Whether you’re a long-time crypto enthusiast or just starting in the field of digital currencies, sooner or later, you’ll have to transfer your digital assets from your StormGain account to a non-custodial wallet like Zengo in order to ensure the safety and security of your cryptocurrency investments.
In this how-to withdraw money from StormGain guide, we’ll cover everything you need to know about withdrawing your assets from StormGain and moving them to your secure Zengo wallet.
Before we dive into the steps, ensure your Zengo wallet is properly set up and ready to use. The Zengo app can be installed from Google Play and the Apple App Store. Zengo is known for its high-end security mechanisms, such as Multi-Party Computation (MPC) technology, advanced biometrics, and a robust Web3 firewall.
After setting up the Zengo app and completing the onboarding steps, proceed to follow these simple instructions to withdraw your funds from StormGain to Zengo:
Sign in to your StormGain account. Once you’ve logged in, click on the “Wallets” menu.
Select the cryptocurrency you want to withdraw to reveal information about that cryptocurrency. Check to see if Zengo supports your token as well as your network of choice. If it’s not supported, swap it for another compatible token and start over.
After you choose the token, click on the “Withdrawal” button, then tap on “New request,” which will open the dedicated withdrawal window.
Start by entering the desired amount. Then, make sure that the “Payment method” is the same as your desired token. To proceed, enter the wallet address for your Zengo wallet in the box provided. You can find your Zengo address by going to the Zengo app, selecting “Actions,” then selecting “Receive,” followed by the asset you want to receive.
Click on “Withdraw”. Finally, confirm your withdrawal with the two-factor authentication SMS code.
To verify that the transfer has been successful, just open your Zengo app. The updated balance should reflect the recent transaction. If the balance hasn’t changed, your funds may still be on the way, and you’ll need to wait a little longer. For an in-depth look into your transaction records, go to the “History” tab within the application.
Zengo has made a name for itself with regard to securing digital assets. This is done by replacing traditional standard seed phrases with advanced biometrics. The Zengo platform incorporates Multi-Party Computation (MPC) technology, a powerful Web3 firewall, and an advanced recovery mechanism so that your cryptocurrencies and NFTs remain secure and within your control.
Due to its non-custodial nature, Zengo gives you full control over your crypto holdings. It is up to you whether or not to transfer assets, as well as other important decisions you might make while managing your portfolio. On top of that, thanks to Zengo’s fiat onramp function, buying additional crypto tokens with fiat currencies like Euros, Dollars, or Pounds Sterling couldn’t be simpler.
Zengo offers 24/7 customer support with real people, not bots. Forget about automated responses or frustrating delays; our dedicated team is always on standby to address any concerns or questions, ensuring you receive the assistance you deserve without hassle or frustration. Furthermore, we have an online help center where you can find general information that can help you get a better understanding of Zengo as a whole.
Withdrawing crypto from Zengo to other wallets is a simple process. To get started, open your Zengo app, tap on “Actions,” then on “Send.” Then, select your cryptocurrency of choice, determine the amount, fill in the recipient’s details, and approve the transaction.
What about withdrawing crypto to fiat currency? You can do that, too, with Zengo. To withdraw in traditional fiat money, like USD, GBP, or EUR, head to “Actions,” click “Sell,” choose the desired crypto-to-fiat pairing, and finalize your withdrawal using one of our partners. The amount will then be sent to the bank account associated with your Zengo wallet.
Below, we’ve provided answers to frequently asked questions on withdrawing cryptocurrency from StormGain that you may find to be useful.
StormGain is a crypto trading and mining platform launched in 2019. It supports the trading, buying, and selling of a variety of cryptocurrencies while also offering Bitcoin cloud mining for users who want to mine their own coins. StormGain also provides users with additional financial products, such as futures trading, staking, and even trading signals, which can be viewed as a risk management instrument designed to assist users in controlling when to buy or sell their digital assets. The company’s headquarters are located in London, UK, but it’s registered in the Seychelles and has users in various countries around the world.
Both StormGain and Zengo allow users to buy and trade a variety of digital assets, from popular crypto tokens like Bitcoin and Ethereum to various altcoins. Therefore, they share some fundamental similarities, but they also have notable differences. StormGain aims to offer an “all-in-one” crypto experience, with everything from advanced trading to Bitcoin cloud mining. Zengo, on the other hand, is more focused both in terms of design and purpose. It serves as a secure, non-custodial wallet equipped with cutting-edge technologies, like MPC and biometric authentication, to safeguard users’ digital investments. Furthermore, Zengo is Web3-ready, which means it allows users to interact with decentralized applications (Dapps) like Uniswap or OpenSea while staying safe thanks to Zengo’s Web3 firewall.
StormGain also imposes limits for crypto withdrawals. The specific limits can vary from currency to currency, and you can check the limits for yourself when making a withdrawal.
Withdrawals on StormGain should all be processed in a matter of a few hours and a maximum of one business day. In some cases, withdrawals will need to be inspected and processed manually, which may cause them to take a little longer than the rest, but most will be dealt with very quickly.
When withdrawing crypto from StormGain, your withdrawal might unexpectedly get flagged for manual processing, which means that you might have to wait a full business day or even more for your funds to be transferred to your account. Plus, just like on other exchanges and platforms, there’s always a risk that you might enter the wrong address or details during the withdrawal process. Be sure to double-check all details before confirming your transfer.
StormGain does not yet support withdrawals of crypto to fiat currencies. Instead, it recommends users set up their separate crypto wallets and then move their funds over to those wallets before withdrawing to fiat. You can withdraw easily to fiat currencies like EUR, GBP, and USD by withdrawing crypto from StormGain to Zengo and then from Zengo to your bank account.
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