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Delta Trading – FX, Shares, In

Latest release: 5.8.7 ( 17th May 2021 ) 🔍 Last analysed 13th May 2022 . Can't send or receive bitcoins Not updated in a while
4.1 ★★★★★
410 ratings
50 thousand
29th March 2013

Jump to verdict 

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

App Description

“…trade CFDs (contracts for difference) on over 1000 financial instruments: forex, shares, indices, precious metals, commodity futures, popular cryptocurrencies and ETFs.”

The Site

More information on trading cryptocurrency CFDs via DeltaStock’s DeltaTrading

Deposit and Withdraw Options

They do not provide bitcoin or other cryptocurrency deposit and withdrawal options. These are the only options available:

  • Bank Wire Transfer
  • Credit and Debit Card Deposits
  • ePay Deposits

Verdict

Financial platforms that trade in cryptocurrency CFDs more often than not, cannot send or receive bitcoins.

(dg)

Verdict Explained

The product can't send or receive BTC.

As part of our Methodology, we ask:

No send/receive!

Can it send and receive bitcoins?

If the answer is "no", we mark it as "Can't send or receive bitcoins".

If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.

All products in this category are custodial and thus funds are at the mercy of the provider.

But we also ask:

Stale!

Was the product updated during the last year?

If the answer is "no", we mark it as "Not updated in a while".

Bitcoin wallets are complex products and Bitcoin is a new, advancing technolgy. Projects that don’t get updated in a year are probably not well maintained.

This verdict may not get applied if the provider is active and expresses good reasons for not updating the product.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.