StormGain was a high-leverage crypto exchange that shut down in January 2025. This review covers its features, risks, why it failed, and what to do if you had an account.
When you hear StormGain, a crypto trading platform that combines exchange services with a mobile app and rewards system. Also known as StormGain Wallet, it’s one of the few platforms that pushes trading, staking, and daily bonuses through a single app. But is it just another flashy crypto app—or does it actually deliver value? Many users in Australia and beyond are asking this question, especially after seeing ads for free Bitcoin giveaways and 10% daily returns. The truth? StormGain isn’t a traditional exchange like Binance or Coinmetro. It’s a hybrid: part broker, part wallet, part gamified rewards system. That mix can be confusing—and risky—if you don’t know how it works under the hood.
What sets StormGain apart is its mobile-first approach, a design strategy focused on smartphones, with simplified trading and instant access to crypto rewards. Unlike desktop-heavy platforms, StormGain’s app lets you trade, claim bonuses, and even earn interest without logging into a website. That’s convenient—but convenience doesn’t equal safety. The platform doesn’t offer advanced order types like limit or stop-loss, and it doesn’t list hundreds of coins. Instead, it focuses on Bitcoin, Ethereum, and a handful of major tokens. Its real draw? The daily bonus system, a feature that gives users small amounts of crypto just for opening the app. It’s not passive income—it’s a loyalty hook. And while it sounds great, the amounts are tiny, and the platform’s liquidity and withdrawal times can be inconsistent. You’re not trading on a deep order book; you’re trading through a middleman who sets prices.
Security is another gray area. StormGain isn’t regulated by ASIC or any major financial authority. That means if something goes wrong—like a hack or a withdrawal delay—you have little recourse. It’s not a scam, but it’s not a bank either. The platform uses basic encryption and two-factor authentication, which is fine for casual users, but serious traders should look elsewhere. If you’re new to crypto and want to dip your toes in without learning complex charts or cold wallets, StormGain’s app might feel friendly. But if you’re looking for real trading power, low fees, or asset control, you’ll quickly hit its limits.
Below, you’ll find real user experiences, fee breakdowns, and comparisons with other platforms that actually let you trade like a pro. No fluff. No hype. Just what you need to know before you tap that ‘Claim Bonus’ button.
StormGain was a high-leverage crypto exchange that shut down in January 2025. This review covers its features, risks, why it failed, and what to do if you had an account.