With the advancement and flexibility of blockchain technology comes possibility. You can earn a few crypto coins by playing video games, watching videos, testing new products and services — or even shopping — online.
StormX App is a gamified reward-for-micro-task platform that offers a token (StormX) that can be exchanged for cryptocurrencies. Players are rewarded with the tokens after they complete micro 5 minute tasks or shop at global partner stores.
Want to learn more about StormX? Start with our guide and learn how to buy StormX now.
What is StormX?
StormX (ERC-20) is a token that allows users to exchange it for other cryptocurrencies like Bitcoin and Ethereum. A token unlike a coin cannot be mined and it does not have an independent blockchain but rather relies on the blockchain of another.
Players earn cashbacks that can be exchanged for crypto coins like Bitcoin and altcoins like Ethereum. An altcoin is simply any digital coin that is not Bitcoin.
Brief History of StormX
StormX was created in 2014 from what was formerly known as the BitMaker App. BitMaker allowed users to send money without any transaction fees.
CEO Simon Yu and co-founder Calvish Hsiehe leveraged the uniqueness of the BitMaker App to create a platform that incorporates some of its elements while adding important new features like BitTask.
BitTask allows users to try out new products in exchange for Ethereum or Bitcoin. This new feature is currently found in the StormX app.
The app has become popular due to its efficiency and global accessibility. It boasts about 1.5 million Android users who have earned cryptocurrency by playing video games.
If you hope to purchase your first StormX token soon, start with our step-by-step guide.
How to Buy StormX
- Open an online account.
You can open an account on the StormX app and buy tokens with the MoonPay widget if your country is on the list of supported countries. It is likely easier to use a cryptocurrency exchange to buy it directly, however. Some of the best that offer StormX are Pionex and Binance. Another way is to first buy Bitcoin, Tether, or Ethereum from popular brokers supported in your country then trade it for StormX.
To open an account with a broker, you need to complete the signup process and verify your email address. After verifying your account, you can purchase Bitcoin or Ethereum with your preferred currency.
- Buy a wallet (optional).
You can choose to skip buying a wallet since most exchanges come with their wallet to store coins after purchase, but these wallets provided by exchanges give you limited control over your digital assets and are best used temporarily.
One of the best ways to store your coins is with a hardware wallet. A hardware wallet is a cold wallet, meaning it is offline. It’s considered one of the safest wallets because it does not store your information online or with a third party.
- Make your purchase.
After purchasing Bitcoin or Ethereum, you can then exchange for StormX. However, if your broker does not support altcoins, you can then transfer them to an altcoin-friendly exchange.
Binance, Upbit and Bittrex are some exchanges where you can trade the token.
There are 2 ways to buy StormX: a limit order and a market buy.
• A market buy order is easy and straight to the point. When you place a market buy order, you buy at the current market price at the time of the transaction. For example, the current price for StormX is $0.01004, and I want to buy instantly so I go ahead to place an order.
• A limit buy order allows you to specify the price at which you want to make the purchase, and the order only goes through when that price is reached.
You can place a limit buy order if, for example, the price of StormX is $ 0.02 but you want to purchase it for $0.002. Then you can go ahead and place a limit order for that amount. The limit order will only be executed when the price gets to $0.002.
Another example of a limit order can be seen in say a BTC/USD pair. If BTC/USD is $10,000 and you want to buy when the price dips to $9,500, you can place a limit buy order for a limit price of EUR 9,500. This means you will only execute at the price of $9,500.
You can choose to buy the tokens instantly using the market order or wait for it to reach the price you desire. Either way is good. It all depends on preference and your mastery of your strategy.
Best Crypto Exchanges
Best Crypto Wallets
Here are the best software and hardware wallets for StormX.
Best Hardware Wallet
Among the best hardware wallets is the Ledger Nano S. The Ledger Nano S is popular with many crypto enthusiasts because it supports a large number of altcoins and tokens.
However, if you want on-the-go and online access to your coins, then a software wallet might do the trick. Keep in mind, they aren’t regarded as the best way for beginners to store coins because they are online and prone to fraudulent attacks.
Best Software Wallets
Trust Wallet and Binance online wallets are 2 of the most widely used wallets for storing StormX tokens. Trust wallet supports some of the best cryptocurrencies, including tokens like StormX. Binance online wallet is also another viable option for your digital assets
Trade or Sell Your Cryptocurrency
Just like other cryptocurrencies, you can sell as well as trade your tokens. While selling and trading might be used interchangeably there are quite a few differences between them.
Trading crypto is buying and selling crypto while betting on price movement. While selling is simply exchanging your crypto for money (fiat). You can either trade using a market order or a limit buy order.
Example of a market order trade:
If 1 Ripple (XRP) is currently $1, but I speculate that by tomorrow it will increase to $2. I will then place a market order for 10 units of Ripple. The order will be carried out instantly, and I will be charged $10 plus charges. If by tomorrow the price of Ripple increases to $2 or more, it then means that I’ll make a profit of at least $10.
Current Crypto Prices
If you are planning to buy or sell crypto or tokens, take a look at the current market rates.
Is StormX a Good Investment?
StormX App currently has over 75,000 monthly active users and footprints in Europe, the United States and Asia, and it plans to increase its reach even more.
StormX presents an opportunity for everyday people to earn coins from doing what they already love to do — shopping, video gaming and more. All these unique features could make StormX a good opportunity, but it is always necessary to do your research before you invest.
- Exclusive Crypto Airdrops
- Altcoin of the Week
- Insider Interviews
- News & Show Highlights
- Completely FREE