Posted in

How to Open a Delta Exchange Account in India

Delta Exchange is a crypto derivatives platform built for Indian users, offering 24/7 trading in futures and options on Bitcoin, Ethereum and other assets. It is fully registered under India’s Financial Intelligence Unit (FIU), making it a legal and compliant choice for Indian traders. Unlike spot exchanges, Delta settles all contracts in Indian Rupees (INR) – you deposit and withdraw INR, and your P&L and margins are INR-denominated. This means no cryptocurrency is needed to trade. You never need to deposit BTC or ETH; simply fund your INR account and start trading crypto futures and options.

Delta Exchange’s Indian platform also comes with beginner-friendly features: small minimum contract sizes (so you can start with a few thousand rupees of BTC exposure), and support for versatile order types like limit, market, stop-loss and bracket orders. Before you begin, keep these in mind as you set up your account: you will need a valid Indian mobile number, PAN card and Aadhaar card for KYC, and an Indian bank account to link for INR deposits.

1. Sign Up for Delta Exchange India

Creating your Delta Exchange India account is straightforward:

  • Visit the Delta Exchange India site or app at india.delta.exchange and click “Sign Up.” You can sign up using a Google or Apple account, or by email and password.
  • If you choose email registration, enter your email ID and create a password, then verify it by entering the OTP sent to your email.
  • If you sign up with Google/Apple, simply select your account to create the Delta Exchange ID (no additional email OTP is needed).
  • Tip: If you already have a Delta Exchange account (for example, a global account from the main site), you can reuse that same email and phone number. In that case Delta automatically skips an additional KYC, since your PAN/Aadhaar are already on file.

Step-by-step:

  1. Go to the Delta Exchange India site or app and click “Sign Up.”
  2. Choose Google/Apple or email. If email, fill in your email ID and a strong password.
  3. Enter the OTP sent to your email to verify your address.
  4. Agree to terms and finish. (If you had a previous Delta account, no extra KYC is needed.)

2. Complete KYC Verification (Aadhaar & PAN)

After signing up, Delta Exchange will prompt you to complete KYC (Know Your Customer) verification. For Indian users, Delta’s KYC process is entirely online and quick – it takes under a minute if you have your documents ready. Here’s what you need:

  • Mobile Number: Enter your mobile number and verify it via SMS OTP. This links your number to your account.
  • Personal Details: Input your name, date of birth and occupation/income details. Confirm these accurately; these details will later be matched with your PAN and Aadhaar.
  • PAN Card: Upload a clear photo or scan of your PAN card. The system will read the details (name and DOB) from the PAN. Verify that they appear correctly on-screen, then proceed.
  • Aadhaar Linkage: The Delta app will ask if your Aadhaar number is linked to your mobile. If yes, the system will send an OTP to your phone. If no, you will be guided to link your Aadhaar by allowing the DigiLocker or UIDAI check (this is an Indian government API). Enter the OTP you receive to verify Aadhaar linkage.
  • Selfie/Video: Finally, take a live selfie (or a brief video selfie) in good lighting. Make sure your face is clear and camera permissions are enabled. This biometric check completes your KYC.

Once all steps are done, the platform confirms your KYC is complete. In short, keep your Aadhaar and PAN handy – that’s all you need.

Pro Tips:

  • Use a stable internet connection and well-lit environment for photo uploads and the selfie.
  • KYC takes <1 minute: With everything ready, the system can approve your account almost instantly.
  • Ensure the name on your bank account matches your PAN exactly, as Delta requires this for verification.
  • FAQ: If you want to update or reverify KYC later, you can find the option under Account > Verification in the dashboard.

3. Link and Verify Your Indian Bank Account

Before you can deposit INR, you must add and verify a bank account. Delta Exchange only transacts in INR to PAN-verified, KYC-linked bank accounts. Here’s how to do it:

  1. Go to “Bank Details.” In your Delta dashboard, open the menu (usually your profile icon) and click Bank Details.
  2. Add Account: Click “Add Bank Account.” Enter your Indian bank account number and IFSC code. Make sure the account name exactly matches the name on your PAN card. (If it doesn’t match, Delta will manually review it, which can take a few hours.)
  3. Submit and Verify: After submitting, check your email. Delta sends a verification code to your registered email address. (Check your spam folder if you don’t see it.) Enter that code on the site to confirm your bank account.
  4. Final Check: Once the code is accepted, your bank is whitelisted for transactions. The process is fast – typically just 1–2 minutes.

❗ Important: In some cases, Delta may also deposit a small amount (often ₹1) into your bank as a secondary verification step. Watch your bank SMS or statement for this credit. Once you see the ₹1 deposit (usually within a few hours), the account is fully verified.

After this, your bank is linked. You can now move on to funding your account.

4. Deposit INR into Your Delta Account

With KYC done and a bank account linked, you can deposit Indian Rupees to start trading. Delta supports convenient INR deposits via UPI or bank transfer:

  • Via UPI:
    1. From your Delta dashboard, click “Add Funds.”
    2. Select the UPI option. Enter your whitelisted UPI ID (for example, yourid@oksbi) and confirm.
    3. Scan the QR code or open your UPI app to complete the transfer. The funds (INR) should arrive instantly once the transaction succeeds.
    • Tip: Always use the exact whitelisted UPI ID you registered. Sending funds from a different UPI ID will cause delays and extra verification.
    • Fee: UPI deposits are usually free and fast.
  • Via Bank Transfer (IMPS/NEFT):
    1. In the “Add Funds” section, choose Bank Transfer and then pick IMPS or NEFT.
    2. For IMPS (Immediate Payment Service): Use this for quick transfers (24×7). Ensure you send from the same bank account you linked. Enter Delta’s account details exactly as shown. The deposit reflects in a few minutes.
    3. For NEFT: If you prefer NEFT (works in banking hours), copy Delta’s NEFT account details. Transfers typically clear by end of day.
    • Important: Do not use RTGS (Real-Time Gross Settlement) – Delta does not support RTGS deposits. Any RTGS payment will be returned to you within 48 hours.
    • Tip: Double-check all account numbers, IFSC, and references before sending. A small typo can delay or misroute your deposit.

Delta also provides guides for specific banks and UPI apps if needed. In general, after the transfer is initiated, your INR balance on Delta should update within minutes. If a deposit fails or doesn’t show up (especially on holidays or weekends), contact Delta Support immediately.

5. Place Your First Trade (Futures or Options)

Now you’re ready to trade! Delta Exchange allows you to speculate on crypto price moves via futures and options (always settled in INR). Here’s how to place an order:

  • Navigate to Trading: In the platform menu, choose “Futures” or “Options”. For example, select BTC-INR Futures to trade Bitcoin futures, or ETH Call Options for an Ether option.
  • Select Contract & Expiry: Contracts have expirations (daily, weekly, monthly) for options and futures. Pick the expiry and specific strike price (for options) or just proceed (for futures which are perpetual).
  • Choose Order Type: Enter your order details. Delta supports Market and Limit orders (as well as Stop and Bracket orders).
    • Market Order: Buys/sells immediately at current price.
    • Limit Order: Sets your own price; the order fills when the market reaches that price.
    • (For options, you’ll also specify call or put and the quantity of contracts.)
  • Set Quantity & Leverage: Futures and options can be leveraged (e.g. 5×, 10×). Enter the number of contracts (or the notional INR amount). The interface will show required margin.
  • Review and Submit: Check all details on screen – price, quantity, fees, and margin in INR. Then click “Buy/Go Long” or “Sell/Go Short” (for futures) or “Place Order”. Your order will appear in the order book and fill according to market conditions.

Example: To buy a futures contract, go to Futures → BTC-PERPETUAL. Enter a limit price or choose market price, set leverage (e.g. 10×), and quantity (e.g. ₹5,000 worth). Review the estimated margin in INR, then hit “Buy.” Your position appears under “Positions” with its P&L updating in real time in INR.

Important: Always start with a small trade to familiarize yourself. Check Delta’s tutorials or demo mode if needed. And remember: you don’t need any cryptocurrency balance – only INR margin is used.

6. Tips & FAQs for Indian Traders

  • Save Your Documents: Keep your Aadhaar and PAN ready before KYC. It speeds up the process.
  • Name Matching: Ensure your bank account name matches PAN exactly. If not, the system will hold your account for manual verification.
  • Whitelisted IDs: Only send INR from UPI or bank accounts you’ve added (whitelisted). E.g., always use your registered UPI ID for UPI transfers.
  • Check Email/Spam: Verification codes (for bank linking or KYC) come via email/SMS. If you don’t see them, check spam or promotions folders.
  • Beware of RTGS: Do not use RTGS for deposits – Delta does not support it. Use IMPS, NEFT or UPI only.
  • Tax Advantage: Because all trading is INR-settled, Delta orders may avoid the 1% TDS or 30% tax normally applied to crypto gains in India.
  • Support: If any step fails (deposit not showing, KYC stuck, etc.), contact Delta Exchange India support immediately. They typically respond within hours on weekdays.

FAQs:

  • Is Delta Exchange legal in India? Yes – Delta Exchange India is registered with India’s FIU and complies with local laws.
  • What documents are needed? Just your Indian PAN and Aadhaar (plus a selfie). No need for address proof or PAN other than that.
  • How long does account verification take? KYC usually completes in under 1 minute once you upload documents. Bank linking is also quick (1–2 minutes).
  • Can I withdraw INR anytime? Yes – withdrawals of your INR balance back to your linked bank account are allowed and typically processed instantly or within a few hours.
  • Why do I not need to send crypto? Delta’s INR settlement means all trades are cash-settled. You only ever move INR in/out – no crypto transfers are done on this platform.

By following these steps—signing up, finishing KYC, linking your bank, depositing INR, and then trading—Indian users can quickly start trading crypto derivatives on Delta Exchange. This setup (INR-settlement, FIU compliance, and easy KYC) makes it a convenient choice for beginners. Always trade responsibly, and use stop-loss or hedging features as needed. Happy trading!

2 thoughts on “How to Open a Delta Exchange Account in India

Leave a Reply

Your email address will not be published. Required fields are marked *