StormGain Review
- No KYC Required
- USDT stablecoin settlement
- Good Mobile App
- Interest on deposits.
- 0% swap for day trading.
- Traditional and advanced trading features that include trading signals.
- 24-7 customer support.
- Platforms: Stormgain designed their own platform (web and mobile)
Point Summary
Introduction
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.
StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hold crypto.
They also provides both the traditional and instant exchanges. Instant exchanges are more convenient for inexperienced users. Through that, users can exchange one crypto to any other in less than five minutes
Cryptocurrencies have become more popular, but many crypto exchanges simply don’t offer normal trading tools like limit orders. StormGain created a fully-featured trading platform that goes well beyond simple trades.
Inspired by the desire to make cryptocurrency trading more profitable for everyone, StormGain takes the best of investment and cryptocurrency markets and offers a platform for trading via cryptocurrency futures contracts.
StormGain offers a variety of order types and trading tools, customized buy/sell signals — everything you need to fully embrace the trading experience.
Accounts
StormGain offer multiple products for one account. It is better than just focussing on one area like other crypto exchanges. It suitables for wider audience from beginners to experienced traders
However, there are still a distinct minimum balance requirement and exchange fees on each accounts. StormGain provides 7 types of accounts as below:
Signing up for a StormGain account is extremely simple and can be done in seconds.
KYC regulations are a great thing for the crypto industry, Unfortunately, many crypto exchanges have lost customers because they simply have to turn away people for regulatory reasons. StormGain is easy to open an account with, and they only require their clients have an email address, and a minimum deposit of 50 USDT.
The registration process at StormGain is extremely simple.
- Go to the stormgain
- Enter your email address
- Choose a password
- Enter promo code PROMO25 to get a $25 USD welcome bonus
- Agree to the terms, conditions and indicate that you are not a US citizen
- Click ‘Create an account‘
- Confirm your email address by clicking on the link sent to your email
Your account is immediately active and ready to trade. In order to trade, you must deposit crypto, but more about this later in this Stormgain review.
How to use Demo Account
StormGain offer you a free demo accounts with 50,000 USDT if you wish to test their crypto trading platform before opening a real trading account. You can quickly and easily switch between demo and real accounts as much as you desire by using the switch that is located in your personal menu. To use it, follow these steps below:
- Go to the stormgain
- Login to your account
- Click on your account name (email address), on the right screen
- Toggle the ‘Demo account‘ button
- Click ‘Yes‘
- You can now use your StormGain demo with 50.000 USDT
The account already is swtiched to Demo account
Products
StormGain offer four key products available to its clients on its web and mobile apps.
Once you have signed up with StormGain, you can access the following products:
Instant Exchange: Swap cryptocurrencies immediately at market price.
Regular Exchange: Trade cryptocurrencies with advanced order types and more tools.
Margin Exchange: (trading using a Multiplier/Leverage) you can trade cryptocurrencies with up to 200x.
Crypto Wallet: for storing, beside that you can send, receive your cryptocurrencies.
Leverage
Leverage trading means that you can increase the amount you are trading with without having to have a larger balanceStormGain offers anyone who wants to hold cryptos, or trade them with leverage a lot of functionality.
Trading with leverage of up to 200x (only available for BTCUSDT, other pairs are less or equal than 100x ).
This allows you to profit from smaller price movements and profit extremely well from large price movements.
Below your order you see your leverage and here you can also choose how many times your bet will be multiplied. For BTC/USDT you can choose up to a maximum of 200x. If you choose 200x then you are actually trading with $2000 in stead of $10. Keep in mind that a high leverage is very risky.
It is very important to learn how to manage risk if you plan to use leverage to trade in any market. StormGain offers traders all the tools they need to stay safe and make big profits when the market moves in their favor.
Here is the list of Instrument with Max Multiplier:
| Instrument | Max Multiplier |
|---|---|
| ETCUSDT, ZECUSDT, ADAUSDT, EOSUSDT, NEOUSDT, IOTUSDT, QTMUSDT, TRXUSDT, XMRUSDT, XLMUSDT, DASHBTC, DASHUSDT, BSVUSDT, XTZUSDT, LNKUSDT, ATMUSDT, MKRUSDT, ONTUSDT,LTCBTC, ETHBTC, BCHBTC, XRPUSDT | 50 |
| LTCUSDT | 100 |
| BTCUSDT | 200 |
| BCHUSDT | 100 |
| ETHUSDT | 100 |
Platforms
StormGain trading platform is on both web and mobile app
You can get the StormGain crypto trading app from official app stores or use the web platform available for any browser.
The platform works equally well on mobile and the web-app, making your trading experience extremely enjoyable and easy to operate from wherever you are.
They provides you with different sections where you can find all the instruments offered, a section with trading signals, the status of each trade, the information of each of your wallets, as well as 2-factor authentication, which will allow you to trade safely and without any problems.
It making your trading experience extremely enjoyable and easy to operate from wherever you are.
Mobile Trading
You can download the mobile app from Google Play or App Store.
The mobile app has all the main features of the web platform, all compressed into a well-designed and fast mobile-ready application.
Most of the reviews we have come across indicate that the platforms are highly intuitive and beginner-friendly. This is unlike significant competitors such as Binance, Kraken, and BitMEX.
Can use this platform from tablet or mobile and enjoy all the benefits of a well-designed trading platform to keep control of your trades wherever you go
Beside that, Mobile app still have more benefit than web app such as price alerts for cryptocurrencies, this little feauture which help a lot for the trader. you can update the info about the market immediately.
Deposits Withdrawals
Deposits
There are two different ways to deposit funds at StormGain, you can use Credit/Debit cards or cryptocurrency . They require a minimum deposit of approximately $50 for Credit/Debit cards.
- Credit/Debit Cards (deposits only)
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- XRP (XRP)
- Bitcoin Cash (BCH)
- Tether (USDT)
With Credit/Debit cards, there are higher fees associated with this due to the processing fees. It is very simple to deposit on StormGain and you can do it on both the web and mobile app.
Follow these steps to buy crypto with a Credit/Debit cards:
- Login to StormGain account
- Navigate to the top menu and click on Buy Crypto With A Card
- Select Credit Card as a payment option
- Enter in the amount of Bitcoin you want to purchase
- Confirm the order and click on Deposit
Alternatively, transfer already owned cryptocurrencies to your StormGain wallet. There are no deposit fees on StormGain as with most other crypto exchanges
- Login to StormGain account
- Select the appropriate crypto wallet on the right-hand side of your screen
- You can either copy the address or use the QR code to transfer from your other crypto wallet.
- Send crypto to the address
What is a minimum/maximum deposit?
Bank cards depositBelow is the minimum deposits for Credit/Debit cards and there is also a maximum limit of 20 000 EUR/20 000 USD for this .
| Currency | Deposit commission | Min. commission | Min. amount of deposit | Max. amount of deposit |
|---|---|---|---|---|
| USD | 5% | 10 USD | 50 USD | 20 000 USD |
| EUR | 5% | 10 USD | 50 EUR | 20 000 EUR |
| AUD | 5% | 10 USD | 70 AUD | 50 000 AUD |
| CHF | 5% | 10 USD | 50 CHF | 20 000 CHF |
| CZK | 5% | 10 USD | 1000 CZK | 1 000 000 CZK |
| DKK | 5% | 10 USD | 350 DKK | 200 000 DKK |
| GBP | 5% | 10 USD | 40 GBP | 20 000 GBP |
| HUF | 5% | 10 USD | 15 000 HUF | 20 000 000 HUF |
| KRW | 5% | 10 USD | 60 000 KRW | 100 000 000 KRW |
| ILS | 5% | 10 USD | 200 ILS | 100 000 ILS |
| NOK | 5% | 10 USD | 500 NOK | 500 000 NOK |
| NZD | 5% | 10 USD | 80 NZD | 50 000 NZD |
| PLN | 5% | 10 USD | 200 PLN | 200 000 PLN |
| RUB | 5% | 10 USD | 3000 RUB | 10 000 000 RUB |
| SEK | 5% | 10 USD | 500 SEK | 500 000 SEK |
| TRY | 5% | 10 USD | 300 TRY | 500 000 TRY |
| ZAR | 5% | 10 USD | 800 ZAR | 1 000 000 ZAR |
There is a minimum deposit on StormGain which varies by the coin you are using to deposit onto the exchange with
Below is the minimum deposits by each cryptocurrency offered on the exchange and no maximum amount for deposit with crypto
| Currency | Deposit fee | Min.amount of deposit |
|---|---|---|
| USDT | 0.00% | 1 USDT |
| BTC | 0.00% | 0.0002 BTC |
| BCH | 0.00% | 0.006 BCH |
| ETH | 0.00% | 0.01 ETH |
| LTC | 0.00% | 0.03 LTC |
| XRP | 0.00% | 7 XRP |
How long do Deposits take?
It takes 1-2 hours to deposit by Credit/Debit cards, it depends on which deposit method you use and system speed
To check the time, I sent 50 USDT to StormGain and it took 1 hour 5 minutes to deposit to my account.
Withdrawals
Traders can withdraw crypto by transferring out from your StormGain wallet to any another compatible wallet.Therefore, there is no crypto to fiat money exchange. The method to withdraw is quite simple. Follow all steps below:
2. Click on the ‘withdraw’ option that is located on the right-hand side
3. In order to give the destination wallet address, you can do either of the following:
3.2 You can use the QR code to make the withdrawal.
5. Once you’ve completed those steps, you should see a dynamic fee showing you exactly how much the withdrawal will cost you
For each cryptocurrency there is a minimum amount to withdraw. If the amount is less, the money will not be credited to your account.
Below is the fee and minimum amount you can withdraw
| Currency | Withdrawal fee | Min.amount of withdrawal |
|---|---|---|
| USDT | 0.1% | 50.0 USDT |
| BTC | 0.1% | 0.0059 BTC |
| BCH | 0.1% | 0.15 BCH |
| ETH | 0.1% | 0.3 ETH |
| LTC | 0.1% | 0.8 LTC |
| XRP | 0.1% | 240.0 XRP |
If you want to withdraw USDT: all you need to do is to exchange your cryptocurrency into USDT before withdrawing it. Here are the simple steps:
- Go to the ‘Exchange’ option. (‘Exchange’ Option found within your USDT Wallet.)
- Click on the ‘From Wallet’ option. A drop-down menu will appear, select the crypto wallet from which you would like to withdraw and exchange it into USDT
- Once you are sure of all the details, then click on the ‘Exchange’ .
- Once the USDT appears within your USDT wallet, you may then withdraw
How long do withdrawals take?
Withdrawals on StormGain are processed instantly after being submitted.
Commissions and Fees
In addition to easy account opening, StormGain has distinct fees for crypto trading. Depending on the crypto you choose to trade, StormGain charges between 0.15% and 0.25% for the position. StormGain’s fees are in-line with other leading crypto exchanges, and leave lots of room for profits.
Instant exchange fees and minimum exchange sizes are as follows:
And If you are an experience traders, you would better off using another exchange like Bybit which has lower fees.
Trading Features
Customizable Layouts:
Traders can customize charts and windows to suit their trading needs.
Stop-Loss Orders:
Whenever a leveraged trade is opened, it is a great idea to have a stop-loss order in place. Using leverage without a stop-loss order is dangerous, and could lead to losses that exceed the amount of money in a leveraged trading account.
For example, using leverage of 5x means that a trader is using five times the amount they have in their account to trade. If the trade goes their way, the profits will be five times higher, but the reverse is also true.
It protects a trader from facing a loss that exceeds the amount of money that he or she has in the leverage trade account.
Take Profit:
Take-profit orders are like the opposite of a stop-loss order. It works on the profit side of the trade
When a leveraged trade goes in the way a trader hopes, the gains add up quickly. The problem is, markets can be volatile. By the time a trader gets back to the trading platform, the big gains from a leveraged crypto trade may have come and gone.
Some crypto exchanges don’t support limit orders, which means that losses can easily run out of control, and potential gains can go unrealized!
Open Trade Summary:
At the bottom of interface, traders are given an open trade summary. StormGain also provides a trader sentiment based on active trades. This gives the percentage of buy and sell trades for a particular pairing…
Indicators:
It is categorized by trend, oscillators, and volatility. The platform has an array of indicators available that support technical analysis.
To view the indicators, click on Indicators/Full Screen mode which brings up the full charting window where you can add indicators
Professional Charts:
The charts offer a range of different time frames, This platform has Bar, Candles, Hollow Candles, Line, Area and Heiken Ashi charts for viewing. Traders are able to select and customize the charts based on preference, with 9-time frames on offer, ranging from by the minute to monthly, so there is plenty of options there for you,
You can use to track historical price movements in order to make better trade decisions.
Want to trade
Customer Support
StormGain provides 24/7 customer service through live chat, email, and phone. You can also contact StormGain through Telegram, Facebook, and Twitter
| [email protected] | |
| Phone | +248 467 19 57 |
| Telegram | t.me/StormGain |
To use the live chat, click on the chat button and start your conversation.
We did use the live chat and received a response from an operator within 5 minutes which was pretty good.
StormGain also has a Knowledge Base which provides useful guides and troubleshooting for commonly asked questions
The sections are divided into categories so you can browse and view other topics that might be of interest.
Conclusion
If you would like to trade with a platform which support highest leverage. Stormgain is a great exchange. A leverage of 200x.
This platform provides regular and instant crypto exchange services, and a multi-currency crypto wallet.
Moreover, it has some of the best crypto trading platforms around. The registration process is really simple. There are demo accounts available and a generous collection of educational resources provided.
They also offer crypto trading signals that are generated with the help of AI (Artificial Intelligence), just to keep their trading to get better and better.
StormGain is also offering a free crypto wallet to the public. The StormGain wallet can be used by anyone, even if they don’t want to trade on the platform.
