Delta Exchange Review
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.
|Supported Trading Coins||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).|
|Supported Payment Methods||Bitcoin wallet transfers|
|Supported Countries||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|
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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.
Is Delta Exchange Safe?
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 Exchange Wallet
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.
These are some other wallets that we recommend you can use in addition to Delta’s wallet:
How to Sign Up on Delta Exchange
Creating a new Delta Exchange account is extremely fast and simple. All you need to do is:
- Visit the Delta Exchange website
- Click on the ‘Get Started’ button in the centre of your screen
- Enter your details
- Click on ‘Register’
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.
How to Log in on Delta Exchange
Once you have opened a Delta Exchange account you can log in in the following way:
- Visit the Delta Exchange website
- Click on the ‘Sign In’ button located on the top navigation bar
- Enter your registered email and password
- Click on ‘Sign In’
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.
How to Buy Digital Currency on Delta Exchange
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.
How to Place a Futures Order
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:
- Select the futures contract you wish to trade, such as BTC/USD, from the top justify-hand side dropdown menu
- Use the form on the right-hand side to create your order, including setting automatic limits, setting your desired leverage, and selecting between a buy long or short position
- Click on ‘Place Order’ and await confirmation
It’s really that simple to begin your journey in Furtures’ Orders.
How to Cash Out on Delta Exchange
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.
Check out our recommended crypto casinos where you can deposit and play with Bitcoin and more, once you withdraw on Delta:
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.
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Is Delta Scam or Not?
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