Stormgain Exchange for Dummies and Professionals: Review 2021

StormGain is a young digital asset trading exchange that entered the financial market in 2019. At the moment, the project is actively developing and gaining popularity among clients around the world.

Pros:

   - intuitive interface;

   - loyalty system;

   - low commissions;

   - referral program;

   - large trading volume;

   - safety;

   - the ability to quickly exchange cryptocurrency;

   - buying cryptocurrency using a credit card;

   - training materials.

StormGain is a cryptocurrency exchange that entered the stage in 2019. During this period of time, the platform has gained popularity among clients around the world. The company focuses specifically on the international market, as evidenced by the interface of the official website stormgain.com, translated into 12 languages. The main office of the organization is located in London, and the company itself is registered in the Seychelles, from where the project is regulated. 

The exchange provides its clients with favorable and comfortable conditions, allowing them to conduct transactions with 53 cryptocurrency futures contracts with a multiplier of 300x or invest in cryptocurrency. The main turnover falls on the following types of cryptocurrencies:

   - Bitcoin

   - Bitcoin Cash

   - Ethereum

   - Ripple

   - Litecoin 

Traders have the ability to trade using a multiplier up to 1:300. The site is suitable for both experienced traders, due to its wide functionality, and for beginners. For inexperienced users, training is provided using video materials. The advantage is that each user can first open a demo account to test the functionality of the platform. Thus, a trader can study the site or work out their own strategies.

A distinctive feature of the platform is the ability to purchase cryptocurrency using a credit card and a quick exchange of cryptocurrency. Moreover, users can receive up to 12% per annum by gaining the required trading volume. Funds are stored in a free built-in wallet.

To enable users to access their account anytime and anywhere, a mobile application has been developed. Using a smartphone, you can access trading 24/7. The app is available for both iOS and Android systems. 

How to Exchange Cryptocurrency on the Stormgain.com Platform?

The platform provides not only the possibility for trading cryptocurrency, but also a quick exchange function for those clients who do not want to bother and understand trading in-depth.

To start the exchange procedure, you need to log in to the system and go to the "Instant exchange" section. Then follow a few simple steps:

   - choose a cryptocurrency for exchange;

   - indicate the amount of cryptocurrency to be exchanged;

   - click on the "Exchange" button.

Verification on the Stormgain Platform

Identity verification (KYC) at stormgain.com is not required. Users only need to verify their phone number and email address. You should also enable two-factor authentication for higher account security. Specify:

   - Name and surname;

   - Date of Birth;

   - Country;

   - City;

   - Residence address;

   - Postcode;

   - Passport ID.

Also, for higher security of their account, users need to verify their phone number and email address. You should also enable two-factor authentication.

Replenishment and Withdrawal of Earnings

To fund a trading account, a user can use two methods: credit card or any online payment system. The minimum deposit amount depends on the cryptocurrency:

   - USDT - 1 USDT

   - Bitcoin - 0.00003 BTC;

   - Bitcoin Cash - 0.006 BCH;

   - Ethereum - 0.01 ETH;

   - Litecoin - 0.03 LTC;

   - Ripple - 7 XRP.

If you top up your balance using a credit or debit card, the minimum amount is 50 USD/EUR. To add funds to the balance, you need to go to your profile and perform several actions:

   - select a cryptocurrency and click on the "Deposit" button;

   - copy the generated address;

   - insert it into the payment system from which the transfer will be made.

Withdrawal of Earnings

The minimum withdrawal amount is 150 USD or the equivalent amount in cryptocurrency. To withdraw earnings from the project, you must go to your profile and click on the "Withdraw funds" button. Next, you should indicate the address to which the withdrawal will be made and the amount to be withdrawn.

Crypto Exchange Commission

For trading operations with cryptocurrency on the exchange, fees are valid up to 0.4% per position, depending on the type of cryptocurrency. The fee for an instant cryptocurrency exchange is 0.25%. 

Referral Program

An affiliate program has been developed for active traders who want to receive additional income. Thus, clients can attract new participants to the project and receive a reward for this in the amount of 15% on trading fees and funds withdrawn from the miner. To take part in the program, you need to find the referral link in the corresponding section.

Complaints about Stormgain

Due to the fact that the organization has appeared on the financial market recently, you can find a small number of user reviews on the Internet. In general, the project has a positive reputation. Among the advantages, traders point out a convenient mobile application and the ability to quickly exchange cryptocurrency. Among the shortcomings, they mention a small selection of trading pairs. 

Regulation of the Crypto Exchange

The financial sector is one of the most popular niches among scammers. To protect yourself from cooperation with an unscrupulous project, you should carefully check the license on the official website of the company, as well as the relevant documentation. Let's take a closer look at how the regulation of the crypto exchange is carried out. It is known that the organization does not have a license, but this may be due to the fact that the project is quite young. Contact details, as well as the necessary documentation, are publicly available for all users. 

Tech Support

You can contact a support representative using one of the following options:

   - phone: + 248-467-19-57;

   - contact form: app.stormgain.com/#modal_sfFeedback;

   - online chat;

   - telegram.

Is StormGain a Scam? Our Conclusions

StormGain is a cryptocurrency exchange that penetrated the financial market in 2019 and quickly began to gain popularity among traders from around the world. The organization focuses on the international market, as evidenced by the multilingual interface of the project's official website. The company's headquarter is located in London, from where the platform's activities are regulated.

For its clients, the organization has developed a miner and a loyalty program, under which users can receive bonuses for replenishing the balance, as well as discounts on trading fees. An affiliate program was also developed for traders. It allows attracting new participants to the project and receiving passive income for this. In order for clients to have constant access to the trading platform, a mobile application was created. Both iOS and Android versions are available.

The site offers comfortable trading conditions. However, the trading process itself is a rather risky activity. Therefore, before registering on the exchange, you should familiarize yourself with all the necessary documents.