Delta Exchange is a well-known name in cryptocurrency derivatives trading, with a diverse range of products that includes futures trading, swaps, and options. This Delta Exchange review reveals the platform’s key features, fees, security measures, and customer reviews, assisting you in determining if it’s the best fit for your trading needs.
- Delta Exchange offers futures contracts trading for over 50 DeFi coins and altcoins, including Bitcoin and Ethereum.
- The platform is known for its unique demo account, allowing traders to practice strategies without risking real money.
- Delta Exchange is headquartered in Saint Vincent and the Grenadines.
- Users can earn passive income by staking cryptocurrencies such as DETO, BTC, USDT, and ETH.
- The platform provides comprehensive security measures, including multi-signature cold wallets, two-factor authentication, and a substantial Insurance Fund.
- It has competitive fees and offers volume-based discounts, making it cost-effective for high-volume traders.
What Is Delta Exchange?
Delta Exchange is a cryptocurrency derivates exchange. This trading platform has carved out a niche for itself in the market that has recently seen an increase in demand. Delta is unregulated and headquartered far from the madding crowd in Saint Vincent, Grenadines.
Delta provides its users with leverage of up to 100x. But it’s the unique demo account that makes it appealing to daring investors. This virtual platform allows traders to test their skills and strategies without risking real money.
This crypto exchange takes a different approach than other typical exchanges. It supports futures contracts trading with over 50 DeFi coins and altcoins, but it doesn’t stop with Bitcoin and Ethereum. Instead, it encourages the trading of cryptocurrency derivatives, making it a platform better suited for seasoned traders willing to dip their toes into advanced financial instruments.
Trading opportunities on the Delta Exchange crypto platform don’t stop with futures and options. Traders can also use the same 100x leverage to swap interest rate derivatives on Bitcoin and a variety of other altcoins. This range of offerings strengthens its position in the crypto trading world.
Delta Exchange sets its sights on making the complex world of crypto derivatives accessible, not just to veterans but also to newcomers. Its claim to fame? A broad spectrum of perpetual contracts and an exclusive lineup of derivatives based on altcoins, including Tezos, ATOM, BAT, RVN, and more.
How to Open an Account at Delta
- Visit Delta Exchange website: Start by navigating to the Delta Exchange website.
- Sign up: Click on the Sign Up button located in the upper right corner.
- Enter personal details: You’ll be asked to enter your email ID and create a password. Ensure you choose a strong, unique password to enhance the security of your Delta Exchange account.
- Referral code (optional): If you have a referral code, you can enter it during this step. A valid referral code could provide benefits such as a discount on trading fees.
- Account verification: Upon completing the sign-up process, you’ll likely receive an email to verify your account. Click on the link in the email to complete your account verification.
- Set up Two-Factor Authentication (2FA): For added security, it’s recommended that you set up two-factor authentication for your account. This typically involves linking your account to an authenticator app on your mobile device that generates a unique code for you to use when logging in.
Please keep in mind that Delta Exchange is currently unavailable in the following countries: the United States of America, St. Vincent and the Grenadines, Iran, North Korea, Syria, Crimea, Cuba, Canada, Afghanistan, Cambodia, and Pakistan.
However, you can still experience the platform and practice trading strategies with the Delta Exchange Testnet, a mock trading environment.
Is Delta Exchange Safe?
Delta Exchange has put in place a number of security measures to protect users’ funds and data. These include the use of multi-signature cold wallets to store funds, two-factor authentication (2FA) to improve account security, manual approval of all withdrawal requests, and a secure infrastructure that employs cutting-edge technologies such as IP whitelisting, SSL encryption, and traffic monitoring.
However, it’s worth noting that there have been instances in the past where customer information was potentially exposed as a result of data breaches. Although Delta has taken significant steps to improve its security, users should always be vigilant and cautious when trading online.
In addition to its security measures, the Delta platform provides user protection through an Insurance Fund, which comes into play when a position in liquidation can’t be closed before its bankruptcy price is breached.
The fund is designed to absorb losses of up to 5% for Bitcoin (BTC) and Ethereum (ETH) contracts and 2% for all other contracts. Notably, the Insurance Fund has a substantial balance of over $2 million.
What Are Delta Exchange Features?
Delta Exchange’s distinguishing features include futures and derivatives trading, a mock platform, staking, native tokens, high trading volume, and an insurance fund.
Support for Futures and Derivatives Trading
The Delta Exchange platform is well-known for its futures and derivatives exchange support. Users can buy and sell futures contracts for over 50 DeFi coins and altcoins. This feature is especially appealing to experienced traders because it allows them to leverage their positions and potentially earn higher returns.
Delta Exchange also provides a demo account where users can practice trading with virtual assets. This feature is especially useful for beginners who want to become acquainted with the platform and test various trading strategies without risking real money.
Delta Invest and Native Token
Delta Exchange also allows users to stake the following cryptocurrencies, allowing them to earn a return on their crypto holdings: DETO, BTC, USDT, and ETH. This feature expands the exchange’s appeal by providing users who choose to stake their tokens with a passive income stream.
Moreover, investors who support the Delta crypto exchange native token, DETO, are eligible for benefits like unlimited withdrawals with no fees.
High Trading Volume
Delta Exchange has a high trading volume, which ensures traders’ liquidity. High trading volume is a good sign because it often means tighter spreads and less slippage, which makes the platform more appealing to both novice and experienced traders.
Insurance Fund and Liquidation Mechanism
Delta Exchange has an Insurance Fund that kicks in if the platform is unable to close a liquidation position before the bankruptcy price is breached. The liquidation engine is ready to close all positions it acquires at a 5% loss for BTC and ETH contracts and a 2% loss for all other contracts.
What Are Delta Exchange Fees?
The trading fees differ according to the type of contract:
- For inverse futures and USDT linear futures, the taker fee is 0.05%, maker fee is 0.02%, settlement fee is 0.05%, and the liquidation factor is 0.2.
- ALT-BTC futures come with a uniform fee of 0.1% for taker, maker, and settlement, with a liquidation factor of 0.2.
- Options and MOVE contracts have a taker, maker, and settlement fee of 0.03% and a liquidation factor of 0.5.
- Spot trading is charged a fee of 0.05%.
A negative fee, for example, indicates that the trader has received a rebate. The settlement fee is applied to all open contracts at the time of settlement, and trading fees for all contracts are based on the position’s notional size. The Delta Exchange trading fee is capped at 10% of the option’s premium to reduce excessive fees on deep out-of-the-money options.
As for deposits, there are no specified minimum deposit amounts across all cryptocurrencies supported by Delta Exchange. The number of confirmations needed before a deposit is credited varies, ranging from 1 confirmation for networks like XRP, SOLANA, and USDT (TRC20 and POLYGON) up to 15 confirmations for BEP20-based deposits.
Withdrawal fees are also clear and reasonable. For example, the withdrawal fee for USDT (ERC20) is 10 USDT, 1 USDT for USDT (BEP20 and TRC20), 0.001 BTC for BTC, and 0.0025 ETH for ETH (ERC20). Delta Exchange Token (DETO) holders, on the other hand, have no withdrawal fees. The minimum withdrawal amounts differ between cryptocurrencies.
Finally, the vast majority of withdrawals are processed within 30 minutes, with some taking up to 24 hours.
Delta Exchange Customer Support - Which Options Does It Offer?
To conduct a proper review of Delta Exchange, we’ve tested a variety of customer support options:
- Email support: Delta Exchange provides email support. Users can email the customer service team if they have any questions or concerns.
- Live chat: It allows users to chat in real time with a customer support representative.
- Help center: Delta Exchange has an extensive Help Center on its website, which includes guides and FAQs on a wide range of topics, from getting started to understanding trading fees and security measures.
- Social media channels: Delta Exchange is also active on social media platforms like Twitter, LinkedIn, and Telegram.
Customer Reviews - What Do Customers Say About Delta Exchange?
Delta Exchange has mixed customer reviews, with a TrustScore of 2.3 out of 5. Some users praise its range of crypto derivatives and user-friendly interface. However, others express concerns, with some labeling it as a “scammer exchange.” These contrasting Delta Exchange reviews highlight the importance of proper research before using such platforms.
Final Thoughts: Is Delta Worth It?
Delta Exchange presents itself as a capable platform for crypto derivatives trading, specializing in futures and options. Its unique features, such as demo trading, high trading volumes, and strong security measures, combined with its advanced trading options, make it one of the best crypto exchanges out there. However, potential users should be aware of its unregulated status and country restrictions.
Is Delta Exchange legit?
Delta Exchange is a legitimate cryptocurrency exchange that specializes in futures and derivatives trading. It was founded in 2018 and has since established itself as a trusted platform for crypto trading.
Which country is Delta Exchange from?
Delta Exchange is headquartered in Saint Vincent and the Grenadines. However, it is a global platform that serves users from various countries across the globe, except for certain restricted countries like the United States, Canada, and others.
Is Delta Exchange regulated?
Our research for this Delta Exchange review has found that this platform is unregulated.
Which is better: Delta Exchange or Binance?
This depends on your needs—Binance for general trading and a wide selection of coins, Delta for crypto derivatives. Always consider your needs and risk tolerance.