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Is Delta Exchange Legal in US? Is Delta Exchange Safe?

Your capital is at risk.

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Choosing a trustworthy cryptocurrency exchange is crucial as it directly impacts the safety and security of your digital assets. The high risk of scams in this area necessitates extreme caution from users.

Our analysts have noticed a growing interest in Delta Exchange services among users in the US. However, questions remain regarding its safety and legal status within the US. Traders Union experts have addressed this concern by crafting a detailed review that explores both the pros and cons of using Delta Exchange.

So, let us tell you if Delta Exchange is allowed in the US and if it's safe to use for trading.

Is Delta Exchange legal in US? Does it have a license?

Currently, the Delta Exchange is not regulated at the government level, which remains a common scenario in the cryptocurrency market. However, such platforms generally fall short compared to exchanges with Tier-1 regulation, which signifies oversight by top-tier financial authorities such as the FCA (UK), SEC (USA), or ASIC (Australia), ensuring strict compliance with security and operational standards. We compared Delta Exchange with two Tier-1 regulated exchanges to help you make an informed choice

Delta Exchange Bybit MEXC

Tier-1 regulation

No

Yes

No

Government-regulated

No

Yes

No

Successful hacks

No

Yes

No

Cold wallet storage

Yes

Yes

Yes

Investor protection fund

No

Yes

No

2FA

Yes

Yes

Yes

Verification (KYC)

Yes

Yes

Yes

Open an account

Open an account

Your capital is at risk.

Open an account

Your capital is at risk.

Open an account

Your capital is at risk.

Short summary about the Delta Exchange exchange

The Delta exchange offers futures, options, and interest rate swap trading with 1:100 leverage. There is also over-the-counter trading. Bitcoin, Litecoin, Ethereum, Ripple, Tether, Bitcoin Cash, Stellar, Tezos, and other cryptocurrency assets are traded on the platform, but there are no fiat funds. The exchange provides the standard TradingView web terminal and a proprietary mobile application with a simple but adaptive interface. Protection of user data and funds is ensured by multilevel encryption, two-factor authentication, and cold storage of cryptocurrency. The exchange does not set minimum deposits. Trading fees are fixed and fees are below the market average (0.1% for swaps, 0.05% for options). There is a one-level referral program and auto trading service.

💰 Account currency: BTC, LTC, and USDT etc.
🚀 Minimum deposit: $1
⚖️ Leverage: 1:100
💱 Spread: Market
🔧 Instruments: BTC, LTC, and USDT etc.
💹 Margin Call / Stop Out: No

Delta Exchange Pros and Cons

👍 Delta Exchange Pros:

all popular cryptocurrencies are traded on the exchange;

mutually beneficial referral program;

trading with leverage up to x100;

no minimum deposit;

low commissions;

there are tutorials for beginners;

robotic trading based on ready-made strategies;

high level of platform protection;

Bug Bounty program with large payouts.

👎 Delta Exchange Cons:

no investment decisions;

no fiat;

there is no call center.

Rules and Regulation

Crypto regulations in the U.S.

Cryptocurrency trading in the United States is regulated by various federal agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Additionally, certain states may have their own regulatory frameworks governing cryptocurrency activities, adding an extra layer of oversight to ensure compliance with applicable laws.

Crypto investor protection in the U.S.

Regulations enforced by the SEC and CFTC aim to protect investors participating in cryptocurrency trading activities. These regulations focus on enhancing market transparency, preventing fraudulent activities, and ensuring fair trading practices. Moreover, investor education initiatives and disclosure requirements contribute to empowering investors and mitigating risks associated with cryptocurrency investments.

Crypto tax in the U.S.

Profits generated from cryptocurrency trading are subject to taxation in the United States. The Internal Revenue Service (IRS) treats cryptocurrencies as property for tax purposes, meaning that capital gains received from cryptocurrency transactions are taxable. Tax rates on capital gains vary depending on several factors, including the individual's income level and the duration of holding the assets. Additionally, tax reporting requirements ensure compliance with tax laws and facilitate accurate tax calculations for cryptocurrency traders.

Do I recommend using Delta Exchange in the US?

The Delta Exchange cryptocurrency exchange will not be a good choice for traders from US. The company does not hold a license, although the main reason for that is that the financial regulator of the country does not license crypto exchanges in general. There have been security-related incidents on the platform, and the accounts are not protected in the best possible way. Also, users periodically have questions about the quality of the exchange’s operation.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

FAQ

Can I work with crypto exchanges considering that they don’t have a license in US?

The fact that a crypto exchange does not have a license doesn’t mean that traders from US will have problems while working with it. Cryptocurrency exchanges are not subject to licensing in many countries, while there are many exchanges with good reputation. Assess the available information about the exchange and check its reputation.

What security methods for account protection do crypto exchanges employ?

Cryptocurrency exchanges may offer various security methods. These include the two-factor authentication, first and foremost, and also such methods as a security question, additional passwords, etc.

Can an exchange that has had a security-related incident in the past be trusted?

You need to check whether such incidents were regular. If it was one episode several years ago, while the reputation of the exchange is good, you can work with such an exchange.

Should I work with an exchange if I have doubts about its reputation?

No. Always choose the cryptocurrency exchanges that have a good reputation.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.