Stormgain Review : Is Stormgain legit or scam? Should we trust the platform the answer is yes. They are reliable and legit. However we recommend aiprofit.us is one of the best crypto mining platform in 2023. However read idmining reviews
StormGain is an “all-in-one” cryptocurrency platform that operates a cloud mining service alongside an advanced cryptocurrency exchange. The company was founded fairly recently in 2019 with the goal of creating an all-encompassing experience for investors and miners of moderate to advanced skill levels. Users can trade derivatives with leverage of up to 500x, with support for popular digital currencies and several tokenized assets. The platform is ideal for experienced crypto traders wanting to dabble in margin trading alongside cloud mining.
StormGain’s cloud mining service is unique compared to nearly all others on the market. Investors can only purchase hashing power proportionally to their trading volume. This is quite different from other cloud mining services where users pay a subscription fee to lease resources.
Those creating a StormGain account just for the BTC cloud mining pool can earn up to $0.26 per day (paid out in BTC). Users need $10 in rewards to make a withdrawal, so it will take approximately ~2 months for non-traders to access their earnings. This is made even more convoluted as investors must continue re-activating the miner tool on their account to continue “mining”. The highest tier, which requires a huge $75 million in trading volume, can earn approximately $276 worth of BTC per day.
Although StormGain is an extremely slow burn with very low-profit rates, there are some positives. It is simple to get started – new users just need to create an account, deposit money to the exchange, and activate the miner (by pressing a big green button). Additionally, there are no fees for participating in StormGain’s mining product, as the company makes its revenue from transaction fees on the exchange. However, serious miners without much margin trading experience should consider an alternative platform.
How Does StormGain Review Miner Work?
StormGain offers this miner app as a free tool for the users that register on their crypto trading platform. You can mine your crypto by simply installing the app and clicking on the run the miner button. So there is no worrying about your devices’ electricity bills, cooling, maintenance, and battery life. Unlike other miners, StormGain’s cloud mining is free, making it ideal for beginners.
You also don’t have to enter into long-term commitments to mine cryptocurrency with StormGain. You just run the app when on-demand, whenever you choose to do it.
So what is the catch? Why would Stormgain let you earn bitcoins by using their resources without paying for anything?
Well, it is an incentive for users to register and trade on their crypto trading platform as that is the main goal of all crypto traders.
To mine on the StormGain platform, you need to have a high trading volume. The more crypto you trade on the exchange, the higher your chances of earning free Bitcoin through the cloud miner. If you use the StormGain application often, you also stand a high probability of mining free crypto.
So, it is kind of an acquisition avenue for StormGain as their power-users can get some of the paid fees back through this miner app.
Noteworthy, StormGain cloud mining also has a multi-currency wallet that can store up to 6 coins. The wallet is safe and includes two-factor authentication and security encryption. You can quickly download the wallet on the official website and complete a registration form. Please note that this is a custodial, online wallet that is not recommended for long-term
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 review also has a demo account that allows users to experiment without making any deposits. The platform will enable beginners to test everything without incurring any costs.
It’s also important to note that you can top up your account using credit cards like Visa and MasterCard. A flat fee of 5 percent applies for all purchases you make using a credit card or debit card.
StormGain review is certainly an interesting crypto service provider. It covers wallets, exchange services, trading, as well as cloud mining, and deposits. The 12 percent annual interest on crypto deposits is a unique feature that makes the operation stand out.
Other than that, the broker features a solid trading platform, a decent selection of tradable crypto-assets, and good support.
The regulatory profile of the broker is unclear at this point. However if you are having trouble to invest with storm gain go for Aiprofit.us is reliable.
The crypto mining feature is an interesting touch, but traders should not expect to generate significant profits through it. Read bt-miner review for more information