Delta Exchange : #TradersFirst Crypto Derivative Exchange Review
January 23, 2019 3:35 pm,
2017 saw a boom in the field of cryptocurrency. A currency that has been around for quite a few years, finally found its calling and the awareness this currency needed. Along with that and everything else going in blockchain, this currency is perfect to match up to the current era.
But is having just a currency enough? Think about the time cotton was used as a medium of currency in barter exchange and how the trading of cotton gave rise to the forwards market. The evolution of forwards moved onto futures and options. Today the world of derivatives is bustling with liquidity and information efficiency.
That is exactly what Delta Exchange is trying to do with the derivatives sector having cryptocurrency as the underlying asset. To take advantage of a well-equipped currency/asset and let traders make some money with the help of leverage.
What is Delta Exchange?
Founded in the year 2018, Delta Exchange is a platform for the trading of futures and derivatives as cryptocurrency as its underlying asset. Founded by Pankaj Balani, Jitender Tokas and Saurabh Goyal, this team has experienced members from the field of finance to technology to understand the needs of the traders from all points of view. To know more about the founders and the team you can read on here.
Delta Exchange provides a very user-friendly, easy to understand platform for all users. To make matters even easy, the signing up process on Delta Exchange can happen in as low as less than 1 minutes. Once the signing up is completed, one needs to transfer BTC in their wallet and that is it, you can now start trading BTC Futures, ETH Futures, XRP Futures, XLM futures anytime, anywhere.
With an active liquid market and a secure platform, traders will not be disappointed and execute trades at favourable levels. The best part about Delta Exchange – you can now trade on up to 100x leverage. Which means, with the minimum investment you get more exposure in your trades. To know more about leverage trading, read this article on guide to leverage trading here.
Trading Pairs on Delta
On Delta, you can take positions on any side of your view – Long or short. Delta exchange currently offers futures trading options on Bitcoin(BTC), Ether(ETH), Ripple (XRP) & Stellar(XLM). Below is a list of various futures contract available for trading on Delta Exchange.
BTC-USD Futures: Quoted in USD and settled in BTC
ETH-USD Futures: Quoted in USD and settled in ETH
XRP-USD Futures: Quoted in USD and settled in XRP
XLM- BTC Futures: Quoted in BTC and settled in BTC
Refer these links for more information.
Delta Exchange Referral Program
Imagine having a great user-friendly platform with high liquidity and BTC’s getting deposited into your account every time someone uses your code. Sounds like a dream? Well, not anymore. One of the key points about Delta Exchange is their attractive referral program. While most referral programs can sometimes be a pain, the referral program on this platform is simple to follow and execute.
1. Referred User Benefits
– 15% discount in trading fees for 6 months. This discount will be applicable to the actual commissions paid by the user, after adjusting for any other promotional discounts
– Fee structures may vary with contracts; discount will apply on all contracts.
2. Referrer Payouts
– You receive shares of the commissions paid by your referrals. This commission share is 25% for 1 year and then 10% for lifetime.
– The referral commission will be paid to you in whatever token/ cryptocurrency the trading fee was paid by the referred user.
– The commissions you earn from your referrals are credited to your account every Thursday between 3:30 pm – 4:30 pm UTC.
To know more about the rules, how to enter, how to refer, read these Delta Exchange affiliate program policies.
Depositing / Withdrawing BTC on Delta
One of the main intentions of Delta Exchange is to encourage more traders to start their portfolios in the futures market in the field of cryptocurrency. For that reason, they have ensured that their process is also easy to follow so as to not discourage traders. Right from having a 2 minute sign up procedure their depositing/withdrawing process is also an easy one.
Once you have made your account and signed in, go to your Account section. Once you are in the Account section open the “Deposit” tab and you will find the Bitcoin deposit address wherein you can deposit your BTC. There are no charges when you deposit BTC into your wallet. However, on withdrawing there are minimum charges. Minimum withdrawal amount is 0.001 BTC.
Please Note: At this point, you can only deposit BTC into your wallet; however there is a currency converter on the platform to exchange BTC to your desired cryptocurrency.
Is Delta Exchange safe?
Now comes to the main question to all viewers reading this. How safe is Delta Exchange? Just like the popularity of cryptocurrency increasing, the popularity of the frauds and hacks attached with it have also been increasing. No doubt, it can be a question of concern to many. However, with a state of the art technology, a great tech team backing it and the most secure firewalls, Delta Exchange is a secure platform to carry out your trades.
Delta Exchange has military-grade security. For additional security, withdrawals are processed only once a day with manual review. Delta Exchange also provides strong risk management and enterprise – grade – multi factor security for digital assets. Delta Exchange has a secure platform to ensure the safety of your BTC’s deposited in your wallet, so one less matter to worry about!