StormGain

StormGain – is a young exchange for trading digital assets, which appeared on the financial market in 2019. At the moment, the project is actively developing and gaining popularity among customers around the world.

In our review we will analyze the opportunities provided by the project and find out if StormGain is a scam or a reliable cryptocurrency exchange.

 

Why StormGain?

StormGain is a cryptocurrency exchange that appeared on the Internet in 2019. During this period of time, the platform has gained popularity among customers around the world. The company focuses 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, where the regulation of the project is carried out.

The exchange provides its customers with favorable and comfortable conditions, allowing them to conduct operations with 53 cryptocurrency futures contracts with a multiplier of 300x or invest in cryptocurrency. The main turnover accounts for the following types of cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin and others. Traders have the opportunity to trade using a multiplier of up to 1:300, which in turn gives the opportunity to trade more funds than the user has and increase profits.

The platform is suitable both for experienced traders, thanks to its wide functionality, and for beginners. For inexperienced users, training is provided with the help of video materials. The advantage is that each user can first open a demo account to test the platform’s functionality. Thus, a trader can learn the platform or practice their own strategies. The main difference between a demo account is that trading is done with virtual currency, which means that the client does not risk anything. You can switch between demo and real accounts at any time, using special switches in the profile menu. The trading platform becomes available only after registration and consists of several blocks:

• At the top the user sees the filters for trading pairs;
• on the left side are all trading pairs available in the selected category;
• in the center you can see a graph that shows the dynamics of the selected trading pair over a certain period of time;
• below you can see the open trades, as well as the sentiment of traders based on open trades;
• The information about the user’s trading balance is displayed on the right side of the screen.

Also a distinctive feature of the platform is the ability to purchase cryptocurrency with a credit card and fast exchange of cryptocurrency. Moreover, users can earn up to 12% per annum by accumulating the required trading volume. Funds are stored in a free built-in wallet.

To allow users to access their account at any time and any place, a mobile application was developed. Using a smartphone, you can access the trading process 24/7. The application is available for both iOS and Android systems.

Among the main advantages of the trading platform are:

• intuitive interface;
• loyalty system;
• low commissions;
• referral program;
• large volume of trades;
• security;
• the ability to quickly exchange cryptocurrencies;
• buying cryptocurrency with a credit card;
• training materials.

 

How to exchange cryptocurrency on the platform stormgain.com?

The platform provides not only the ability to cryptocurrency trading but also a quick exchange function for those customers who do not want to bother and understand the field of trading (How to Make Money on Cryptocurrency?). To start the exchange, you need to log in to the system and go to the “Instant exchange” section. Then you should perform a few simple actions:

• choose a cryptocurrency to exchange;
• specify the amount of cryptocurrency to exchange;
• click on the “Exchange” button.

 

Own cryptocurrency miner

The miner performs all operations on the StormGain mining equipment without loading your phone’s battery or processor. Every 30-40 minutes, depending on the bitcoin block production rate, the profit from mining is distributed evenly among all users involved in mining.

As soon as the amount of bitcoins equivalent to at least 10 USDT is mined, click “Withdraw”. Funds will be transferred to your account within 15 minutes. Profits from mining will be transferred to your trading USDT account.

Please note that this profit can only be used for trading and cannot be withdrawn or exchanged for other assets. All profits made by trading the mined cryptocurrency belong to the client and can be exchanged for other assets or withdrawn without any restrictions.

 

Verification on the Stormgain platform

There is no need to verify your identity (KYC) at stormgain.com. Users only need to verify their phone number and email address. You should also enable two-factor authentication for higher account security.

• first and last name;
• date of birth;
• country;
• city;
• residential address;
• zip code;
• passport number.

Also, for better security of their account, users need to verify their phone number and email address. Two-factor authentication should also be enabled.

 

Deposit and withdrawal

To deposit a trading account, the user can use two methods – with credit card as well as with the help of any payment system. The minimum amount to deposit depends on the cryptocurrency:

• USDT – 1 USDT
• Bitcoin – 0.00003 VTS;
• Bitcoin Cash – 0.006 BCH;
• Ethereum – 0.01 ETH;
• Litecoin – 0.03 LTC;
• Ripple – 7 XRP.

If you top up your balance with a credit or debit card the minimum amount is 50 dollars/euros. To deposit funds to the balance, you need to go to your profile and perform several actions:

• select a cryptocurrency and click the “Refill” button;
• copy the generated address;
• insert it in the payment system from which the transfer will be made.

Withdrawal of earnings

The minimum amount for withdrawal is 150 USD or equivalent amount in other cryptocurrency. To withdraw earnings from the project, you should also enter your profile and click on the “Withdrawal” button next to the cryptocurrency. Next, you should specify the address to which the withdrawal will be made and the amount to be withdrawn.

Cryptoexchange Commission

For cryptocurrency trading operations on the exchange there are commissions up to 0.4% per position, depending on the type of cryptocurrency. The commission for instant cryptocurrency exchange is 0.25%.

 

StormGain bonuses

The company has developed a loyalty program for its users. Thus, customers can get one of the statuses and enjoy special conditions:

• Standart. Standard Status.
• Gold. The trading volume is from 150,000 USDT. The user can count on an annual deposit rate of 3%, a bonus for each deposit – 5%. The commission for the exchange is 0.085%, and the speed of the miner reaches x1.
• Platinum. The trading volume is from 750,000 USDT. The trader can count on an annual deposit rate of 4%, a bonus for each deposit – 8%. The commission for the exchange is 0.08%, and the speed of the miner is increased by x3.
• Diamond. The trading volume is from 2 500 000 USDT. The user can count on an annual deposit rate of 8%, a bonus for each deposit – 12%. The exchange fee is 0.075%, and the miner rate is increased by x12.
• VIP. The trading volume is from 7 500 000 USDT. The trader can count on the annual rate on the deposit of 10%. Bonus for each deposit replenishment – 15%. The commission for the exchange is 0.07%. Increase in the rate of the miner is x38.
• VIP2. The trading volume is from 15,000,000 USDT. The user can count on the annual rate on the deposit in the amount of 11%. The bonus for each deposit is 18%. The exchange fee is 0.065%, and the speed of the miner is increased by x86.
• VIP3. The trading volume is from 75,000,000 USDT. The trader can count on the annual rate on the deposit in the amount of 12%. The bonus for each deposit is 20%. The commission for the exchange is 0.06%. And the speed of the miner will increase as much as x530 times.

Using a promo code, you can get an additional no deposit bonus.

Referral program

An affiliate program has been developed for active traders who want to earn extra income. Thus, clients can attract new participants to the project and receive remuneration for this. in the amount of 15% of trading commissions and funds withdrawn from the miner. To participate in the program, you need to find a referral link in the appropriate section.

 

Complaints about Stormgain

Due to the fact that the organization appeared on the financial market recently, one can find a small number of reviews from users on the Internet. In general, the project has a positive reputation. Of the advantages, traders highlight a convenient mobile application and the ability to quickly exchange cryptocurrencies. Among the disadvantages is a small selection of trading pairs.

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Crypto exchange regulation

The financial sphere is one of the most popular among fraudsters. 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 consider in more detail 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 information, as well as the necessary documentation is publicly available for all users.

Read the user agreement at stormgain.com

Stormgain.com User Agreement

The “User Agreement” is the main document of the project, which sets out the rules for trading activities, as well as the responsibilities of clients and organizers. Every trader should read the agreement before the beginning of cooperation with the company. The disadvantage is that the document is presented only in English, which may create difficulties for clients from CIS countries. Let’s consider some points in detail.

The agreement specifies that the organizer reserves the right to conduct any necessary money laundering, terrorist financing, fraud or other illegal activity checks before authorizing any withdrawal. The company may ask the customer to submit additional verification documents for this purpose.

If the customer conducts or attempts to conduct any transaction in violation of the prohibitions contained in this agreement, the organization reserves the right:

• cancel the transaction;
• suspend a transaction or suspend a user account;
• report the transaction to the appropriate law enforcement agency;
• to claim damages;
• Charge the customer an administrative fee of up to $100 if any of the above applies.

If an account holds a balance at the time it is suspended, the user must withdraw their funds before the suspension is processed. Once the suspension is complete, the client will not be able to access their account, but can withdraw any remaining funds by contacting customer service and requesting that the funds be sent in a manner that is acceptable to the trader. The account security obligations set forth in this agreement shall continue to apply.

Each user may be offered several different electronic transfer methods, depending on which electronic transfer method is selected and which methods are available in the particular country of residence. The organizer does not guarantee the use of any particular electronic transfer method provided and may modify or discontinue the acceptance of any particular electronic transfer method at any time. The Company will not be responsible for the electronic transfer until it receives the crypto-assets. The customer agrees that the organizer may use any third-party provider to process wire transfers as it sees fit and as necessary.

Also, the company does not guarantee the availability of any particular withdrawal method and may modify or cancel a particular withdrawal method at any time if at least one withdrawal method is available to the user. In case of receiving withdrawal payment through an external payment service provider (for example, a bank with which the trader has a bank account), the organization will not be responsible for the payment and for the withdrawal of funds after the withdrawal is received by the payment service provider.

The amount of the exchange fee may vary depending on the position of the user (price taker or price giver) in the transaction. The Company reserves the right to change or the amount of the fee and the terms of its payment from time to time. Any such changes and modifications will take effect upon a corresponding update of the platform. If the customer does not agree to the published changes and modifications, the customer may suspend his/her account and terminate this agreement as provided herein. The first use of the account after publication of any changes or revisions to the terms of this agreement or the modified fee updated on the platform will constitute acceptance of all such changes or revisions.

The Company may refuse to make or carry out any transactions or access to the platform:

• complete or partial failure of the platform, including failure of technology or any communications related to the platform and the user or any of the counterparties, as well as any other circumstances in which the use of the platform is considered unreasonable;
  violation of site security;
• material breach by the user of his obligations under this agreement or any other agreement with the company (including account opening documentation);
• Client’s failure to comply with any applicable laws;
• market conditions in general or conditions affecting a particular asset or derivative that make it necessary or desirable;
• lack of liquidity.

In order to mitigate and manage the potential risks faced by the company and without prejudice to the commonality of rights of the organization as expressly stipulated above, the organizer reserves the right, in its sole discretion, to suspend any user account and prohibit any activity, including but not limited to the withdrawal of funds for a period of internal investigation, but for no longer than 180 days, provided that the company has reasonable suspicion that the user activity:

• does not correspond to the services provided by the Exchange and the subject of this agreement;
• is fraudulent;
• violates the law, this agreement or the company’s anti-money laundering and anti-terrorism policies.

Customer Service

You can contact a customer service 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?

StormGain – is a cryptocurrency trading exchange, which appeared on the financial market in 2019 and quickly began to gain popularity among traders from different parts of the world. The organization focuses on the international market, as evidenced by the multilingual interface of the official website of the project. The company is headquartered in London, from where the platform is regulated.

The company provides traders with not only comfortable, but also profitable conditions. Users have the opportunity to conduct transactions with 53 cryptocurrency futures contracts, as well as to use multiples and invest in digital assets. Trading is done with the following types of cryptocurrency: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin. The advantage is that the platform is suitable for both professional traders and beginners. For experienced users, there is a wide range of functionality, and for beginners, there are useful video materials.

For its clients, the organization has developed a miner and a loyalty program, in which users can get bonuses on deposits, as well as discounts on trading commissions. Also, an affiliate program was developed for traders, in which you can attract new members to the project and receive for this passive income. Mobile application was created for clients to have constant access to the trading platform. Both iOS and Android versions are available.

In general, the organization has a positive reputation. Having studied the opportunities that the company has implemented for its members, is it possible to conclude that StormGain is a scam? No, because the platform successfully provides its services to clients all over the world and is conscientious.

 

Conclusion

StormGain – is an exchange for trading digital assets, which appeared in 2019. For such a short period the company was able to become popular and attract customers around the world. The interface of the official website stormgain.com is translated into 12 languages, which shows that the company is focused on the international market.

Not only comfortable, but also favorable conditions for trading are realized on the exchange. However, the trading process itself is quite a risky activity, so you should read all the necessary documents before registering on the exchange. If you have cooperated with the exchange, leave your impressions about the organization’s activity on our website to form an independent rating of cryptocurrency exchanges.