StormGain and Bybit are industry leaders in crypto exchange offerings at affordable rates with impenetrable security. But choosing one among them is pretty confusing.
And that is why I am here to help you choose that ultimate platform that would fit your trading strategies, and you don’t have to compromise with safety and affordability.
So, without further delay, let’s begin with an overview of the two.
Intro: StormGain vs Bybit
Founded in mid-2019, StormGain is one of the most recently established significant exchanges in the cryptosphere. It is registered in Seychelles and headquartered in London, England.
With an average everyday trading volume of over $750 million, the growth it has experienced in such a short period is just phenomenal. It has been mentioned on many renowned mainstream news websites and nominated as an emerging fintech start-up.
The platform offers a 50,000 USDT funded free demo account and is a member of the Blockchain Association of the Financial Commission.
….read our detailed Stormgain review here.
On the other hand is Bybit, another admired name in the cryptoverse that caught the market’s eye as no other. This platform was launched in 2018, registered in the British Virgin Islands and headquartered in Singapore. The company aims its strong focus on compliance, security and product.
It has done a great job attracting more than 10 million users worldwide, building trust and innovation in its ecosystem to offer Futures & Spot trading products.
StormGain vs Bybit: Supported Cryptocurrencies
StormGain crypto exchange supports all the leading cryptocurrencies, including Bitcoin, Ethereum, Litecoin, ZCash, DASH, DAI, Ripple, Stellar Lumens, Bitcoin Cash and two stablecoins, USDT and USDC, in standard exchange trading.
Bybit, on the other hand, offers a wide range of crypto assets, more than 119 of them, including all the major ones like BTC, ETH, EOS, USDT, DOGE, XRP and many more. All these assets can seamlessly integrate with all the trading products and order types available on Bybit.
Verdict: Bybit offers far more cryptocurrencies than StormGain, making it the winner in this segment.
StormGain vs Bybit: Product Offerings
StormGain offers a vast product range that aids you in exploring the market and taking maximum benefit. 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.
On the other hand, Bybit is also nowhere behind in product offerings. These are:
- Spot Trading
- Derivatives Trading
- Buy Crypto
- Options Trading
- Bybit Earn
- Mobile App
- Trading Bot
- Margin Trading
- Copy Trading
- Futures Trading
- P2P Trading
Bybit offers up to 100x leverage on all the crypto trading pairs available on the platform.
Verdict: Bybit offers more products than StormGain. However, StormGain provides more leverage in selected pairs, so it is mostly about your need, and which you will opt for.
StormGain vs Bybit: Order Types
StormGain and Bybit 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
- Conditional Order
Verdict: Both derivatives trading platforms offer similar order types. Therefore it’s a tie between them in this segment.
StormGain vs Bybit: Fees Comparison
Regarding fees, I have categorized the whole structure into three categories; please refer to the table below to understand their fees in detail.
- 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
|Spot Trading||Perpetual & Futures Trading|
|VIP Level||Taker Fee Rate||Maker Fee Rate||Taker Fee Rate||Maker Fee Rate|
However, these spot trading fees are free for a limited period.
- Deposit and Withdrawal Fees
Bybit doesn’t charge any deposit fee on the platform. However, there is a pretty minimal withdrawal fee; I have mentioned them below:
Verdict: With a simple, affordable and transparent fee structure with free spot trading, Bybit is clearly the winner in this segment.
StormGain vs Bybit: Account Funding Methods
StormGain supports 2 methods for funding. These are:
- Method 1: Directly deposit from an existing crypto wallet.
- Method 2: Through your credit card using the SIMPLEX service.
You can quickly fund your account, go to the wallet section and select the desired cryptocurrency. Then select the ‘Get’ option and next select the preferred method of funding using the ‘address’, QR code or credit card.
Bybit, on the other hand, also offers two methods of funding, these are:
- Method 1: Through 59 supported fiat currencies, the payments through your account are handled by the industry’s most trusted third-party payment providers like Mercuryo, Paxful, Simplex, MoonPay, XanPool and Banxa.
- Method 2: Directly, crypto transfers are also supported from your account wallet.
StormGain vs Bybit: Trading Platform Comparison
StormGain has a powerful yet smooth interface that works seamlessly without any lag. It includes four different windows, which are:
- Technical Analysis Charts
- Order Book
- Recent Trade Widgets
- Order Form
This makes the platform easy to understand for beginners as well as sophisticated enough for advanced traders. Select the trading pair and click ‘Open Order’ to start trading.
Moreover, you can place various order types as well as use customizable layout options, technical indicators and trading tools for advanced technical studies. For your convenience, the indicators are categorized by trends, oscillators and volatility.
Stromgain’s Crypto futures trading platform 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 comes with a sentiment meter that offers the sentiment data of a particular trading pair based on active trades, which helps determine the market sentiment and price trends and further place a long or short trade accordingly.
On the other hand, Bybit also offers an intuitive trading platform that seamlessly functions even during market congestion. It can process 100,000 transactions per second. The charting system is well-built and easy to work through its functions; is always present at your fingertips.
Some of the critical features of this platform are:
- The dual price mechanism allows for preventing unfair liquidation of positions.
- A robust API refreshes the market data every 20ms with precision.
- The platform also has an advanced order system that allows you to directly set profit/stop loss at entry, adjust orders placed and receive strategy alerts with one click.
Bybit also has a mobile app that lets you trade on the go. It is equipped with all the functions and features of the web portal. The app is available for all your Android and iOS devices and has already been downloaded over a million times.
….read our detailed Bybit review here.
Verdict: From my personal experience, I can say that Bybit offers a better user interface with state-of-the-art features and functionalities. The platform has also been praised by countless traders worldwide. Therefore, Bybit is the clear winner in this segment.
StormGain vs Bybit: Account Types
On StormGain, there are just two types of accounts: Real Accounts and Demo Accounts. 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 limits. The KYC procedure on StormGain consists of providing these details:
- Full name
- Day of birth
- ID or passport scan
On the other hand, Bybit also allows complete access once you are verified through KYC policies, but you can also trade anonymously without KYC but with limited accessibility.
When registering, your account is acknowledged under level 0. You don’t need to submit any details here. For level 1, you need to submit essential identification documents like Documents issued by the government of your origin country (passport/ID) and Facial recognition screening.
|Country of Residence||Type of User||Daily Withdrawal Limit||Lifetime Withdrawal Limit|
|All Countries||Unverified Users||No trade or withdrawal access|
|India, China, Canada (expect Ontario & Quebec)||Verified Users||Infinite||Infinite|
|Rest of the world||Level 1 Verified – Phone||5K||50K|
|Level 2 Verified – Phone and Identity||50K||500K|
|Level 3 Verified – Identity and Address||Infinite||Infinite|
For the corresponding level 2, you need to submit proof of residence. All these documents must be submitted via clicking the “Account & Security” tab and selecting the “Verify Now” option.
Once your documents are accessed and verified (within 48 hours of upload), you will receive an approval email, and you can trade with unlimited access.
StormGain vs Bybit: How to get started?
To get started and register yourself 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. Accept the mentioned terms and conditions, and then confirm that you are not a US citizen.
- Click the ‘Register’ button, and then your account registration process completes. A confirmation link will then be sent to your registered email address; click to verify your account.
….here’s Stormgain Promocode which gets you $25 Signup bonus
You can follow these steps to register on Bybit:
- Go to the Bybit website and click the “Sign Up” button on the top. [Use- Bybit Referral Code: 5143 ]
- Choose your preferred registration method- contact number or email. Under both methods, you must enter the required information and the code you’ll receive depending on your chosen method.
You can register via your telegram or google account as well. Once you’ve registered, complete the KYC procedures according to your requirements and start trading.
StormGain vs Bybit: 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.
The platform also provides 24×7 support through live chat and email in multiple languages, which is helpful for users worldwide. The customer support team is quite knowledgeable and responsive.
StormGain vs Bybit: 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, making the platform a fortress.
Ensuring a bulletproof security system, it stores all the funds in cold wallets with an advanced encryption system. It also has a rigid and regulated policy regarding system security, crypto-asset consolidation, monitoring, operations, and audits, offering two-factor authentication and SSL encryption.
- Is StormGain safe?
StormGain is not only a safe and legit platform to trade crypto but has the most user-friendly trading platform for both advanced and beginner traders.
- Is Bybit safe?
Yes, Bybit is undoubtedly a safe platform to trade crypto futures. With its top-notch security features, highly reputable customer assistance, and military-grade cold wallet security that ensures your funds are not going anywhere.
StormGain and Bybit are both fantastic options to start your trading journey with. Both platforms offer an all-in-one optimized trading experience.
Stormgain provides an intuitive trading ecosystem by offering deposit bonuses on multiple levels and is a great tool for crypto cloud mining as well as OTC trading but lacks crypto and product offerings.
Bybit offers all these, however, lacks digital wallets. So you can choose which platform to choose based on your trading needs. I personally am a big fan of Bybit after using it many times because of its interface and unmatched security as well as the offerings, I have mentioned above.
So what are you waiting for? Get your hands on any of these fantastic platforms and see your trades grow in the market with profitability.
Learn how does Bybit and Stormgain stack up against the competition.