StormGain Review Closed
StormGain has permanently shut down. This review is preserved as a historical record. The crypto exchange offered cloud mining and up to 300x leverage before ceasing operations in 2025.
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Crypto exchange with cloud mining — operated 2019 to 2025
StormGain has permanently closed. The crypto exchange and cloud mining platform, which launched in 2019, ceased operations in 2025. All trading and mining services have been terminated. Users who had funds on the platform were given a withdrawal window before final closure.
This review is preserved as a historical record. StormGain was known for its unique combination of crypto trading with up to 300x leverage and a free built-in cloud mining feature. Registered in Seychelles with FSA oversight, it served approximately 5 million users before shutting down.
If you were a StormGain user or are looking for a similar platform, see our exchange comparison page for current alternatives including Binance, Kraken, and Coinbase.
Deep Dive What Happened to StormGain? StormGain shut down operations after regulatory pressure and declining user activity made the platform unviable.
StormGain's closure follows a pattern seen across offshore crypto platforms in 2024-2025. Tightening global regulations, particularly in the EU (MiCA) and UK, made it increasingly difficult for Seychelles-registered exchanges to serve major markets. Combined with the competitive pressure from regulated exchanges offering similar features, StormGain's niche became unsustainable.
The cloud mining feature, while popular as a marketing tool, generated minimal actual revenue for users (cents per day) and was expensive for StormGain to maintain as a free service. The high-leverage trading model also attracted regulatory scrutiny, particularly as consumer protection rules tightened globally.
What StormGain Users Should Know
Platform Closed
StormGain is no longer accepting new users or deposits.
Withdraw Funds
If you had funds on StormGain, the withdrawal window has passed.
Find Alternatives
Compare current exchanges at our exchange comparison page.
What StormGain Offered
Key features before the platform closed
Free Cloud Mining
Built-in Bitcoin cloud mining at no cost. Users activated mining every 4 hours via the app. Earnings were minimal but unique in the industry.
Up to 300x Leverage
Among the highest leverage in the crypto space. Bitcoin at 300x, Ethereum at 200x, altcoins up to 100x. Designed for aggressive short-term traders.
No KYC Required
Basic accounts operated without identity verification. Higher limits and fiat services required KYC, but basic crypto trading was anonymous.
Mobile-First Design
All-in-one mobile app for trading, mining, swapping, and storing crypto. Clean interface suited for beginners and casual users.
Built-in Swap
Instant cryptocurrency exchange at 0.1% fee. Simpler than order books for users who wanted quick conversions between assets.
Demo Account
$50,000 virtual funds for practice. Useful for testing strategies and learning the platform without risking real capital.
Deep Dive Feature Assessment (Historical) StormGain differentiated through unique features rather than competing on fees or regulation.
The cloud mining was more of a gamification tool than a genuine income source — earning cents per day. The 300x leverage was a double-edged sword that attracted experienced traders but resulted in frequent liquidations for beginners. The mobile-first approach and no-KYC access made it convenient but came at the cost of weaker security and regulatory protections.
For the features StormGain offered, alternatives now exist: Bybit and Binance offer high leverage with better regulation, while dedicated mining platforms provide actual mining returns. The all-in-one simplicity was StormGain's strongest genuine advantage.
StormGain Fees
Fee structure before closure — higher than major exchanges
StormGain vs Binance vs Kraken
How StormGain fees compared to current leading exchanges.
StormGain's trading fees were 2-3x higher than major exchanges. The cloud mining feature was unique but generated minimal returns.
Deep Dive Fee Structure Analysis StormGain charged a premium for its unique feature set. Higher fees were the tradeoff for cloud mining and simplicity.
At 0.25% for spot trading, StormGain cost 2.5x more than Binance per trade. For someone trading $10,000 monthly, that was an extra $15 in fees. The 5% card deposit fee was also steep compared to the 1.8-3.5% industry average. These costs were the main competitive weakness and a factor in the platform's decline.
Safety & Regulation
Offshore regulation with limited protections
FSA
SeychellesCold Storage
Claimed majority of assets in cold wallets
2FA Support
Two-factor authentication available
Withdrawal Confirm
Email confirmation for withdrawals
Encryption
Standard SSL and data encryption
Deep Dive Regulation & Trust StormGain's offshore-only regulation was its biggest weakness and a factor in its closure.
Registered only with the Seychelles FSA (tier-3 offshore jurisdiction), StormGain lacked the regulatory protections offered by FCA, ASIC, or FinCEN-registered platforms. There was no investor compensation scheme, no proof of reserves, and limited legal recourse for users. The platform operated since 2019 without major security incidents, but the regulatory gap ultimately proved unsustainable as global standards tightened.
StormGain Pros & Cons
Historical assessment of the platform
- Pro: Free cloud mining was unique in the industry
- Pro: Up to 300x leverage on crypto
- Pro: No KYC for basic accounts
- Pro: All-in-one app: trade, mine, swap, store
- Pro: Demo account with $50,000 virtual funds
- Pro: Simple, beginner-friendly interface
- Pro: 24/7 customer support
- Con: Platform has permanently closed
- Con: Higher trading fees than major exchanges (0.25% spot)
- Con: Offshore regulation only (Seychelles FSA)
- Con: Cloud mining earnings were trivial (cents per day)
- Con: No fiat withdrawal options
- Con: 5% card deposit fee
- Con: Not available in US
- Con: No proof of reserves
StormGain FAQ
Has StormGain shut down?
Yes. StormGain has permanently ceased operations. The platform closed in 2025. All trading, mining, and wallet services have been terminated. Users were given a withdrawal window before final shutdown.
Can I still access my StormGain account?
No. The StormGain platform and all services are offline. If you had funds remaining on the platform after the withdrawal deadline, contact their support channels listed on their website for any remaining claims, though response times may be limited.
What are the best StormGain alternatives?
Why did StormGain close?
StormGain's closure resulted from tightening global crypto regulations (EU MiCA, UK FCA rules) that made it difficult for offshore exchanges to operate, combined with competitive pressure from larger, better-regulated platforms. The cost of maintaining the free cloud mining service and declining user activity also contributed.
Was StormGain a scam?
No. StormGain operated legitimately from 2019 to 2025, was registered with the Seychelles FSA, and processed user withdrawals throughout its operation. However, its offshore regulation meant weaker investor protections compared to tier-1 regulated exchanges.
What was StormGain cloud mining?
StormGain offered free Bitcoin cloud mining within its app. Users tapped to activate mining every 4 hours. Earnings were minimal — typically a few cents per day — functioning more as user engagement than serious income. The minimum withdrawal threshold of 10 USDT took weeks to reach.
What leverage did StormGain offer?
StormGain offered up to 300x leverage on Bitcoin, 200x on Ethereum, and up to 100x on altcoins. This was among the highest in the industry but carried extreme liquidation risk — a 0.33% adverse move at 300x would liquidate the entire position.
Is there a way to recover funds from StormGain?
If you missed the withdrawal window, your options are limited. Check the StormGain website for any remaining contact information or claims process. For significant amounts, consult a legal professional experienced in crypto asset recovery. The Seychelles FSA may have information about the closure process.
StormGain Verdict
Best For
Not Ideal For
StormGain was a niche crypto platform rated 2.3/5 for its unique cloud mining and high leverage features. However, the platform has permanently closed. Higher fees, offshore-only regulation, and tightening compliance requirements contributed to its shutdown. For current crypto trading, see our exchange comparison page for regulated alternatives.
Deep Dive Final Assessment StormGain was an interesting niche platform that ultimately couldn't survive the crypto industry's maturation.
At its peak, StormGain offered a genuinely unique product: free cloud mining combined with high-leverage crypto trading in a simple mobile app. The 3.7/5 rating reflected solid features undermined by higher fees and weak regulation. The cloud mining was more marketing than substance, but the overall product was functional and beginner-friendly.
StormGain's closure serves as a reminder: offshore regulation, while enabling features like no-KYC and extreme leverage, doesn't provide the stability needed for long-term platform survival. For current crypto trading, we recommend regulated exchanges like Binance, Kraken, or Coinbase. Visit our <a href="/crypto-exchanges">exchange comparison page</a> for current recommendations.
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