Welcome to this post, where we are going to look at the stormgain platform, with a complete analysis of this Exchange.
Being the sponsor of big name soccer teams and at the time of making this video, S.S LAZIO, this exchange has become more popular and many people have heard of it.
Like many exchanges, it has a wide variety of options within its platform, but we will focus on those aspects that almost everyone uses and are more relevant. Such as the commissions it has, the usability of the platform, its security and the ease of depositing and withdrawing our funds.
What is Stormgain?
Platform: StormGain
Min. Deposit: $50
License: Cysec
Bonus when creating an account
Specialized in Cryptocurrencies
So let’s get started. Stormgain is the crypto trading platform for everyone. It is the solution for those who want to gain from the rise or fall of the cryptocurrency market and long-term investments in crypto assets.
Available for any device, StormGain allows you to start trading futures contracts of 11 different cryptocurrencies with multipicker up to 200x or simply buy the cryptocurrency. It’s more of a platform focused on trading, and not so much on just buying cryptocurrencies, with use of high leverage.
If you don’t have an account with stormgain and want to use the platform, don’t forget to create one just below.
Platform: StormGain
Min. Deposit: $50
License: Cysec
Bonus when creating an account
Specialized in Cryptocurrencies
Commissions
STORMGAIN’s commissions are somewhat different from what we are used to on other platforms. Since there is no commission as such, but only when you make a profit, the platform keeps about 10%. On the one hand, it is very positive not to have any commission when buying and selling, only when you win. But if you win, the commission is somewhat high, since you would usually be paying 0.10% when buying and 0.10% when selling, regardless of whether you win or lose. And if you win, you would keep a higher percentage, since the commission is lower. On the other hand, it is very positive that the platform only charges commission when you win, because then, the platform will try to make you always make money and not go against you, wanting you to operate a lot to earn money from commissions, even if you do not make money as it happens in other trading platforms.
Security
Security is another very relevant factor when you have your money on the platform. This platform has a 1/3 on cybersecurity accredited by certified, which is something positive although it can be improved as it lacks two other aspects to verify. The team and workers are public, so it is another aspect to trust the platform. In terms of regulation, Stormgain is regulated by coinfirm and AMLT.
Depositing and Withdrawing Funds
Depositing and withdrawing funds from your account is also another important factor to look at. On stormgain, to deposit, you can buy different cryptocurrencies, among it, the most popular ones, such as Bitcoin, ethereum, tether or even stellar on deposit. Click on deposit and you will see the different payment options, and the different cryptocurrencies you can buy. The payment methods are really good, with mastercard with 0% commission, bank transfer with no commission, and other options with 3.5% commission with your credit card with simplex.
Another way you can use to save on commissions and not pay 3.5%, is to buy cryptocurrencies in another Exchange, in my case I use Binance, which is very easy to deposit funds, and withdraw them from binance to deposit them in your stormgain wallet. So you can also have the cryptocurrencies in stormgain to buy and sell the one you want. To do this, simply go to deposit of the cryptocurrency you want to move from binance to stormgain and copy the address. Keep in mind the network you use, the best option is to deposit Ripple (XRP) as it is a very cheap network with very low commissions. Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
To withdraw funds, stormgain works in the same way as all other platforms, and with no extra fees. Go to the cryptocurrency you want and click withdraw. Here you can select the network you prefer depending on the cryptocurrency and withdraw to your metmask wallet or to another platform.
Usability
Regarding the usability of the platform, it is different from other exchanges, being more focused on trading and for a less advanced profile. In the case of stormgain you have your cryptocurrencies usually in your portfolio, and to use them to buy and sell, you must go to trading, find the cryptocurrency pair that interests you, indicate the amount you want to use, the level of leverage, you can indicate the take profit and stop loss, and finally click on buy, or sell if you think the price is going to go down. This is the trading part, if you want to exchange one cryptocurrency for another, go to exchange, and select the two cryptocurrencies you want to exchange. Enter the amount and click on exchange, and you have exchanged one cryptocurrency for another.
There are other aspects of stormgain that are not as relevant, but you can also explore such as the use of different levels of leverage, the miner to mine bitcoin and get a reward for doing almost nothing, a demo account to practice and many guides and information to learn how to trade cryptocurrencies.
Platform: StormGain
Min. Deposit: $50
License: Cysec
Bonus when creating an account
Specialized in Cryptocurrencies
Is the platform worth it?
As we have seen, the platform has very low commissions if you don’t make a profit, medium security and reliability, and is quite simple to use to get started. Still, I think there is a better alternative if you are looking for the best Exchange for buying and selling cryptocurrencies, and not so much for trading. Before we look at the best alternative, though, let’s look at when stormgain is worth using. On coingecko, the platform has received a 6 out of 10 trust score.
When to use stormgain?
From my point of view, stormgain is useful if you are new to cryptocurrencies, or want to trade. Since they do not have many pairs, but to start to see how it works and to trade without commissions is really good. Especially for trading with leverage, knowing the risk that this has and the possibility of being liquidated. The platform is ideal for traders who do not want to lose money in commissions and only have to pay the commission once you have made a profit. Also, if you are good at trading, with the high leverage it allows, you can generate great profits, although with a lot of risk as well.
Remember that in the description you will be able to find a link to create an account on stormgain.
Platform: StormGain
Min. Deposit: $50
License: Cysec
Bonus when creating an account
Specialized in Cryptocurrencies
Best alternative
The best alternative if you are looking for the best cryptocurrency exchange is Binance. With commissions of 0.10%, in case you have their cryptocurrency in your account (Binance coin), they are reduced to 0.075% and a great amount of cryptocurrencies that you can’t find in other exchanges.
Plus a really easy deposit and withdrawal using your credit card for instant balance. And a great variety of options to earn money with your cryptocurrencies by staking with them. The number 1 Exchange, with more customers and volume of cryptocurrencies. If you do not have an account with Binance, in the description you will also find a link to create your account.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
