With ever-increasing demand and easiness of trading derivative products, platforms like Delta Exchange have gained a lot of traction in recent times. However, not every online platform is worth your attention, as there are some looking to dupe their clients. This is when the most unbiased and honest reviews come in handy. So today, we will analyze Delta Exchange review 2023 to determine whether it’s worth or not.
The exchange specializes in offering crypto futures and perpetual contracts. It claims to offer an innovative and advanced platform that makes derivatives trading convenient.
However, Delta Exchange reviews on the internet don’t seem to justify its claims. So, we decided to have a detailed look at the platform through this in-depth Delta Exchange Review 2023.
Delta Exchange Review 2023: Quick Overview
| Official Website | www.delta.exchange.com |
| Headquarters | Kingstown |
| Establishment Year | 2018 |
| Products Offered | Crypto Derivative, Crypto Futures and Perpetual Contracts |
| Minimum Deposit | $1 |
| Leverage | 1:100 |
| Native Token | DETO |
| Customer Support | 24/7 via Live Chat, Email & Support Centre |
Delta Exchange Review: What Is Delta Exchange?
Delta Exchange is a crypto derivative platform that offers to trade futures, perpetual swaps, options and interest rate swaps on Bitcoin and other cryptocurrencies with leverage of as high as 100x.
The platform was founded by financial industry experts Pankaj Balani and Jitender Tokas, who had worked with companies including Citigroup, UBS and Hotstar.
Apart from future crypto trading, the exchange offers an options chain and an easy option feature for trading more than 50 DeFi coins and altcoins, as per our Delta Exchange review. It also supports spot trading on Bitcoin, Ethereum, and 100 other altcoins, which is quite a good selection in comparison to its available alternatives.
As an advanced and sophisticated platform, it is more of a thing for professional crypto traders as beginners may find it difficult to trade on the Delta exchange. So, if you’re on the lookout for an intuitive Crypto trading platform, go with InvestFW.
Delta Exchange Review 2023: Is Delta Exchange Scam or LEGIT?
Yes, Delta Exchange is a scam as far as we reviewed its regulations and customers’ opinions. The exchange claims to be self-regulated, which raises red flags for its potential users.
Additionally, there are several complaints regarding its withdrawal. The security measures implemented by the platform don’t seem to be enough to prevent any cyber hack.
Considering all these points, we conclude that Delta Exchange is a scam, so you should avoid dealing with the exchange. Instead, choose a reliable and regulated platform like InvestFW for trading crypto.
Delta Exchange Review 2023: Pros & Cons
Delta Exchange has a good selection of tradable products; however, the platform lack some common features. Let’s look at some of Delta Exchange’s advantages and disadvantages
| Pros | Cons |
| Availability of all popular cryptocurrencies | No fiat supported |
| Generous Referral Program | Lacks phone support |
| Low minimum deposit requirement | Unregulated exchange |
| Insurance fund of up to $2 million | |
| High leverage up to 1:100 | |
| Bug Bounty program | |
| Robo trading |
Delta Exchange Fees Reviewed: Is It According to Industry Standard?
Delta Exchange charges fees in Taker/Maker model, along with a settlement fee that starts from 0.03%. In accordance with the global industry standards, the Delta exchange fees are quite on the higher side.
Let’s take a detailed look at Delta Exchange fee structure:
| Product | Taker Fee | Maker Fee | Settlement Fee |
| Inverse Futures | 0.05% | 0.02% | 0.05% |
| USDT Linear Futures | 0.05% | 0.02% | 0.05% |
| ALT-BTC Futures | 0.1% | 0.1% | 0.1% |
| Commodity Futures | – | – | – |
| Options | 0.03% | 0.03% | 0.03% |
| MOVE | 0.03% | 0.03% | 0.03% |
| IRS | – | – | – |
| Calendar Spreads | – | – | – |
| Spot | 0.05% | 0.05% | – |
Delta Exchange doesn’t charge any fees for deposits, but users are subject to pay charges for withdrawals. However, DETO holders (Delta Exchange native token) are free from paying any fee on withdrawals.
Delta Exchange Withdrawal Fees?
| Cryptocurrency | Network | Withdrawal Fees |
| USDT | ERC20 | 25 USDT |
| USDT | BEP20 (BSC) | 1 USDT |
| USDT | TRC20 (TRON) | 1 USDT |
| USDT | BEP20 (BSC) | 1 USDT |
| USDT | ERC20 | 25 USDT |
| BTC | BTC | 0.0005 BTC |
| DETO | ERC20 | 50 DETO |
| DETO | BEP20 (BSC) | 5 DETO |
| ETH | ERC20 | 0.005 ETH |
| ETH | BEP20 (BSC) | 0.0001 ETH |
| XRP | XRP | 0.25 XRP |
| SOL | SOLANA | 0.01 SOL |
| SOL | BEP20 (BSC) | 0.01 SOL |
Our Thoughts: The worst part of using Delta services is its high fee charges. The fee structure is based on Taker/Maker model. But withdrawal and settlement fees should be waived.
Delta Exchange Review 2023: Payment Methods For Deposits & Withdrawal?
The most distressing part of using Delta Exchange was its limited deposit and withdrawal methods. It doesn’t support fiat or other payment methods like credit or debit cards. The platform is limited to just Crypto deposits. Let’s check out Delta Exchange deposit & withdrawal methods with minimum requirements.
| Cryptocurrency | Network | Minimum Deposit | Minimum Withdrawal |
| USDT | ERC20 | N/A | 30 USDT |
| USDT | BEP20 (BSC) | N/A | 30 USDT |
| USDT | TRC20 (TRON) | N/A | 30 USDT |
| USDT | BEP20 (BSC) | N/A | 30 USDT |
| USDT | ERC20 | N/A | 30 USDT |
| BTC | BTC | N/A | 0.001 BTC |
| DETO | ERC20 | N/A | 500 DETO |
| DETO | BEP20 (BSC) | N/A | 500 DETO |
| ETH | ERC20 | N/A | 0.01 ETH |
| ETH | BEP20 (BSC) | N/A | 0.01 ETH |
| XRP | XRP | N/A | 30 XRP |
| SOL | SOLANA | N/A | 0.02 SOL |
| SOL | BEP20 (BSC) | N/A | 0.02 SOL |
What Are The Services Offered By The Delta Exchange?
Delta Exchange India majorly focuses on providing three services: Crypto Trading, Options Trading and Investing. Let’s briefly discuss these services and find out whether it’s worth your deposit.
Futures Trading
Delta Exchange offers to trade futures on Bitcoin, Ethereum and other altcoins available on the platform. The futures are margined and settled in USDC.
Spot Trading
The spot trading facility on the platform lets traders buy or sell cryptocurrencies instantly on the current exchange rates.
MOVE Trading
The MOVE trading feature was introduced in 2020. The MOVE Options allow traders to speculate on the size of crypto pair movements. If you speculate a big movement, then you should go long MOVE. If you anticipate a small movement, then you should go short MOVE.
Indices Trading
Delta Exchange’s index DEXBT/USD tracks the price of BTC in USD terms. This index is calculated from the prices available at Bitstamp, Coinbase and Kraken.
Delta OTC
The platform has an over-the-counter (OTC) trading desk that allows traders to trade in large quantities in futures and perpetual contracts on cryptos.
Options Chain
Delta Exchange offers USDT-settled Options on various cryptocurrencies at the lowest fees of 0.03%. The platform provides an Options-chain user interface with features like Bracket Orders, Portfolio Margin, Options Strategy builder and more.
Easy Options
Easy Option is a new feature added recently to the platform. It works exactly like Options trading and is available for cryptocurrencies like BTC, ETH, SOL, BNB, XRP and Chainlink.
The available features of the service include Basket Orders, Strategy Builder, Effective Margining Scheme, Deep OTM/IM Options and PNL Analytics.
Robo Strategies
The platform allows traders to choose a suitable strategy based on their return expectations and risk appetite.
Staking Pools
Delta allows users to stake their cryptocurrencies and get rewards in return. The platform reward all stakeholders with DETO for their computational resources’ contributions.
How To Open An Account On Delta Exchange?
The Delta Exchange account opening experience was good. It took only a few minutes for account activation. Here’s a step-by-step process to open an account on Delta Exchange:
- Firstly, visit the website of the exchange and tap the sign-in button.
- Enter your registered mail id and password.
- The next step is to click sign-in, where the user will sign in to their account using the Delta Exchange login credentials.
What Can You Trade On Delta Exchange?
The crypto offering is the only part of the platform that is impressive. The long list of available cryptocurrencies and crypto pairs is no less than a benefit for Crypto traders.
Through our detailed Delta Exchange review 2023, have a look at some major cryptos available on the platform:
| Cryptocurrencies | Crypto Trading Pairs |
| Bitcoin (BTC) | BTC/USDT |
| Binance Coin (BNB) | ETH/USDT |
| Bitcoin SV (BSV) | SOL/USDT |
| Basic Attention Token (BAT) | TRX/USDT |
| Ethereum (ETH) | XRP/USDT |
| Litecoin (LTC) | ETH/USD |
| Chainlink (LINK) | BTC/USD |
| LEOcoin (LEO) | BNB/USDT |
| Matic Network (MATIC) | SHIB/USDT |
| Monero (XMR) | LINK/USDT |
| USD Coin (USDC) | LTC/USDT |
| Ripple (XRP) | ATOM/USDT |
| Stellar Lumens (XLM) | MATIC/USDT |
| Tezos (XTZ) | DOT/USDT |
| Tether (USDT) | UNI/USDT |
Delta Exchange Review 2023: User-Interface
The exchange’s user interface is clean and responsive. It offers services through two modes: Website (Desktop Platform) and Delta Exchange App (Mobile Platform).
Web Version
The desktop version of the platform is quite intuitive and user-friendly. You can navigate every option available on the homepage, and it redirects you to a new page. The feature icons are quick and responsive. You can get everything in one place; just click on the icon. In addition to the web version, the platform has a proprietary mobile application.
Delta Exchange App
The Delta trading app can help you trade on the go. Just like the web version, it also offers trading on futures, perpetual swaps, options and interest rate swaps. Additionally, the application is available for both iOS and Android users. You can also download the Delta exchange APK by scanning the QR code available on its official website.
Delta Exchange Wallet Review 2023
Delta Exchange India offers a crypto wallet to store the user’s purchases. The users can opt for Delta Exchange wallet services, while registering the platform and they can send their BTC by using the wallet address.
To execute any transaction the user should have a few bitcoins in their wallet, as the platform only supports BTC deposits.
Delta Exchange Review 2023: Promotions & Referral Program
Delta often runs many promotional programs to attract new users and provide discounts to existing ones. So, we scrolled the exchange’s website to take a tour of its ongoing offers and earning program.
Currently, the platform is offering a big bounty and referral program through which users can earn while trading on the platform.
Delta Exchange Referral Program
In order to increase the trading volume on its platform, Delta offers generous referral programs and deposit bonuses. Existing users can refer the platform to their contacts.
For every successful referral, you will receive a commission of 15% for the first year and 10% for a lifetime.
Delta Exchange India Promocode
- New 100: Earn a 10% bonus of up to $100 on a deposit in BTC/ETH/USDT/XRP.
- Buy a DETO token and save 18%* on the trading fee.
- 5000 DETO holders can avail of unlimited zero-fee withdrawals.
Delta Exchange Bug Bounty Program
The bug bounty program invites people to find bugs on the platform and earn rewards. It helps the platform to improve and enhance.
Delta Exchange Review: Educational & Research Support
The educational and research support section of the platform is quite appreciable. It allows users to use advanced trading tools like
- Mock Trading
- Options Analytics
- Analytics
- API Docs
- Trading Blogs
Delta Exchange Review 2023: Customer Support
Delta exchange India offers average customer support; the worst part is that it lacks phone support. The only way to talk to the customer care representative is through live chat.
Alternatively, there is email support too, but its response was unacceptable. Users can opt for a user guide and extensive support center to get quick answers to their queries.
Email Support: [email protected]
Delta Exchange Alternatives
To the investors, who are considering trading with the platform or are in the mood of switching, there are way better alternatives available today. Let’s compare them with Delta:
Delta Exchange vs InvestFW
| Features | Delta Exchange | InvestFW |
| Products | Crypto | Forex, Commodities, Cryptos, Indexes, Stocks |
| Regulations | Not Regulated | CySEC |
| Minimum Deposit | $0 | $250 |
| Withdrawal Fees | Varies | N/A |
| Demo Account | N/A | Yes |
Delta Exchange vs Gate.io
| Features | Delta Exchange | Gate.io |
| Products | Crypto | Crypto |
| Regulations | Not Regulated | Not Regulated |
| Minimum Deposit | $0 | $10 |
| Withdrawal Fees | Varies | 0.001 BTC for Bitcoin |
| Demo Account | N/A | Yes |
Delta Exchange vs CoinDCX
| Features | Delta Exchange | CoinDCX |
| Products | Crypto | Crypto |
| Regulations | Not Regulated | Not Regulated |
| Minimum Deposit | $0 | $100 |
| Withdrawal Fees | Varies | 0.0005 BTC per BTC-withdrawal |
| Demo Account | N/A | Yes |
After considering the available options, we can term InvestFW to be the most appropriate alternative to Delta Exchange as it is well regulated, offers a demo trading account and has other assets to trade in, including Forex, Commodities, Stocks and Indices.
Final Words On Delta Exchange Review 2023
After going through this detailed Delta Exchange review, we can say the platform is good for trading derivatives and cryptocurrency futures. However, the lack of regulation and safety measures is where the exchange needs improvement.
But if you want to trade with a regulated crypto trading platform, you can with InvestFW and InvestBy. The platform is well-regulated and takes strict security measures to ensure clients’ funds’ safety.
FAQs
How Can I Contact Delta Exchange Customer Support?
You can contact Delta exchange customer support via live chat and email support 24×7. You can email your queries to [email protected].
How Long Does Delta Withdrawal Take?
The platform process majority of withdrawals within 30 minutes; some withdrawals may take up to 24 hours.
Who Is The Owner Of Delta Exchange?
The platform was founded by financial industry experts Pankaj Balani and Jitender Tokas, who had worked with companies including Citigroup, UBS and Hotstar.
Is Delta An Indian Exchange?
Yes, Delta is an Indian crypto exchange. The platform is however registered in Kingston.
Is Delta Exchange Regulated?
No, Delta Exchange is not regulated by any financial regulator. The platform is purely a scam considering the customer’s reviews on the internet.
Is It Safe To Connect Delta To Exchange?
Yes, Delta is safe to connect to exchange as the platform does not allow its users to make trades on their exchange accounts via its app.
Does Delta Exchange Require KYC?
Yes, Delta exchange requires KYC for carrying out trading activities on its platform. The KYC requirements include Legal Name, DOB, Verified phone number, PAN and Aadhar Card.
Is Delta A Good Trading Platform?
Yes, Delta is a good trading platform but lacks safety and regulations and thus, should be avoided.
How Do Options Contracts Work At Delta Exchange?
Delta Exchange offers USDT-settled Options on various cryptocurrencies at the lowest fees of 0.03%. The platform provides an Options-chain user interface with features like Bracket Orders, Portfolio Margin, Options Strategy builder and more.
How Do I Withdraw Money From Delta?
To Withdraw Money From Delta Exchange, follow these simple steps:
- Sign in to your account, and Click on the Wallet icon.
- Now, tap on the Withdrawal button and select your crypto coin and network.
- Enter the destination address and withdrawal amount.
- Now click on Submit Withdrawal Request icon.
Is Delta Exchange SEBI Registered?
No, Delta is not SEBI registered Crypto exchange. Additionally, it is not regulated by any financial regulator. In fact, it is not even registered in India.
Can I Deposit USD To My Delta Exchange Account?
No, you can only make deposits in Bitcoin and USDT to your Delta account.
How Do I Deposit Money Into Delta Exchange?
To Deposit Money Into Delta Exchange, follow these simple steps:
- Login to your Delta Exchange mobile or web platform
- Go to your portfolio and click on Deposits.
- Now, select ‘Instant Deposit’ and select your preferred payment method.
- Open your Bank app and click on Fund Transfer and submit your request.
Is Delta Safe For Crypto?
Yes, Delta is safe for crypto trading; however, it lacks regulations and key safety measures, which raises a red flag over its security.
How Do I Use Delta Exchange?
The platform can be used to trade futures, perpetual swaps, options and interest rate swaps on Bitcoin and other cryptocurrencies
Why Trade Crypto Futures On Delta Exchange?
The futures trading on Delta Exchange offers high leverage up to 100x, the ability to go both long and tighter spreads and deeper order books.
Does Delta Exchange Have An App?
Yes, Delta exchange has an app that can help you trade on the go. Just like the web version, it also offers trading on futures, perpetual swaps, options and interest rate swaps. Additionally, the application is available for both iOS and Android users. You can also download the Delta exchange APK by scanning the QR code available on its official website.
Can I Transfer Crypto From Binance To Delta Exchange?
Yes, you can transfer Crypto from Binance to Delta Exchnage easily. All you need s a correct wallet address.
Is Delta App Crypto Safe?
Yes, Delta is safe for crypto trading; however, it lacks regulations and key safety measures, which raises a red flag over its security.
Is Delta Exchange An Indian Company?
Yes, Delta is an Indian crypto exchange founded by the Indian financial industry experts Pankaj Balani and Jitender Tokas. However, the platform is registered in Kingston.
Can We Deposit INR In Delta Exchange?
Yes, the platform allows making deposits in INR but in special circumstances. To deposit INR into your account, you’ll first need to complete the KYC process.
What Is Leverage In Delta Exchange?
Delta Exchange offers users to trade all derivative contracts on leverage. The maximum leverage ratio may vary from contract to contract and it’s 100x for certain contracts. This means with 1 BTC, you can open a position of up to 200 BTC.
What Exchanges Does Delta Support?
The Delta-supported exchanges include Binance, Binance US, Bit-Z, Bit4you, Bitfinex, CoinSpot, Coinbase, Coinbase Pro, Bitpanda Pro, Bitstamp, Huobi, Kraken, KuCoin, OKX, Bittrex, Cex.io, Coinbene, Crypto.com, Digifinex, FTX Pro, Gemini, HitBTC and Poloniex.
How To Recover My Money From Delta Exchange?
To recover your struck money from the Delta exchange, we advise you to wait for the timeframes given by the platform. If it still does not work, contact customer support at [email protected].
Is Delta Exchange Fraud?
Yes, Delta Exchange is a fraud as it is not regulated by any global or domestic financial regulator. Additionally, the platform fails to implement key security measures, increasing the risk of cyber attacks.
What Is Delta Exchange Token?
The Delta Exchange token or DETO is the utility token of the Delta Exchange platform. The token was created to incentivize and reward the exchange’s loyal clients.
What Is Delta Exchange Token Price?
The Delta Exchange token price or DETO token price today is $0.14, which is approx Rs. 11.38.
Is DETO A Good Investment?
DETO can be a profitable investment option if you are looking for virtual currencies with good returns as the token is expected to offer 1000x times in the next 5 years.
Where I Can Buy DETO Token?
You can buy DETO tokens on all popular exchanges, including its own Delta Exchange, Binance, Pancakeswap or Uniswap.
Is Delta Exchange Decentralized?
Yes, Delta exchange is decentralized as it is not regulated by any central authority. Read our complete Delta Exchange review for more details.
Who Founded Delta Exchange?
The platform was founded by financial industry experts Pankaj Balani and Jitender Tokas, who had worked with companies including Citigroup, UBS and Hotstar.
Is Delta A Crypto Wallet?
Delta Exchange is not a Crypto wallet, but it offers wallet services to store the user’s purchases. While registering for the platform, the users can opt for Delta Exchange wallet services and by using the wallet address, they can send their BTC.
What Is Delta Crypto?
The Delta Exchange token or DETO, is the utility token of the Delta Exchange platform. The token was created to incentivize and reward the exchange’s loyal clients.
Can I Cancel My Withdrawal Request on Delta Exchange?
Yes, you can cancel your withdrawal request on Delta Exchange. However, you will need to do it before the withdrawal processing time, i.e. 12 pm UTC.
What Fees Do I Incur For A Strategy Subscription on Delta Exchange?
For A Strategy Subscription on Delta Exchange, the charged fees include management, performance, and Exit load fees.
