Comparison of Cex.Io vs Stormgain [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Cex.Io vs Stormgain comparison!

Your expert: Alejandro Borja

Cex.Io

Your expert: Xavier Tarrasó

Stormgain

Main points

Fees

0,15%/0,25%

Earns

Yes

Customer service

4/5

≤0,25%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.8 – Reasonable fees but slightly higher for fiat transactions.

4.1 – Competitive fees with a focus on leveraged trading.

Level

0,15%/0,25%

≤0,25%

Brief explanation

CEX.IO operates with a transparent fee structure primarily revolving around trading and transaction fees. For traders, the fees are tiered based on the 30-day trade volume, starting from 0.25% for takers and 0.16% for makers at the lowest tier, and decreasing with higher volume. This competitive pricing makes it appealing for both high-volume traders and newcomers. The platform also charges fees for deposits and withdrawals, which vary depending on the currency and method of payment. For example, credit card deposits incur a fee, whereas some methods like bank transfers might offer free deposits depending on the user’s location.

StormGain charges a unique fee structure that differentiates it from many other cryptocurrency exchanges. The platform adopts a flat fee model for trading, charging a standard rate of 0.25% on all trades. This rate is slightly above the new industry average, which tends to range around 0.10% to 0.15%, but StormGain offers a compelling twist: it only imposes these fees on profitable trades. This means if your trade does not make a profit, you are not charged a trading fee. In addition to trading fees, StormGain also applies withdrawal fees, which vary by cryptocurrency. For instance, withdrawing Bitcoin incurs a fixed fee of 0.0006 BTC, combined with a percentage fee of 0.10% of the withdrawn amount. This hybrid fee model can be particularly advantageous or costly depending on the amount being withdrawn and the current value of the cryptocurrency. Overall, StormGain’s fee model is designed to benefit profitable traders by allowing them to incur costs only when they earn, which can be particularly attractive to high-volume traders who are confident in their trading strategies and market timing.

Cex.Io

Security Methods: CEX.IO employs a comprehensive security framework which includes two-factor authentication, encryption technology, and cold storage of digital assets, ensuring a high level of user fund safety.
Reputation and Reviews: Since its inception in 2013, CEX.IO has maintained a strong reputation within the cryptocurrency community for reliability and trustworthiness, reflected in positive user reviews across various platforms.
Regulation Compliance: CEX.IO is registered with FinCEN in the USA and complies with international financial regulations, providing a secure trading environment and adhering to legal standards for financial operations.
Customer Service: The exchange offers dedicated customer support with a commitment to resolving user issues promptly, enhancing user trust through effective communication and support.
Trading Volume and Liquidity: CEX.IO consistently shows strong trading volumes, ensuring liquidity and enabling users to execute transactions swiftly and at desired prices, making it a reliable platform for trading major cryptocurrencies.

Stormgain

Security Measures: StormGain takes the security of its users seriously, implementing advanced measures like cold storage for the majority of funds, two-factor authentication (2FA), and encryption technologies to safeguard personal and transaction data.
High Leverage Options: Offering leverage up to 1:300, StormGain provides one of the highest leverage options available in the market. This allows experienced traders to maximize their trading strategies effectively.
Innovative Trading Features: StormGain features a range of innovative trading tools including leveraged crypto futures, options, and tokenized assets. This variety not only caters to different trading preferences but also enhances trading potential through diversification.
Reputation and Reviews: Since its inception in 2019, StormGain has built a solid reputation, ranked highly on several review platforms. Most reviews highlight customer satisfaction with the platform’s user-friendly interface and comprehensive trading tools.
Customer Service: StormGain offers robust customer support with a 24/7 service team accessible via email, chat, and phone. This level of support ensures that users' queries and issues are resolved promptly, enhancing user trust and satisfaction.

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Account Minimum

Get started with just $100.

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Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

CEX.IO Ltd

Stormgain LLC

Regulation

Regulated in the Reino Unido

Not regulated

Year founded

2013

2019

Founder

Oleksandr Lutskevych

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Cex.Io	FEATURES	Stormgain
CEX.IO allows for small minimum trade amounts, making it accessible for beginners to start trading with a low barrier of entry.	Minimum Trade	StormGain allows for relatively low minimum trade amounts, making it accessible for beginners or those looking to trade small amounts.
The fees are competitive but could be more transparent, particularly concerning the different tiers and specific services.	Trading and Transaction Fees	StormGain charges a 0.25% flat fee on all trades and additional fees on profitable trades, which can be somewhat higher than some competitors.
CEX.IO supports a diverse range of cryptocurrencies, offering users a broad selection of popular and lesser-known coins.	Number of Cryptocurrencies	Offers a limited selection of cryptocurrencies compared to larger exchanges, which might be a downside for users looking for diverse trading options.
The exchange provides a substantial number of trading pairs, facilitating versatile trading strategies.	Crypto-to-Crypto Trading Pairs	Although limited in overall cryptocurrency numbers, it provides essential trading pairs, suitable for most conventional traders but not ideal for those seeking depth.
The website offers clear information on trading conditions, security protocols, and company policies, making it easy for users to find essential details.	Website Transparency	The website is quite transparent about fees and trading options, though it could improve by providing more information about the team and their operational ethos.
The card is linked to your crypto account, providing convenience and benefits like crypto cashback on purchases.	Credit/Debit Card	StormGain currently lacks an exchange card, missing an opportunity to extend additional payment convenience and benefits to its users.
Provides secure storage options with a majority of funds held in cold storage, though details could be more accessible to users.	Storage Offering	Provides a secure wallet for cryptocurrency storage, incorporating essential security features such as 2FA.
Offers staking for several cryptocurrencies with competitive rewards; however, more coins could be added to enhance this feature.	Staking and Rewards	Offers competitive staking options and rewards, adding value for users who hold their cryptocurrencies in the exchange’s wallet.
Both platforms are user-friendly and fully-featured, making trading accessible on the go and from desktop devices.	Mobile App and Desktop	The mobile and desktop platforms are well-designed, intuitive, and user-friendly, suitable for both beginners and experienced traders.
Customer service is available and helpful but can be slow to respond during peak times. Improvements in response time could enhance user experience.	Customer Service	Provides 24/7 customer support, but feedback on the responsiveness and quality of support varies among users.
Deposits are straightforward and usually quick, but withdrawal processes and associated fees need clearer explanations and potentially lower costs.	Deposit and Withdraw	Offers instant deposit and withdrawal options, but the fees, especially for withdrawals, can be high depending on the method and currency.

Key features

Analysis tools

Basic charting tools, technical indicators

Advanced charting tools, technical analysis

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Margin trading, staking, CEX.io Loan service, fiat on/off ramps

Margin trading, futures trading, staking, StormGain Earn

Anonymity

Yes

Key points

Available cryptocurrencies

80+

50+

User-friendliness

Features a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform provides a seamless trading experience with essential features easily accessible.

StormGain offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Delivers decent value for money with competitive fees and strong security features, suitable for both beginners and experienced traders.

Offers good value for money with competitive fees and advanced trading features, suitable for both retail and institutional traders.

Countries of operation

Global, including United States, United Kingdom, Europe, Canada, Australia

Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for global traders looking for a reliable and secure platform with competitive fees and a wide range of supported cryptocurrencies.

Suitable for both retail and institutional traders interested in derivatives trading with competitive fees and advanced features.

Base currencies available

USD, EUR, GBP, RUB, BTC

USDT, BTC

Account

Trading

CEX.IO offers a secure and user-friendly platform with a good range of cryptocurrencies. It supports fiat integration and has competitive fees but lacks some advanced trading tools.

StormGain offers extensive trading options including leveraged trading. It provides advanced tools suitable for experienced traders but might be overwhelming for beginners.

Deposit and withdrawal

CEX.IO provides multiple deposit options, including bank transfers, credit/debit cards, and cryptocurrencies. Withdrawals are processed quickly, usually within a day, with competitive fees.

StormGain offers multiple deposit and withdrawal methods, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

CEX.IO offers a straightforward account opening process. Users need to provide personal information, verify their identity, and the process is typically completed within a day, making it efficient and user-friendly.

StormGain provides a seamless account opening process. Users need to provide personal information and verify their identity. The process is quick and usually completed within a day.

KYC required?

Yes

Customer Service

CEX.IO provides customer support via email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.

StormGain provides extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.

Security

CEX.IO offers comprehensive security measures, including 2FA, encryption, and cold storage. It is regulated by several financial authorities, ensuring high security for investors.

StormGain provides comprehensive security measures, including 2FA, encryption, and cold storage. It is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

As one of the experts reviewing CEX.IO on our website, I’ve had a positive experience with their platform overall. It’s a great choice for both newcomers to cryptocurrency and seasoned traders. The user interface is straightforward, making navigation and trading uncomplicated. Additionally, their security measures give me confidence in recommending CEX.IO as a reliable place to trade and store digital assets. For anyone looking to dive into crypto trading or expand their portfolio, CEX.IO offers a solid, dependable foundation.

Xavier Tarrasó

As one of the experts reviewing cryptocurrency platforms for our website, I find StormGain to be an intriguing option for traders who are particularly interested in leveraging high-risk, high-reward strategies. Its ability to offer up to 1:300 leverage is a standout feature that attracts experienced traders looking for significant market exposure. Additionally, the platform’s user-friendly interface and educational resources make it accessible, even for newcomers to the crypto trading scene. However, it’s important to approach trading on StormGain with a clear strategy and an understanding of the risks associated with high leverage trading.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.