
Margin trading at StormGain, while risky, allows professional traders to maximise the potential profits of their positions. However, we must point out that high margin trading is not suitable for beginners. StormGain has a wide range of charts, trading signals and analysis tools, so you can always draw on in-depth knowledge when trading.
Prospecting
All StormGain users have access to the Cloud Miner and can get their first coins to trade in as little as 4 hours. Crypto mining at StormGain is quite simple and only requires a few steps.
Wallet
For each cryptocurrency you have a separate wallet at the exchange. At "From Wallet" just enter which cryptocurrency you want to buy and at "To Wallet" click on the cryptocurrency you want to buy. Click on "Exchange" to carry out the cryptocurrency carry out the cryptocurrency exchange.
Below the button, the exchange rate and the commission charged by StormGain are displayed. In the navigation bar on the right, your individual cryptocurrency wallets are listed under "My Wallets" with the current account balance. With a simple click on "Deposit" you can start the deposit process into the respective wallet.
Best crypto exchange | |
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The StormGain offer
Although StormGain allows you to trade with up to a 100x multiplier, you can of course set your desired multiplier freely and flexibly. We recommend that you first try out the risky margin trade with a smaller single or double-digit multiplier.
A look at StormGain's trading offer shows that you can trade 6 of the most popular cryptocurrencies here. Traders and investors can trade with:
Bitcoin
Bitcoin Cash
Ethereum
Ripple
Litecoin
USDT - serves as the base currency
If you are looking for more cryptocurrencies or other assets, you should take a closer look at the trading platforms eToro, Plus500 or AvaTrade.
Why choose StormGain?
StormGain is packed with exclusive benefits and allows trading on a simple and user-friendly interface available for both Android and iOS devices. StormGain offers fantastic trading conditions, with 0% commission for traders. The platform is designed for both beginners and experts.
StormGain offers an all-in-one service that allows cryptocurrency exchanges, margin trading and wallets for multiple currencies on one secure platform. Beginners as well as professionals can take advantage of the unique Cloud Miner feature and high leverage.
StormGain has a range of audio-visual materials, in-app messages and reviews and provides its clients with all the information needed to understand and master the market. StormGain is a broker that provides the user with all the tools one needs to know in order to be successful and lets the user practice on a 50k demo account, making it easier to enter the world of crypto trading.
What deposit and withdrawal methods are accepted?
Once you have opened your account with StormGain, you can deposit in any of the 6 available cryptocurrencies. This means that you must already have a wallet of the corresponding cryptocurrency and corresponding funds in the wallet.
You can then deposit from this existing wallet into the wallet created at StormGain for the respective cryptocurrency:
To do this, simply click on "Deposit" for the corresponding cryptocurrency on the trading platform. A window will open on which you can see the current trading rate on the left, click on "Deposit" again on the right. Now you will be shown a wallet address, which you can export by clicking on the "Copy address" button.
Alternatively, you can also display a QR code that you can scan with your mobile wallet. Then simply send the corresponding amount to the wallet and it should be available in a few minutes.
The fees at StormGain
StormGain also benefits from the fact that the fee structure is more favourable and therefore more advantageous for investors than most other exchanges on the market.
The fees charged are based on supply and demand as well as liquidity on the market, and amount to a low 0.15% to 0.5% depending on the cryptocurrency and position. The comparatively low fees are particularly attractive when you trade with a multiplier.
It is particularly practical for beginners that you can start with a minimum deposit of only 50 USDT. With a small trading amount, you can calmly try out trading with cryptocurrencies before you venture higher stakes.
And: If you trade leveraged at Stormgain, you get an interest of 10% on your balance. More information about this can be found here.
Compared to other providers, you pay lower fees as a StormGain user. How much the costs are exactly depends on the action. Fees are charged for:
Deposits and withdrawals
When exchanging into another cryptocurrency
When trading with cryptocurrencies
Below you will find a table for each action.
Deposit and withdrawal fees
As shown in this table, there are no StormGain fees for deposits and only 0.1% for StormGain withdrawals.
Cryptocurrency | Deposit fee | Withdrawal Fee | Minimum deposit | Minimum payout |
|---|---|---|---|---|
BTC | 0.00% | 0.1% | 0.005 BTC | 0.00 BTC |
BCH | 0.00% | 0.1% | 0.16 BCH | 0.00 BCH |
LTC | 0.00% | 0.1% | 0.55 LTC | 0.00 LTC |
ETH | 0.00% | 0.1% | 0.20 ETH | 0.00 ETH |
XRP | 0.00% | 0.1% | 160 XRP | 0.00 XRP |
How do I get the StormGain app?
The various price charts are available after downloading the app. One of the main reasons why the StormGain app is extremely popular with users - it has 4.5 out of 5 stars on the iOS App Store and 4.6 out of 5 stars with 6,909 reviews on the Adroid App Store.
The StormGain App
There is virtually no difference between the browser on the desktop and the StormGain app. The app has everything it takes to trade cryptos successfully and is compatible with iOS and Android devices.
Want to trade crypto CFDs on the go? That's possible with the app at the touch of a finger. You can also have trading signals sent to you via push notifications and manage your cryptocurrencies in the wallet.
Over 100,000 users have already downloaded the app, which is available in more than 10 languages. The feedback is positive. In particular, they praise the clarity and user-friendliness of the menus.
Storm Gain - Trustpilot Reviews
StormGain currently has 2,423 reviews on Trustpilot with an average rating of 4.3 out of 5 stars. 63% of users have given the platform the highest rating.
Here are a few reviews:
StormGain Customer wrote on 08/01/2021:
"Good and it's just fun."
Hanibal, who left a review on 05/01/2021, also had a good StormGain experience:
"Good app, very clear and understandable. Mining cryptocurrencies is especially good. When trading, a high leverage holds out the prospect of good profits. But of course there are also risks involved if you choose too high a leverage. All in all, a good platform for beginners and advanced traders."
And Kalli Sauermann raved on 31.12.2020:
"I've only been interested in trading for a short time and have to say, the whole thing is already very user-friendly and understandably structured."
The StormGain Loyalty Programme
StormGain offers its customers something that is no longer common in the industry: a loyalty programme, and even sevenfold. It is intended to encourage users to store more cryptos in the StormGain wallet.
StormGain has several levels here, ranging from standard (< USD 499) to VIP 3 status (> USD 99,999). Of course, level 4 offers more advantages.
So if you trade often and large amounts of cryptos via StormGain, you can benefit from numerous perks and under certain circumstances also earn good money with it.
As a StormGain customer, you can therefore participate in the loyalty programme, which includes the following:
Up to 20% bonus on every deposit
Up to 10 % interest on all your cryptocurrencies held in StormGain wallets
Multi-currency wallets
24/7 Support
Is StormGain reputable or a scam?
StormGain wants to make it possible to trade crypto CFDs without having to spend traditional fiat currencies. The provider is thus betting on the crypto trend of the last few years. Whether StormGain is reputable or a scam is always a question, which is unsurprising. Storing one's own cryptos in an online wallet is always associated with a risk, even more so with an unknown provider like StormGain.
However, this platform does not look like a scam; the homepage gives a trustworthy impression. The provider introduces its employees with a short biography and is a partner of Newcastle United. StormGain also advertises other partners. However, it is not clear whether StormGain is regulated and by whom, or which instructions the platform must adhere to, because it exclusively trades cryptos. Nevertheless, there is much to suggest that StormGain is reputable.
We could not find anything in our test that would have indicated a fraudulent provider. The many positive feedbacks on the net also testify to this. Such reports can be found in several forums. The majority had good experiences with the new provider and, for example, had no problems with crypto withdrawals.
However, a few users think StormGain is dubious. They criticise the lack of regulation and the fact that the company is based in a tax haven.
For most customers, however, StormGain is a professional company with a convincing app.
Precisely because there are questions about regulation, we advise you to invest only small amounts in StormGain despite all the good reviews and our positive impression of the provider. After a certain period of time, when everything has worked out well, you can still transfer larger sums.
The advantages and disadvantages at a glance
Pros
Cons
Innovative and promising
StormGain is a new, promising crypto exchange on the European market. The provider convinces with:
an intuitive user interface,
6 available cryptocurrencies,
the option of margin trading with a multiplier of up to 100x, and
extremely low trading fees.
We strongly hope that StormGain's offer will soon include more cryptocurrencies.
For anyone looking for a simple crypto exchange where they can trade BTC, ETH, XRP, BCH or LTC, StormGain is definitely the place to be.
Conclusion on StormGain
StormGain is definitely worth a try. The platform houses everything under one roof and the operators are constantly improving various elements to give users the best experience. Both beginners and advanced traders are given the opportunity to achieve the best possible results through access to tools and training. What proves to be particularly helpful is that complicated definitions, terms and information are transformed so that everyone can understand them. The easy-to-use interface makes for simple navigation and a great user experience, but also allows access to the largest and most popular cryptocurrencies on the market. We will certainly be hearing more about StormGain and its future improvements in the future.
FAQ
StormGain is a cryptocurrency exchange on which more than 120,000 users in over 100 countries currently trade CFDs on cryptocurrencies. The trading offer includes a trading app for Android and iOS devices, a maximum annual interest rate of 10% on the credit balance, 11 futures on cryptos and much more.
StormGain is a reputable trading platform and is recommended for traders who are familiar with margin trading. It convinces with a high level of user-friendliness. Newcomers in particular can benefit from StormGain because everything is clearly laid out here and users are not confused by an overabundance of financial instruments.
StormGain has convinced us. The platform offers good trading opportunities for cryptos and a competent customer service.
StormGain processes payouts very quickly. Depending on the preferred payout method, the payment is processed within a few minutes. In some cases, however, it can take up to two business days for the funds to be credited to your account.
