Is StormGain a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether StormGain is a good crypto exchange to start trading with. In this article you will learn whether StormGain is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker StormGain
The StormGain cryptocurrency exchange is a platform for cryptocurrency trading and exchange. Bitcoin, Tether, Dash, Monero, Tron, and dozens of other cryptocurrencies and tokens are traded on this exchange. The platform has its proprietary trading terminal, of which there are browser and mobile versions. StormGain offers a standard referral and loyalty program to improve trading terms. There is also an investment deposit program with a profit of up to 12% per annum. The platform provides basic training guides, and there is a high-quality support service operating twenty-four/seven. The Bitcoin mining function with its zero commissions is an important cryptocurrency exchange feature. The commission fee is charged only on successful trades in the amount of 10% of the trader's profit.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | USD 1 |
| ⚖️ Leverage: | 1:300 |
| 💱 Spread: | Market |
| 🔧 Instruments: | USDT, BTC, ETH cryptocurrencies, etc. |
| 💹 Margin Call / Stop Out: | No |
StormGain Pros and Cons
👍 Advantages of trading with StormGain:
•all major cryptocurrencies are traded and exchanged on the exchange;
•the website provides the user with a free cryptocurrency wallet;
•simple verification, intuitive interface;
•increased security for data and personal information;
•there are opportunities for passive earnings (deposit and mining);
•no trading commissions,
•fees are activated only on profitable trades;
•localization into the world’s main languages.
👎 Disadvantages of StormGain:
•there are no instruments with fiat funds on the cryptocurrency exchange;
•there is no hot way to store cryptocurrencies.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for StormGain Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. StormGain offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform |
| 📊 Accounts: | Standard and demo |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards (Visa, MasterCard), cryptocurrency wallets |
| 🚀 Minimum deposit: | USD 1 |
| ⚖️ Leverage: | 1:300 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | USDT, BTC, ETH cryptocurrencies, etc. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution, stop orders, limit orders |
| ⭐ Trading features: | Favorable trading terms, variety of cryptocurrencies, no fiats. There is an affiliate program, a deposit with annual interest, and mining. |
| 🎁 Contests and bonuses: | n/a |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of StormGain commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
StormGain only charges one type of commission to its users. The fee is 10% of the amount of your income for a successful trade. There are no commissions if the trade is unsuccessful. Swap sell and purchase depend on the asset, for example, the indicator is -0.070%/- 0.070% for LTC/BTC respectively. There are also commissions for exchange operations, the fee amount depends on the assets involved, For example, the minimum exchange amount is 0.00000001 BCH, and the site's fee is 0.25% - for BCH/BTC.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $0.1 | Yes |
Investment programs of StormGain
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. StormGain offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The StormGain cryptocurrency exchange offers two types of passive income. The deposit is the first one. Just store the cryptocurrency in your wallet to get annual interest. The earned interest depends on the trading volume. There are several trading levels:
Standard – 2%;
Gold (150,000 USDT) – 10%;
Platinum (750,000 USDT) – 11%;
Diamond (2,250,000 USDT) – 12%;
VIP (7,500,000 USDT) – 17%;
VIP 2 (15,000,000 USDT) – 20%;
VIP 3 (75,000,000 USDT) – 23%.
Activate the corresponding option in the personal account to get passive income from this program. No additional actions are required.
Bitcoin mining is the second option for passive earnings. You don’t need to install any hardware or software for this because the service allows you to mine using StormGain’s power. Initially, the mining speed for a newly registered user is х0.5. It can be increased to x233 at the highest trading level, which is VIP 3.
Thus, the website is not intended for you if you are just focused on investing. Hybrid terms for passive earnings programs shall be considered as a profitable extra income system for active cryptocurrency traders.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
StormGain’s affiliate programs
The StormGain cryptocurrency exchange offers a typical referral program. According to its terms, you will get a personal link after registration. The user who registers on the exchange using your link becomes your referral. You and your referral get the benefits from participating in the affiliate program as follows:
After registration, the referral will get a one-time payment in the amount of 3 USDT;
you will also get 15% of the funds withdrawn by the referral from mining.
The referral program is unlimited, and the number of referrals is not limited. Payments are made in USDT on the last day of the calendar month. All information on referrals and payments is provided in the "Invite a friend" tab in your personal account.
Conclusion. Is StormGain good for beginners?
The StormGain cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, StormGain could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.