Is StormGain Safe?

Is StormGain Safe?

Before you use any crypto margin exchange, it’s vital that you take steps to asses it’s safety/legitimacy in order to ensure that your funds will be secure if you decide to use the exchange. Not only do you have to look at the company behind the exchange, but also the security features offered on the exchange itself. So, is StormGain legit?

Yes, StormGain is regarded as a safe cryptocurrency exchange due to moderate levels of transparency and range of in-exchange security features.

On the other hand, the company behind the StormGain is private for whatever reason. This can be an issue for some people although I have personally spoken to members of the team and know them by name, so I feel confident trading there as there is always a line of contact available. In addition to this, StormGain’s CEO; Alex Althausen is transparent and active on social media which makes me more confident that the exchange is safe to use.

Moving onto direct account security features, there are all the basic things I look for in a crypto exchange. This includes 2FA for both SMS and Google Authenticator as well as data encryption and cold fund storage for StormGain’s built-in crypto wallets. I also like the fact that StormGain provides basic account security advice on their website to help new users secure their accounts.

In terms of areas of improvement for the safety of users on StormGain, I would like to see login notifications by email and more transparency with the company behind the exchange.

Overall, I am comfortable in saying that StormGain is a safe exchange to use, although I recommend checking it out for yourself and making your own decision on the matter – it’s your money, not mine! I don’t want to sound too harsh though and would like to point out here that I have made successful deposits, withdrawals and trades on the exchange, so you can use that information as you will.

Privacy and Security

StormGain delivers traders and investors a platform with a strong focus on privacy and security.

Wallet Security: StormGain provides cold wallets to protect investor and trader crypto assets from theft. Cold wallets are offline, making them inaccessible for hackers through the internet.

2-Factor Authentication (2FA): An essential additional security. StormGain traders and investors need to use Google’s Android or iPhone app to add a one-time password (“TOTP”) Two Factor Authentication confirmation each time you log in or request a withdrawal.

StormGain also recommends that:

•     You use a unique email address and password for your StormGain account.
•     Enable fingerprint or passcode lock on your phone, use a secure email provider, and use 2FA for your email account.
•     Secure your computer by using good antivirus software and keep it updated.
•     Always make sure to check the domain address you are visiting.
•     Never send or tell your personal data to anybody.