Your capital is at risk
Delta is a cryptocurrency trading platform which specialises in Bitcoin and Altcoin futures and perpetual contracts. The modern and innovative platform offers a convenient and simplified way to trade derivatives. Registered in Saint Vincent and Grenadines, Delta is an unregulated trading platform which offers users the possibility to trade anonymously.
The platform proudly presents its team of employees and advisors and the experience they bring with them. Several join the company after having worked at Barclays, Citi Group, UBS, and Stellar. As a result, the platform is confident in its self-regulation, ensuring that users are kept safe whilst being able to extend its services to a wider audience.
This Delta Exchange review will cover the most important aspects of the platform to help you make an informed decision. Although we are continually updating our Cryptimi exchange reviews, we recommend you always to visit the platform’s website to ensure that all the information is still valid.
Your capital is at risk
According to Delta’s own information, the platform stores all of its users’ funds in multi-signature wallets. In addition, all withdrawals are manually approved and only take place once a day. So far, these and other security measures implemented by the operator appear to be working, with no reported successful cyber attacks or online user complaints.
Delta is a cryptocurrency futures trading platform which offers a variety of markets to invest in. In order to use the exchange, users must already own Bitcoin. Moreover, unlike traditional cryptocurrency exchanges, Delta does not facilitate the exchange of tokens. Instead, users trade Bitcoin and Altcoin derivatives. This makes the exchange better-suited to traders with experience investing in advanced financial instruments.
Before trading with real money you can use Delta’s Mock Trading platform, which functions exactly in the same way as the real platform. Whilst user registration is still required, using the demo account allows you to test out different investment strategies without risking any of your money. This platform includes all the automatic limits and options which will be available to you in the main trading platform, giving you an accurate understanding of the platform right away.
Delta offers you a trading wallet where to store your Bitcoin in between trades. Once you have registered an account with the platform you will be provided with a wallet address where to send your BTC. The platform does not support any other cryptocurrency to deposit with, so ensure that you are sending BTC. Networks of several Altcoins accept Delta’s wallet address, but if you send the wrong currency you risk losing your funds.
Creating a new Delta Exchange account is extremely fast and simple. All you need to do is:
Upon successful registration, you should receive a confirmation email and a request to verify your email address. Once this has been completed you can start trading on the exchange.
Once you have opened a Delta Exchange account you can log in in the following way:
If you have forgotten your password of 2FA you can click on the link just below the form.
Delta Exchange does not perform any detailed KYC on its users. You can start trading by providing simple details, and no document submission is normally required. However, if you carry out large withdrawals (more than 2 BTC per day) or have a substantial amount in your account (more than 5 BTC), the platform might require verification documents. Additionally, Delta reserves the right to request verification documents from any user whose account usage is suspicious.
Since Delta Exchange only offers cryptocurrency future contracts you cannot buy any digital currency. In addition, the platform does not support deposits in any currency apart from Bitcoin. To make a deposit into your account you must first get Bitcoin using a traditional non-CFD cryptocurrency exchange.
When making a deposit on Delta Exchange, be sure to check out if there are any current rewards, such as match deposit bonuses. In order to attract more users to the platform, Delta is periodically offering such rewards, allowing you to trade with much higher capital.
Once you have successfully opened an account with Delta Exchange and deposited funds into your account, you can proceed to place your first order. The platform’s interface might seem confusing at first, but you will quickly get used to it and its layout. To place your first order, all you need to do is:
It’s really that simple to begin your journey in Furtures’ Orders.
In order to close any open position on the Delta Exchange, you need to locate the applicable trade in your order book and proceed to close your position. If you would like to withdraw your funds all you need to do is provide the relevant wallet address and Delta will process your withdrawal within 24 hours.
Whilst Delta Exchange only supports payments in Bitcoin, the platform provides several different cryptocurrency futures and perpetual contracts to invest in. These include: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar Lumens (XLM), Litecoin (LTC), Binance Coin (BNB), LEOcoin (LEO), Bitcoin SV (BSV), Monero (XMR), Tezos (XTZ), Chainlink (LINK), Matic Network (MATIC), EOS, USD Coin (USDC), Tether (USDT) and Basic Attention Token (BAT).
The full list of future and perpetual contracts available can be found on the Delta Exchange website.
Delta is one of the very few Futures exchange which offers contracts margined and settled in USDC, a stablecoin launched by Goldman Sachs and backed by Circle, as well as in USDT.
Since the platform is not regulated it is able to accept users from virtually any country in the world. However, the platform has decided to set certain restrictions as part of its own security policy.
Delta Exchange accepts users from most countries, including those living in the EU, UK, Canada and Australia. In fact, the platform is available across the world, including Andorra, Argentina, Bahrain, Bolivia, Cameroon, China, Djibouti, Egypt, Fiji, Gambia, Hong Kong, India, Japan, Jordan, Kenya, Lebanon, Malaysia, Nepal, Oman, Panama, Qatar, Reunion, Russia, Samoa, Tanzania, United Arab Emirates, Venezuela, and Yemen.
Notable exceptions of supported countries include the United States of America, Afghanistan, Iran, and the Republic of Korea. In any case, you will be notified if your country is excluded during the registration process.
Delta Exchange offers users a competitive and transparent fee structure which is simple and easy to understand. The following information was correct as researched at the time of writing, but we invite you to check out Delta’s latest fees and limits on their website.
Delta’s fees are structured according to the derivative being purchased and a number of other factors. For traditional futures, the platform offers a fixed maker and taker fee of -0.025% and 0.075% respectively. BTC settlement fees are set at 0.075% and users can access up to 100x leverage on trades.
For Delta’s perpetual contracts, fees are also broken down between maker and taker fees, with varying amounts of leverage available. When trading contracts on Delta, the term funding is used to describe an 8-hour interest rate.
Depositing BTC into your Delta account is free and can take 20 minutes or longer. Delta only credits the funds into your account after having received two confirmations. For security reasons, withdrawals are processed once a day, so you might need to wait up to 24 hours for your request to be put through.
Whilst the platform itself does not charge any withdrawal fees, you will need to pay the Bitcoin network fee which is calculated based on the transfer volume at that particular moment in time. Only Bitcoin withdrawals are allowed.
You can find the full list of Delta Exchange fees by clicking on the ‘Fees’ link on the main page menu.
Since Delta Exchange does not support fiat currencies it is able to offer unlimited deposits and trading opportunities to its users. Whilst each contract position has an applicable limit, there are no maximum deposits or withdrawals. A minimum withdrawal amount of 0.001 BTC does exist.
Currently, the only supported payment method on Delta Exchange is Bitcoin wallet transfers. No other payment method or currency is accepted.
Delta Exchange is very proud of the high-level security measures it has implemented across its trading platform. Although the platform is not regulated, the experienced team which operate it clearly understands the importance of protecting user funds and details. So far, the platform has never been the victim of any successful cyberattack, and this provides reassurance to both new and existing users.
When you open an account with Delta you are required to provide a strong password made up of characters, symbols, and numbers. Before registering an account, the platform will show you the strength of your chosen password. In addition, the platform offers two-factor authentication (2FA), which is commonly used by banks and online platforms to provide an additional level of security to users.
Since Delta Exchange has only been recently established, it has yet to build a strong reputation. The initial signs are promising, with most online users applauding its efforts to provide a seamless Bitcoin futures trading experience.
Those looking to get support from Delta Exchange have several convenient options. The fastest way to speak to a Delta representative is through the live chat option, which is available to both new and registered users. In certain situations, such as to request the reset of the 2FA, users would be required to send an email to Delta’s customer care team.
In addition, the platform offers an extensive Support Centre and Platform User Guide. Using these resources allows users to get instantaneous information regarding common queries.
As Delta Exchange continues to grow and develop, it will likely introduce new features and supported currencies. Currently, the main coming-soon-news revolves around an insurance fund for positions whose bankruptcy price is breached before the platform has time to liquidate a position. Last but certainly not least, this trading platform plans to soon launch Options, Interest Rates and Volatility Products.
Since it first opened, Delta Exchange has periodically added new perpetual contracts to its portfolio, along with additional tools and resources. In order to stay up to date with any upcoming features check out the Delta Exchange Blog and its social media pages.
Both Delta and BitMEX offer cryptocurrency futures and both have a reputation for providing innovative products. However, recently, Delta has surpassed BitMEX in innovation, introducing Altcoin perpetual swaps, stablecoin settled derivatives, and options and interest rate derivatives. BitMEX remains the larger platform, securing much higher liquidity. Undeterred, Delta is quickly building a reputation for offering a more stable trading platform, particularly in times of high market volatility.
eToro is a global trading platform for cryptocurrency Contracts for Difference (CFDs). Generally considered to be a simpler financial instrument than futures, CFDs are ideal for novice investors who would like to move on from directly trading assets. eToro is regulated and supports both fiat and cryptocurrency payments. While Delta offers more advantageous leverage and payment fees, eToro is able to offer a wide range of payment methods to its users. In addition, eToro offers users the opportunity to buy cryptocurrency tokens and invest in alternative markets, including commodities and forex.
Plus500 is a regulated CFD trading platform which gives users access to several markets, including cryptocurrencies, indices, and commodities. Whilst the range of digital currencies is not as great as eToro, Plus500 offers more selection than Delta. The latter offers an opportunity to trade with larger leverage, and in some cases offers more competitive maker and taker fees. Unlike Delta, Plus500 does not support cryptocurrency payments but allows users to deposit fiat currencies using several convenient methods.
Delta Exchange is a great platform to trade cryptocurrency futures, offering a well-planned and functional interface. Although the exchange is unregulated, it is managed by a team of experienced professionals who hail from a variety of global banks and institutions. The platform itself is very easy to use and works well even during periods of high market volatility. Several options are available to users to limit potential losses.
In addition, users get access to extensive charts and helpful resources to help them develop a successful trading strategy. Whilst the platform’s range of assets and supported currencies are fairly limited, it is continually developing and improving, making it a growing contender for the world’s best Bitcoin derivative and Altcoin futures trading platform.
Owned by HDR Global Trading Limited, with its headquarters in Hong Kong, BitMEX is a P2P cryptocurrency trading platform and is well established in the crypto community. It's widely popular for its 100X leverage.
BaseFEX is a recently launched derivatives exchange with a promising future. Launched back in 2018, it offers a great user experience, minimal fees and good liquidity, but does it have what it takes to outrun BitMex?