Topic: How to secure your asset in forkdelta? (Read 858 times)

One very safe way to trade on forkdelta is to transfer your assets to a secondary wallet. When the transaction on it succeeds, then transfer the property to your wallet. I have traded on it quite a number of times and the trading was also favorable

Basically, how to protect your wallet is very simple, bro, by safeguarding and storing your personal keys safely and never sharing them with others, that's all you have to do, the rest are just additions, like those in this thread.

I do not think there should be several stories as regarss forkdelta.

Simply go to metamask website and add its browser extension tp your pc, log in your private key to the metamask

Afterwards you proceed to access forkdelta
Easypeasy without troubles

I prefer to access Fork Delta using metamask. It is safer that way. But if you are on mobile then it is advisable to use a new ERC20 wallet to access the DEX. It is also important to check and double check the fork delta URL to prevent losing your private keys to phishing sites.

This is actually an informative thread. I understand how to protect my wallet by reading this thread and thread comments. Many thanks to everyone for sharing the good info.

Friend, why will anyone even import their private keys to any DEX that is too risky even before I was good on DEX, I never imported my Private keys, I either use Keystores or majorly use Metamask. keystores requires pass. 

In cryptocurrency, I learned one key thing. The harder the safer. Trading using the metamask interface is very convenient, but has a number of security related disadvantages.
Namely, in case your device is compromised and someone gets access to it, it will also get access to all your wallets located in the metamask interface.

you must becarefull using metamask extension. several case i heard about metamask hacking. my friend loss their assets in MEW after he access dex exchange selling eth token. just for tip using metamask and dex exchange, always use new wallet that only contain selling token only. so if hacker attack our wallet they will found no asset at all.

So far I am still safe using forkdelta and have never had my assets lost just after trading on the market Forkdelta, maybe your mistake when logging into Forkdelta using a private key obviously this is an error that Very fatal and my suggestion if you want to enter using MetaMask and this is very safe for your assets.

You are absolutely right, Forkdelta is the riskiest trading platform. I always use Metamask if I need to trade on Forkdelta but try to avoid these types of trading platforms. Thanks for sharing the good info.

indeed i prefer forkdelta when compared to dex. attempted to use metamask can indeed help our account security because we attach a private key there. after that when we have finished, I think forget the account to be the best choice, so that our account is not on

Dex arent much that comparable to centralized so this will be bit unfair. Not much attention was given to dex that's why many prefer centralized. Even me, I could say that most dex are not useful and no volume at all. Tendency is to used those major cex exchange. We cant blame traders and users for this until dex can be improved more. The problem here is none of those who says love decentralization uses it hence keeping their trades on cex.

At least DEX has different mechanism that will bring a little bit security than centralized exchange site. Forkdelta is much better than binance dex consider if that was the true decentralized dex. binance dex is fully controlled by the team. That's not even a dex dude. You must understand it.

Definitely, we shouldn't have to store our assets in any exchanges for the safe keep. Even exchanges will say safely kept assurance for everyone holders and traders but due to the fact that hackers are still active, I don't think we need to trust these promising words. Even we are using either DEX or CEX, we can't still give them a hundred percent safety assurance of our assets.   

Storing funds on any exchange is wrong move either centralized or decentralized exchanges, and even forkdelta is way worse than binance Dex which is the only Dex I trust, still I prefer centralized exchanges like binance and Okex instead

actually you dont need to store your funds in that exchange .

You just need to login then sell your tokens you want to sell then logout thats all. The only problem is if you want to set buy or sell order then you need to wait for a while before cashing it out back to the wallet then logout.

It must better you use a different wallet on fork delta to keep safe your balance on your real wallet if you gonna be log in you gonna use your one wallet then put some balance that you want to sell so that your another balance will be safe. If that wallet hack at least not all your balance gone.

One thing I have always known is that Folkdelta or any other exchange site is not a place to keep your fund. You are very much aware of happened to Etheredelta. Those who were affected would tell you the mistakes they made and that made them lose their fund.
The most important thing is that irrespective of other security measures, never leave a huge fund exchange. Such that when you lose it, it might not pull much on you.

I used to trade there at Forkdelta and import my wallet and the key as well but I've never experienced being hack by anyone or I've never noticed it. The possible reason why we lost control of our wallet having entered our keys is that we never do the logout and make another see's on it. If you are using this exchanger, you'll have to end the transaction first before leaving and don't hang for long hours without logging out unless if you are using your own PC or laptop but if not, you are risking it and might other person will trace your transactions. This commonly happens when you are using a hotspot internet connection and those in the cafe also.

Sorry, but I don’t understand how this is possible, is it possible to crack a smart contract? I believe what you are talking about is not a hack but a substitution of a real site for a clone site.
As a result, users went to the clone site and entered their private keys there and also sent funds to the clone's wallets, which naturally led to huge losses among users, as well as rumors that the site was hacked.

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.

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.

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

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.

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.

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.

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 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.

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 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.

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.

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

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.

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!

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

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.

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.

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.

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.

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, forkdelta indeed requires entering our private key there but that does not mean it is a big risk. I have kept my assets there for 1 day 1 night but nothing happened, there was an increase in prices that made me get a profit. but still be vigilant and to avoid things that are not desirable, do not drag your assets for a long time there.

Forkdelta is pc friendly decentralize exchange. Mobile users will be experiencing problem because this exchange interface take time to open a few second and place order for buy/sell it’s difficult situation. Even android users can't use metamask. Which extension is worked in computer when you will add in chorme browser. Forkdelta is risky even although you create a new mew address for trading that's dosen't matter.                    

I believe that forkdelta in combination with metamask offers an acceptable degree of security, however I recommend using a secondary, service wallet and not the main wallet on which we keep all the funds...

I always used my PK when signing in. Can I know why PK have some more risk than other method such mnemonics? I am not quite familiar with metamask and it requires to use firefox which I dont have in my app now since I change my phone. I am more using the mew than this and I think security wise Im still okay and never been breach. But still wanna know how hackerd can know or breached you by an encrypted site.

Just try to remind you about the old hacked case that happened with etherdelta about how the DNS of exchange site is getting hijacked by the scammer. it's better to withdraw our funds when we have done with our trading. I personally will not try to use metamask as it's still having some bugs.

Its not only forkdelta is the exchange that you need to use your private key , remember idex also do the same. Affraid about given your private key to exchange?
Then always make a new wallet everytime you want to sell something in that case not all of your balance will be in danger once its hacked like what happen to etherdelta before.

I am using that exchange for a year now and I don't see a way that someone can hack yours unless if they are really good just like what happened in Etherdelta, I think 3 years ago when it got hacked. But with my experience, as long as you got your private keys and no one get the chance to have you are safe.

I don't think the problem is with Forkdelta, the problem is with you. The private key can be stolen from your computer or any phishing website. I rarely use my private key to log into Forkdelta or other Dapps, using Metamask is much safer.

I always use this method if I want to use forkdelta or other DEX, because I'm afraid something like etherdelta will happen again. It's just that I didn't connect the wallet to metamask so I logged in using privatekeys, because my metamask is only for my main wallet and there are no other additional wallets.

Yes, forkdelta and other similar on-chain exchanges are exactly smart contracts. They are run on smart contracts written by the exchange owners/employees.

If your order does not fill, what you can do depends on the exchange, but in every exchange I am aware of, you can cancel the order, although you will often have to pay a second tx fee to cover the transaction that cancels the order. In all cases, if the order is not filled by the time the “lock” on your coin expires, you will be free to spend your coin as you wish and the order will be invalidated.

I only use forkdelta because I have no other choice to sell tokens. It is ironic indeed because in this bad season many tokens are offered at very cheap prices, even though they are very far from ICO expectations because there is no other choice than to get nothing so investors and bounty hunters often dump it there.
When using forkdelta, I immediately import wallet and it's always safe. Possible cases experienced by the OP because there are other people who can access the private key. Indeed, nothing is really safe, so we must always be careful. So do not blame anyone, including the exchange because it could be that when our wallet is hacked there is a technical error that we have done so as to create opportunities for hackers to break into our assets.
The following suggestions are also good enough to be applied, separating between the main wallet and the wallet used for trading, to avoid unwanted losses.

I have been using Metamask for a while and I have no problem with it, it is really worth it to install this extension it functions like a ledger but not literally because hardware is more safer. With metamask you are safe with phishing. But your method is good In fact I have tried it too but sometimes your order at forkdelta is not filled that fast so it needs to stay there for a while and I am not comfortable logging in with private key even if it is newly created there are still risk, using metamask minimize the risk in the trading in Ethereum DEX.


@Everyone
Be careful in using forkdelta double-check everything before placing an order you might end up selling your tokens at a very low price, or buying at a very high price, it happens many times and some traders abruptly grab the chance and that trade cannot be reversed.

It's too complicated mate. The better way is to use metamask wallet or hardware wallet! I have been trading in Forkdelta exchange through metamask since 2018 and never faced a single problem. Now I do trade with Ledger wallet, but this is not for everyone!

I think the best thing you can do to secure your funds on the fork delta exchange is to create a new wallet in metamask, then connect it to the exchange.
The next step will be to transfer the necessary amount of funds to it, after that start trading. When you finish your interaction with the exchange, simply withdraw funds from your wallet to your ordinary wallet.
The next time you use it from the exchange, repeat the procedure, create a new wallet.

I guess we can call it a smart contract, can we? I have very little knowledge on this.
What if no one buys my coin at my desired price? Will my coin be forever stuck on the contract address? It’s possible that I can put a price which can be higher and no one willing to purchase at that price. When the contract will be ended in that case and the coin will be returned so that someone can ask for a lower price?

Forkdelta does not actually have access to your private keys when you use their exchange. Forkdetla is a decentralized exchange or DEX that has all trades settled on the blockchain. When you ‘deposit’ coin to the exchange, you are actually locking your coin so that you cannot spend the coin until the earlier of the exchange releasing the lock, or a predetermined time. When you place an order, you are signing a message that allows you to transfer your coin out of your ‘wallet’ but only if you receive a specific amount of a specific other coin at the same time. The exchange does not ever have the ability to arbitrarily move your coin.

Better still, for smartphone users, install firefox browser and download Metamask add-on for firefox and create new wallet. It's much more safer that way as you won't get your PK exposed.
Too much flaws on forkdelta and some other decentralized exchanges. They load slowly on some devices and UI is friendly.

Correct me but with the ground flaw in privacy due standard www protocols such effort would be pointless, and first thing you should do - move funds out of the exchange, and not fixing cozy nest )

i remember still have some old coin called bitasean, i checked it last minute ago,  i can't see my open sell order, but i see in order book my order still listed.
now i withdraw my 0.09ETH, i think forkdelta etherdelta is same, better we use bigger market like hotbit or binanceDex.

I never experience something like that. I always use a second wallet to use for trading and my main for storing. I use mew for storing and metamask when trading. I hate to install apps or extensions but it is needed to keep you safe when trading especially from scammers. Maybe your private key may have been phished that is why you got hacked.

Never experience that issue before in forkdelta maybe someone your key somewhere like you accidentally paste your key instead of your address ,
the number one rule when pasting is that before you click submit or anything make sure its not you keys there are lots of this happen in 2017 instead if address they paste their wallet keys and they are hack after that, so always double check what you submit, to avoid this kind of situation, but also its nice for someone who sgare their experience to help others avoid what happen to you
Another thing is maybe your computer is infected with some kind of maware, be sure to check on this, there are some who data mine you disk and send it to their private servers be aware with that if it happens to you couple of times

Stop blaming the exchange. You just looking for someone or something to blame. I have used both etherdelta and deltafork as well as other lesser known exchanges and used metamask to login. I use a separate wallet for each exchange and I do not leave much in the wallet after trading. I only leave a small amount of Eth for gas. I have never been hacked.

Never ever connect one of your main wallets to an exchange or even to a website that uses metamask. Rather make a new wallet and fund it. You can make as many wallets as you can so do that. Don't risk using a full wallet that's just silly.

I have not used forkdelta since long time but regarding 7th point you can write the amount of blocks, so if you want your order to sit there for long time just put some zeroes there.

Is there any instances wherein a user of forkdelta exchange has been hacked? excluding those who logged using fishing sites? I thought forkdelta is secured since Im using it for years now and I have no problems encountered Im not using metamask but direct import of my privatekey since then. 

Thank you very much Once I invested in Forkadelta without knowing it I couldn't afford my wealth and it cost a lot of fees. But now I have been able to do business in Forkdaleta using the key and multiple wallets when trading And never share my personal information.

It's also a wallet that you have to install on your browser. Basically, it doesn't have any other feature like the ones that we know but it's convenient because most dex can easily be connected using that. It's not that you will use metamask as your main wallet, as I've said, it's like your 2nd wallet where the transfer will go like this.
Main wallet > metamask > dex

I dont know how metamask to use and what those functions on this wallet because I hate installing apps or any apps extension in my chrome. I still prefer to use MEW for storing my tokens/coins that supported ERC20. Don't use your main portfolio or MEW wallet when you import your wallet in Fork Delta, create a new one and transfer the token that you wanted to trade in Fork Delta. Your private key in the main portfolio is totally safe and not linked any DEX sites.

This is my strategy too before signing to exchanges like forkdelta, I'll transfer first my tokens to metamask and then sign in through that. This is a safe way to log in with your private keys so that you don't have to log in with your main wallet that contains your whole assets in your portfolio.
I hope that others will do the same too and before installing metamask, check it first if the source is legit so that you can avoid fake and copy cat metamask and other apps.

Please do not use your private key to sign in. Please use MetaMask.

The private key method is kept there for legacy reasons.

-- freeatnet from ForkDelta

This is what im doing anytime i do logged in into sites or my wallet credentials which is most likely to happen with DEX platforms.
We cant still be sure or have that 100% assurance or security anytime we do input our PK thats why i do make secondary wallets
for having a secure transaction and without the need on exposing your main wallet.

I never disclose my key to anyone. For transactions like Forkdelta I usually create a secondary wallet, then transfer the amount I need to trade into it, after the transaction is completed I will withdraw all the money from the secondary wallet back to the main wallet.

Thank you sir. It will be helpful for me and others.

You were probably breached somewhere. It could be that someone was able to copy your private keys from your device or thru a phishing site.

Anyway, coingecko made A Complete Guide to Using ForkDelta. Anyone planning to trade there should read that guide first.

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.