Stormgain
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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.
When was Stormgain established?
EXCHANGE was founded in .
Where is Stormgain located?
Stormgain is based in Saint Vincent and the Grenadines.
What is the volume of Stormgain?
EXCHANGE has a trading volume of $ in the last 24 hours and $ in the last 7 days.
Is Stormgain safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Which coins can I buy through Stormgain?
You can buy the following tokens/coins on Stormgain:
What are the listed pairs on Stormgain?
You can trade the following tokens/coins on Stormgain:
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
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