How to secure your asset in forkdelta? - page 2.

CryptopreneurBrainboss

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Quote from: Hepatocyte on January 08, 2020, 04:20:20 AM

Forkdelta is the world's most risky exchange i think. Because in this exchange you need private key to log in.

I have two bad experience in this exchange. My wallet was hacked two times while trading in this exchange.

Forkdelta is a decentralized exchange meaning it should be more secure than all the centralized exchanges out there therefore I don't understand your statement of declaring it the world most risky exchange when power have been given to you to secure your funds unlike centralized exchanges like binance and the rest, that can restrict you access to your funds at any moment.

Decentralized exchange are one of the secure exchange currently in the space, you just have to know how to access and operate them. Be cautious of the sites you input your login details because fake site are all over the web as this will prevent scammers from having access to your wallet.

rajsimran

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I always try my own rules.If I trade on etherdelta I just create new eth wallet and put buy orders,after filling my buy orders I moved that coin to my personal wallet.Same thing I do when I sell my tokens,After finished sell,I moved my ETH to my wallet.I think this is safe way to avoid hacking or scamming.

Diamond_Darrell

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Quote from: Hepatocyte on January 08, 2020, 04:20:20 AM

Forkdelta is the world's most risky exchange i think. Because in this exchange you need private key to log in.

I have two bad experience in this exchange. My wallet was hacked two times while trading in this exchange.

Now i want to warn beginners who want to trade in Forkdelta.

1. At first i suggest you to use metamask.
2. Those who haven't computer, use mobile phone, they may use a new ERC 20 wallet for trading purpose.
3. You can create a new address in forkdelta or import an existing account. https://i.imgur.com/cTJbtTt.png
4. Then you are able to trade in forkdelta.
5. Now you can make a buy order or sell order. I suggest everyone to Forget your account from forkdelta just after making an order. https://i.imgur.com/B2DBJXD.png
6. You may think that what happen to your asset when you forget your account? Nothing happen. You can view your order without login. When you see that your order is completed then you login to your account and withdraw your asset.
7. You have to remember that every 10000 block your order is expired if it is not completed. So you have to check your order and if expire you have to make an order again.
8. This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

I think there are more ways may be to secure asset in forkdelta. So anyone who have idea please discuss here. Thanks my friends.

And what prevents the user from creating a separate wallet for the sale or purchase of a certain token, and immediately after the purchase, the first tokens or ETH to the main / cold wallet? wait, I’ll answer myself .... tram, lack of brains

bttmember

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I have found forkdelta to be safe but it is just that i have made a new mew account and then accessed fork delta through that account and i have not ever faced any problem during golden days of icos i used to go and trade on forkdelta every other day but now i hardly even go there because simply there are almost no new tokens for me to trade or cashout.

Inkdatar

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Quote from: Youghoor on February 25, 2020, 12:16:26 PM

No offence but i highly strike off trading on forkdelta exchange if you want to secure you assets. There are so many clone sites which can lead you to logging in with your private key and later giving hackers the access to your wallet. I got hacked once when i tried using their platforms to trade my tokens. Stay off it and save your assets, it's that simple.

I never use this site anymore because of security and also their site is too slow. Also better use other exchange for selling or trading coins. Actually there so many issues that's why others avoid this from using. Though in my experience I never got hacked so better let's being careful from using this site.

BitTraderCute

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Quote from: owmivmen on February 25, 2020, 12:43:05 PM

I know using informal markets is very risky. Thank you for your advice and information. I usually don't use a main wallet if I want to sell or trade there. Because there are some users who experience their wallet on hacks.

i have a trick if we want to sell our token in decentralized exchanges like forkdelta. dont use main wallet and we must have speciall wallet that only content with token that we will sell.so if this wallet hacked there is no more token , and our main wallet was safe. i am used this way for several time and so far there is no hacking case in my wallet.

owmivmen

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I know using informal markets is very risky. Thank you for your advice and information. I usually don't use a main wallet if I want to sell or trade there. Because there are some users who experience their wallet on hacks.

bearexin

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I remember forkdelta is the open source platform and I believe they must be having all the security measurements to protect its users funds and privacy but not sure what is happening right now. When there will be continuous hacking then we must stop using these kind of exchanges.

Unfortunately we are having less number of decentralized exchanges which must be a signal of end of smart contract things. Token economy may survive or not which means ethereum kind of thing may stay with us or not. At least, devs must focus on listing their token on centralized exchanges too, so that people will get more option to trade rather than having only decentralized exchanges.

Youghoor

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No offence but i highly strike off trading on forkdelta exchange if you want to secure you assets. There are so many clone sites which can lead you to logging in with your private key and later giving hackers the access to your wallet. I got hacked once when i tried using their platforms to trade my tokens. Stay off it and save your assets, it's that simple.

Ashong Salonga

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Quote from: Hepatocyte on January 08, 2020, 04:20:20 AM

Forkdelta is the world's most risky exchange i think. Because in this exchange you need private key to log in.

I have two bad experience in this exchange. My wallet was hacked two times while trading in this exchange.

Now i want to warn beginners who want to trade in Forkdelta.

1. At first i suggest you to use metamask.
2. Those who haven't computer, use mobile phone, they may use a new ERC 20 wallet for trading purpose.
3. You can create a new address in forkdelta or import an existing account. https://i.imgur.com/cTJbtTt.png
4. Then you are able to trade in forkdelta.
5. Now you can make a buy order or sell order. I suggest everyone to Forget your account from forkdelta just after making an order. https://i.imgur.com/B2DBJXD.png
6. You may think that what happen to your asset when you forget your account? Nothing happen. You can view your order without login. When you see that your order is completed then you login to your account and withdraw your asset.
7. You have to remember that every 10000 block your order is expired if it is not completed. So you have to check your order and if expire you have to make an order again.
8. This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

I think there are more ways may be to secure asset in forkdelta. So anyone who have idea please discuss here. Thanks my friends.

I have already an experience trading with forkdelta before and I have not encountered something wrong by that time but I have difficulty in accessing my account maybe due to my internet connection or just the site itself. Good thing that I have not encountered my asset being hacked maybe due to the reason that I just frequently log in my account since I can see my order even I did not log in my account into their site. Well, it is already common to encounter such risk being put in by hackers so you better secure not just your account but as well as the browser you use to access the site. It is another problem that there is blocking system in which when you have wrong estimation into when your asset must be sold is that the block your order belongs will also expire. It is really risky doing trades online because of many way hackers can possible to access your account so it is better to keep yourself always ready and be observant into whatever is happening and assure to be careful on the information you fill in online to somehow lessen the possibility of your account to hacked.

tbterryboy

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Quote from: Hepatocyte on January 08, 2020, 04:20:20 AM

This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

How it will be possible? What are the leads for hackers to target the users who are logging for more hours? As per my basic knowledge on security measurements, it will be impossible to hack anyone just because they are logged in. If it will be possible, then that will make us to assume that site itself selling our data to the hackers.

Only by installing some malware in your computer, hackers may get access to your private key which may be the reason they are able to hack you when you are logging in for more hours.

FairUser

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There was a time when Etherdelta was hacked. A lot of people have lost money with it, but I personally am lucky that I have not encountered any problems with this exchange. This is one of the DEX with the most users and the highest volume in this market. Also you should use Metamask to improve security and hackers will not be able to hack your private key

princecharles

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Quote from: thiscomm on February 25, 2020, 09:03:28 AM

in my opinion forkdelta is a pretty safe exchanger. it's just that it all depends on your level of security in using it. it would be nice when you trade, save your coins in a wallet like myetherwallet. do not occasionally save in the wallet exchanger because it is very easy to hack. then use incognito when you enter your forkdelta address so that history is not stored in your computer account. most hacks occur through history.

This advice of yours is quite beneficial especially to me. I just realised that I've not been very security conscious. It's a good idea for us to use the incognito mode of browsers to avoid the issue of hacks and also desist from storing our cryptocurrency assets on the exchange sites. We really need to be careful as the cryptocurrency industry is getting riskier by the day.

masterrex

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I use Forkdelta Dex more often compare to other DEX, so far I'm not encountered any glitch and even security problem, Sometimes I'm using Metamask but mostly not after I'm using Forkdelta I just simply forget it but so far no unauthorized transfer was made my eth and ERC 20 tokens are still intact so it's nothing to worry about. I think Forkdelta was still safe and reliable ERC20 Dex and I'm using it till now!

Doranile432

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Lol I'm not surprised, they used to say that decentralized exchanges is the safest and unhackable but it's a lies, Everytime I get hooked and decide to try out a dex exchange I always end up walking about, a website telling me to insert my private keys makes me feel somehow, I always end up walking away

jcpone

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Quote from: Hepatocyte on January 08, 2020, 04:20:20 AM

Forkdelta is the world's most risky exchange i think. Because in this exchange you need private key to log in.

I have two bad experience in this exchange. My wallet was hacked two times while trading in this exchange.

Now i want to warn beginners who want to trade in Forkdelta.

1. At first i suggest you to use metamask.
2. Those who haven't computer, use mobile phone, they may use a new ERC 20 wallet for trading purpose.
3. You can create a new address in forkdelta or import an existing account. https://i.imgur.com/cTJbtTt.png
4. Then you are able to trade in forkdelta.
5. Now you can make a buy order or sell order. I suggest everyone to Forget your account from forkdelta just after making an order. https://i.imgur.com/B2DBJXD.png
6. You may think that what happen to your asset when you forget your account? Nothing happen. You can view your order without login. When you see that your order is completed then you login to your account and withdraw your asset.
7. You have to remember that every 10000 block your order is expired if it is not completed. So you have to check your order and if expire you have to make an order again.
8. This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

I think there are more ways may be to secure asset in forkdelta. So anyone who have idea please discuss here. Thanks my friends.

I'm not a fan of this platform exchange mate. But sometime if the token has been listed to this platform, that's the chance only for me to use it for me to sell the token on which I had received from bounty campaign only, and for what I did was that I import the wallet I used on bounty then after the was being sold, of course at once I export my address.

thiscomm

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in my opinion forkdelta is a pretty safe exchanger. it's just that it all depends on your level of security in using it. it would be nice when you trade, save your coins in a wallet like myetherwallet. do not occasionally save in the wallet exchanger because it is very easy to hack. then use incognito when you enter your forkdelta address so that history is not stored in your computer account. most hacks occur through history.

taufik123

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The use of metamask for logging in decentralized exchanges such as forkdelta greatly helps to minimize the use of private keys and can log in using .JSON files.
There are indeed many ways to be able to log in forkdelta.
To be more secure, metamask is indeed an option.

What really needs to be noticed is that the original forkdelta site should be bookmarked to avoid phishing sites that will easily trap and steal privatekey,
this has already happened a lot and hurt many people.
Can also make a backup wallet so that the main wallet does not need to go to forkdelta, but you need to add a fee for the second wallet to be able to make transactions.

CaVO32

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Quote from: Botnake on February 25, 2020, 04:54:28 AM

There is always the risk everytime you log in to forkdelta.
Actually i am not using the site now since altcoins season has not come yet, so basically I would just share my past experience and strategy.

here's what I do, I create two wallet, one for my main wallet, 2nd is for the wallet that I will use to access forkdelta and send their the tokens that I like to trade, and if you are trading a big amount of money equivalent, you can always create more wallet while paying more fees, I think that's less risky that exposing your entire balance, just accept the fee.

yes, actually that's a good strategy though I am not a frequent user of forkdelta. used that exchange quite few times up until now. it is always better not to expose your main wallet with your tokens in it. though for me, i only have a lot of crap tokens that are not of value anymore. also, if you are trading with forkdelta, don't store your tokens for too long, once you finished your trading, transfer it immediately to your wallet. the longer your tokens are stored in their exchange, the higher the risk of losing them.

Botnake

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There is always the risk everytime you log in to forkdelta.
Actually i am not using the site now since altcoins season has not come yet, so basically I would just share my past experience and strategy.

here's what I do, I create two wallet, one for my main wallet, 2nd is for the wallet that I will use to access forkdelta and send their the tokens that I like to trade, and if you are trading a big amount of money equivalent, you can always create more wallet while paying more fees, I think that's less risky that exposing your entire balance, just accept the fee.

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