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.
Step 1: 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. 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.
Step 2: 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.
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
Step 3: 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…