StormGain Deposit & Withdrawal - How long does it take

Methods

The deposit and withdrawal methods on StormGain are the same apart from the fact that you can’t withdraw to credit/debit cards but you can deposit with them. You can deposit and withdraw on StormGain with the following cryptocurrencies:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• XRP (XRP)
• Bitcoin Cash (BCH)
• Tether (USDT)
• Credit/Debit Cards (deposits only)

Making a deposit

Adhering to the true nature of the exchange; it is very simple to deposit onto StormGain and you can do it on both the web and mobile app. To make a deposit:

1. Login to your account
2. Select the crypto you want to deposit (e.g. Bitcoin) from the ‘Wallets‘ section
3. Copy the deposit address (or use QR code)
4. Send crypto to the address

Alternatively, you can use credit/debit cards to deposit on StormGain, although there are higher fees associated with this due to the processing fees, so I recommend buying crypto elsewhere like Coinbase and then sending to the exchange. Nevertheless, if you would like to use credit/debit to deposit on StormGain, just click the ‘Buy Crypto With Credit Card Button‘ and follow the instructions.

In terms of fees, as expected, there are no deposit fees on StormGain as with most other crypto exchanges.

StormGain Deposit Tutorial

Is there a minimum/maximum deposit?

Yes, there is a minimum deposit on StormGain which varies by the coin you are using to deposit onto the exchange with. As a general rule, the minimum deposit on StormGain is around $30-$50 USD. I put together a table below for you with the minimum deposits by each cryptocurrency offered on the exchange.

Cryptocurrency	Min. Deposit
Bitcoin (BTC)	0.005 BTC
Ethereum (ETH)	0.2 ETH
USDT	50 USDT
Litecoin (LTC)	0.55 LTC
Bitcoin Cash (BCH)	0.16 BCH

There is no maximum amount you can deposit on StormGain for crypto deposits, although, there is a maximum limit of 20 000 EUR/20 000 USD for credit and debit card deposits.

How long do deposits take?

This is one of the burning questions people ask about crypto exchanges; how long does it take for the deposit to clear? Well, fear not, I tested this out for you to see how long it would take to get my money onto my StormGain account.

Deposits on StormGain take around 1-2 hours to credit on your account. The amount of time it takes for a deposit to clear depends on which deposit method you use.

To test it out, I sent 50 USDT to StormGain and it took 1 hour, 27 minutes to land in my account.

In regards to the entire deposit experience, I thought it was smooth and quick, although, I would like to see a tab for pending deposits so that you know that your money is on the way into your account – apart from that, it was all good!

Earn Interest on Crypto Deposits

StormGain pays investors and traders holding cryptocurrencies interest on deposits held in the StormGain wallets.

By having deposits of between 100 and 50,000 USDT, StormGain pays interest of 10% per annum on deposits held for a minimum of 30 days.

Interest is calculated on a daily based on the account balance at 21:00 GMT. The amount of interest is added using the equity method at the moment of calculation. In other words, the total remaining balance of all accounts and any end-of-day bonus funds.

Rules for the Deposit Interest Rate Programme

Withdrawing from StormGain

Convenient and fast withdrawals can improve a trader’s experience on a crypto exchange vastly. With this in mind, let’s dive into making a withdrawal on StormGain. As I said earlier in this review, the withdrawal methods available are identical to the deposit methods (except you cannot withdraw to bank cards).

To make a withdrawal from StormGain, just head over to your wallet with the balance you want to withdraw and press the ‘Withdrawal’ button. Then, enter the desired destination address for the withdrawal and the amount you want to send. Once you’ve completed those steps, you should see a dynamic fee showing you exactly how much the withdrawal will cost you. If you are happy with the withdrawal details, click the ‘Withdraw’ button and confirm the withdrawal from your email address. Now all you have to do is wait for it to go through.

Withdrawal Fees

Naturally, there are fees to take your funds of the exchange, as with the majority of other crypto trading platforms out there. I don’t mind paying this if its reasonable, and StormGain charges industry-standard fees, so I don’t have any issues there.

The withdrawal fee (commission) on StormGain is 0.1% of the withdrawal amount. For example, if you withdraw 1,000 USD, you will pay a 1 USD withdrawal fee which I think is pretty decent.

This dynamic withdrawal fee makes StormGain perfect for beginners as you don’t have to pay a high withdrawal fee for small withdrawals like some other crypto exchanges which charge a standard fee no matter the amount you withdraw – little or big.

Minimum Withdrawal Amounts

Now you may be wondering what the minimum amount of funds you can withdraw from StormGain is. The answer is that it depends on the crypto you are withdrawing. Here’s a handy table with the minimum withdrawal amount by asset:

Coin	Min. Withdrawal
Tether (USDT)	20 USDT
Bitcoin (BTC)	0.0025 BTC
Bitcoin Cash (BCH)	0.0888 BCH
Ethereum (ETH)	0.11 ETH
Litecoin (LTC)	0.35 LTC
XRP (XRP)	100.0 XRP

How long do withdrawals take?

Withdrawals on StormGain are processed instantly after being submitted. The amount of time it takes for your withdrawal to clear in your destination wallet hinges on which cryptocurrency you withdraw from StormGain. The quickest is usually XRP, followed by Ethereum and Litecoin. The slowest withdrawal method is Bitcoin. On average, withdrawals on StormGain take 1-2 hours.