How and Where to Buy Storm (STORM) – Detailed Guide
- What is STORM?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade STORM
- Last Step: Store STORM securely in hardware wallets
- Other useful tools for trading STORM
- Frequently Asked Questions
- Latest News for STORM
- STORM Price Prediction and Price Movement
What is STORM?
What Is StormX (STMX)?
Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.
The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.
Who Are the Founders of StormX?
Simon Yu is the CEO and co-founder of StormX. Yu graduated from the University of Washington in 2014 and then participated in a Berkley Blockchain Xcelerator held by the University of California in 2020. His professional career began a couple of years before he graduated, with the founding of a company called Penguin Delivery — aimed at delivering Korean barbecue tacos to students across campus. After graduating, Simon Yu became a financial analyst intern for Amazon and then became a senior credit risk analyst for KeyBank. In 2015, Yu and his team founded StormX.
Calvin Hsieh is the CTO and co-founder of the company. He graduated with a degree in computer science and software engineering from the University of Washington and was also part of the Berkley Blockchain Xcelerator held by the University of California in 2020. In April 2015, Hsieh joined Bomba Fusion LLC as a manager and web developer, and in 2017, he became a co-owner of the company. In 2015, he co-founded StormX with Simon Yu.
What Makes StormX Unique?
StormX is the first crypto cashback solution that allows users to earn rewards and cashback for their fiat purchases. By seamlessly integrating their blockchain platform with the everyday purchases people make, StormX essentially makes crypto enter the mainstream financial system.
By extending the capabilities of the StormX platform beyond cashback, the company also captures the interest of crypto enthusiasts who are looking to boost their profit by staking native tokens and performing everyday tasks. The STMX token allows users to lock staking contracts and earn interest on their investment. With more than 750 online stores part of the StormX cashback program, customers can easily stack up cashback rewards. Not only that, some of the online shops offer cashback of up to 87.5% in crypto, which is an unprecedented rate for traditional cashback programs. Finally, StormX has attracted the attention of several big names in the industry and has secured over $30 million in funding.
Related Pages:
Read more about pNetwork.
Find out more about Loopring.
Learn more about DApps.
Have a look at the CoinMarketCap blog.
How Many StormX (STMX) Coins Are There in Circulation?
STMX has a total supply of 10 billion tokens and a current circulating supply of 8,412,333,047 STMX.
According to the official whitepaper, a quarter of the total token supply was distributed among the company and founding team members. Another 23% of STMX tokens remain locked for platform utilization and support. More than 40% of the total token supply was distributed among several crowdsale events. Lastly, about 10% of the total supply was distributed among users.
StormX initially launched its token under the ticker STORM. However, in 2020, the company went through a token swap and launched the STMX ticker.
How Is the StormX Network Secured?
As an ERC-20 token, STMX is secured by Ethereum’s proof-of-stake (PoS) consensus mechanism. The PoS consensus mechanism relies on stakeholders to become transaction validators. This is what differentiates this consensus from the proof-of-work (PoW) utilized by Bitcoin.
The PoS consensus mechanism is extremely versatile, as it does not require vast amounts of electrical or computing power, unlike PoW. Not only that, as STMX is an ERC-20 token, this makes the cryptocurrency widely distributable and exchangeable. Ethereum-based tokens can be integrated into DApps and smart contracts on the Ethereum blockchain.
Where Can You Buy StormX (STMX)?
As an established cashback application since 2015, StormX has secured a top place among crypto enthusiasts. This is why the STMX token is widely available on a number of exchanges.
If you are looking to purchase STMX tokens, one option is Binance. Other exchanges where STMX is available include:
- Bittrex
- FTX
Find more information here about buying cryptos.
STORM was first tradable on 20th Dec, 2017. It has a total supply of 9,999,999,494. As of right now STORM has a market capitalization of USD $unknown. The current price of STORM is $0.00356 and is ranked 145 on Coinmarketcap and has recently surged 24.85 percent at the time of writing.
STORM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy STORM.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
- Binance
But we are not done yet, since STORM is an altcoin we need to transfer our BTC to an exchange that STORM can be traded, here we will use Binance as our exchange. Binance is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit BTC to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Binance and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on BTC on the "From" field, choose the amount you wan to send and on the "To" field choose BTC under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Binance!
Now go back to Binance and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.
You should receive a confirmation notification from Binance once your BTC has arrived. And you are now finally ready to purchase STORM!
Step 5: Trade STORM
Go back to Binance, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "STORM", you should see STORM/BTC, select that pair and you should see a price chart of STORM/BTC in the middle of the page.
Below there is a box with a green button that says "Buy STORM", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy STORM". Voila! You have finally bought STORM!
Last Step: Store STORM securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your STORM for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy STORM with cash?
There is no direct way to buy STORM with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy STORM in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy STORM or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Latest News for STORM
