StormGain Review

StormGain Review

Robert McDougall 

May 5, 2022

Cryptocurrency

What is StormGain?

StormGain is a trading-focused cryptocurrency exchange that supports several cryptocurrencies and digital assets within different markets. The diversity in the markets and trading pairs allows traders to explore seemingly limitless opportunities and trade just the way they want. With the inclusion of a quick purchasing option as well as different payment methods, users can also buy digital assets and hold them in their StormGain wallets without any concerns. But you don’t have to buy assets through the exchange; you can deposit your previously purchased cryptocurrencies and start trading with StormGain’s benefits. 

StormGain claims to have 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. StormGain is based in London, England, and it was founded in 2019. 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.

  • Web Address: www.stormgain.com
  • Main Location: London, England
  • Cryptocurrencies: BTC, ETH, DOGE, LTC, and 50+ more
  • Fiat Currencies: USD, EUR, AUD, GBP, RUB, CZK, and a few more
  • Payment Methods: Credit/Debit Cards, SEPA, & Crypto Wallets 
  • Deposit Fees:  Crypto, SEPA: Free; Credit/Debit cards: 5%
  • Trading Fees:  No trading fee, but a 10% commission is charged for successful openings
  • Mobile App: Yes

My Overall Thoughts on StormGain

With its overwhelming reach and global availability, StormGain is a well-known cryptocurrency exchange that offers users a complete selection of trading and investing features. While the platform does not have the best diversity in crypto assets, it does offer an enhanced trading layout, mobile trading apps, a beginner-friendly platform and excellent customer support to make up for it.

StormGain also offers multiple trading markets. That along with the ability to create an Islamic account, video tutorials, customization and easy crypto purchases makes StormGain an even better choice for investors and traders from all over the world. But in my opinion, the following are the best things about the exchange:

1) It hosts several trading markets:  The best thing about trading with StormGain is that you do not have to limit yourself to a single market. If you have explored futures enough and want to move on to something else, StormGain offers trading in commodities, options and indices. All the pairs come with precise and accurate details so you can trade professionally and efficiently.

2) You can make quick crypto purchases with different methods:  Cryptocurrency purchases on StormGain are relatively quick and easy with the payment methods available. Based on your location and your desired asset, you are provided with different payment options, such as SEPA, debit cards and credit cards.

3) Users have access to detailed guides and customer support:  StormGain offers detailed video guides to help users out with concerns. If those don’t solve the problem, users can contact the StormGain support team through live chat, social platforms, emails addresses or a phone call.

But the platform really needs to consider the variety of crypto assets it offers. It is quite a bit lower than what the current industry demands. The platform is also not available in the US, which restricts many users from joining.

Key Features and Advantages of StormGain

StormGain is a complete cryptocurrency exchange where users can trade assets or simply buy them and keep them in their digital wallet. The exchange also enhances traders’ experience with advanced trading options, customization and the availability of several markets and pairs.

The platform offers an easy and beginner-friendly interface, premium customer support and video guides to help users at all stages. The complete list of key features and advantages of StormGain follows:

Negatives and Disadvantages of StormGain

Every crypto platform has its pros and cons due to the complex nature of the industry and the many requirements of traders and investors. While StormGain successfully integrates most of the necessary features and options, there are a few things that do not hit the mark.

What Services Does StormGain Offer?

StormGain might seem like a perfect fit for traders, but StormGain is a platform for all! Even the casual investor who does not know anything about trading can join the platform to invest money and hold assets.

StormGain is an especially good choice for advanced traders, though, especially those with specific needs. Many of the platform’s features and functions are designed specifically for traders. To understand the services of the platform in more detail, look at the points below.

Buy cryptocurrencies with different payment methods:  Users can buy several cryptocurrencies on StormGain with the help of different payment methods. If you are an investor who wants a simple avenue to get your hands on the assets you want, this option will suit your needs.

To purchase cryptocurrencies on the exchange, select the deposit option. The deposit section allows you to deposit directly or buy assets with fiat currencies. Depending on your location and the asset you are purchasing, you will be provided with different payment options. The exchange recommends users use SEPA transfers, which are free on the platform.

As for the variety of cryptocurrencies you can buy, it is not the greatest, but you can still get your hands on a few of the most popular ones, like Bitcoin and Ethereum. If you don’t see the cryptocurrency you want, you can always purchase a different one and convert it into your desired cryptocurrency later on. This is just another feature that makes life easier for crypto holders and investors.

50+ popular crypto assets for trading:  When it comes to offering crypto, StormGain takes the idea of quality over quantity quite seriously. If you look at the supported crypto assets on StormGain, you will find that the selection is not the widest or biggest. But you will find all the cryptocurrencies that hold value in the market and can offer you great returns.

Rather than including rug pull projects, projects with no mission and projects based on memes, StormGain has decided to keep things professional. It has almost all the assets with the biggest market caps in the blockchain industry, along with popularity among crypto traders. Following are a few of the assets that StormGain offers:

  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • ADA
  • LINK
  • DOT

Several trading markets:  StormGain is more than just a cryptocurrency exchange. The platform offers other markets as well. In addition to trading in the futures market, users can trade commodities, indices and options.

However, the variety in the markets other than futures is not the best. You can trade only silver and gold when it comes to commodities, and options also come with only two pairs—BTC/USDT and ETH/USDT. You can stick to futures if you want a simple trading experience, but StormGain gives you the opportunity to expand your expertise and try new things, too.

Professional mobile apps:  Thanks to today’s technology, trading is not restricted to laptops or desktop computers. Many exchanges offer mobile apps through which users can trade whenever they want. StormGain is one such exchange.

StormGain’s mobile apps are available for both Android and iOS devices, and you can quickly and easily download the apps through your device’s app store. You can sign up on the mobile app or simply sign in if you already have an account. Most of the platform’s features are available on the app, but, of course, a few of them work best on desktop.

Enhanced trading interface and layout:  The overall trading interface of StormGain is not at all complicated or overly advanced. It is simple, organized and well-structured to make trading easy for users. On the top panel are available assets. You can go with any of them or expand the panel to select a specific market.

The right side is where users execute their orders and customize their trades. Customizations include auto increase, stop loss, TP and limit options. The center of the interface features the detailed and accurate chart, which helps you evaluate market conditions. You can also enter full-screen mode if you want to use all the options without any interference. Traders can integrate indicators, use drawing tools, replace the candles, apply patterns and do much more. Try varying different features to get the most out of them.

Earn money with cloud mining:  When the crypto market recently surged, so did crypto mining. But not everyone can afford the massively expensive GPUs or mining rigs required to mine. That is where cloud mining comes in. Cloud mining lets users earn money without using any specialized hardware.

StormGain lets users cloud mine while they are on the platform. Because it is free, the mining hash rate is not the best, and it can take quite some time to reach the payout amount. But it ultimately is free money, and you can keep it running all the time when you are on the platform.

Video tutorials:  The blockchain industry is quite advanced and can be complicated for ordinary participants. Even people with years of experience might sometimes be confused by parts of the crypto industry. To help alleviate confusion and answer users’ questions, StormGain has created many video tutorials about the platform and the crypto industry.

Whether you want market insights or you simply want to get started, there are videos available for every aspect of the platform.

Great referral and affiliate program:  Earning money through referrals and affiliate programs can be a great option if you have a social network you’d like to recommend the exchange to. StormGain offers 15% of all the mining earnings withdrawn by your referrals. Referrals receive 3 USDT when they join the platform through your link. If you run a blog or a social media page or have a following anywhere else, you can check out their affiliate program, which can be a good option for a bigger audience.

Islamic account option:  One of the major concerns for Muslims all over the world is how to avoid interest and rollover commissions, which are against their religious beliefs. To solve that problem, StormGain offers the option to create Islamic accounts. These accounts are different from the standard account in that they have no interest rates, no time limits and no rollover commissions. Users wishing to use these services can register as Islamic on the platform.

Good customer support with live chat:  The customer service at StormGain is good, because it offers several ways for users to get in touch. There is a direct chat option where users are connected with one of their agents to solve a problem. There is also an option to contact StormGain on Telegram and convey your problem to the appropriate team. If those options don’t work for you, you can also contact StormGain through an official email address or by phone.

Available in a wide range of countries:  StormGain offers its services to most of the world. There is a high chance that you can register on the platform without any  restrictions. One notable exception is the USA; unfortunately StormGain is restricted there.

Things I Don't Like About StormGain

Considering all the benefits and advantages of StormGain mentioned above, you might have made up your mind to join. But before you make a decision, I recommend you check out the things I don’t like about the platform.

Not available in the US:  The countries that StormGain supports do not include the United States of America, which means it is unavailable to a massive portion of crypto traders. It might be due to the strict laws and regulations of the US, which not every crypto exchange manages to adhere to.

Limited earning opportunities:  There are very few earning opportunities offered by StormGain, and the ones that are offered earn very little. The platform has no option to stake assets or earn in other significant ways. The only real option is mining, with a $10 payout limit, which can take quite some time to reach.

StormGain Fees

StormGain Deposit Fees

The list below explains the deposit fees at StormGain:

  • Crypto deposits: Free
  • SEPA deposits: Free
  • Credit or debit cards: 5%

StormGain Trading Fees

Traders do not have to pay a fixed taker or maker fee. Instead, the platform takes 10% commission out of successful trades. In short, you pay only when you win, and it can be convenient for many traders not to have to pay for a deal they lost money on.

StormGain Fiat Withdrawal Fee

StormGain allows only SEPA withdrawals, which come with particular limits. Users must pay a fixed 0.1% withdrawal commission fee along with a 5% currency exchange fee. Also, the minimum withdrawal amount is 150 EUR, and the maximum amount is 10,000 EUR.

StormGain Crypto Withdrawal Fee

All the cryptocurrencies available on StormGain come with a different withdrawal fee. The USDT withdrawal fee is fixed at 35 USDT, but the fee changes when withdrawing another asset, like BTC or ETH.

Pros and Cons of StormGain

Pros
  • Buy crypto assets instantly and easily
  • Enhanced trading interface
  • Mobile apps
  • Different trading markets
  • Tutorials, guides and live chat
Cons
  • Not available in the US
  • Earning opportunities are limited

The Verdict

The crypto industry requires deep understanding, proper tools, a smooth experience, untouched and accurate details, precise charts and diversity to succeed. StormGain offers everything mentioned above and even goes beyond requirements in some areas. The exchange has an amateur-friendly interface, an instant signup process, and a broad layout to help users understand everything and easily access features.

StormGain just has to add a few more assets to its crypto inventory so that traders can invest their money in new or different projects as well as the popular ones. Other than that, StormGain is a top-notch crypto exchange with an excellent support team, mining features, a good referral program, professional mobile apps and an enhanced trading interface.

US residents are unable to access StormGain, so if that affects you, you can read this article on the best cryptocurrency exchanges in the USA. 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.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Can I use StormGain in the US?

Unfortunately, StormGain does not currently support users from the United States of America. However, StormGain is available in more than 230 countries.

Does StormGain offer margin trading?

Yes, StormGain offers traders the option to margin trade with most of their assets. The maximum amount of leverage can go as high as 200x.

Is StormGain a reliable platform?

StormGain is a safe and trusted platform that has been offering its services for more than a few years now. They also have millions of users from across the globe.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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