StormGain Crypto Trading Platform Review
What is StormGain?
StormGain is an all-in-one crypto trading platform that makes it possible for users to buy, sell, exchange, earn, trade, hodl and learn about digital assets. The platform is operated by STORMGAIN LLC, a company registered in St.Vincent and the Grenadines. According to StormGain, the platform has over 5 million customers in over 230 countries.
StormGain provides users with the ability to trade crypto assets on any device including iOS, Linux and Android devices. All a user needs to do is to download the app and register on StormGain using an email and password, and mobile number.
Cryptocurrencies available on StormGain include Bitcoin (BTC), Bitcoin Cash (BCH), Tether (USDT), Ethereum (ETH), and so many others. For users interested in trading cryptocurrencies, StormGain offers a wide range of order types and trading tools. Users can also get access to customised buy or sell signals and low trading fees.
StormGain caters to beginner and experienced traders alike. They even offer demo trading where users can practise executing their trading strategies without risking real funds.
StormGain has a loyalty program which combines up to a 20% bonus on each deposit, a 12% interest rate on all crypto stored in the crypto wallets and up to 20% trading and exchange commission discounts.
The interface on StormGain is user-friendly and users are able to purchase crypto using debit cards or sell Bitcoin for cash. Users can also use credit cards or bank transfer to buy, exchange and withdraw crypto.
StormGain Crypto Wallet
StormGain offers its users a built-in multi-currency wallet which provides convenience for securing, managing and exchanging funds.
The blockchain-based digital wallet uses checksums to validate transactions. Users can also utilise the StormGain crypto wallet for checking prices of cryptocurrencies against each other.
The StormGain crypto wallet supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin and Tether (USDT) and other crypto assets. Users also have an opportunity to earn trading bonuses and discounts based on their balances. The crypto wallet is built into the trading platform which makes it possible to access funds from any device 24/7.
According to StormGain, wallets are protected by two-factor authentication, industry-leading security protocols and strong encryption. Crypto assets are also said to be partially stored in hot wallets for operations, while most are held in cold wallets for added security.
StormGain Crypto Trading Signals
StormGain offers built-in risk management instruments to users. Each trading signal offered by StormGain comes with default parameters for Stop Loss and Take Profit. When the trend is favourable in an open position, Increase and Auto-Increase options for increasing the investment amount are also available. Users can also utilise the Telegram bot to plan trades.
StormGain offers a ready-made cryptocurrency trading solution which makes it easy for traders to simply choose their trade volume and leverage. The solution also provides trade direction recommendations, entry price as well as Take Profit and Stop Loss parameters.
The crypto trading signals that are available on StormGain for the following pairs:
- ETH-BTC
- ETH-USDT
- BTC-USDT
- LTC-USDT
- LTC-BTC
- XRP-USDT
- BCH-USDT
- DASH-BTC.
Benefits of Trading with StormGain
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User-friendly app for beginners and experienced traders and investors.
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Traders from countries such as Australia, Canada, South Africa, Thailand, United Kingdom, Singapore, France, Hong Kong, Germany, India and other countries are able to use the platform.
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A variety of order types and trading tools.
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24/7 email and live chat customer support.
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Access to cloud-mining.
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Easy to deposit crypto into an account using a debit/credit card or SEPA bank transfer.
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Users can add funds to crypto wallets using fiat currency, such as USD, GDP, or EUR.
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Two-factor authentication and cold wallet storage.
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No KYC required.
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No trading commissions.
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Users of StormGain can enjoy up to 12% annual interest on any cryptocurrency they keep in their wallets.
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Discounts of up to 20% on commissions, depending on wallet balance.
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Fees charged only on profitable trades.
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Website offers over 10 different language options.
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Free crypto trading signals.
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Only 10 USDT is required to open an order.
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Minimum credit card deposit is 50 USD.
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Low trading fees.
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Instant withdrawals.
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StormGain is an official sleeve partner of English Premier League football club Newcastle United FC.
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Impressive customer reviews.
Disadvantages of StormGain
- Not available in some countries.
- They allow ‘excessive’ use of leverage (up to 500X) which is extremely risky.
- Does not support crypto to fiat conversions.
Why Use StormGain?
Before using any service provider including StormGain, you should always do thorough due-diligence and research. You can also compare their offerings with other competitors e.g. eToro, Poloniex, Changelly, FTX, among many others. The StormGain crypto platform does seem popular among its users, for example, when you consider the overwhelmingly positive app and customer reviews. There also haven’t been major controversies reported surrounding the company’s operations yet and it appears to be a well functioning platform.