Trade Life Cycle
Delta Exchange has two funding currencies - BTC and USDT. This means that you can deposit eithe bitcoins or Tether (USDT) to your Delta wallet and withdraw only bitcoins or USDT from your Delta wallet. After logging on to Delta Exchange, you need to go to your Account Page to get your bitcoin/ USDT deposit address and to learn how to withdraw bitcoin/ USDT from Delta Exchange.
All the derivative contracts on Delta Exchange are margined and settled in either BTC or USDT. For the convenience of our traders, we give them a way to convert BTC to USDT or vice versa through our currency converter tool
It is worth noting that the exchange rate offered in the currency conversion is in line with the prevailing rates at the top spot exchanges. Further, currency conversion doesn’t attract any trading fees.
Orders can be placed in Place Order Panel in the trading dashboard. We support both basic order types (e.g. limit order and market orders) as well as several advanced order types (e.g. Stop orders and bracket orders). Details of the all the supported order types are available here
A new order is allowed to be submitted to the exchange only if the trader has sufficient balance available to reserve the order margin. Order margin computation happens in one of the two ways:
- Trader doesn’t have an existing position in the contract: the system computes the initial margin that would be required if this position is acquired. This is the amount that is blocked as order margin.
- Trader has an existing position in the contract: in this case, the system computes the margin required for the updated overall position after the placed order has been executed. The difference between this computed margin requirement and the current position margin is what is additionally needed for this order. This is the amount that is block as order margin.
You can square off a position in a derivatives contract in the exchange. Position that are held till maturity are cash settled at a price that is computed using the settlement method described in the contract specifications.