Can i trust EtherDelta with my Private Keys ? - page 16.

BobBoulder

member

Activity: 140

Merit: 16

Quote from: rudolfaxl on November 09, 2017, 02:48:45 AM

Make an additional wallet to use it only at EtherDelta. You will lose a little for transaction fees, but your main wallet and funds will be in safe.

This is how I work and I think this is the safest way to avoid any kind of misuse.
If someone want to abuses and private key then I would lose only small part that I intended for trading on EtherDelta exchange.
The main wallet will remain safe.

rudolfaxl

legendary

Activity: 1372

Merit: 1001

Make an additional wallet to use it only at EtherDelta. You will lose a little for transaction fees, but your main wallet and funds will be in safe.

syaripudin

sr. member

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Merit: 253

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Quote from: jay8291 on July 16, 2017, 04:40:34 AM

Hello,

I wanted to try etherdelta to trade my tokens.

Can i trust etherdelta with my Private keys ?

I think an EtherDelta exchange site is certainly very secure with a private key we have even I often do an exchange of tokens that I get from a Bounty campaign this I often do if I'm in a pressing state and need money for my needs it's just possible a process that is quite old and usually will happen a pending and it does not last long. and apart from a security owned by it EtherDelta I think it's just up to you so I mean the most important thing is you have to save your personal key code to open your EtherDelta site so no one else knows about personal key code EtherDelta that you have. Because I think most people who get hacked on the EtherDelta site they have it because of a carelessness they do by not storing the code from their private key so that of course this will be able to make others know the code from the private key they have and of course it will make others very easy to always monitor the tokens they have stored at the EtherDelta exchange site. So I think keep it very secret and of course only you who know the code of the private key to open your EtherDelta exchange site you have.

asepsetiawan1990

full member

Activity: 532

Merit: 100

I never keep long on a wallet that is often used to exchange tokens using etherdelta. but a few moments I tried trading on etherdelta and it was safe and successful. the important thing is you do not forget to forgeten account after you finish trading

johnyespapa

member

Activity: 257

Merit: 11

yes you can,theres a lot of review for etherdelta it is safe and secure.

irmasany

full member

Activity: 250

Merit: 100

Quote from: jay8291 on July 16, 2017, 04:40:34 AM

Hello,

I wanted to try etherdelta to trade my tokens.

Can i trust etherdelta with my Private keys ?

I dont think it's a problem. my experience has never happened a bad thing in ethdelta. so you should try it.

kiver

full member

Activity: 210

Merit: 100

i am using etherdelta for almost three month now i cannot see any harm in it they fix the transaction speed and the site became more user friendly so don't worry

altcoinhunter01

member

Activity: 840

Merit: 40

Ether delta is the trading platform of myetherwallet. So you may trust on ether delta for entering private key. I am also using ether delta. One thing always remember always use private browsing.

GreenRivers

newbie

Activity: 84

Merit: 0

Quote from: coastbank on November 06, 2017, 12:22:42 PM

It is really hard to trust any site with private keys. I think its best to use just another temporary wallet for etherdelta, its going to be safe. You can than send your money to another wallet.

Exactly this

DaedRik3

full member

Activity: 121

Merit: 100

If you dont own your private keys then you are not the real owner of your currencies, exactly like your fiat in your bank.

Always choose to own your private keys over systems that keep it for you.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

EtherDelta is generally safe, but the possibility still exists that there are exploitable bugs (or a backdoor) in the smart contract's code.

Me personally... I would only use an amount I was willing to lose on ED.

But then again Vitalik and company will probably fork and reverse the blockchain if ED defaults. Similar to how they did it with the DAO, and possibly now the Parity Wallet bug.

AshCoins

full member

Activity: 336

Merit: 102

ED robbed me out of .6 ETH yesterday. I sold some tokens and then had to run and left the ETH in the ED address instead of withdrawing back to my personal address. Today I found that all of the transaction history is there but they jacked my .6 ETH from the sale.

All - be very careful to never leave eth or tokens in the ED address and always withdraw.

bamboylee

hero member

Activity: 1148

Merit: 504

As far as I know, your private keys does not leave your workstation. It is stored in your cache which etherdelta access. So, it is safe as long the coding does not change. I have been using etherdelta for quite some time now and so far I have not lose anything from my account. You can choose not to use etherdelta if you do not feel safe importing your private keys. There are lots of centralized exchanges out there you can use if you feel safer using them.

feelideb

full member

Activity: 770

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fLibero.financial

You are not trusting anybody with your private key. Your private key is all yours. But in order for you to trade on dex, you must use your private key to interact with smart contract of your token. You can download chrome extension if you have security concerns.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

EtherDelta is a trust site and your private key can be entrusted with them but preferable you create another account for use with EtherDelta this will limit any form of fear about losing your investment of course investors in this forum had attested to the fact that EtherDelta is secured and save.

nguyendnc

newbie

Activity: 33

Merit: 0

Ive tried etherdelta once and input with my private keys. Then so far I didnt encountered any problem, also my other friends use this trading site. Their feedback is secured and safe and fast withdrawals.

pinkman12345

legendary

Activity: 1070

Merit: 1021

If you don't wanna submit your private keys to etherdelta directly then i suggest you to use meta mask it is a chrome extension and you can log in to ether delta just by logging in to your meta mask account. i use it and it is safe.

aitorp6

full member

Activity: 434

Merit: 100

hi

I used to trade in ehterdelta. This is my strategy, just in case. I have another wallet, with a small amount of ETH and the token that I want to trade. I need more ETH, I transfer from another account to my trade account. If I want to trade certain token, I do the same. I transfer certain quantity of token to my trade account.

I think that if you want to trade with Etherdelta, this is the best strategy.

scaramanga1337

full member

Activity: 280

Merit: 152

i would recommend to use a different ether adress on etherdelta only for safety reasons.....i createted a new ether adress for all the airdrops and shitcoins i do not want to hoodl for a long time ...its better to keep ur private keys of ur main ether adress safe......

rxtwo

full member

Activity: 224

Merit: 105

Never share your private key with such websites. You don't know what will happen to these websites in future ( even now they are safe) You must be the only person that know your private key and you must be the only person who can control your coins.

Topic: Can i trust EtherDelta with my Private Keys ? - page 16. (Read 11083 times)