StormGain vs Coinbase Compared For You In 2022

Want to know which among StormGain and Coinbase is best for you? Then you are at the right place. You see, both StormGain and Coinbase are quite fantastic when it comes to crypto trading.

It is quite essential at the time of current market volatility to choose the right exchange for your crypto trading needs, and that is why I am here with an in-depth comparison of both these exchanges that would let you choose the best among them.

Let’s start now with a brief introduction of these exchanges.

StormGain vs Coinbase: Introduction

StormGain

StormGain

Beginning the comparison with StormGain, which was launched in 2019 in Seychelles and flourished exponentially in just 3 years. The company was registered in Seychelles and headquartered in London, currently holding an average trading volume of over $750 million.

Since its launch, StormGain has been brought up among the well-established exchanges in a very brief period, as well as mentioned by countless mainstream media houses. It is also offering a free demo account funded with 50,000 USDT which you should definitely take advantage of.

Coinbase

coinbase

On the other hand, Coinbase is one of the most renowned crypto exchanges that was founded back in 2012 solely for trading Bitcoin. Coinbase is a decentralized exchange and is available in more than 100 countries. It holds an average trading volume of a whopping $440 billion per quarter.

The exchange has over 103 million verified users and aims to make the cryptosphere more fair, accessible, efficient and transparent for everyone.

StormGain vs Coinbase: Supported Cryptocurrencies

When it comes to supported crypto assets, both platforms are pretty amazing. Let’s discuss their crypto range now.

StormGain

stormgain Supported Cryptocurrencies

StormGain’s crypto range consists of all the renowned assets of the industry. All of them can easily be integrated with all the products available on the exchange; some of these assets are:

  • BTC
  • ETH
  • USDT
  • EOS
  • DOGE
  • XRP
  • SOL

 

Coinbase

coinbase Supported Cryptocurrencies

Coming to Coinbase, it offers a wider range of crypto assets, counting more than 200 of them. The complete list of them is mentioned here. With such a large asset range, you will surely find your choice of crypto asset on Coinbase.

Verdict: Clearly, Coinbase will be a better option when it comes to supported crypto assets with a far wider range of them than StormGain.

StormGain vs Coinbase: Product Offerings

Now, coming to product offerings, both platforms are great options in the cryptosphere.

StormGain

Starting with StormGain, it offers quite a vast range of product types to take the maximum advantage of the crypto market; these are:

  • Over-the-Counter Crypto Trading
  • Leverage Trading
  • Multi-Currency Crypto Wallet
  • Options Trading
  • Crypto Indices

For leverage trading on the BTC/USDT, StormGain offers a maximum floating leverage of up to 500X and 100X for the other USDT pairs and three different crypto indices.

Other than that, there is also a maximum leverage of up to 50X for other trading pairs, with a minimum leverage of 5X for all trading pairs.

Coinbase

On the contrary, Coinbase provides a broad products range which includes:

  • Buy and Sell Crypto
  • Coinbase Wallet
  • Crypto Earn
  • Coinbase Card
  • Private Client
  • Crypto Borrow
  • Margin Trading
  • Crypto Rewards
  • Derivatives

Coming to leverage trading, Coinbase offers maximum leverage of up to 3X for all the crypto assets available on the exchange through its intuitive margin trading platform.

Coinbase Pro, which comes with FDIC insurance, 533 active trading pairs and industry-leading API; You can check it out here.

Verdict: Though Coinbase has a wider product range, StormGain offers far higher leverage, so I would consider it as a tie as it is purely your crypto need that which exchange you choose under this criterion.

StormGain vs Coinbase: Order Types

Now let us quickly compare StormGain and Coinbase on the basis of the available order types.

StormGain

Starting with StormGain, this exchange offers all the essential order types that you would need to take advantage of the market trends. These include:

  • Market Order
  • Limit Order
  • Stop-Limit Order

Coinbase

Coming to Coinbase, it includes both the basic and advanced order types giving you an extra weightage while trading; these include:

  • Market Order
  • Limit Order
  • Stop Order
  • Good Till Cancelled (GTC)
  • Immediate or Cancel (IOC)
  • Fill or Kill (FOC)

Verdict: Both these platforms offer all the essential order types, but Coinbase has the upper hand in this segment with a wider range of order types.

StormGain vs Coinbase: Fees Comparison

Now, let’s compare them to one of the most important criteria, which is their pricing.

StormGain-Trading Fees

The fee structure of StormGain can be divided into three categories which are:

The platform follows a flat fee as a trading fee with zero commission for OTC trading. Moreover, there is also a flat 10% additional fee charged on each of your profitable trades.

Debit/Credit Cards Deposit Commissions

Coming to Debit/credit card funding, StormGain charges a 5% flat commission where the maximum deposit limit depends on the currency you choose to deposit in.

Crypto Deposits/ Withdrawals

StormGain doesn’t charge any fee to deposit funds, but the withdrawal charges depend on the asset you withdraw. There is also an additional 0.1% flat fee charged on each withdrawal.

Coinbase-Trading Fees

Coming to Coinbase for spot trading, the fee structure follows a maker/taker fee model being 0.60%/0.40% when you trade between $0-10k. Additionally, a network transaction fee is also charged, and the withdrawal fees depend on the withdrawal method.

To understand more about the spot trading fees in more detail, refer to the table below:

Pricing Tier Taker Fee Maker Fee
Up to $10k 0.60% 0.40%
$10k-$50k 0.40% 0.25%
$50k-$100k 0.25% 0.15%
$100k-$1m 0.20% 0.10%
$1m-$20m 0.18% 0.08%
$20m-$100m 0.15% 0.05%
$100m-$300m 0.10% 0.02%
$300m-$500m 0.08% 0.00%
$500m+ 0.05% 0.00%

Verdict: StormGain has more transparent, simple, yet affordable pricing. Therefore it is the winner in this segment.

StormGain vs Coinbase: Account Funding Methods

Let’s discuss what account funding methods these platforms provide, which holds great importance for the liquidity of your holdings.

StormGain

StormGain provides 2 basic methods of funding your account, which is:

  • Method 1: Direct deposit through your already existing crypto wallet addresses.
  • Method 2: Via your credit card, which is executed through SIMPLEX, a renowned payment gateway provider.

Coinbase

Coinbase, on the other hand, offers a wider range of account funding methods which is pretty handy to have. Let’s discuss them quickly.

  • Method 1: Direct transfers from bank accounts which is great for both large and small investments. However, they are settled within 3-5 business days and attract a 1.49% fee for each transaction.
  • Method 2: Instantly settled payouts to bank accounts which are best for small investments.
  • Method 3: Through debit/credit card, which is best for small investments and payouts, are settled instantly as well, and the platform charges a 3.99% fee for each transaction.
  • Method 4: Online payment portals like PayPal, Apple Pay, Google Pay and others can also be used instantly for small investments and cashouts.
  • Method 5: Wire Transfers can also be settled within 1-3 business days and are best for notable investments.

Verdict: Clearly, Coinbase is the winner in this segment with varied and pretty convenient funding methods.

StormGain vs Coinbase: Trading Platform Comparison

Both StormGain and Coinbase have a globally appreciated user interface. Let me tell you what features and functionalities you can expect from their UI and UX.

StormGain

stormgain trading ui

StormGain’s trading interface includes 4 different feature-rich windows that are:

  • Technical Analysis Charts
  • Order Book
  • Recent Trade Widgets
  • Order Form

These attributes make the exchange easy to understand and trade for beginners as well as sophisticated and feature-rich for advanced traders. To start trading, you just need to select the trading pair of your choice.

You can also place variable order types as per your speculation and use customizable layout options, advanced trading tools and technical indicators for advanced trading analysis. To make it even easier for you, the indicators are classified by trends, volatility and oscillators.

StormGain also features professional charting systems that give you options to select bar, line and candle stick charts for viewing and analyzing the market from 9 different time frames varying between 1 min to 1 month for even more comprehensive and in detail analysis.

The trading window also comes with a sentiment meter letting you determine the market sentiment and price trends, enabling you to further place a long or short trade accordingly.

 

Coinbase

coinbase trading ui

On the other hand, Coinbase allows you to easily buy, sell and trade crypto assets through an intuitive, powerful, yet subtle interface which is easy to understand yet offers all the advanced features.

Coinbase’s trading dashboard assists you in trading crypto without any hassle. Advanced trading options are also provided at your fingertips, where you can trade at a deeper level.

Under this section, a long list of trading pairs is available, which you can simply select to start trading.

The charting system Coinbase is equipped with is quite feature-rich and includes all the advanced functionalities as well as trading tools. However, there is no TradingView, but the features that the platform offers it will

StormGain vs Coinbase: Account Types

Now, let’s quickly discuss in depth what account types are available on these platforms to choose from based on their verification levels.

StormGain

On the StormGain trading exchange, there are two types of accounts to choose from; one is a Real Account the other is Demo Account. Submitting your identification details and getting verified is essential to trade on StormGain.

However, you can also choose to trade anonymously with no KYC verification, but access is limited. The KYC verification on StormGain requires to provide:

  • Full name
  • Day of birth
  • Address
  • Nationality
  • ID or passport scan

Coinbase

On the other hand, Coinbase doesn’t allow you to trade anonymously, and it is compulsory to go through KYC verification. You must submit a government-issued ID and photo verification through your device’s camera to get verified.

Ensure you allow access to your device’s camera and microphone for the Coinbase app. Once the account is verified (in 2-3 minutes), you’ll be directed to the ‘Your Document’ page.

Verdict: StormGain gives an option of anonymous trading that Coinbase doesn’t. Therefore, StormGain is the winner in this segment as well.

StormGain vs Coinbase: How to get started?

Now, allow me to tell you how you can start your journey with StormGain and Coinbase. 

StormGain

stormgain getting started

  1. Click “Create an account” in the top right corner of the website.
  2. Enter your valid email, phone number, and password. Accept the mentioned terms and conditions, and then confirm that you are not a US citizen.
  3. Click the ‘Register’ button, and your account registration process completes. Then a verification link will be sent to your registered email address; click to verify your account.

Coinbase

coinbase getting started

Register and verification

  • Click or tap the ‘Get Started button. A window pops up; type in your full legal name, email address, secure password and state. 
  • Go carefully through the platform’s policy, then click ‘Create account’. 
  • Now, verify your account through your registered email address; clicking the link will send you back to the Coinbase homepage. Then, sign back in using your email and password, and the verification process will be completed.
  • You must verify your phone number by entering the seven-digit code that Coinbase will send you via SMS.
  • After verification, you must add your personal information by submitting your government-issued photo ID, including your permanent address.

Now, you need to answer a questionnaire:

  • What do you use Coinbase for?
  • What is your source of funds?
  • Current Occupation
  • Employer
  • Last 4 digits of the SSN
  • Now, click ‘Continue’ to finish the process.

StormGain vs Coinbase: Customer Support

StormGain

Together with a comprehensive FAQ section with video tutorials and a wide knowledge base StormGain offers 24×7 online customer support, which is customer-centric, highly knowledgeable and responsive.

Coinbase

On the other hand, Coinbase also offers round-the-clock support through ticketed service and live chat. You can also talk to their customer representatives via phone calls in regions including the USA, UK, India and Ireland.

It also has a comprehensive FAQ section where you can find answers to almost all your queries.

StormGain vs Coinbase: Security Features

StormGain

StormGain implements top-notch security features like SSL encryption, PCI-DSS and GDPR compliance, Real-time monitoring, quarterly security audit and two-factor authentication, making the platform a fortress.

Coinbase

On the other hand, Coinbase also offers industry-leading security features like two-factor authentication, as well as stores 98% of your funds in cold storage. With biometric verification for security keys, your funds are safe with Coinbase for sure. 

It also provides FDIC insurance coverage up to $250,000.

  • Is StormGain safe?

StormGain crypto exchange is surely a safe platform that implements all the industry-leading crypto security features and comes with an easy-to-understand yet powerful interface.

  • Is Coinbase safe?

Similarly, Coinbase is also a safe crypto exchange with mandatory KYC verification and keeps the majority of your funds in cold storage, offering you user-centric security features with multi-factor authentication, security keys and many more.

Conclusion

On the whole, both StormGain and Coinbase exchanges are quite unique and excellent crypto trading exchanges. Both the platforms are well established and legitimate, offering the industry’s best toolset that you can make optimum profits.

When it comes to choosing one ultimate platform among them, the choice lies upon your needs. If you are a beginner trader and looking for a platform to start your trading journey with, then StormGain will be the perfect match for you. With its user-friendly and easy-to-use interface, it is the best fit for new traders.

On the other hand, if you are an experienced trader and understand the crypto market well, then go for Coinbase without any second thought. Its top-of-the-line trading features and unique advanced trading ecosystem makes it the best choice for advanced trading.

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Jack Bailey

I am John, a veteran trader turned into a trading coach. Especially in the realm of cryptocurrency derivatives which is now booming and expected to grow big.