What is Stormgain and what does it offer?
Stormgain is actually a cryptocurrency trading platform that you can use to trade various cryptocurrencies. But, it also has a mining feature that will allow you to earn crypto for free.
Whether it is worth it or not depends on several different things and the best way to find the answer for YOU is to first look at the earning opportunities it offers. That way, you’ll understand what you need to do to earn.
So, here’s how to earn from Stormgain.
Option 1 – Mining
The primary way of earning from Stormgain for free is by mining. The good thing about mining in Stormgain is you don’t have to invest in any special hardware to mine. All you really need to do is log in to their website and click the “Activate” button to start mining.
This kind of earning opportunity is in some ways similar to another cloud-based mining platform called Pi Network.
However, with Stormgain, you’ll have to activate the mining several times a day whereas for Pi Network, you only have to activate it once a day.
The cryptocurrency Stormgain will be mining will be Bitcoin. As a member of Stormgain, you will mine Bitcoins at a specific starting rate. You can increase your mining rate by having a certain activity (which I will talk about later).
After four hours, Stormgain will stop mining and you will need to press the Activate button again to continue the mining process. You can close the browser while it is mining. So, it won’t actually consume any computer resources, which is really its main advantage, in my opinion.
The downside is, you will have to keep logging in to their site every four hours if you want to maximize your earnings. As you can see, that’s how easy it is to earn crypto on Stormgain. You can do it at a touch of a button.
Option 2 – Referral program
Another way to earn from Stormgain is to participate in their referral program. If you are a member of Get-Paid-To or even survey sites, then this opportunity will be very familiar because this can be usually found on these sites.
But if you are new to this kind of earning opportunity, then let me explain how it works.
What you need to do to earn from a referral program is to invite other people to join the site. You do this by sharing your invite link with the person you want to invite.
When they click the link and they register as a member of Stormgain, they will become your referral. And as a way of compensating you for taking the time to promote the site (which is really the purpose of referral programs), Stormgain will reward you with 15% of the cryptocurrency they will withdraw.
But the good thing is, that your referral will also receive 3 USDT for registering using your link. So, it’s a win-win situation for both parties, which is the hallmark of a good referral program, in my opinion.
You just need to make sure that the people you invite are really interested in the site because you won’t earn anything if your referrals won’t mine.
Option 3 – Free trading
This earning opportunity is a bit unique because it will involve trading cryptocurrency. So, there’s some kind of risk involved.
That’s why it is important to learn how to do it properly. To do that, I would recommend you watch the video below.
To summarize what the video will tell you, you can use the Bitcoin you’ve mined and trade it using their trading platform. Just be aware that it can take some time to reach the amount you need to withdraw your earnings from mining (you need to earn at least 10 USDT to withdraw your earnings).
When you’ve withdrawn your earnings, you have to choose a trading coin pair. Then, you have to invest a certain amount in cryptocurrency. The important thing to remember when trading is, that you have to make sure you only use your “bonus money” so you won’t actually lose any money that you can withdraw.
The idea when trading is to take out your money when you’ve earned enough profit. The good thing about Stormgain trading is that you will always see if your trades are gaining profit or now. So, you’ll be able to know when the best time is to stop the trade and take out your profit.
This can take a bit of getting used to, so if you are interested in this kind of earning opportunity, I highly recommend you watch the video above.
Recommended: Check Out the Top Sites to Earn Free Bitcoin
How do you get paid?
As explained above, when you mine on Stormgain, you will actually be mining cryptocurrency. And that means you will need a crypto wallet. So, if you don’t have one yet, I would recommend you create one first before you sign up for Stormgain.
Now, the thing you need to keep in mind when withdrawing cryptocurrency from Stormgain is, that they have high gas fees for most of the cryptocurrencies. That’s why I would highly recommend that you don’t convert your USDT to any cryptocurrency except XLM (Stellar Lumens). That’s because the gas fee for withdrawing XLM will be very low.
Just remember that in order to withdraw XLM to any crypto wallet that supports it, you will need to earn at least 170 XLM. The real-world money equivalent will vary (at the time of writing this review, 1 XLM is equivalent to $0.293938). That means you’ll have to earn around $50 to withdraw your earnings, which is quite a high threshold, in my opinion.
So, you’ll need to be very patient with this site because it can take a while before you will be able to earn enough to withdraw your earnings. If you prefer sites that will allow you to withdraw your earnings quickly.
ot withdraw the earnings you get from mining directly. The mining earnings can only be used for trading but the profit you potentially make by trading can then be withdrawn. I also show this step-by-step in the video above.
But overall, their payment system is a bit complicated and can take a bit of getting used to especially if this is your first time dabbling with cryptocurrency.
How much money can you make?
The amount you can earn from Stormgain will mostly depend on how willing you are to keep logging in to their site and hitting the Activate button every four hours. If you are able to do that on a regular basis, you can earn a decent amount of Bitcoin.
It’s not something that will make you rich, but it can be a decent intro to the world of cryptocurrency. And best of all it’s free.
As I’ve mentioned earlier, you will start at a low mining speed when you sign up as a member. But you can actually mine more by investing real money on the site. You can increase your membership level by depositing a certain amount into your account, as you can see in the photo shown above.
You will need to deposit a minimum of 150,000 USDT in order to upgrade your standard account to a higher level and therefore gain a higher mining rate. Now, 150,000 USDT isn’t a small amount. In fact, it’s a very large amount if you convert it to US dollars (around $150,000).
So, this method isn’t really a practical way to increase your earnings from mining. Especially not because Stormgain as a trading platform is quite limited so if you have that kind of money to invest, there are just better places to invest it, in my opinion
That’s why I would highly suggest you just stick to their standard membership.
This also means that the earning potential of Stormgain is really very low. It will take quite some time before you can actually accumulate a decent amount of Bitcoin.
Can you use it on mobile?
The good thing about Stormgain is, that it has a mobile app you can download so you don’t have to go to your computer every four hours just to press the “Activate” button. You can simply do it on your mobile device.
Their app is available for both Android and iOS devices, so you won’t have any problems with compatibility. It is also relatively easy to use, so you’ll get used to navigating it quickly.
As I’ve said, having an app can help you maximize your earnings because you can just hit the Activate button every four hours regardless of where you are.
Who can join Stormgain?
Another good thing about Stormgain is, it is available more or less worldwide. So, you can register as a member anywhere in the world.
Just keep in mind that there are some countries where there are crypto restrictions, so then you might not be able to join.
You will need to provide your mobile number to sign-up. After you’ve registered, you will have to log in to their member dashboard and complete your registration by verifying your email and phone number.
To do so, you need to get to your profile and account settings. When you verify your email, they will send an email with the verification link. Just click the link to complete the verification process. For verifying your phone number, they will send an SMS with the verification code.
You have to type in the code before it will expire (you will have one minute to do this). When you’ve done both things, you can now fully utilize all the features of Stormgain.
And if you’ve registered to the site using a referral link, you will also receive 3 USDT as a sign-up bonus (see one at the end of this review).
Can you get support?
If you have any questions about your account or the site in general, you can go to their support page and you will see a comprehensive collection of FAQs in their Knowledge Base. But if you can’t find the answers you are looking for, you can contact their support team.
There is a “Contact Us” button in the upper right-hand corner of their support page. When you click that, it will take you to their contact form. You just have to fill out all the fields and then submit it.
However, I have several times tried to get in contact with their support and it seems random when they answer and when they do not. And the answers I have gotten have not been very helpful.
Overall, the support on Stormgain is below standard and a big minus of the platform. And this is a part of why it is not a platform I recommend – but more importantly, I find it very risky and have actually lost my earnings there myself, as I will explain more about next.
Stormgain warning – how they took my earnings!
Overall, since I started using Stormgain, I was critical towards it as I think the trading system it offers is risky and think many beginners can end up losing a lot of money using it.
But if just using the free strategy I have shared above, I thought it would be a decent option for quite a while.
However, then suddenly one day after I had tried withdrawing $200 I had made from trading, my account got banned for no reason.
I was just told I got banned for having more than one account, which is not true.
That means I lost both the earnings I had made from trading and the hundreds of bonus dollars I had made from the mining.
And there has been no way for me to contact their support.
I was already critical of the platform before, but now it has become clear to me that it is a platform I highly recommend staying away from.
There are so many disadvantages and risks of using the platform compared to many other ways to earn crypto, in my opinion and experience.
I, however, just want to make it clear that I am not saying Stormgain is a scam as I have been paid by it in the past. But as it is now, I have lost whatever I have spent a lot of time earning there and overall the whole platform, the support, and the trading system is one of the worst I have tried out of all the hundreds of ways to make money online I have tested.
If you want to know more about this ban and what happened, you can check out the video below that gives you an inside look of my account and where I show the correspondence I have had with their support:
Final Verdict
Stormgain is a crypto trading platform that also offers an opportunity for you to earn cryptocurrency by mining. It has a couple of good features, but it also has some limitations you need to consider.
Let me wrap up this review by summarizing its pros and cons so you can see an overview of what the site has to offer. Then, you can decide if this is a good fit for you or not.
Pros:
- Mining cryptocurrency won’t use any of your device’s resources
- Their app is user-friendly
- Available more or less globally
Cons:
- Limited earning opportunities offered
- Low mining rate
- High payout threshold
- High withdrawal fees
- Poor support
- Risky trading system
In my opinion, Stormgain is a platform to stay away from. I sued to think it could be a decent option as long as you just did not invest any money on the platform but just used the free mining option to earn and trade.
However, as you can see above, I have had some very bad experiences with Stormgain recently.
Overall, it is therefore a platform I would recommend staying away from. Their terms are unclear, the trading system is risky and limited, the fees are ridiculously high, and it has extremely poor support.
For these reasons, if you want to earn crypto online, you should definitely use other methods instead, in my opinion.
0 Comments