Bybit vs Delta Exchange: Tested & Compared !?

Both Bybit and Delta Exchange are highly rated cryptocurrency exchanges with a lot of goodwill from their regular users.

One way to decide on your preferred trading platform is to use it for an extended period, but no one has the time for that.

This article is the next best thing, providing you with detailed information about both Bybit and Delta Exchange so that you can make your decision and get down to making money quickly

Before you start, you should know that Delta Exchange is more focused on derivative trading rather than spot trading.

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Bybit vs Delta Exchange: Supported Cryptocurrencies

Bybit currently supports the trading of more than 225 cryptocurrencies including the popular ones like BTC and ETH as well as low market cap projects that offer enormous chances for growth.

bybit supported currencies

Delta Exchange on the other hand supports only 6 currency pairs when it comes to spot trading but the platform’s primary focus is futures and perpetual contracts. For this, it supports more than 100 cryptos including BTC, ETH, XRP, BNB, and MATIC. 

It is also one of the few exchanges that offer contracts that are settled and margined in USDC and USDT.

delta exchange supported currencies

Bybit vs Delta Exchange: Product Offerings

Bybit offers the chance to trade more than 225 cryptos in the spot markets with more of them being added regularly. They also have a separate section for derivatives that includes USDT Perpetual, USDC Perpetual, and Inverse Contract pairs for major coins like BTC, ETH, SOL, and ADA.

Their leverage/margin trading has a cap of 100x and can help you multiply your profits with good risk management. They also have an NFT marketplace that can help you trade digital art if that is your speed.

There is also the option for liquidity pools which are considered much more complex but if you invest in the correct pools, they can pay off well.

These pools consist of two different assets and you can provide liquidity depending on which of the cryptocurrencies you hold. If done correctly, you can earn close to 50% APY and create a profitable income stream for yourself.

Delta Exchange is laser-focused on its derivatives offerings so much so that there are only six pairs offered in spot, one of which is USDC/USDT but it includes the usual suspects of BTC, ETH, SOL, XRP, and DETO which is their native token.

You can trade futures and options, and also swap interest rate derivatives on Bitcoin along with other altcoins at a maximum leverage of 100x.

Their main focus remains to make crypto derivatives easily and readily available for new and seasoned traders alike. The exchange’s uniqueness comes from the fact that they have a wide range of perpetual contracts as well as projects based on separate blockchains like Tezos, Cosmos, Basic Attention Token, and Raven to name a few.

Bybit vs Delta Exchange: Order Types

You can place Market orders, Limit orders, and Stop Loss orders on Bybit’s intuitive and easy interface. There are no Stop Limit orders, or Trailing Stop orders available so if these kinds of orders are essential to your style of trading, then you should keep this in mind.

Delta Exchange allows a lot of order types that are specific for derivatives trading which is the main focus of the exchange, so other than Limit orders, Market orders, Stop-Market orders, and Stop-Limit orders, it also has Post-only orders, Trailing-stop orders, Reduce-only orders, and Time-in-force orders.

Bybit vs Delta Exchange: Fees Comparison

On Bybit, there is a 0.1% fixed fee for the maker and taker in the spot market and when it comes to derivative contracts, there is a 0.06% fee for the taker and 0.01% for the market maker.

This fee can be decreased by increasing the 30-day trading volume which puts you in a higher tier and gives you discounts on trading fees.

bybit fees

Crypto deposits are free of charge but withdrawals get charged a fee according to the network charges for the transaction confirmation. For copy trading, every trader can set their fee, and could also ask for extra commission on successful trades.

Delta Exchange has separate pricing structures for its different markets. The fees on the futures markets for the inverse contracts are 0.05% for the limit orders, and 0.02% for the market orders. These fees are supremely competitive when compared to their other counterparts. 

delta exchange fees

It also has a 0.05% settlement fee on all trades but there is no provision for fee rebates when you provide liquidity to the exchange. Also, there are no exchanges for trading higher volumes which is a big con for the platform.

Bybit vs Delta Exchange: Account Funding Methods

To be able to fund your account on Bybit, you can use your pre-existing crypto like BTC, ETH, and USDT to name a few, or fiat purchases using GBP or EUR. Your fiat purchases can be done by bank transfers, credit cards, Google Pay, or Apple Pay.

If not any of these, you can try the P2P options where merchants are here to help you fund your account. Once you have crypto or fiat in your account, you can start trading on the platform. 

Delta Exchange has a different approach to account funding as it does not have a fiat gateway to get any funds onto the exchange.

There is also no fiat-to-crypto gateway so that you can buy crypto with cash from your debit/credit card. For this reason, you need to have purchased crypto on another platform, either a centralized exchange or a decentralized one.

This can be a big negative for a beginner but if you learn your way around crypto, and are comfortable with trading derivatives it should not be too difficult a bridge to cross.

Bybit vs Delta Exchange: Trading Platform Comparison

Bybit has a trading platform that has a complete design, great algorithm, and structure. The quick loading times and reliability of the network help Bybit’s cause also. There is also the option to choose to view the charts in the native style or use TradingView’s interface.

bybit trading interface

The search bar and filters make the interface easier to browse, look for the coins of your choice, and see what other currency pairs your coin is offered in.

You can also filter the coins as top gainers or losers in your time frame of choice, which can tell you if your coin of choice is weaker or stronger than the rest of the market.

Bybit also has interfaces that are specifically for the mode of use, for example, a web interface for desktop or mobile browser use, and an app for mobile use.

Delta Exchange is feted for its easy-to-use and intuitive interface that allows its users to quickly take advantage of any volatility in the market.

As the interface is not cluttered, you can find what you are looking for quite quickly and as the same account lets you do all this, there is no need to remember multiple login details for the spot and futures markets.

delta exchange trading interface

Bybit vs Delta Exchange: Account Types

Bybit has a non-KYC (Level 0), and a KYC account (Level 1) where Level 0 is the default when you sign up and allows you to trade instantly but only has a withdrawal limit of 2 BTC. You don’t have to give out any photo ID for this account, just your basic details.

Once you do get your KYC procedure done by providing a government-issued photo ID and going through a facial screening, you can then withdraw a maximum of 100 BTC daily

Delta Exchange has one type of account that does not ask you for KYC and you can start trading by offering your basic information.

But if you want to carry out withdrawals of the significance of 2 BTC a day, or have 5 BTC in your account, then the exchange will reach out to you and ask for verification documents if you want to withdraw those funds.

Bybit vs Delta Exchange: How to get started?

On Bybit, the registration process gives you a level 0 account that can help you start trading instantly and withdraw up to 2 BTC a day. Follow these steps to get registered:

  1. On Bybit.com, find and click the ‘Sign up’ button
  2. Enter the email address/phone number you want to register with the platform.
  3. You will receive an OTP on the email address/phone number you used in the above step. Use it to authenticate your ownership of the email address/phone number.

Delta Exchange does not necessitate identity verification up to a certain level. To get started with your registration process, these are your steps:

  1. Go to Delta.exchange, and click the ‘Sign up’ option.
  2. Select your country of residence, and provide your email address and a strong password.
  3. You should receive an OTP in your email inbox. Use that to authenticate the ownership of your email address.
  4. Once done, use the details provided in the step above to sign in to the service after clicking the ‘Sign in’ button.

Bybit vs Delta Exchange: Customer Support

Bybit has customer support that is available 24/7 via live chat, email, or Telegram. These avenues can get your platform issues solved quickly.

Delta has multiple avenues for customer support and one of the easiest ones is to speak to a support representative through live chat. Other ways to get help are by either sending an email to their team or searching their extensive support centre to get your questions answered promptly.

Bybit vs Delta Exchange: Security Features

Both Bybit and Delta Exchange are on top of security measures as it is bad press to get hacked or put the funds or privacy of your users at risk. Exchanges like these beef up their security with every hack or breach that happens to fellow platforms.

Bybit has taken an offline approach to store its user funds on cold wallets which are disconnected from the internet and cannot be accessed unless they are connected to a machine that can access the web, or by getting physical access to the wallet.

Features like two-factor authentication, IP address whitelisting, anti-phishing code, crypto wallet whitelist, and trusted devices can help a user help themselves. These features only work if the user switches them on, so the exchange needs to keep reminding its users about them.

Delta offers a very high level of security that has been advertised by the exchange as being industry grade. Not having undergone any cyberattack since its inception is a certificate to this being true.

They also have two-factor authentication, firewalls, and encryption. To top it all off, they store all the user funds in multi-signature wallets that do not have a single point of failure for a hack.

  • Is Bybit safe?

Yes, Bybit is safe as it has secure cold wallet storage for your funds, its customer service is available, and is quick to respond. Plus, millions of traders use the platform daily and have not brought up any glaring issues regarding it.

There have also not been any hacks on the exchange which tells you that it does not have any problem with its security measures.

  • Is Delta Exchange safe?

Delta itself advertises that the platform stores all its users’ funds in multi-sig wallets which need multiple people to authenticate any transaction that happens on the wallet.

All the withdrawal requests placed during the day are approved manually, and this exercise is only done once a day.

Also, the security measures used by the exchange have clearly been working as there has been no news of any cyber-attacks or user complaints on TrustPilot.

Conclusion

Both the exchanges we have talked about are similar in a lot of respects which makes the decision a little difficult but although the fees may be high initially for trading on Bybit, they can be reduced if you are a big player and plan to increase your 30-day trading volume to jump tiers on the platform.

This feature is sadly not available on Delta Exchange and is a pretty big con for it.

On the other hand, if crypto derivatives are where you plan to be day-in and day-out, Delta Exchange has you covered, and you will find a very intuitive and easy-to-use trading platform for your trading pleasure.

So you should make your choice with the information that you have from this article. Happy trading!

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  • Upto 50x Leverage on other currencies

  • High Volume & Liquidity 

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Jack Bailey

I am John, a veteran trader turned into a trading coach. Especially in the realm of cryptocurrency derivatives which is now booming and expected to grow big.