No Regulation

Score

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/10

StormGain

Saint Vincent and the Grenadines

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://stormgain.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

AAA

Influence Index NO.1

Brazil 7.79

Better than 98.93% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
AAA

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
StormGain
Phone of the company
+2484671957
Customer Service Email Address
support@stormgain.com

WikiBit Risk Alerts

2
Previous Detection 2024-07-15

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

The number of the negative comments received by WikiBit have reached 4 for this Exchange in the past 3 months, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 223.055m

$ 223.055m

83.62%

$ 37.781m

$ 37.781m

14.16%

$ 4.555m

$ 4.555m

1.7%

$ 277,893

$ 277,893

0.1%

$ 194,854

$ 194,854

0.07%

$ 176,126

$ 176,126

0.06%

$ 131,826

$ 131,826

0.04%

$ 81,072

$ 81,072

0.03%

$ 72,406

$ 72,406

0.02%

$ 27,659

$ 27,659

0.01%

$ 24,790

$ 24,790

0%

$ 22,413

$ 22,413

0%

$ 20,942

$ 20,942

0%

$ 18,372

$ 18,372

0%

$ 17,732

$ 17,732

0%

User Reviews

More

9 ratings

Participate in evaluation
Ronnarit
Unable to withdraw coins. Scam, stay away from this StormGain platform, don't waste your time on it.
2023-10-30 07:57
4
Ronnarit
Unable to withdraw coins. Scam, stay away from this platform StormGain. Don't waste your time on it.
2023-10-29 12:49
7
Lala27
Beware to this exchange platform. Most users can't withdraw their assets.
2023-08-31 23:58
8
Apr1.
The interface of StormGain is complicated and difficult to use, which really bothers me. Also, its withdrawal speeds are unacceptably slow, and the overall performance leaves me unsatisfied.
2023-09-14 14:29
9
fatima2000
stormgain is good app to make money free and if you like you deposit money and trade and you will take good profit
2023-11-07 13:19
2
FX2000998400
StormGain's user interface is pretty slick, easy to navigate. But, the transaction fees can be a bit of a downer. Their customer support is top-notch though.
2024-06-22 08:46
8
Muhammad Imran6156
stormgain is a reliable exchanger and safe to trade with nice interface and thousands of crypto coins to trade with.I love it
2023-11-25 20:30
1
Jayem09
Base on my experience on stormgain this app is user friendly and easy to use you can trade and make profits you can also mine bitcoin to trade on the stormgain platform i like this app so much because it gives me opportunity to trade without investment i only free mining and trade it to make profits thats so amazing for me who lost my job in this past month im so depressed but when i started to earn by trading my face smile again thats why im happy to have stormgain in my phone also in my life❤️❤️❤️
2023-10-27 10:24
9
BIT4145984820
Withdrawal are not processed. No customer service department and no response after sending support.
2021-11-27 01:26
0
Aspect Information
Founded 2019
Regulation No regulation
Supported Cryptocurrencies 50
Fees 0.40%
Funding Methods Cryptocurrency and credit/debit cards
Customer Service Phone, +2484671957 and email, support@stormgain.com

StormGain Overview

Founded in 2019, StormGain is a crypto trading platform that aims to provide a convenient solution for users to profit from the cryptocurrency market. While StormGain currently lacks valid regulation and oversight from government or financial authorities, the platform claims to incorporate various security measures to ensure the safety and privacy of user accounts.

StormGain-home-page

Pros & Cons

√ Pros × Cons
  • Wide range of cryptocurrencies
  • Unknown registered country/area and regulatory authority
  • Flexible deposit and withdrawal options
  • Regional restrictions
  • 24/7 customer support

Pros of StormGain

  • Wide range of cryptocurrencies: StormGain offers a diverse selection of cryptocurrencies for trading, allowing users to access various investment opportunities beyond just the popular coins.

  • Flexible deposit and withdrawal options: The platform supports multiple deposit and withdrawal methods, including cryptocurrencies and credit/debit cards, providing users with convenience and flexibility.

  • 24/7 customer support: StormGain offers round-the-clock customer support, ensuring that users can get assistance whenever they need it.

Con of StormGain

  • Unknown registered country/area and regulatory authority: StormGain‘s lack of clear information about its registered country/area and regulatory oversight raises concerns about the platform’s compliance and transparency, making it harder for users to evaluate the level of trustworthiness.

  • Regional restrictions: StormGain may have restrictions on certain regions, possibly limiting access to the platform and its services for users from specific countries.

Regulatory

StormGain currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with StormGain, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated exchanges to ensure your funds are protected.

Is StormGain Safe?

StormGain claims it has implemented several security measures to ensure the safety and privacy of user accounts. These measures include:

  • Two-Factor Authentication (2FA):

This adds an extra layer of security by requiring users to provide an additional verification code in addition to their password when accessing their account.

  • Multi-Signature Withdrawals:

This feature ensures that all withdrawal transactions require multiple signatures, providing an added layer of protection against unauthorized withdrawals.

  • SSL Encryption:

The use of SSL encryption helps to secure and protect all data traffic between users and StormGain's resources, ensuring that sensitive information remains confidential.

  • 24/7 Support:

StormGain offers round-the-clock live chat and email support for urgent cases, providing assistance and addressing security concerns promptly.

  • PCIDSS and GDPR Compliance:

Compliance with Payment Card Industry Data Security Standard (PCIDSS) and General Data Protection Regulation (GDPR) indicates that StormGain follows recommended security practices and protocols for the protection of user data.

  • Real-Time Monitoring:

StormGain conducts constant real-time monitoring to detect and prevent suspicious or fraudulent activities, contributing to the overall security of user accounts.

  • Quarterly Security Audits:

Regular security audits conducted by trusted advisors help identify vulnerabilities and ensure that security measures are up to date and effective.

  • Strict Control and Monitoring:

StormGain maintains strict control over physical access and code deployment, ensuring thorough review and scrutiny before any changes or updates are implemented.

  • Controlled and Monitored Access:

The use of separation of duties and the Principle of Least Privilege limits user access to only the necessary privileges, reducing the risk of unauthorized access.

Protection-measures

Based on these security measures, it appears that StormGain has taken significant steps to prioritize the safety and security of user accounts. However, it has no regulation, which makes trade risky. It is always recommended to exercise caution and follow best practices to protect your own personal information and assets.

Trading Markets

StormGain simplifies cryptocurrency trading with a user-friendly platform where users can easily buy and sell various digital assets, including popular cryptocurrencies like Bitcoin and Ethereum.

Cryptocurrency Trading:

StormGain supports a diverse range of cryptocurrencies, providing traders with opportunities to engage with the dynamic crypto markets.

Profit Share:

The platform may offer profit-sharing opportunities, allowing users to benefit from the platform's success based on trading activity or bonuses.

Crypto Indices:

Crypto indices on StormGain represent baskets of multiple cryptocurrencies, providing traders exposure to a diversified portfolio without managing individual assets.

Tokenized Assets:

Tokenized assets on StormGain represent real-world assets or commodities in digital form, expanding investment opportunities beyond traditional cryptocurrencies.

Crypto Options:

StormGain offers crypto options trading, allowing users to speculate on price movements without owning the underlying assets, providing flexibility and risk management.

Users should carefully understand the characteristics and risks of each product before participating in trading on the StormGain platform. As specific product offerings may vary, it is advisable to check the latest information on the StormGain website or contact support.

Trading Market

Cryptocurrencies Available

StormGain offers a diverse range of cryptocurrencies for trading, providing users with access to various digital assets. Some of the cryptocurrencies available on the StormGain platform include:

  • Bitcoin (BTC): The first and most well-known cryptocurrency, often referred to as digital gold.

  • Ethereum (ETH): A decentralized platform enabling the creation of smart contracts and decentralized applications.

  • Ripple (XRP): A digital payment protocol designed for fast and low-cost international money transfers.

  • Litecoin (LTC): Often considered a silver to Bitcoin's gold, Litecoin offers faster block generation times and a different hashing algorithm.

  • Bitcoin Cash (BCH): A fork of Bitcoin that aims to provide faster, cheaper transactions for everyday use.

  • Cardano (ADA): A blockchain platform focused on the development of smart contracts and decentralized applications.

  • Binance Coin (BNB): The native cryptocurrency of the Binance exchange, used for discounted trading fees and participating in token sales.

  • Chainlink (LINK): A decentralized oracle network that connects smart contracts with real-world data.

  • Stellar (XLM): A platform designed for cross-border payments and token issuance.

  • Polkadot (DOT): A multi-chain platform that enables different blockchains to interoperate and share information.

These are just a few examples of the cryptocurrencies available on StormGain. The platform offers a total of 50 different cryptocurrencies, allowing users to explore a wide range of options and diversify their investment portfolio according to their individual preferences and trading strategies.

Cryptocurrencies Available

Other Services

Exchange:

StormGain simplifies crypto exchanges, making registration easy for users. The platform provides essential tools like charts and live trades for informed decision-making, catering to both beginners and experienced traders.

Trading Signals:

For those seeking guidance in crypto trading, StormGain offers signals with key indicators for Buy or Sell decisions. These indicators, focusing on profitability and probability, assist users in refining their trading strategies.

Wallets:

StormGain includes a built-in wallet for secure storage of crypto assets, supporting a “hodl” strategy. This integrated approach combines trading and wallet services for efficient crypto portfolio management.

Services

StormGain APP

The StormGain app stands out as an all-inclusive platform catering to the diverse needs of cryptocurrency enthusiasts. Here's a brief breakdown of its key features:

1. All-in-One Crypto App:

StormGain positions itself as a comprehensive solution, offering a variety of crypto-related services within a single app. Users can seamlessly navigate between different functionalities without the need to switch between multiple platforms.

2. Bitcoin Cloud Miner:

One distinctive feature is the inclusion of a Bitcoin cloud miner. This allows users to engage in cryptocurrency mining directly through the app, providing a convenient way to participate in the process of generating new Bitcoins.

3. Crypto Trading with Leverage:

The app facilitates crypto trading with significant leverage, reaching up to 500x. This high leverage option is designed to appeal to traders who seek amplified exposure to the market, potentially maximizing their profit opportunities.

4. Crypto Exchange:

StormGain serves as a cryptocurrency exchange, enabling users to buy, sell, and trade a variety of digital assets. The platform's user-friendly interface and real-time market data contribute to a smooth trading experience.

5. Exclusive Trading Signals:

To assist users in making informed decisions, StormGain provides exclusive trading signals within the app. These signals offer valuable insights into market trends, helping users navigate the complexities of cryptocurrency trading.

6. Cross-Platform Availability:

The app is accessible across various platforms, including the App Store, Google Play, AppGallery, and through the Android APK. This broad compatibility ensures that users can download and use the StormGain app on their preferred devices.

How to open an account?

StormGain has streamlined the account opening process to make it accessible for users interested in cryptocurrency trading. Here's a brief overview of how to open an account:

1. Visit the StormGain Website:

Start by going to the official StormGain website. Look for the “Sign In” button, which is usually prominently displayed.

Visit the StormGain Website

2. Registration Form:

Click on the registration button, and you'll be directed to a registration form. Fill in the required information, which commonly includes your email address, a secure password, and sometimes a referral code if applicable.

Registration Form

3. Email Verification:

After submitting the registration form, StormGain may require email verification. Check your email for a verification link and click on it to confirm your registration.

4. Personal Information:

Complete your profile by providing additional required information. Depending on regulatory requirements, this may involve verifying your identity through documents such as a driver's license or passport.

5. Deposit Funds:

Once your account is set up, you'll need to deposit funds to start trading. StormGain typically supports various deposit methods, including cryptocurrencies and fiat currencies.

6. Explore the Platform:

With a funded account, you can explore the StormGain trading platform. Familiarize yourself with the user interface, available trading pairs, and tools provided for analysis.

It's crucial to note that the account opening process can evolve, and users should refer to the latest guidelines provided by StormGain during the registration process. Compliance with any KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements is essential for a seamless experience.

How to Buy Cryptos?

To buy cryptocurrencies on StormGain, follow these simplified steps:

1. Create an Account:

Begin by creating an account on the StormGain app. If you're new to StormGain, the registration process involves providing necessary information and setting up your account.

2. Access Wallets and Deposit:

Sign in to your StormGain account and go to the 'Wallets' section. Click on the 'Deposit' button to proceed with funding your account.

3. Open the Deposit Page:

In the deposit section, select the wallet containing the cryptocurrency you want to purchase.

4. Choose Payment Type:

Decide whether you want to buy crypto with a credit card ('Fiat') or with another cryptocurrency ('Crypto').

5. Specify Amount and Payment Method:

Select or enter the amount of cryptocurrency you wish to purchase. Choose 'Credit card' as your payment method and click 'Deposit'.

6. Enter Payment Details:

You'll be directed to the payment method page. Review the order summary and input your credit card details, including billing address and contact information.

7. Complete the Transaction:

Click 'Pay Now' to finalize the transaction. For the first-time payment, additional verification may be required.

By following these steps, you can efficiently buy cryptocurrencies on StormGain using a credit card. It's important to review your order details and ensure the accuracy of your payment information for a seamless and secure transaction experience.

Fees

  • Crypto Trading Commission:

- There is no commission for trading cryptocurrencies on StormGain, which means you can buy and sell cryptocurrencies without incurring any direct trading fees.

  • Maker and Taker Fees:

- For each trade, there is a maker and taker fee of 0.40%. A maker is when you add liquidity to the market by placing a limit order that doesn't get matched immediately, while a taker is when you remove liquidity by placing an order that gets matched immediately. Both the maker and taker fees are set at 0.40%.

  • Funding Fees:

- Funding fees are applicable when trading futures contracts on StormGain. These fees represent the cost of funding a position. The funding fee rate for buying positions (longs) and selling positions (shorts) varies across different instruments. It can be either -0.010% or 0.010% for a period of 8 hours, depending on the instrument.

  • Exchange Commission:

- When exchanging between cryptocurrencies on StormGain, there is a commission fee that varies depending on the instrument. It can either be 0.095% or 0.25% for each exchange transaction.

Fee Type Description Rate
Crypto Trading Commission No direct commission fee for buying and selling cryptocurrencies No commission
Maker Fee Placing a limit order that doesnt get matched immediately 0.40%
Taker Fee Placing an order that gets matched immediately 0.40%
Funding Fees Applicable for trading futures contracts on StormGain Rates vary
- Buying Positions (Longs): Funding fee rate for 8 hours -0.010% or 0.010%
- Selling Positions (Shorts): Funding fee rate for 8 hours -0.010% or 0.010%
Exchange Commission Incurred when exchanging between cryptocurrencies Rates vary
The commission rate for each exchange transaction 0.095% or 0.25%

It's important to note that these fees may vary and are subject to change. It's advisable to check the StormGain website or contact their customer support for the most up-to-date and accurate information regarding their fees and trading conditions.

Funding Methods

StormGain supports both cryptocurrency and credit/debit card deposits and withdrawals. This allows users to conveniently fund their accounts and withdraw funds using either cryptocurrencies or traditional payment methods.

  • Cryptocurrency Deposits and Withdrawals:

- StormGain allows users to deposit and withdraw cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and more. This means you can transfer your crypto assets from your external wallet to your StormGain account for trading purposes. Similarly, you can also withdraw your cryptocurrencies from your StormGain account to an external wallet.

Currency Min. deposit amount Deposit fee Min. withdrawal amount Fixed withdrawal fee* Additional withdrawal fee
USDT 1 USDT 0.00% with no restrictions 7 USDT 0.1%
BTC 0.00003 BTC 0.00% 0.0014 BTC 0.0007 BTC 0.1%
BCH 0.003 BCH 0.00% 0.11 BCH 0.00039 BCH 0.1%
ETH 0.001 ETH 0.00% with no restrictions 0.0023 ETH 0.1%
LTC 0.0072 LTC 0.00% 0.36 LTC 0.0018 LTC 0.1%
XRP 4 XRP 0.00% with no restrictions 0.371 XRP 0.1%
DASH 0.008 DASH 0.00% 0.4 DASH 0.002 DASH 0.1%
ZEC 0.01 ZEC 0.00% with no restrictions 0.002 ZEC 0.1%
XLM 4 XLM 0.00% with no restrictions 0.04 XLM 0.1%
DAI 1 DAI 0.00% with no restrictions 7 DAI 0,1%
USDC 1 USDC 0.00% with no restrictions 7 USDC 0,1%
  • Credit/Debit Card Deposits and Withdrawals:

- StormGain also supports credit and debit card transactions for both deposits and withdrawals. Users can link their VISA or Mastercard to their StormGain account to fund it directly through card payments. Similarly, when you want to withdraw funds, you can choose the credit/debit card option to transfer the funds back to your linked card.

Deposit commision Min. commission
5% 10 USD

Compare to Other Cryptocurrency Exchanges

Exchange Fees Cryptos Website
StormGain 0.40% 50 https://stormgain.com
FXopen 0%-4% 40+ https://www.fxopen.co.uk/
ByBit 0% (spot), 0.06% 0.01% (futures) 331 https://www.bybit.com/
Kraken 0.16%-026% 222 https://www.kraken.com/
  • FXopen

A virtual currency exchange company that was founded in 2005 in Australia. It is registered under the FCA, ensuring regulatory oversight and compliance.

  • ByBit

ByBit is a cryptocurrency margin trading exchange and a pure day trading platform. If you are looking for a modern cryptocurrency exchange to day trade bitcoin or major altcoins with leverage on a high-end platform, then ByBit is for you.

  • Kraken

It is an one of the biggest crypto exchanges and is best known for its sophisticated terminal for cryptocurrency and forex trading. With deep liquidity across its markets, Kraken is geared toward serious crypto traders that are familiar with technical analysis, advanced orders, and using leverage.

Is StormGain a Good Exchange for You?

Novice Traders: StormGain - Simplicity for Starters

For those entering the crypto realm, StormGain stands out with its user-friendly interface and easy registration. The platform's trading signals provide valuable insights, aiding beginners in making well-informed decisions.

Experienced Traders: StormGain - Depth and Convenience

Experienced traders find StormGain appealing due to its robust market analysis tools and the convenience of managing crypto assets within the platform's built-in wallet. However, the somewhat limited cryptocurrency selection might be a consideration for those desiring a broader spectrum.

Cost-Conscious Users: StormGain - Savings and Simplicity

StormGain caters to cost-conscious users with a focus on minimizing expenses in crypto exchanges. Its straightforward charts and live trade features provide simplicity, attracting users mindful of transaction costs.

Crypto Enthusiasts: StormGain - Diverse Offerings with Some Limitations

While StormGain offers various crypto services, including profit-sharing and tokenized assets, crypto enthusiasts seeking an extensive range of cryptocurrencies may explore other platforms with a more diverse offering.

User Reviews

User 1: I've been using StormGain for a while now, and I have to say, their security measures are top-notch. I feel confident trading on their platform knowing that my funds are protected. The interface is also user-friendly, making it easy to navigate and place trades. The liquidity is great too - I've never had any issues executing my orders. They offer a wide range of cryptocurrencies to trade, which is a plus. However, their customer support can be a bit slow at times, and the trading fees are a bit on the higher side compared to some other exchanges. Overall, I'm satisfied with StormGain!

User 2: I've had a mixed experience with StormGain. On one hand, their customer support is excellent. They respond quickly and are very helpful in resolving any issues. The privacy and data protection measures are also commendable, giving me peace of mind. However, the deposit and withdrawal speed could be improved. Sometimes it takes longer than expected for transactions to go through. The order types available are quite limited, which can be a drawback for more advanced traders. While the exchange stability is generally good, I have encountered occasional glitches on the platform. It would be great if they could address these issues for a smoother trading experience.

Conclusion

StormGain, established in 2019, presents itself as a versatile crypto platform with a broad array of trading options. It excels in providing a diverse range of cryptocurrencies, flexible deposit methods, and round-the-clock customer support. However, concerns arise due to the absence of clear regulatory information and the limitation of a 10x maximum leverage. Despite these concerns, StormGain emphasizes security through measures like two-factor authentication and regular security audits. The platform offers various crypto products, including profit-sharing, indices, tokenized assets, and options. Users should conduct thorough research and consider their preferences before engaging with StormGain.

Frequently Asked Questions (FAQs)

Q 1: Is StormGain regulated?
A 1: No. It has no regulation.
Q 2: At StormGain, are there any regional restrictions for traders?
A 2: Yes. Stormgain services are not intended for use in the European Union. Furthermore, Stormgain services are not available in countries identified by FATF as high-risk and non-cooperative jurisdictions with strategic AML/CFT deficiencies; and countries under international sanctions.
Q 3: Does MEXC Exchange require KYC?
A 3: No. StormGain does not ask you to undergo an identification verification procedure (known as KYC, or the Know Your Client procedure) when you buy cryptocurrency with a credit card.
Q 4: Is StormGain a good crypto exchange for beginners?
A 4: No. It is not suitable for beginners because of unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.