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Delta Exchange, an online cryptocurrency platform for derivatives trading has been the buzz word in the crypto space over the last couple of months. With the rise in demand for cryptocurrency derivative platforms to take long and short positions, the popularity of Delta Exchange has also been increasing.
Delta exchange allows you to trade Bitcoin, Ether, Ripple & Stellar futures with upto 100x leverage. Delta aims at building a highly liquid #TradersFirst derivatives platform.
But is Delta safe? Can the trades on this platform be well executed and are the deposits of BTC secure? This article aims to answers all the questions regarding the safety of Delta exchange and whether it is a good marketplace to trade or no.
Delta Exchange: Founders And Company Information
Delta Exchange was founded in 2017 by individuals who have vast and deep knowledge in the fields of finance and technology. The advisory team consists of, Prof. Bhagwan Chowdhry who is also a mentor to Stellar Lumen. Stani Kulechov, a prominent figure in the crypto space and CEO of ETHLend. The founding team of Delta Exchange has also worked with Wall Street firms like Citigroup and UBS and has raised money from the likes of Softbank and Sequoia for their prior ventures.
With such a strong backing and founders with vast experience, the ground for Delta Exchange seems strong and positive. The team knows what they’re doing, what the traders want and are building a very easy to understand interface around that.
Signing Up On Delta, Deposits And Withdrawals
Now that you know about Delta exchange and its founders, let’s move onto how to sign up and deposit BTC’s. Once you go to – https://www.delta.exchange/ there is an option on the top handlebar to Sign-in/Register.
The entire process to sign up is a 2-minute task. The process requires you to provide your name, email id and a few other details. Once that is done, your account has been registered and you will receive an email. You need to verify your account by following the steps sent in the email by Delta team.
Once your account has been verified, you can deposit BTC into your account. Please note that at this moment, Delta only allows deposits/withdrawals of BTC on their site. However, through their option of ‘currency conversion,’ the BTCs can be converted into other cryptocurrencies for trading purposes. Deposits are completely free of charge on Delta Exchange while withdrawals have a minimum fee attached to it.
The table below explains the costs incurred while withdrawing BTC from Delta Exchange.
Cryptocurrency |
Min Withdrawal |
Max Withdrawal ( per day ) |
Withdrawal Fee |
BTC | 0.001 BTC | 2 BTC/ day | Depends upon the state of Bitcoin Network |
If you are new to crypto derivatives and want to get started, do checkout this guide to bitcoin futures trading. Delta exchange also offers a mock trading terminal for newbies to try out before moving onto real trading.
Trading Pairs on Delta Exchange
Delta exchange allows users to trade futures on cryptocurrencies such as BTC, XRP, XLM and ETH with upto 100x leverage. While the deposits are only in BTC they can be easily converted to other currency through their currency converter option.
BTC Settled Contracts On Delta Exchange
BTC-USD: Quoted in USD | Settled & margined in BTC
XLM-USD: Quoted in BTC | Settled & margined in BTC
Delta has now even introduced Quanto Futures which are settled in stablecoins. Delta is the first ever cryptocurrency platform to introduce stablecoins in derivative trading. All the trades on Quanto futures are margined and settled in USDC. USDC is always pegged @ 1 USD and this reduces the risk in price volatility of BTC when the contracts are settled in BTC.
USDC Settled Contracts On Delta Exchange (Quanto Futures):
BTC–USDQ: Quoted in USD and settled and margined in USDC
ETH–USDQ: Quoted in USD and settled and margined in USDC
XRP–USDQ: Quoted in USD and settled and margined in USDC
Delta team also intend to launch the Perpetual Swaps pretty soon to give more trading options to traders.
Safety On Delta Exchange
Coming to the important part about Delta Exchange, safety is one of the top priorities of Delta. They provide their traders with the state of the art firewalls and security encryption. Till date, Delta has not been a victim in any security hacks, increasing the faith of the traders.
Delta Exchange has enterprise-grade security and stores crypto in multi-sig wallets. For additional security, withdrawals are processed only once a day with manual review. The reviews from third-party users have also been positive with no issues of BTC withdrawals. So, it is safe to say that Delta Exchange is safe to carry out trades in the cryptocurrency futures market.
Referral Program - Delta Exchange
To gain traction and increase the volumes on Delta, Delta is providing its users with some really attractive referral programs and deposit bonuses. Once you have started using Delta and are liking the entire interface and the platform for transactions, you can recommend Delta to users and traders.
If someone uses your referral code to join Delta, you receive a commission share of 25% for the 1st year and 10% for lifetime. The referral commission will be paid to you in whatever token/cryptocurrency the trading fee was paid by the referred user.
There are a few rules you need to keep in mind about the referral program. You can find the link to the same here - https://www.delta.exchange/referral-program/
100% Deposit Match Offer: Delta exchange matches your first deposit upto 0.01 BTC. You can claim this bonus by clicking here - https://www.delta.exchange/100-deposit-bonus/
Conclusion
At this moment, Delta Exchange seems like a pretty good platform for someone who has sound knowledge in the fields of derivatives, cryptocurrency, margin trading and technical analysis to trade on in the cryptocurrency space. The security provided by Delta is definitely noteworthy and the interface is completely user-friendly and easy to understand.
Delta Exchange Social Profiles:
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.