how much safe trading on EtherDelta? - page 2.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

Quote from: hridoyb on October 14, 2017, 04:58:26 AM

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

As long as i know etherdelta is no,problem when we gotta use it in transaction exchange,co'z mostly all of my co bitcoiners and me used it in times of trading exchange there tokens to ethereum or sometimes sell there to exchange it in fiat.the only disavantage of etherdelta that it is purely ethereum,and you must go to other trading sites to convert your altcoins into bitcoins.etherdelta asking your private key as far as i know that it use for deposit only your token balance into there website for next transaction.,but to prevent this you must create another account everytime that you make an transaction exchange in etherdelta for your asset security.

soham

sr. member

Activity: 406

Merit: 250

Quote from: hridoyb on October 14, 2017, 04:58:26 AM

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

Even though I don't have much exposure in EtherDelta, but I have used it once. I had joined one bounty campaigns of blockoptions and created an account in Etherdelta for selling that token. I have got around 2.76 ETH from selling the BOPT tokens and also got the timely payout from that website without any issue. I know they are asking for private key to deposit any token balance int heir website, so I suggest you to use new accounts every time where you don't hold your ETH savings. Create an account with myetherewallet and use it for a single trade. This way you can safeguard your ETH holdings. But EtherDelta is the only way for token bounty earners to get some profit. I don't know about any other exchange that accepts token trade.

diouf67

full member

Activity: 260

Merit: 104

Etherdelta is 100% safe, a little confusing and daunting to use but it is decentralised so no one has your details.

Hamphser

sr. member

Activity: 2534

Merit: 332

Vave.com - Crypto Casino

Quote from: hridoyb on October 14, 2017, 04:58:26 AM

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

Just like what others are saying here Etherdelta is a decentralized exchange which means those informations that you do put when you logged in are actually safe which it is just like the same when you do logged in on your mew wallet.Just a friendly tip never ever be victimized on phishing sites specially when inputting your privatekeys and also trading on etherdelta is somehow hard for me and for some.GUI is somehow laggy and long to load and also be sure to read up their instructions on how to execute trades so that you wont waste up ETH.

Landagert

full member

Activity: 165

Merit: 100

EtherDelta is safe to use, and most of the new emerging altcoin can be traded there.

okissabam

sr. member

Activity: 700

Merit: 250

It's really safe just as long as you logged in to the correct website because there was a phishing site created that looks exactly the same as the original one. A friend of mine wasn't mindful and lost almost 5btc worth of tokens on his etherdelta because he logged in to the phishing site and someone withdraw everything. But other than that I think it is safe to use, my tokens are still there and are perfectly safe so far.

brascopck

full member

Activity: 392

Merit: 100

Quote from: hridoyb on October 14, 2017, 04:58:26 AM

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

Well you can easily create a new address on etherdelta and for me it's quite safe because my deposit and withdrawal always come in. The only problem on etherdelta is the pending is really fucked up, its like 3-5 hours if you are unlucky waiting until your txid confirmed

novaprime

sr. member

Activity: 812

Merit: 251

UniDApp - it's DeFi time!

I usually use this market to invest in altcoin from ICO projects and recently the deal has been pending for a long time and this really affects a lot of investors because every trade We have to wait for confirmation and indeed Etherdelta needs to improve this feature

rebel92

sr. member

Activity: 616

Merit: 260

Quote from: hridoyb on October 14, 2017, 04:58:26 AM

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

ED is a decentralised exchange, written on the Ethereum blockchain. No one holds the private keys and so there is no risk of anyone running off with your tokens. I have transferred funds to and from ED many, many times.

DaMut

sr. member

Activity: 1274

Merit: 263

there are no place that can guarantee your assets on it,
they are good as good as an exchanger no more and no less.
Etherdelta is a decentralized exchange but bear in your mind,when you want to log in on their website.
you need to import your address and your private keys on it.
so,what will happen if they choose to steal it right away from their costumer ?
well that is the bad case,but always remember it.
that nobody and none of them can guarantee it,even a regulated exchanger can not due a shit about your fund.
never all in and always store some of it in your offline wallet

yishak

full member

Activity: 269

Merit: 100

EtherDelta is a decentralized exchange, its completely safe to use. I have been using it for about a month now and I don't have any problems with it. Just be sure that you are on the real etherdelta site cause there are tons of fake etherdelta sites.

hridoyb

sr. member

Activity: 826

Merit: 250

Bitgesell (BGL) Decentralized Cryptocurrency!

I donot have much idea about EtherDelta .So i want how much safe on EtherDelta because etherdelta wants to my pvt key and address.

Topic: how much safe trading on EtherDelta? - page 2. (Read 640 times)