In this week’s project review, we focus on one of the fastest-growing cryptocurrency exchange, StormGain, which provides traders with industry-high multipliers, liquidity, competitive fees, and a user-friendly platform.
Interest in crypto trading is heating up as regulation, development, and awareness in favor of crypto projects grows across the world. This is leading to a scramble amongst exchanges in a bid to get a hold of these new customers and keep them on the exchange. One of the key elements in crypto trading is margin, which is a major selling point for industry-leading.
Leverage trading on some of the exchanges is too expensive, or too complicated to use or the exchange is not liquid enough. Moreover, wild price fluctuations are a growing catastrophe to users’ trades causing massive liquidations on leveraged crypto exchange platforms.
Challenges in the crypto margin trading field
Over the years, however, the crypto margin trading field has (and continues to) face these and more challenges that StormGain aims to solve. StormGain sets itself apart from most exchanges offering users unique features to improve the user experience on its platform. Low fees, a user-friendly trading interface, best leveraging rates and vast options to purchase crypto are some of the competitive advantages the exchange offers.
In this article, we dwell on StormGain’s unique capabilities and features, how to buy, sell, and trade crypto on the exchange, and how to gain the most from its high leveraged platform.
StormGain.com: The power of leveraged trading
According to the official website, StormGain is a convenient crypto trading platform serving over 120,000+ users and is available in over 100 countries. The exchange launched in July 2019 and is led by the CEO and Chief operating officer at XCOEX, Alex Althausen.
The exchange offers trading, buying, selling, and holding of the top cryptocurrency pairs including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP and Tether (USDT).
More importantly, the exchange offers a highly liquid exchange and industry-high leverage with a multiplier of up to 200x.
Leverage is the ability to trade a large position with only a small amount of trading capital. For example, a 200x multiplier on $1000 trading capital allows trading of $200,000 increasing the profit margins.
Remember: High leverage trading is highly risky. Observe caution while dealing with highly leveraged trades.
What more is offered?
· Fiat deposits and withdrawals
StormGain exchange allows up to $20,000 USD in deposits with a minimum of $50 set. The commission fee on fiat deposits is set at 5% with crypto withdrawals at 0.1%.
· Multiple fiat purchase options
The platform allows users to purchase cryptocurrency directly using fiat currency using their VISA and MasterCard debit cards and Simplex, a payment service provider. Furthermore, StormGain offers up to 15% in discounts on each deposit and also offers commissions on trading and exchange services.
· Competitive fees
Fees on the exchange range between 0.095% and 0.25% on each exchange made depending on the pairs of cryptocurrencies selected.
A strong competitive advantage
With the influx of crypto exchanges offering margin trades and the challenges that come with it (explained above), StormGain’s platform is built with a keen eye to solve these problems. Here are some of the competitive features the exchange offers.
As mentioned before, the exchange offers industry competitive multipliers to boost users’ returns on their trades. The minimum amount to trade is set at only 10 USDT (or its equivalent) making it possible for retail clients to take bigger positions.
A 10% interest
On the official website, StormGain promises an annual 10% interest on crypto holdings making the exchange one of the top-ranking platforms in this aspect.
Quick and seamless registration
The ballooning number of retail and institutional investors coming into the cryptocurrency space is a welcome sight. Moreover, KYC compliance is becoming a common feature on centralized crypto platforms which is a good thing for the industry. However, exchanges are losing customers by turning them away if you don’t fully comply with the requirements.
StormGain circumvents the complex requirements with users only needing an internet connection, email address and 50 USDT deposit to open an account.
How to register on StormGain.com
- Go to the official StormGain.com website.
- Click the “Register” button on the right top corner and enter your email address or phone number and a password to secure the account.
- Wait for a confirmation message from the exchange. Follow the instructions given.
- Deposit your funds (fiat or crypto) and start enjoying the benefits StormGain trading app offers.
- You Can also refer your friends and get bonus: https://stormgain.com/refer-a-friend
>>Find more on “How to Buy Crypto on StormGain.com” exchange.
Demo Account trading
If you are a learner in the field, the exchange offers a demo account topped up with up to 50,000 virtual USDT tokens to help the user kickoff their trading journey without risks.
Pushing for more…
Partnership with Newcastle
StormGain is quickly making a lasting name for itself with the exchange now advertised in the English Premier League (EPL) after securing a sleeve partnership with four times league champions, Newcastle United FC.
Loyalty bonus program
Are you a full-time trader and would like some rewards to carry out your everyday trades? StormGain offers up to 20% commissions in their “Loyalty Bonus Program” for their prime traders.
The program is levered in five layers; Standard, Gold, Platinum, Diamond, and VIP benefits. (See chart above).
Frequently asked questions (FAQs)
- Can I trade on StormGain using my phone or tablet?
Yes. StormGain is available on the iOS mobile app store and Android’s Play Store.
- How much leverage can I get?
The exchange allows a range of options from multiples of 50x to 200x.
As the world of cryptocurrency morphs into a globally adopted asset, exchanges such as StormGain.com are top in innovating easier on-ramp platforms and trading services. The company offers an advanced trading system including limit orders and AI-powered trade signals for its users.
One challenge that the exchange faces is its young nature in the field but with bigger launching two years earlier, the exchange offers a lot of promise to its users.