StormGain is a crypto trading and mining platform launched in 2019. It supports the trading, buying, and selling of a variety of cryptocurrencies while also offering Bitcoin cloud mining for users who want to mine their own coins. StormGain also provides users with additional financial products, such as futures trading, staking, and even trading signals, which can be viewed as a risk management instrument designed to assist users in controlling when to buy or sell their digital assets. The company’s headquarters are located in London, UK, but it’s registered in the Seychelles and has users in various countries around the world.
Both StormGain and Zengo allow users to buy and trade a variety of digital assets, from popular crypto tokens like Bitcoin and Ethereum to various altcoins. Therefore, they share some fundamental similarities, but they also have notable differences. StormGain aims to offer an “all-in-one” crypto experience, with everything from advanced trading to Bitcoin cloud mining. Zengo, on the other hand, is more focused both in terms of design and purpose. It serves as a secure, non-custodial wallet equipped with cutting-edge technologies, like MPC and biometric authentication, to safeguard users’ digital investments. Furthermore, Zengo is Web3-ready, which means it allows users to interact with decentralized applications (Dapps) like Uniswap or OpenSea while staying safe thanks to Zengo’s Web3 firewall.
In order to withdraw funds from StormGain, you’ll have to pay a withdrawal fee. The withdrawal fees at StormGain vary depending on the type of cryptocurrency you wish to withdraw, along with other factors. You can see the exact fee on their dedicated fees and limits page.
StormGain also imposes limits for crypto withdrawals. The specific limits can vary from currency to currency, and you can check the limits for yourself when making a withdrawal.
Withdrawals on StormGain should all be processed in a matter of a few hours and a maximum of one business day. In some cases, withdrawals will need to be inspected and processed manually, which may cause them to take a little longer than the rest, but most will be dealt with very quickly.
When withdrawing crypto from StormGain, your withdrawal might unexpectedly get flagged for manual processing, which means that you might have to wait a full business day or even more for your funds to be transferred to your account. Plus, just like on other exchanges and platforms, there’s always a risk that you might enter the wrong address or details during the withdrawal process. Be sure to double-check all details before confirming your transfer.
StormGain does not yet support withdrawals of crypto to fiat currencies. Instead, it recommends users set up their separate crypto wallets and then move their funds over to those wallets before withdrawing to fiat. You can withdraw easily to fiat currencies like EUR, GBP, and USD by withdrawing crypto from StormGain to Zengo and then from Zengo to your bank account.
