Bitcoin Forum

I'm thinking about using "delta.exchange" for trading BTC. Does anyone have any opinions about this exchange?    good or bad?

Are you referring to this exchange?

I found an old ANN (https://bitcointalk.org/index.php?topic=5064426.0) thread (posted in 2018) but it didn't gain any traction. Only one comment


Also, I don't know what other traders think but a leverage up to 100x seems crazy to me. I wouldn't touch it. How did you get to know about this exchange? Are you familiar with how leverage trading works? If not, you should probably choose other exchanges.

Why would you want to use a less popular exchange like Delta exchange? Chances of you getting scammed are very high IMO. It's my first time hearing about it yet i am an active trader

We have other popular exchanges if you are interested in margin trading like Bitmex, Kumex (kucoin), even binance now offers margin trading.

I have not used Delta Exchange before. I have collected some info about Delta exchange, you can refer it here:

• Delta Exchange is a derivatives exchange that offers Bitcoin and Altcoin futures trading. That means it is an agreement between 2 parties to buy and sell coins at a specified date in the future.

• It supports Leveraged trading, you can open a trade larger than your current holdings by using borrowed funds. Check for more info here (https://www.delta.exchange/blog/leveraged-trading-guide-for-cryptocurrency-traders/).

• It allows Margin trading. It allows traders to take positions that are larger in size than the amount of capital put-up by the trader. The remaining amount for the position is financed by the exchange you are trading with. Read here (https://www.delta.exchange/blog/margin-trading-and-futures-trading-basics/) to know more.
  

Delta Exchange trading Fees:

It charges taker fees of 0.075% and it doesn't charge Maker fee and gives a discount of 0.025% on the trade. And they do not charge a withdrawal fee, a deposit fee and they only charge a network fee.

You can check the complete fee structure here (https://www.delta.exchange/fees/).

Reviews:

BITCOIN INSIDER (https://www.bitcoininsider.org/article/60885/delta-exchange-review-how-trade-crypto-futures-bitmex-killer)
cryptowisser (https://www.cryptowisser.com/exchange/delta-exchange/)
coingape (https://coingape.com/delta-exchange-review/)
cryptopotato (https://cryptopotato.com/how-to-trade-cryptocurrency-derivatives-on-delta-exchange-the-complete-guide-review/)

You can check Delta Exchange Trading volume, Trading fees, Trade pairs, and other cryptocurrency exchange info on coingecko.com/en/exchanges/delta_exchange (https://www.coingecko.com/en/exchanges/delta_exchange)


>> After checking all the details and reviewing about the exchange take your own decision before trading.

I've used them before to short BSV. No issues in terms of deposits/withdrawals.

However, just be aware that the markets that they do offer don't really have a lot of liquidity when you compare them to the likes of Bitmex and Deribit, so you might find liquidating large positions very difficult for small cap alts.

Otherwise, I'd say that you can trust them with small amounts at least until news comes out that they cannot be trusted. I'd only trade coins that I can't find traded elsewhere though.

The golden rule of choosing an exchange is to go with the most popular and 'trusted' exchange, don't touch small/unknown exchange if there's not enough reason to do it.

Trading BTC is obviously not a good reason to try an exchange with fairly low liquidity & reputation.

Fair, but trading pairs such as BSV/BTC have their volume almost exclusively on Delta.exchange, which leaves people little choice.

I would agree with the statement if it was BTC. As I said before, there are plenty of more reputable, established marketplaces with tons more liquidity when it comes to BTC/USD derivatives. But not for a lot of small cap altcoins that are only listed on delta.

Take a calculated risk, if you will. Don't put in too much.

People do always forgot this golden rule or i shall say that most are quite adventurous or too dumb enough to try out these new things.
So this https://www.delta.exchange/ site is similar to Bitmex.. We should put up on our minds that how this site will able to compete to popular
or most recognized by the public? unless if this post is purely trying to shill it out.

I reckon this suggestion.
Because of too much curiosity, people tend to trade or end up with websites and exchanges that we don't know and they don't even know. Some experience tells that it's okay there because they didn't experienced any issue but just to be safe with your money.
Don't make it difficult for you to choose a good and reputable exchange.