StormGain is a modern cryptocurrency exchange that began operations in 2019 and quickly gained popularity among traders around the world. The main difference between StormGain and other platforms is the wide range of trading tools offered. In addition to standard spot and margin transactions, users have access to futures, crypto indices, crypto options and tokenized assets.

The platform also provides opportunities for staking, where users can earn interest on storing stablecoins, and cloud mining of bitcoin, which adds elements of passive income to traditional trading operations.

Trading on StormGain is carried out through its own terminal, available in the web version and mobile application, which ensures ease of use and accessibility for traders at any time and from anywhere in the world. With an international client base, StormGain serves traders from more than 250 countries.

The "Best Crypto Broker" and "Best Trading Platform" awards in 2021 and 2022 highlight the high appreciation of users and the recognition of the platform in the cryptocurrency trading industry. StormGain strives to provide its customers with modern tools and services to successfully operate in the digital asset market.

Trading conditions

The cryptocurrency platform is an attractive choice for traders interested in working with digital assets. With a minimum deposit of 50 USD and a leverage of up to 1:300, it provides quite flexible conditions for starting trading. The platform supports a variety of ways to deposit and withdraw funds, including bank cards and cryptocurrencies, which is convenient for many traders.

The trading platform is developed internally, which guarantees the stability and security of operations. It provides the opportunity to use standard and demo accounts, which is useful for beginners who want to practice without the risk of losses. The absence of deposit fees and a high degree of liquidity increase the attractiveness of the platform for traders, and the availability of mobile trading ensures accessibility at any time and place.

In general, the cryptocurrency platform provides good conditions for trading cryptocurrencies, with a user-friendly interface and a variety of tools. However, it is worth bearing in mind the limitations on withdrawals, which can be an important factor when choosing a platform for long-term work.

Comparing StormGain with platforms such as Bybit, KuCoin, HTX and CoinEx, you can conduct a comparative review of their trading services. 

StormGain stands out among them by offering a wide range of cryptocurrency instruments, including futures, crypto indices and crypto options, which makes it an ideal choice for traders looking for variety in trading opportunities. In addition, StormGain offers staking and cloud mining for additional income.

Cryptocurrency Trading

StormGain offers a variety of trading tools, starting with simple spot trading on 21 trading pairs. To do this, it is enough to log in to the site, select the desired pair and specify the quantity to buy or sell at the current market or limit price. The interface of the trading terminal is very simple and understandable even for beginners.

A distinctive feature of StormGain is the offer of derivatives without margin trading. Instead, futures with leverage up to 500x for BTC and up to 200x for ETH are available, crypto options for BTC, ETH and SOL with a maximum multiplier of 5x, crypto indices of 3-10 cryptocurrencies with leverage up to 100x and tokenized commodities with leverage up to 200x.

The platform supports high security standards using two-factor authentication, multi-signature and data encryption. It also provides access to training materials and video tutorials for traders of all levels.

Mobile application

StormGain offers users two full-featured applications, each of which is designed for different types of cryptocurrency trading.

The first application, CEX, is a centralized trading platform. It completely repeats the functionality of the official StormGain website, providing convenience and accessibility of cryptocurrency trading on mobile devices. Users can carry out transactions within their account on the centralized StormGain exchange.

The second application, DEX, is designed for trading DeFi tokens. It operates on the basis of decentralized financial principles and is not linked to an account on the centralized StormGain exchange. Users can trade directly from a connected crypto wallet such as MetaMask, providing a high level of security and control over their assets.

Both applications are available for download in the App Store and Play Market, and a separate APK file for Huawei devices is also offered. This extends StormGain's accessibility to users of various operating systems and devices, providing flexibility and ease of use when trading cryptocurrencies.

Commissions and fees

The StormGain crypto exchange uses a unique fee model that differs from the standard approaches of other platforms. Here, users pay a commission only in case of a successful transaction, which is 10% of the income received. In case of a failed transaction, no commissions are charged. In addition, the exchange charges swap commissions for exchange transactions that depend on a specific asset, for example, for the LTC/BTC pair they are -0.070%/-0.070%, respectively.

Credit cards are available to top up your StormGain account, with a minimum deposit amount of $50 and a maximum of $20,000, with a 5% commission. Withdrawal to a SEPA bank card is subject to a 0.1% commission, and 5% is also charged for currency conversion. Withdrawal to cryptocurrencies is charged a fee of 0.1% fixed, except for the basic commission, which depends on the specific asset.

Comparing with other crypto exchanges, StormGain offers a low level of commissions, for example, the average commission is $0.1, which makes it an attractive choice for traders seeking to minimize commission costs when trading cryptocurrencies.

Types of orders

The StormGain crypto exchange offers three main types of orders to optimize cryptocurrency trading:

A market order allows you to instantly purchase or sell cryptocurrency at the current market price. This type of order does not require specifying a specific price and guarantees fast execution of the transaction. However, the opportunity to get a price lower than expected is a disadvantage of this order.

A limit order allows a trader to set the desired price for buying or selling cryptocurrency. The order will be executed only if the specified price is reached in the market. The advantage is the opportunity to get a better price, but there is a risk that the market price will not reach the set level.

A stop limit order is a combination of a stop order and a limit order. The trader sets two prices: stop and limit. When the market price reaches the stop level, the order will be placed on the market. Then it will be executed at the specified limit price or better. This type of order provides the trader with more flexibility and protection against significant losses.

The use of various types of orders on StormGain allows traders to effectively manage their transactions, minimize risks and maximize the benefits of trading on the cryptocurrency market.

Safety

StormGain is a reliable cryptocurrency platform that focuses on high security standards. The use of the best security protocols such as PCI DSS and GDPR highlights their serious approach to protecting user privacy. Mandatory two-factor authentication and multi-signature for financial transactions further strengthen the security of trading and asset storage.

The use of SSL to protect traffic and AES-256 data encryption ensure the security of transmission and storage of confidential information. Regular quarterly security checks and vulnerability analysis ensure the relevance of protective measures and prompt response to potential threats.

Special attention is paid to asset storage: about 90% of client funds are in cold wallets, which minimizes the risk of cyber attacks and unauthorized access. Hot wallets are used only for quick access to funds, which ensures fast transaction processing without endangering the main assets of users.

One of the unique aspects of StormGain is the lack of mandatory user verification, which simplifies the process of getting started on the platform. This makes StormGain an attractive choice for users who value convenience and high security standards in cryptocurrency transactions.

It is important to note that StormGain uses an offshore license, which raises certain questions and concerns among potential users and investors. The offshore legal structure allows the company to operate in an offshore country, which is often accompanied by more lenient regulatory requirements and reduced tax obligations.

However, from the point of view of transparency and protection of user interests, offshore jurisdictions may cause some distrust. In the context of crypto exchanges, this is especially important, since users trust the exchange with their cryptocurrency assets and personal data. The lack of clear regulations and requirements in the field of data protection can leave users vulnerable to possible data leaks or unauthorized access to their personal information.

In offshore jurisdictions, there is often no obligation to disclose information about the real owners of the company, which can make it difficult to verify the identity and reliability of the exchange. In case of disputes or problems, users may find it difficult to legally protect their rights due to the specifics of the jurisdiction in which the company is registered.

Thus, the use of an offshore license for crypto exchanges involves certain risks and causes the need for a more thorough analysis to make a decision on how reliable and secure the cryptocurrency trading platform is.

Support Service

To contact the support service at the StormGain crypto exchange, you need to log into your personal account on their website, find and click on the button displaying the current balance or account of the user. Then you should select the "Support" section or a similar one designed for feedback. There, a form is filled out with a description of the question or problem. Responses from the support service are provided only in English, the average waiting time is about 30 minutes after sending the request.