StormGain and Binance have been two of the most renowned names growing at a much higher pace recently, and with the features they come, it is pretty challenging to choose one among them.
But don’t worry, I am here to help you with that. I will tell you everything you would need to know about these platforms that will help you clear the dilemma between them.
So, without further delay, let’s begin with some background about these platforms.
StormGain is among the most recent significant exchanges; it was founded mid-2019, registered in Seychelles and headquartered in London, England. How it has grown in the market in such a short period is phenomenal.
With an average daily trading volume of over $750 million, StormGain is a promising cryptocurrency exchange. It has been mentioned on countless renowned mainstream news websites and nominated as an emerging fintech start-up. It is also a member of the Blockchain Association of the Financial Commission.
StormGain offers a 50,000 USDT funded free demo account to practice trading using real market data without any risks.
…. read our dedicated review of Stormgain exchange
Binance, on the other hand, is currently the largest cryptocurrency exchange in the world by trading volume. With a 24h trading volume of over a whopping $2 billion, Binance is an enormous exchange of the cryptoverse.
Its secure, fast and elegant trading ecosystem makes it among the most popular cryptocurrency exchanges in the world, with millions of users executing more than 1 million transactions per second efficiently.
…. read our dedicated review of Binance exchange
StormGain vs Binance: Supported Cryptocurrencies
StormGain allows you to trade in leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), ZCash (ZEC), DASH, DAI, Ripple (XRP), Stellar Lumens (XLM) and Bitcoin Cash (BCH) and two stablecoin Tether (USDT) and USDC in regular exchange trading.
When it comes to Binance, it offers more than 350 cryptocurrencies and over 50 trading pairs on variable blockchain networks. Its collection includes major cryptocurrencies like:
- Dash (DASH)
- Cosmos (ATOM)
- Compound (COMP)
- Solana (SOL)
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Cardano (ADA)
Verdict: Binance offers far more cryptocurrencies than StormGain, making it the winner in this segment.
StormGain vs Binance: Product Offerings
StormGain offers a wide range of products to fit variable trading strategies; these are:
- Over-the-Counter Crypto Trading
- Leverage Trading
- Multi-Currency Crypto Wallet
- Options Trading
- Crypto Indices
It offers floating leverage of up to 500X on the BTC/USDT pair and 100X leverage on LTC/USDT, BCH/USDT, ETH/USDT, XAU/USDT, XAG/USDT, and three different crypto indices.
For the other trading pairs, it offers up to 50X leverage. StormGain puts minimum leverage of 5X on all trading pairs.
Binance, on the other hand, has one of the broadest product offerings in the cryptosphere. Let’s look at what these are:
- Futures Trading
- Margin Trading
- Options Trading
- Crypto Spot Trading
- Binance Savings
- Binance Launchpad
- Shorting Cryptos Like ETH & BTC
Binance allows you to use your crypto assets as collateral to borrow money. You can borrow up to 10X of your assets, and assets with a value of more than 2X of your total debt can be transferred.
Depending on the crypto exchange you trade on, you can borrow up to 100 times your account balance while trading crypto futures on this platform.
Verdict: Binance offers more products than StormGain. However, they provide some variable options, so it is mostly about your need, and which you will opt for.
StormGain vs Binance: Order Types
Both StormGain and Binance come with standard order types giving you an optimized trading experience on their platforms. These are:
- Market Order
- Limit Order
- Stop-Limit Order
- Market Order
- Limit Order
- Stop-Limit Order
- Trailing Stop Order
- One-Cancels-the Other (OCO) Order
Verdict: Binance offers more options regarding ordering types, making it the winner.
StormGain vs Binance: Fees Comparison
- Trading Fees
StormGain’s fee structure follows a flat-fee pricing model; when it comes to trading fees, there is zero commission for OTC trading. However, a profit share of 10% is taken only from profitable trades.
- Debit/Credit Cards deposit commissions
The platform charges 5% as deposit commission when you deposit funds via your debit/credit card. The maximum deposit amount depends on the currency you deposit in.
- Crypto deposits/withdrawals
There is no deposit fee when you deposit funds in crypto. However, when withdrawing, a fee is charged depending upon the currency. There is an additional fee of 0.1% charged on each withdrawal.
- Trading Fees
Binance charges a standard fee of 0.1% if you don’t use BNB tokens. If you hold BNB tokens in your account, your trading fees will be automatically subtracted from your BNB balance, and you get a 25% discount on the overall trading fees.
- Deposit/ Withdrawal Fees
There are no deposit fees charged for crypto deposits. Withdrawal fees on Binance are dynamic and are automatically adjusted as per the market’s status. For current withdrawal fees, please click Fee Schedule.
StormGain vs Binance: Account Funding Methods
On StormGain, you can fund your account using 2 simple methods:
- Method 1: Directly deposit from an existing crypto wallet.
- Method 2: Through your credit card using the SIMPLEX service.
Funding can be done quickly by just going to the wallet section and selecting the desired cryptocurrency. Then select the ‘Get’ option and next select the preferred method of funding using the ‘address’, QR code or credit card.
On the other hand, Binance offers a broad range of funding methods, which can be categorized into two methods, these are:
- Method 1: Via bank account, which supports ACH transfer, Wire transfer or Debit cards.
- Method 2: Direct funding through crypto, linking your crypto wallet from other exchanges, crypto conversion, or buy/sell crypto options.
StormGain vs Binance: Trading Platform Comparison
StormGain has a unique, powerful yet subtle interface with a minimalistic design that removes the noise and makes it easy to trade in different markets. It contains four windows, which are:
- Technical Analysis Charts
- Order Book
- Recent Trade Widgets
- Order Form
This makes it easy, especially for beginners, to start trading, where you need to just select your trading pair and then click ‘Open Order’.
Additionally, you can place multiple order types: market order, limit order, stop loss and take profit order. The platform also offers customizable layouts, technical indicators, and trading tools for advanced technical studies.
For your convenience, it has categorized different indicators by trends, oscillators, and volatility. Additional, it also features a professional chart, where you can select bar, line, as well as candle chart types for viewing and choose from 9 different time-frames ranging from 1 min to 1 month for a comprehensive analysis.
It also provides a sentiment meter that shows the sentiment of a particular trading pair based on active trades. It helps determine market sentiment and price trends and place a long or short trade accordingly.
Binance offers a professional-grade trading system used by many institutional traders worldwide.
There are three trading platform levels to choose from:
- OTC (for peer-to-peer trading).
This makes it ideal for all traders, from beginners to professionals. The Binance team does a great job in keeping the platform intuitive and user-friendly despite having so many features and functionalities.
Binance also implements a TradingView charting system, which includes multiple order types, multi-timeframe analysis, various chart types and several indicators.
This exchange also has a mobile app that provides a seamless trading experience on the go.
StormGain vs Binance: Account Types
On StormGain, KYC is mandatory; there are just two types of accounts. One is a Real Account, and the other is Demo Account. To be eligible to trade on StormGain, you must submit your identification details and get verified by the exchange.
However, you can also opt for anonymous trading, with no KYC documentation but limited access and withdrawal.
Usually, the KYC procedure on StormGain consists of providing personal data, such as:
- Full name
- Day of birth
- ID or passport scan
There are three different levels of account types based on your verification level. These are:
At this level, you need to provide basic information like your email, address and password. This gives you these benefits:
- Max 2 BTC withdrawal per day.
- USD 300-lifetime crypto purchase as well as fiat deposit limits.
- USD 300-lifetime fiat withdrawal.
Under this level, users need to provide basic verification information, government ID and facial verification. You can enjoy the following benefits:
- Max 100 BTC withdrawal per day.
- Perks like Binance Card, OTC, and P2P.
- USD 50,000 daily crypto purchases as well as fiat deposits.
- USD 50,000 daily fiat withdrawal.
For advanced verification, users must provide intermediate verification information and proof of address. This verification process takes ten days and once verified, you can enjoy the following benefits:
- USD 200,000 daily crypto purchases and fiat deposits
- USD 200,000 daily fiat withdrawals
- No BTC withdrawal limits
- Perks like Binance Card, OTC, and P2P
StormGain vs Binance: How to get started?
To get started on StormGain, follow these steps:
- Click “Create an account” in the top right corner of the website.
- Enter your valid email, phone number, and password, and then accept the terms and conditions, then confirm that you are not a US citizen.
- Click the ‘Register’ button, and then your account registration process completes. Then, a verification link will be sent to your registered email address, click to verify your account.
- Click on ‘Deposit’ under the ‘My Wallet’ section present on the right of the screen.
- Select the minimum deposit amount (50 USDT) and verify your email as well as the phone number to make your first Deposit.
Once your wallet is funded, you can begin trading immediately.
…use our StormGain Promo Code to get $25 Deposit Bonus
Binance also requires similar steps to open and register an account to deposit on its platform. Let me tell you how to do it.
- Register yourself by entering your email or phone number and enter a secure password.
- Now you need to be verified to unlock your account’s fiat deposit and withdrawal accessibility. Just provide your basic identification documents and upload a selfie.
- On your desktop, go to Buy crypto, then select Card Deposit. On the app, go to Wallets, then under Overview, tap Deposit.
- Select one of the Binance-supported fiat currencies, then select Bank Card under the payment options.
- Enter the amount of fiat currency that you want to deposit. Select your preferred credit or debit card or even enter a new one, then confirm the transaction once prompted.
StormGain vs Binance: Customer Support
StormGain has 24×7 online customer support via email with a pretty quick response time. It also offers video tutorials and a knowledge base where you can learn more about the platform’s features and find all the common issues they face.
Binance offers 24×7 customer support over live chat, Facebook, Twitter, Reddit, Weibo, Instagram, Telegram, VK, and YouTube. It also has a huge community and provides support docs.
StormGain vs Binance: Security Features
Security on StormGain is undoubtedly impenetrable. It is integrated with all the industry’s best security features. Equipped with systems like SSL encryption, PCI-DSS and GDPR compliance, Real-time monitoring, quarterly security audit and two-factor authentication, which makes the platform a fortress.
Binance is also equipped with top-of-the-line, military-grade security features like a cold wallet storage system for most of your funds, withdrawal authorization, two-factor authentication, Binance Insurance Fund & Secure Asset Fund for Users (SAFU).
- Is StormGain safe?
StormGain is not only a safe, and legit crypto trading platform but has the most user-friendly trading platform for both advanced and beginner traders.
- Is Binance safe?
Yes, Binance is undoubtedly a safe platform. With the global presence it has and the security it provides, as well as the insurance offered, it is for sure that the exchange is not going anywhere, and your funds are completely safe with them.
Both StormGain and Binance are pretty similar. StormGain is an all-in-one platform that offers deposit bonuses as well as is a great tool for crypto cloud mining and OTC trading.
But StormGain has limited crypto and product offerings which you will be getting on Binance.
Both the platforms are fantastic tools for crypto trading, choosing one among them is purely a matter of taste and need.
As I have told you everything you would need to start trading on these platforms, you can now decide which platform would fit your trading strategy and need.
You can go for any of the two; both are trustworthy and fantastic tools for profitability. So without further thought, start your trading journey with these platforms and skyrocket your profits like never befor
Some more suggested options to explore & compare !!