Delta Exchange - Anyone use it? | Bitcointalksearch.org

internetional

legendary

Activity: 1610

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Quote from: Bitcoin_Arena on May 20, 2022, 05:50:33 PM

I suggest you read the reviews
- https://www.trustpilot.com/review/www.delta.exchange
- https://play.google.com/store/apps/details?id=exchange.delta&showAllReviews=true

Why do I see only one review in the Play Market? More than 500K downloads, and only one review - this is weird.

I found this exchange a couple of months ago. I see one big advantage here: minimum size of a BTC option is only 0.001 BTC. (On Deribit it is 0.1 BTC, on OKX and Bybit it is 0.01 BTC.)

The spreads are narrow, trading volumes are enough for traders who operate small positions.

But there are two disadvantages.
1. USDT is the only asset allowed to use for options trading. I consider this stablecoin too risky.
2. Withdrawals are processed only once a day: between 12 PM UTC and 3 PM UTC. Moreover, in their support chat https://t.me/deltaexchat, I see that every day there are one or two posts about withdrawal delays for more than 24 hours.

Anyway, I decided to give it a try. Yesterday I requested my first withdrawal. Let's check whether I receive my funds today or not.

lixer

hero member

Activity: 2688

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Quote from: adaseb on May 20, 2022, 11:17:38 AM

Just wondering if anyone has any experience with delta.exchange? The volume seems low but not too low. KYC is required but just a verified phone number.

Is this exchange related to that failed Defi Deltaexchange from 2018?

Please reply if you used or are using this exchange.

It sounds like the late etherdelta and forkdelta but only these two are a decentralized type of exchange while this one we have here is centralized since they ask for a phone number. I don't consider that as a kyc but a kyc to me is when you have been ask by a valid ID cards or passports and also undergone to a live selfie.

This exchange can also be related to that defi exchange that you mentioned because both names are also identical to each other but the only way to find out or to be more sure is to visit them and start comparing them with the other site that you know. You can also message the costumer support directly and ask about this matter.

abel1337

legendary

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Quote from: sklopan on May 23, 2022, 11:19:23 AM

What is an exchanger? I don’t quite understand the point of creating a separate topic against the background of the fact that now it’s not difficult to find an exchanger.

There are few reasons.

delta.exchange seems a centralized exchange compared to etherdelta(2018failedexchange) which is decentralized. Both are different in many ways.

other top exchanges might not be available in his country that results him to find low key/new exchanges.

there might be a certain coin that he want to trade that is only listed on that exchange.

sklopan

jr. member

Activity: 98

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What is an exchanger? I don’t quite understand the point of creating a separate topic against the background of the fact that now it’s not difficult to find an exchanger.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Not familiar, and it's to dangerous to trust in any exchanges out there that showing low volumes because you know there's a bunch of scammers in the space, and it seems new in my view tbh. Actually it's been how many years that i become a trader and i never heard such platforms , and for me IMO perhaps much better to rely which is more reliable to use and what's popular to assure everything will gonna be alright and also to prevent losses because these days its too easy to create an exchange but mostly just to scam traders..

crwth

copper member

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https://linktr.ee/crwthopia

I wasn't able to use that but upon checking it in Coinmarketcap^[1], it doesn't have a large volume and it's best to be used with perpetual pairs and not other markets with spot or futures. They only got a single pair on it though.

They look like they are very active and it looks very interesting in terms of the site. Like when you look at the footer, it includes everything you need to know about what they have to offer.

They have offers^[2] as well which looks like a very interesting feature that you have on.

References:

[1] - https://coinmarketcap.com/exchanges/delta-exchange/
[2] - https://www.delta.exchange/offers

The_honey_bager

jr. member

Activity: 42

Merit: 6

Quote from: ?? on ??

Quote from: The_honey_bager on May 20, 2022, 06:06:16 PM

Delta Exchange has very rare features in the derivatives market. As an example, you can write secured cash puts options there. This is not available on the biggest exchanges (Binance, FTX) outside the US afaik.

This can hardly be called an advantage of the exchange. This is a very specific type of trading and most will never use these derivatives trading tools. The same dubious advantage as trading with x200 leverage. Yes, there is, but few people are interested in it. The same is true with these options functions.

I'm sorry, comparing trading with x200 leverage on future with writing secured cash puts options make not sense. Especially when dealing with Bitcoin.

FYI options trading is harder to understand at the beginning than future. That's the main reason why it is not as popular as future. However, it offers many advantages over future in many situations. Many veteran traders are only trading options. Maybe less in crypto because the market is very young and the offering on options is still very limited.

tazmantasik

hero member

Activity: 1113

Merit: 507

Don't Get Involved

Here first time I know about Delta Exchange market, by the way could you sent us link associated with Delta Exchange market? When this exchange have open to pubic and I still blame why not use and never found with Delta Exchange market. I think to know about trust or not better checking on CMC first and see there about feedback respond from costumer, that are really trusted exchange with Delta Exchange market or still less reputation and worry if try invest several altcoin there.

Nrcewker

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Quote from: adaseb on May 20, 2022, 11:17:38 AM

Just wondering if anyone has any experience with delta.exchange? The volume seems low but not too low. KYC is required but just a verified phone number.

Is this exchange related to that failed Defi Deltaexchange from 2018?

Please reply if you used or are using this exchange.

Bro to be honest I haven’t used the exchange.
But upon doing some research, I found some info about the exchange in YouTube, many people have done a video on the exchange.
There are two possibilities now, first of all the exchange is legit, so the people using it and making videos by reviewing it, else the exchange has done some paid promotions with the small Youtubers.
It would be better if you just go for trusted exchanges like Binance or Kucoin. They are the best and no hassle with the security.
Rest is upto you bro.

The_honey_bager

jr. member

Activity: 42

Merit: 6

Quote from: adaseb on May 20, 2022, 09:20:54 PM

The reason why I want to use it is mostly due to the options.

You can also check Deribit.com that is in business since 2016 for bitcoin options trading. If you are in the US, there is LedgerX bought by FTX and now part of FTX.us (for Americans only). LedgerX is a regulated exchange fwiw.

tbct_mt2

hero member

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Quote from: Potato Chips on May 20, 2022, 06:58:22 PM

I don't think so. I couldn't find anything about delta.exchange launching defi. According to data, they were in business since 2018 and there were no signs of rebranding during that time either.

Perhaps you have an exact link of the suspected exchange related to the failed defi?

I search on Coinmarketcap and find Delta exchange with only one trading pair (given my Coinmarketcap SOL / USDT)

When I visit the exchange, there are more trading pairs so it seems the exchange has very low trading volume on most of their trading pairs.

A little bit more pairs on CoinGecko for Delta spot trading

adaseb

legendary

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Yeah I made a mistake with the name. I forgot it was called EtherDelta and the Delta made it should similar especially since it also had an “E” in the half of the name.

Either way. The reason why I want to use it is mostly due to the options. Not for the BTCUSD perp futures which I can trade anywhere. There aren’t too many exchanges out there with BTC options and they seem pretty liquid.

Potato Chips

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yesssir! 🫡

Quote from: adaseb on May 20, 2022, 11:17:38 AM

Is this exchange related to that failed Defi Deltaexchange from 2018?

I don't think so. I couldn't find anything about delta.exchange launching defi. According to data, they were in business since 2018 and there were no signs of rebranding during that time either.

Perhaps you have an exact link of the suspected exchange related to the failed defi?

The_honey_bager

jr. member

Activity: 42

Merit: 6

Quote from: ?? on ??

Quote from: adaseb on May 20, 2022, 11:17:38 AM

Just wondering if anyone has any experience with delta.exchange? The volume seems low but not too low. KYC is required but just a verified phone number.

it doesn't have any advantages to opt for this exchange and refuse such well-known exchanges as OKEX or KuCoin, which have EVERYTHING better. And also no KYC. I just don’t see the point in this, especially since this is a derivatives exchange.

- OKEX is not available in every jurisdictions.

- You can't trade options on KuCoin

Delta Exchange has very rare features in the derivatives market. As a example, you can write secured cash puts options there. This is not available on the biggest exchanges (Binance, FTX) outside the US afaik.

Bitcoin_Arena

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Quote from: ?? on ??

I just don’t see the point in this, especially since this is a derivatives exchange.

Maybe OP is looking for products that are not offered by the popular derivatives exchanges

Quote from: rhomelmabini on May 20, 2022, 04:27:25 PM

You mean Etherdelta that was a decentralized exchange way back when the likes of Uniswap wasn't a thing? I remember that one but I think you need to connect it only with a browser extension wallet like Metamask but before it was MyEtherWallet is the trend. I don't know if they are related but I feel the likes that they are somehow connected in some way, I could be wrong too.

No OP is asking about Delta.exchange not Etherdelta. The two are different

I have never used the exchange before but after looking at the reviews on trustpilot and google play, the most common complaints are
1. Slow withdrawals that can take more than 24 hours at times
2. They have a habit of suspending the markets when the market crashes, even the most recent crash
3. App freezes at times during volatile markets. You don't want that to happen when you have an open position.

I suggest you read the reviews
- https://www.trustpilot.com/review/www.delta.exchange
- https://play.google.com/store/apps/details?id=exchange.delta&showAllReviews=true

goaldigger

sr. member

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Haven’t heard this one before, any reason why using it instead of the best exchanges in the market?
Volume can be manipulated, if that exchange seems too good to be true better not to use it.
Though it looks good for staying in the market for 4 years now and still have that volume, but to be more safe better to go for the best exchange and if you are going to trade some tokens try to look for the safer exchange where that token is listed to avoid any problem in the future.

rhomelmabini

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Quote from: adaseb on May 20, 2022, 11:17:38 AM

Just wondering if anyone has any experience with delta.exchange? The volume seems low but not too low. KYC is required but just a verified phone number.

Is this exchange related to that failed Defi Deltaexchange from 2018?

Please reply if you used or are using this exchange.

You mean Etherdelta that was a decentralized exchange way back when the likes of Uniswap wasn't a thing? I remember that one but I think you need to connect it only with a browser extension wallet like Metamask but before it was MyEtherWallet is the trend. I don't know if they are related but I feel the likes that they are somehow connected in some way, I could be wrong too.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Never heard anything about these.

Please, a little bit advice for you. Never trust anything by "Volume" information from exchange, most of exchange have insider bot doing a wash trading to make a fake volume. So they have a good total volume trading to raise their exchange rank.

It's really simple to see the trading history is fake or not, you just need to see from history trading. Most of wash trading from the exchange it self, have a same interval trading time, the amount really small, and most of the history always have a small different token.

The_honey_bager

jr. member

Activity: 42

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Quote from: sklopan on May 20, 2022, 01:47:01 PM

And how is it critically different from other exchangers then?

It is primary a derivative exchange and it is the only crypto native exchange as far as I know that you can trade options on Bitcoin with stablecoin outside the US. They have also a few other unique features.

I'm also in the process of reviewing this exchange to see if it would be worth opening a account for myself. They seems secure and well-managed but they are not regulated and they exist only since 2018 if I'm not mistaken.

sklopan

jr. member

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And how is it critically different from other exchangers then? To be honest, I don't see much difference now.

adaseb

legendary

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Just wondering if anyone has any experience with delta.exchange? The volume seems low but not too low. KYC is required but just a verified phone number.

Is this exchange related to that failed Defi Deltaexchange from 2018?

Please reply if you used or are using this exchange.

Topic: Delta Exchange - Anyone use it? (Read 249 times)