StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.
Available on any device, StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hodl crypto.
What is Stormgain?
StormGain is a centralized cryptocurrency exchange based in the United Kingdom, launched in July 2019. The platform supports trading in major cryptocurrencies, including USDT, BTC, BCH, ETH, LTC, and XRP. In this overview, we will explore the advantages, supported cryptos, and unique features offered by StormGain.
Supported Cryptocurrencies
StormGain facilitates trading in well-established cryptocurrencies, minimizing the risk of potential scams. The supported cryptocurrencies include USDT, BTC, BCH, ETH, LTC, and XRP.
Advantages of StormGain
StormGain emphasizes three main advantages: up to 200x leverage on certain trades, claimed "lowest fees," and the provision of a demo account for users to practice before engaging with real money. We'll examine these advantages and assess their validity.
Official Crypto Trading Partnership
An interesting aspect of StormGain is its announcement as the "Official Crypto Trading Partner of SS Lazio," a renowned football club. Such partnerships contribute to the mass adoption of cryptocurrencies and reflect positively on the industry.
Mobile Support and Leveraged Trading
StormGain's trading platform is mobile-compatible, catering to users who prefer trading on their smartphones. Additionally, the platform offers leveraged trading, allowing users to amplify their potential returns, but with a cautionary note on the associated risks.
StormGain Trading View
Every cryptocurrency exchange has a trading view, and StormGain is no exception. We'll explore the features of StormGain's trading view, including price charts, buy and sell boxes, and order history.
Consideration for US Investors
The regulatory landscape, particularly involving the Securities Exchange Commission (SEC), often influences exchanges' accessibility for US investors. We'll delve into StormGain's position regarding US investors and the implications.
StormGain Fees Structure
Examining the fee structure is crucial for any trading platform. StormGain employs flat fees for both takers and makers, charging 0.25%. However, a unique offering is explored, where trading fees are only incurred when profits are made, albeit at a high rate of 10.00%.
Withdrawal Fees Model
StormGain adopts a distinctive withdrawal fee model, combining fixed and percentage-based fees. We'll analyze the implications of this model on users withdrawing different amounts.
Deposit Methods
The availability of various deposit methods, including wire transfer, debit card, and cryptocurrency deposits, positions StormGain as an entry-level exchange suitable for new crypto investors.
This comprehensive breakdown provides insights into StormGain's features, advantages, fees, and user considerations, aiding potential users in making informed decisions.
What are the trading fees on Stormgain?
Examining the fee structure is crucial for any trading platform. StormGain employs flat fees for both takers and makers, charging 0.25%.
Does Stormgain offer leverage trading?
The minimum leverage for all available cryptocurrencies is 5. The maximum depends on the trading instrument, ranging between 50 and 300. The leverage can be changed in increments of 1.
