If you have been looking for ways to get free Bitcoin or any cryptocurrency for that matter, you may have come across the very highly rated Stormgain app. It’s an app that offers you instant access to the “powerful cloud mining,” which is said to allow you to get free Bitcoin daily. You can also trade in your free Bitcoin and withdraw profit at any time you want with no commission.
As an “all-in-one” cryptocurrency app, you can buy, sell, trade, exchange, earn, and trade, all with one click.
Noted as a number one provider by some websites, is it truly a #1?
Let’s find out.
Making Money with Stormgain by Mining
While Stormgain focuses mainly as a cryptocurrency trading all-in-one platform, one of the main reasons people download the app is to earn free crypto.
To start earning free crypto, it will come in the form of mining. And, this is the process of simply logging into your account while using the app and then clicking the “Activate” button.
As long as you allow the app to run, it will start to mine Bitcoin, and as a member, your mining speed, as you can see in the screenshot, will depend on the cloud servers, as it’s limited to the number of users using the app at the moment. So, how much you make will depend on a few factors.
Now, whenever you hit the activate button, you can’t just walk away and forget about it since the app will turn off after four hours. Every four hours, you will have to set a reminder to turn it back on if you want to continue to mine Bitcoin.
Whenever you mine Bitcoin, you can close the app as it will run in the background, and I did find it to use limited resources.
How much can I earn?
According to the website, you can mine up to 0.0318 ฿ a day, but this will depend on your mining speed, and of course, how often you log in throughout the day. If you were to max out at an “x530” mining speed, for example, then you could earn upward of 0.0101760 ₿ in a day, which is a few hundred dollars. It sounds like a lot, and it is, mainly because this mining speed is highly unreachable since you would need to reach an insane trading volume.
When you first start, you will begin at a low mining speed, but you can mine more as you invest real money in the site. So, the more money you invest, the higher you can rise in the ranks as a member, which means you can increase your mining speeds.
As you can see, you would need to trade at 75,000,000 USDT to mine at 530 times. And, if you’re wondering how much USDT is, it’s pegged to the U.S. dollar, which, yes, that means you would need $75 MILLION to mine at 530. If you want to mine at one times the amount rather than .5, then you would need $150,000 in crypto.
I don’t know about you, but you’re going to find out that reaching mining speeds higher than 0.5 will be quite rare, so I wouldn’t expect to rise in the ranks unless you can invest hundreds of thousands of dollars into the app.
In the end, as a basic user, there are so many market factors involved, but reading reviews, you can probably earn about $0.30~ a day on the most basic level. However, as I note up there, you can rise in the ranks, but it’s going to be tough.
As noted, you will earn your free Bitcoin as you use the activate button, and you will need at least $10 in Bitcoin to cash out.
Eventually, when you do earn enough, your money will be credited to your trading account as an active bonus, which can only be used to trade other cryptocurrency. However, all money you earn from profits will be yours to keep.
So, in short, you don’t get to “cash out” the money you earn; rather, you can only keep the profits you make from that profit. Yes, it’s much of a gamble, meaning you could lose it all or even more than double it. This is something we don’t have the answer to.
If you want to sign up to start mining crypto or even using it as an all-in-one platform, you can do so by downloading the app, either on the Google Play Store or iTunes. You can also learn more about the app via the company’s official website. It requires no special software, just your phone app.
The nice thing about the app is that it’s open almost worldwide, however, as I was writing this, they did close off memberships to U.S. members. I’m not sure if the restriction will remain for some time, but if you live in the United States, you may not be able to use it.
The sign-up process is fairly straight-forward. You will be asked for your mobile phone number as well as an email address, that’s about it.
Once you do so, you will be asked to verify your email and phone to get started.
If you want to earn free crypto, I would say it’s an okay platform. You’re not going to get rich nor are you going to want to use it as your primary cryptocurreny all-in-one app. It is legit and it’s not a scam, I promise you that. Remember, you have to trade your earnings to only keep the profits.
If you do want to use the app, I would say proceed with caution as I have read a lot of horror stories about people getting banned as well as people not earning as much as they think they can. Nonetheless, this can be said about any investment really.
In the end, if you want something much different than your money-making ventures online, such as surveys, then this is something to check out. Only you can decide if the time is worth it.
As always, if you want to comment on your experience, you’re more than welcome to do so in the comments.
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