Overview of Stormgain Mining Exchange

An innovative cryptocurrency trading exchange that is compatible with mobile devices and all browsers. Stormgain’s arsenal includes a variety of investment tools with support for five trading strategies. The extensive options increase the chance of capital appreciation while reducing the overall risk of profit loss. The exchange has 11 tokens and coins forming 20 pairs. New users can test the trading terminal and crypto trading thanks to the demo version.

History

Seychelles-based management company StormGain Limited launched the cryptocurrency exchange in 2019.

Terms and conditions

Stormgain’s registration ban only applies to US nationals.

The amount of commission depends on the type of cryptocurrency and the type of transaction:

• Trading is subject to a fee: 0.0042% to 0.014%.
• Exchange requires a fee of: 0.095% – 0.25%.
• Transaction fee for Market and Stop Limit orders: 0.095% – 0.25%.
• Deposits are made on payment of a network fee.
• Withdrawal of funds requires the payment of fixed fees and additional charges.

Spot Trading

Combines classic spot trading with instant swaps. All the action takes place in two sections: “Quick Swap” and “Advanced”.

Margin

Available on the derivatives market only. Allows the use of leverage with multiples of x5 to x500.

Futures Derivatives

Futures contracts are entered into with investors assuming the risk of possible price fluctuations. Among the 55 futures are cryptocurrency contracts with pairs of decentralised assets.

Options

Contracts between the buyer and the seller to execute trades on previously agreed terms. This serves as a guarantee that the cryptocurrencies will only be received in the accounts of the parties to the transaction once it has been executed.

Commodities

The platform allows trading in two types of metals – tokenised gold and silver. Assets with the tickers XAUt and XAGt have tangible collateral, but represent contracts for certain metals, without operating on their own.

Earnings Opportunities

The platform is suitable for spot exchange, derivatives trading and margin trading. No other earning possibilities are available as of today.

Account replenishment

Two deposit methods are allowed: using a cryptocurrency number or by scanning a QR code.

With 11 trading accounts, according to the number of virtual assets, deposits on Stormgain are available in 11 cryptocurrencies.

There is a limit on the minimum deposit amount, which is shown in the table.

Withdrawal

There are no restrictions or fees for depositing and withdrawing crypto funds. There are fees only for cashing out accounts.

Security

Investments in your trading account are secure due to two main aspects:

1. the security of the crypto platform.
2. Possibility to manage the account settings. Some account details are allowed to be changed to increase security and prevent hacking.