How to Get Started With Trackers on Delta Exchange
Delta Exchange has introduced Trackers , a simplified method to trade cryptocurrency derivatives. Trackers offer exposure to the price movements of underlying crypto assets without leverage or short-selling complexities.
Delta Exchange has introduced Trackers , a simplified method to trade cryptocurrency derivatives. Trackers offer exposure to the price movements of underlying crypto assets without leverage or short-selling complexities.
Trackers on Delta Exchange mirror the price of the underlying cryptocurrency, similar to purchasing coins in the spot market. However, unlike futures or options, Trackers only permit selling owned assets, eliminating the risk of sudden liquidation.
Trading Fee: 0.05% per transaction, applicable to both makers and takers. Holding Cost: A daily charge applied at 5:30 PM IST based on the position size, fixed for 24 hours.
The holding cost rate is accessible via the Delta Exchange app, ensuring transparency before trade initiation. Trackers incur lower fees compared to traditional spot trading, enhancing their appeal for short-term trading.
Delta Exchange has introduced Trackers , a simplified method to trade cryptocurrency derivatives.
Sign Up: Create an account at www.delta.exchange and complete KYC verification for trading and INR transactions. Deposit Funds: Add funds via bank transfer or UPI. Buy Trackers: Navigate to the Trackers section and select BTC-T for trading. The minimum purchase is 100 lots (equivalent to 0.001 BTC for BTC-T). Sell Trackers: Sell any owned Trackers without restrictions, except for balance limitations.
Delta Exchange provides payoff charts for potential profit and loss previews before trade confirmation. Profits are withdrawable in INR directly to a bank account.
Regulated Platform: Delta Exchange is FIU-registered, ensuring compliance and security. Automated Trading Bots: Automated strategies are available to manage trades. Demo Account: A risk-free environment to understand Tracker functionalities before investing real funds. Small Lot Sizes: Facilitates entry into trading with minimal investment, allowing for market navigation and strategy testing.
Delta Exchange offers an intuitive app, supporting INR deposits and withdrawals, simplifying the initiation into cryptocurrency derivatives trading.
Disclaimer: Cryptocurrencies involve inherent risks due to their volatility. It is advisable to conduct thorough research before investing in digital currencies or derivatives.
Based on reporting by TechBullion.
