StormGain is a cryptocurrency exchange and leverage broker platform based in the U.K. The platform, which was founded in 2019, has over 120,000 users. The exchange is a member of the Financial Commission’s Blockchain Association.
StormGain was an official sleeve partner of the popular UK football club Newcastle United, for the 2019/2020 season. And now, beginning with the 2020/2021 season, a long-term partnership with the Serie A team SS Lazio.
This platform is incredibly easy and user-friendly, with a variety of new tools and a large number of altcoins to trade with. Apart from trading, StormGain has expanded its service offering to include a cloud mining tool, which allows customers to mine bitcoin without the need for expensive equipment.
What Is the Process of StormGain Miner?
StormGain offers this miner feature as a free tool to users that sign up for their platform. Simply install the application and click the Activate button to begin mining your Bitcoin. So there is no worrying about your devices’ electricity bills, cooling, maintenance, and battery life.StormGain’s cloud mining, unlike other miners, is completely free, making it excellent for beginners.
You also don’t have to sign long-term contracts with StormGain to mine cryptocurrency. You simply run the app when you want it, whenever you want it. The more crypto you trade on the exchange, the higher your chances of earning free Bitcoin through the cloud miner.
How Do I Get Started with StormGain Miner?
To begin using StormGain miner, you must first register on the official website. Only your email address and a password are required for registration. You will next be required to verify your account by clicking on a link sent to your email address.
After you’ve created your account, go to the Bitcoin miner tab. You’ll notice a large green button labeled “Activate.” Wait 4 hours after clicking the button to view your mining reward. Repeat these steps until you have reached the minimum withdrawal amount.
Demo Account: One very useful feature on StormGain is the free practice account. This will allow you to trade cryptocurrency under real market conditions using virtual currency. It’s a great way to learn how to trade. And you won’t risk any real money! If you’re new to trading make sure you start with a demo account.
StormGain offers a complete demo account that is free to create and just takes a few seconds to set up. The demo account allows you to practice trading on the site for $50,000. This is a fantastic beginner tool for trial and error since it allows you to use any function on the site as if you were spending real money. The platform will allow beginners to test everything at no cost. You can always switch from demo to real account by tapping “Demo Account”
Trading
In addition to mining, the StormGain platform allows you to exchange multiple cryptocurrencies.Like most crypto exchanges out there, StormGain designed their own platform that features limit orders, like stop-loss and take-profit orders, as well as other useful tools.
StormGain also offers margin trading on the platform.StormGain offers up to 500x leverage only for the BTC/USDT pair, while all other coins on StormGain have a maximum leverage of 50x.It’s important to note that, in margin trading, the limit profit and loss selections are extremely important. You will lose your money very fast if you use a high multiplier and the trade starts to go the wrong way. Only use leverage with the limit loss feature because it will stop your losses and close your trades, protecting you from full liquidation.
Features
Market (Now) — market orders are those that execute immediately at the current market price. Market orders are the default on the trading platform
Limit (at the price) — limit orders indicate that if the asset’s price drops to x, you should buy/sell z quantity of the asset. Limit orders can have lower fees, but they usually take a long time to complete.
Stop Loss
Limit Profit
The remaining two order types allow you to minimize a trade’s loss or ensure a profit if it is going in your favor.
Auto Increase — When your trade’s loss exceeds 50%, an extra 50% of your trade amount will be automatically invested to keep the trade open. I suggest that you do not touch this for the time being. This is a very risky feature; unless you fully understand the market and are willing to take the risk, you should avoid it.
How to Trade on StormGain
Make cryptocurrency trading decisions based on StormGain’s trading signals. To use a signal, simply click or tap the cryptocurrency you want. A trade window will then open. After that, click or tap the corresponding signal button. If you want to use the signal to open a trade or make modifications to its default parameters, click “Use signal”. A dialogue window will open.
You can change your investment amount or leverage by clicking or tapping the corresponding tab in StormGain.
Your Take Profit and Stop Loss levels will automatically recalculate based on the input trade parameters.
Each Buy or Sell signal has two main indicators, profitability, and probability, to help you make sound decisions.
Each trading signal has default parameters for Stop Loss (close trade at X loss) and Take Profit (close trade at X profit) available for optional use.
Trading signals are automatically corrected based on the asset’s current price.
How to manage risks using crypto trading signals
To manage risk using crypto trading signals, make a Stop Loss order for each open position. You can do this in the confirmation area when opening a position by selecting the Stop Loss option.
You can also make a Stop Loss order for positions that have already been opened. Set Stop Loss orders in USDT and the cryptocurrency price. You can make the Stop Loss order a fixed part of the initial investment amount. For example, you can set ranges between 5%-10%-15%-20% and beyond. By doing this, you can manage risk in all of your trades.
The probability required to reach a profitable signal is about 65%-75%, depending on the cryptocurrency market situation and the specific cryptocurrency. The signals are generated through technical analysis. So, if you want to take profit, please choose the signals that display a higher probability.
Use the following steps to trade on StormGain with a multiplier:
1. You have to either Deposit into your account or Withdraw from the miner to start trading. There are no conditions for Mining. The mining feature is completely free But
You cannot withdraw your mined USDT to any 3rd party wallet. You have to use it to trade in the Stormgain platform. But the profit you gain from the trade can be withdrawn to any other wallet you have.
3. Monitor trade
‘My open trades‘ section is the place from where you can monitor the status of your live trade on StormGain. This nice feature also allows you to see your current profit/loss on the trade and see details on when you opened it.
4. Close the trade
Closing a trade is pretty simple. All you have to do is go to the ‘My open trades‘ section, hover over the trade, and click ‘CLOSE OUT‘. A box will pop up asking you to confirm that you would like to close the trade. If you want to continue to close, click ‘Yes, close‘, and if you don’t want to anymore, click ‘Cancel’.
Besides trading, you can also perform instant crypto swaps using an instant exchange. With this feature, you get to change one altcoin to another seamlessly without going through swap platforms.
StormGain also has a multi-currency wallet. The wallet is safe and includes two-factor authentication and security encryption. The platform offers an incentive to all users who hold their currency in the wallet. You can earn up to 12 percent interest on your funds by simply having them in the wallet without even trading. You can then withdraw the accumulated interest after 30 days in the form of USDT.
StormGain also has a loyalty program for investors and traders, offering a range of benefits. There are a total of 5 tiers:
The trading volume required might seem extremely high. However, these are so-called nominal trading value requirements which means you have to calculate leverage in it.
Benefits include varying exchange commissions, trading commission, and mining speeds discounts depending upon deposits and trading ranging from 5% all the way up to 20% from gold status and above.
One more great thing about StormGain is the fact that they offer a mobile app for both IOS & Android (Google Play Devices), which has all the main features of the web platform, all compressed into a well-designed and fast mobile-ready application.
StormGain is a genuine platform that has transparency and a range of in-exchange security features. The platform has an average rating of (4.2/5) on Google Play and4.3/5 on Trustpilot.
The exchange also has great direct account security features, including 2-factor authentication for both SMS and Google Authenticator to maximize the security of your funds as well as data encryption and cold fund storage for StormGain’s built-in crypto wallets, which is great for long term investors
StormGain also offers 24/7 support to its customers. They claim to resolve all problems as soon as they are reported.
Visit the Official Page
Please keep this in mind
- Always set STOP LOSS. Even if We fail in the beginning. We must not lose hope and keep trying again. Let us not be greedy. and be extremely careful. It is preferable to acquire a small bit of return than to lose everything.
- Have patience. you might lose 10% on each trade, but might take a few days or even a week to recover it.
- Do not gamble with the trading market. If we do not close the market we still got a chance to break even, but this right causes us to lose 100% capital especially if our leverage is very high.
- Always follow the trade criteria, always trade based on entry criteria like charting, volume, leverage, or social media popular pair.
