Available Countries
  • Worldwide, United Kingdom, Australia, Europe, Netherlands, Finland, Sweden, Denmark, Norway, Germany, Austria, Switzerland, Spain, Portugal, Italy, Canada, New Zealand, United Arab Emirates, Qatar, Singapore, Hong Kong, France, Africa, South Africa, Latin America, Scandinavia, Malaysia, Bahrain, Ireland, Luxemburg, Russia, Slovakia, Malta, GCC (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Cryptocurrency (Show More)
  • Supported Currencies
    Platform Type
  • Centralized Exchange (CEX)
  • Supports
  • FIAT to Crypto, Crypto to Crypto
Margin Trading
  • Yes
  • Built In Wallet
  • Yes
  • Compensation Scheme
  • Yes
  • Regulated
  • Yes
  • Minimum Deposit
  • Varies, Bitcoin - 0.0002 BTC, Bitcoin Cash - 0.006 BCH, Litecoin - 0.03 LTC, Ethereum - 0.01 ETH , XRP - 7 XRP, Tether - 1 USDT
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • 0.1% (Show More)
  • Trading Fees
  • Varies (Show More)
  • Limits
  • None (Show More)
  • Verification
  • Anonymous (Show More)
  • Jump to page contents

    StormGain Exchange Review

    StormGain is a cryptocurrency derivatives platform that was founded in 2019. The platform is a centralized exchange with its headquarters in London and registered in St. Vincent and the Grenadines. StormGain is also the official sleeve partner of the English Premier League team of Newcastle United.

    StormGain Review - Landing page

    The exchange offers a wide range of perpetual contracts for a variety of digital assets. The exchange goes a step further than just offering leveraged trading of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP.

    It also offers leveraged trading of the following popular cryptocurrencies: ZCash, Bitcoin Cash, DASH, Monero, EOS, Tron, Ethereum Classic, Stellar Lumens, Bitcoin Gold, Cardano, QTUM, NEO, IOTA, OmiseGO and Nem (XEM).

    All derivatives are denominated in Tether (USDT). The exchange also has four additional perpetual contracts denominated in BTC. They include those of Bitcoin Cash, DASH, Ethereum and Litecoin.

    However, it is recommended that only users with experience in derivative venture into StormGain. This is because the platform offers up to 200x leverage on its Bitcoin contracts and a maximum of between 10x and 100x on its alt-coin perpetual contracts.

    Your capital is at risk

    One benefit of StormGain is that you can switch between live trading and Demo trading. By trading virtual funds, you will get the necessary experience needed before risking real digital assets on StormGain. The exchange also offers tutorials for first-time users of the platform.

    Is StormGain Safe?

    StormGain is relatively safe. It provides the standard email and password login requirements. You also have the additional choice of enabling SMS authentication on your account that will send verification codes whenever necessary.

    The platform also uses modern security technology to safeguard user funds on the platform. All digital assets on StormGain are stored in cold wallets for additional security.

    StormGain Exchange

    StormGain offers you the choice of trading perpetual contracts of 18 popular cryptocurrencies. These contracts do not expire and StormGain’s matching engine makes sure all orders are carried out in an efficient manner.

    The 18 digital assets can be traded via the following perpetual contracts and their corresponding maximum leverage.

    • BTC/USDT – 200x
    • ETH/USDT – 100x
    • BCH/USDT – 100x
    • LTC/USDT – 100x
    • XRP/USDT – 50x
    • DASH/USDT – 50x
    • ZEC/USDT – 50x
    • XMR/USDT – 50x
    • EOS/USDT – 50x
    • XLM/USDT – 50x
    • ADA/USDT – 50x
    • TRX/USDT – 50x
    • ETC/USDT – 50x
    • BTG/USDT – 50x
    • OMG/USDT – 50x
    • NEO/USDT – 50x
    • NEM/USDT – 15x
    • IOTA/USDT – 10x
    • ETH/BTC – 50x
    • BCH/BTC – 50x
    • LTC/BTC – 50x
    • DASH/BTC – 50x

    How does StormGain compare to other exchanges?

    • StormGain
    • eToro
    • Type
    • Centralized Exchange (CEX)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading, Day Trading
    • Instruments
    • Cryptocurrencies
    • Min Deposit
    • Varies Bitcoin - 0.0002 BTC Bitcoin Cash - 0.006 BCH Litecoin - 0.03 LTC Ethereum - 0.01 ETH XRP - 7 XRP Tether - 1 USDT
    • Fees
    • Varies
    • Deposit Methods
    • Credit Card, Debit Card, Cryptocurrency
    StormGain Review
    • Type
    • Centralized Exchange (CEX)
    • Rating
    • 5/5
    • Best For
    • Newcomers, Advanced Beginners, Long Term Investors, Short Term Trading
    • Instruments
    • Cryptocurrencies
    • Min Deposit
    • Varies $50
    • Fees
    • Varies, 0.75% Spread for BTC & 1.9% Spread for ETH
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer, Cryptocurrency, Paypal
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares, ETFs
    • Min Deposit
    • €215
    • Fees
    • Spreads starting at 0.03
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares
    • Min Deposit
    • Varies 29 EUR/GBP/USD (once), 100 EUR/GBP/USD (for subsequent deposits)
    • Fees
    • Free, Varies, Floating spread, Swap fee, Conversion fee
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares, Options, ETFs
    • Min Deposit
    • Varies €100/$100/£100 for credit cards & €/$/£500 for wire transfers
    • Fees
    • Varies, A spread fee of 0.6% applies on BTCEUR market
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares
    • Min Deposit
    • Varies between $250 to $300 depending on account type
    • Fees
    • Main fees are spreads, as low as 0.03 pips
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 5/5
    • Best For
    • Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares, Options, ETFs
    • Min Deposit
    • €100 for credit card deposits.
    • Fees
    • Varies, A spread fee from 0.56% up to 3.28% applies
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer, Paypal
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares, ETFs
    • Min Deposit
    • 250 EUR/USD/GBP
    • Fees
    • Varies, No overnight or maintenance fees
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer, Paypal
    • Type
    • Centralized Exchange (CEX)
    • Rating
    • 4/5
    • Best For
    • Advanced Beginners, Experts, Short Term Trading, Day Trading
    • Instruments
    • Cryptocurrencies
    • Min Deposit
    • None
    • Fees
    • Free, Varies, 0.0% Maker & 0.07% Taker Model
    • Deposit Methods
    • Cryptocurrency
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities, Shares, Options, ETFs
    • Min Deposit
    • Varies €10 / $10 / £10
    • Fees
    • Varies
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer, Paypal
    • Type
    • Centralized Exchange (CEX)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading, Day Trading
    • Instruments
    • Cryptocurrencies
    • Min Deposit
    • None
    • Fees
    • Starting from Maker @ 0.16% & Taker @ 0.25%
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer, Cryptocurrency
    • Type
    • Centralized Exchange (CEX)
    • Rating
    • 4.5/5
    • Best For
    • Advanced Beginners, Experts, Short Term Trading, Day Trading
    • Instruments
    • Cryptocurrencies
    • Min Deposit
    • None
    • Fees
    • Varies, 0.075% taker fee, 0.025% rebate for makers
    • Deposit Methods
    • Cryptocurrency
    • Type
    • CFD Trading Platform (CFD)
    • Rating
    • 4.5/5
    • Best For
    • Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading
    • Instruments
    • Crypto, Indices, Forex, Commodities
    • Min Deposit
    • Varies $100
    • Fees
    • Free, Variable Spread , Swap
    • Deposit Methods
    • Credit Card, Debit Card, Bank Transfer

    StormGain Instant Exchange

    StormGain stands out from the rest with the additional option of letting you ‘swap’ between major cryptocurrencies through its Instant Exchange feature. This feature allows you to conveniently and efficiently convert between the cryptocurrencies of Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP and Bitcoin Cash (BCH).

    Fees for such instant exchanges range from 0.095% to 0.25% of the value of the transaction.

    StormGain Wallet

    You can also store your digital assets on StormGain’s in-built wallet. However, the exchange only supports wallets for 6 out of the 18 digital assets you can trade on the exchange. The digital assets with supported wallets are those of BTC, Tether, Bitcoin Cash, Litecoin, Ethereum and XRP.

    Digital assets deposited are safe and secure on StormGain. The use of the wallet is free for each account holder.

    However, for additional safety, it is recommended that you consider storing some of your digital assets on more secure crypto hardware wallets. Below is a recommended list of industry-tested hardware wallets that will ensure your funds are safe offline.

    The Ledger Nano X is the latest hardware crypto wallet offered by Ledger and it is designed to be the Bluetooth enabled Ledger Nano S on the go.
    Launched in 2015, KeepKey Wallet is one of the oldest and most secure hardware wallets. Today it is run by the ShapeShift Exchange and ranks as the third-best wallet brand in the world.
    If you are looking for one of the most secure hardware wallets, capable of storing a wide variety of cryptocurrencies and offering increased functionality, Trezor is definitely your go-to wallet.

    StormGain Mobile App

    Trading on StormGain is not limited to the desktop application via the web browser. You can also download the StormGain mobile trading app available on both the Google Play store and Apple. This means that all your trading activities can be done on the go. You can also track your crypto holdings in your various wallets through the mobile app.

    StormGain Loyalty Program

    StormGain also has a loyalty program aimed at rewarding you for making the choice of trading with them. Your account can fall into one of five categories, each with additional benefits as you entrust more of your digital assets with StormGain. The following table gives a brief breakdown of the perks you receive per level of loyalty.

    StormGain - Loyalty Program

    StormGain Referrals and Affiliate Program

    For each friend you refer to StormGain, you stand the chance of getting paid 15% of their trading commissions. You can also opt to join StormGain’s affiliate program that allows you to profit from lucrative commissions from each client you assist in signing up for the exchange.

    StormGain Account

    Creating an account with StormGain is simple and takes less than five minutes. All you have to do is follow the steps outlined below.

    How to Sign Up on StormGain

    1. Navigate to StromGain.com, click on the ‘Register’ button at the top right.
    2. You will be directed to a dialogue box that requests you to enter your email, phone number, and the password you wish to use.StormGain review - Sing up
    3. You will then receive a welcome email from the team at StormGain.
    4. Email and phone number verification will then be required before you begin trading or depositing funds on StormGain

    How to Login On StormGain

    Once your account has been created, you can log in using the following steps.

    1. Visit StormGain.com.
    2. Click on ‘Sign In’ on the top right corner of the site.
    3. You will be directed to a dialogue box that requests you to enter your email and password. StormGain Review - Sign in

    Verification Requirements

    StormGain does not have any mandatory Know-Your-Customer (KYC) procedure. All you need is a valid email, phone number and password to start using the platform.

    However, there are special instances where they will request additional user information. This includes, and is not limited to, investigations related to fraud, money laundering, and any criminal activities.

    How to Buy Digital Currency on StormGain

    StormGain allows you to buy a selection of 6 digital assets using your credit and/or debit card. The 6 supported digital assets are BTC, ETH, LTC, BCH, XRP and USDT.

    Card transactions are powered by Simplex and Koinal. Both service providers support USD transactions.

    However, only Simplex offers transactions denominated in the additional fiat currencies of USD, EUR, AUD, CHF, CZK, DKK, GBP, HUF, ILS, KRW, NOK, NZD, PLN, RUB, SEK, TRY and ZAR.

    How to Buy BTC, ETH, LTC, BCH, XRP or USDT

    1. Login to your StormGain account.
    2. Click on the ‘Buy Crypto With a Card’ button on the top right of your screen.Buy crypto page
    3. Once clicked, the following dialogue box will appear.How to buy with credit card
    4. The first tab allows you to select the digital asset you want to purchase. You have the choice of purchasing Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP or Tether.
    5. The second tab allows you to select your payment option. Here is where you pick between Simplex or Koinal.
    6. Below this, you shall find the amount denominated in your choice fiat and the amount.
    7. Once you are sure of the amount, simply click on ‘deposit’.

    Your Ccapital is at risk

    How to Deposit Coins on StormGain

    As earlier mentioned, the StormGain exchange supports deposits of 6 digital assets that are supported by the inbuilt wallet. To do this, you will take the following steps.

    1. Login to your account.
    2. Navigate to the far right where it says ‘My Wallet’.StormGain - My Wallet
    3. Select your choice of cryptocurrency to deposit.
    4. Click on ‘Deposit’ next to the digital asset. For this example, we shall use Bitcoin.
    5. You will be provided with a new dialogue amount that explains the minimum deposit and also provides a deposit address.
    6. Copy the address provided and deposit your BTC.StormGain - Depositing BTC
    7. Similar procedures apply when depositing Tether, Bitcoin Cash, Litecoin, Ethereum or XRP.

    How to Cash Out on StormGain

    At the time of writing this, StormGain only allows withdrawals of the 6 aforementioned digital assets of Tether, Bitcoin Cash, Litecoin, Ethereum or XRP. To withdraw your digital assets, you will take the following steps.

    1. Log in to your StormGain account.
    2. Navigate to the far right where it says ‘Wallet’.
    3. Select your choice of digital asset to withdraw. For this example, we shall use Tether.
    4. The exchange will request you to enable 2FA authentication if you have not already activated it.StormGain - SMS 2FA
    5. You will then be provided with a dialogue box that asks the amount you wish to withdraw and the address you wish to send it to.StormGain - Withdrawal
    6. Enter your desired amount for withdrawal and the corresponding withdrawal address.
    7. These steps can be used when withdrawing the other digital assets of BTC, BCH, LTC, ETH or XRP.

    Supported Countries

    StormGain accepts members from almost all countries worldwide.

    Supported

    Except for countries listed in the section below, StormGain offers its services to almost all countries in the (European Economic Area) including Austria, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom. Outside the EU, it accepts members from all over the world including Russia, South Korea and Southeast Asia.

    Excluded

    However, StromGain does not offer trading services for residents of the following countries:

    United States, Japan, Afghanistan, Bosnia and Herzegovina, British Columbia, Ethiopia, Guyana, Iran, Iraq, Lao PDR, North Korea, Quebec, Sri Lanka, Syria, Tunisia, Trinidad and Tobago, Uganda, Vanuatu, and Yemen.

    Exchange Fees & Limits

    As with all crypto derivatives platforms, StormGain has its structure for limits and fees associated with trading, deposits and withdrawals.

    Trading Fees

    StormGain has a standard maker/taker fee model that is implemented on each trade. The exchange charges 0.04% in maker and 0.40% in taker fees across the perpetual contracts denominated in Tether (USDT).
    With regards to the contracts denominated in Bitcoin, the exchange charges 0.40% in maker and an equivalent 0.40% in taker fees.

    Deposit and Withdrawal Fees

    The exchange does not charge any fee to deposit any of the 6 digital assets supported by the StormGain wallet. However, miners’ fees are applicable and are adjustable based on the speed at which you would like the transaction to be processed.

    In the case of withdrawals, StromGain charges a standard 0.1% commission for the withdrawal of the 6 digital assets: BTC, USDT, BCH, ETH, LTC and XRP.

    Limits

    StromGain does not have any maximum limits when depositing or withdrawing any of the 6 digital assets of Bitcoin, Ethereum, Bitcoin Cash, Tether, Litecoin or XRP. However, it does have the following minimum deposits and withdrawals of the aforementioned digital assets.

    StormGain - Withdrawals and Deposit Fees

    Supported Payment Methods

    The exchange stands out from the rest due to the fact that you can purchase the 6 major digital assets on the platform using your credit and/or debit card. You can purchase these cryptocurrencies using your Visa and Mastercard.

    Credit card transactions are powered by Simplex and Koinal. With respect to Simplex, you are charged a 5% transaction fee or $10 depending on which is higher. With respect to Koinal, you pay a flat 1.5% transaction fee.

    Simplex purchases can be made in the several fiat currencies of USD, EUR, AUD, CHF, CZK, DKK, GBP, HUF, ILS, KRW, NOK, NZD, PLN, RUB, SEK, TRY and ZAR . However, Koinal only supports purchasing digital assets using the USD.

    StormGain Customer Support

    StormGain’s support team can be reached via [email protected]. You can also visit the exchange’s telegram group (@StormGain) where your questions will be answered by authorized administrators. Additionally, you can give them a call at their phone number of +248 467 19 57.

    The exchange website also has a knowledge base that offers tutorials and answers to commonly asked questions about the exchange.

    StormGain Exchange Coming Soon Features

    StormGain has a list of official communications channels. This includes Facebook (@StormGain.official), Twitter (@StormGain_com) and Telegram (@StormGain). Through these social media platforms, StormGain will let its users know of any coming soon features.

    Top Competitors

    StormGain vs Bitmex

    StormGain and Bitmex are more or less similar in terms of not having strict verification processes. Additionally, StormGain has more to offer with its 22 perpetual contracts compared to Bitmex’s contracts of Bitcoin, Cardano, Bitcoin Cash, EOS, Ethereum, Litecoin, Tron and XRP. However, Bitmex does have an edge due to its popularity amongst retail and institutional traders.

    StormGain vs ByBit

    As with StormGain, ByBit also does not have a strict KYC (Know Your Customer) procedure. However, StormGain does have an advantage over ByBit for it has more contracts to offer its traders compared to what ByBit has to offer. Although both have mobile apps, StormGain is still ahead due to the bonuses associated with storing digital assets on the 6 available wallets.

    StormGain vs Binance

    Binance is a more established exchange with a longer track record than StormGain. The Binance crypto exchange offers spot trading, staking, loans, futures and options trading, bank deposits and more. Binance offers 24 perpetual contracts with maximum leverage ranging from 50x to 125x. This means that StormGain is only 6 perpetual contracts shy of offering a similar amount as Binance. With time, StormGain will most likely evolve and offer more products and services to its retail traders.

    Conclusion

    StormGain users have the opportunity of trading 22 perpetual contracts denominated in USDT and BTC. You can deposit and withdraw the major cryptocurrencies of BTC, ETH, LTC, BCH, XRP and Tether (USDT) thus providing a lot of flexibility. Additionally, you can also buy these 6 digital assets using your Credit and/or debit card.

    The crypto exchange also rewards you for storing your digital assets in the 6 available wallets on the platform. Trading and financial tracking is also made more efficient through StormGain’s mobile app available on both Google and Apple.

    The exchange offers standard security in the form of logging in using an email and password. You also have the option of adding SMS 2FA protection. StormGain also stores user funds in a cold wallet.

    StormGain is ideal for experienced crypto traders who are familiar with the risk involved when trading using high leverage. However, new traders have the option of using a demo account that uses virtual funds at zero risk. StormGain also offers you several tutorials to aid in the process of warming up to using the exchange.

    Pros and Cons

    StormGain Pros and Cons

    Is StormGain safe?

    StormGain has implemented several security measures to ensure funds are safe. Your account is protected through an email and password. You can also activate 2FA SMS authentication. StormGain additionally stores all funds in a cold wallet.

    Who owns StormGain?

    StormGain is registered in St. Vincent and the Grenadines. Its headquarters is in London, UK.

    Is there an official StormGain app?

    Yes. The StormGain Mobile app is available for download on Google Play and the Apple store.

    How do I contact support on StormGain?

    The most efficient way to contact support on StormGain is through their official email: [email protected] can also talk to their Telegram admins available on the @StormGain chat.

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