FAQs
What is P2P? P2P - peer-to-peer, when one person on the platform wants to directly sell an asset to another person who is willing to buy, instead of buying the same asset through an exchange or pool.
What is interexchange arbitrage? The process involves purchasing assets from one exchange and subsequently selling them on the other exchange.
What is intra-exchange arbitrage? The process involves buying and selling the assets within one exchange extracting profit from price discrepancies.
Maker vs Taker A maker is someone who buys or sells cryptocurrency on p2p platforms through their own ad/order. They offer their price to the market, so they agree to wait until the price reaches the desirable point. A taker is someone who buys or sells cryptocurrency on p2p platforms through an ad that the Maker created. They agree to the first price on the market to conduct a really fast deal.
Supported exchanges Currently, Dellta scans Binance and Huobi with more exchanges in progress.
Supported fiat and crypto assets Available fiat assets: USD, GBP, EUR, TRY, UAH, KZT.
Available cryptocurrencies: BNB, HT, USDD, DAI, BUSD, USDT, BTC, ETH, TUSD, TRX, XRP, LTC, SHIB.
What is spread? A spread refers to the price disparity between two markets or exchanges concerning a specific asset. It is commonly referred to as the profit for arbitrageurs.
What is slippage? Slippage is the variation between the price of a crypto asset at the time of trade placement and the price at which the transaction is ultimately executed.
How to create a P2P order on Binance? You need to go to the P2P section on the Binance app. Click on options in the right upper corner of the screen and pick “Advertising mode”. Press “Post ad” and fill in the fields of your interest. For more information, check this guide from Binance
What is a T+1 lock? T+1 lock-in is a 24-hour freezing period for your funds if purchased through a maker position.
How to avoid a T+1 lock? You need to buy crypto as a taker instead of the maker or you can become Binance’s merchant
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