How to trade any Ethereum based (ERC20) token not listed in any famous exchange

jpoker272727

legendary

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Merit: 1000

Quote from: danscub on March 14, 2018, 10:55:24 AM

First to check if the token you are holding is already listed in exchange.

The author of the thread is telling people what to do if the token is not listed on any major exchange.
He is right for that if The token is just distributed and people are looking for an exchange yet the team doesn't have any,
IDEX and FORKDELTA is the basic exchange, ONLY FOR ERC20, NEP5 token will surely have one like this soon!

jacafbiz

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Sugars.zone | DatingFi - Earn for Posting

DEX exchanges helped with token listings but the main challehge is the volume, if there is no volume to support a trade then it is useless placing an order on the exchange because it will not be filled unless one want to dump the tokens on the market which will result in further crash of the tokens

rumexx

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Quote from: IsuruMaduranga on March 14, 2018, 10:50:52 AM

Actually this is my reply to a question asked in altcoin section.
I thought it would be helpful to most of the newbies who are doing bounties

So i post it here.

Decentralized exchanges let you trade most of the coins(tokens).

IF the token is listed in a decentralized exchange use following sites.

1. IDEX - https://idex.market/
2. Etherdelta - https://etherdelta.com/

Using Etherdelta is not advised because of it had lot of security issues and down times in recent history.
Instead use forkdelta. Actually it is forked from etherdelta.

3. Forkdelta - https://forkdelta.github.io/

In some cases, some tokens are not in any exchange including decentralized ones. (Ex: Pindex-PDI is not yet in any exchange sadly)
Then we can use the smart contract of the token to trade. This method is very useful to buy some tokens very cheaply before they come to the market. Cool

The procedure - How to trade any token

1. Go to Ethplorer.io
2. Search the token you want to trade in search bar.
3. Get the smart contract address of it. (Contract address)
4. Go to the url - https://forkdelta.github.io/#!/trade/-ETH
5. Refresh page again.
6. Now you will find the order book. Place sell order or sell to a order already there. If you want to buy place a buy order.

Happy trading!

This is a nice explanation but this will be for a veteran who has been trading and are conversant with the ERC contract and some of the sites. Like it took me almost a day to understand the Idex.market exchange platform. So for a newbie you have to imagine how long it will take such a person.

danscub

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First to check if the token you are holding is already listed in exchange.

Ponya

copper member

Activity: 140

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Our REDL tokens will be trade after ICO!

IsuruMaduranga

jr. member

Activity: 182

Merit: 7

Block chain enthusiast

Actually this is my reply to a question asked in altcoin section.
I thought it would be helpful to most of the newbies who are doing bounties

So i post it here.

Decentralized exchanges let you trade most of the coins(tokens).

IF the token is listed in a decentralized exchange use following sites.

1. IDEX - https://idex.market/
2. Etherdelta - https://etherdelta.com/

Using Etherdelta is not advised because of it had lot of security issues and down times in recent history.
Instead use forkdelta. Actually it is forked from etherdelta.

3. Forkdelta - https://forkdelta.github.io/

In some cases, some tokens are not in any exchange including decentralized ones. (Ex: Pindex-PDI is not yet in any exchange sadly)
Then we can use the smart contract of the token to trade. This method is very useful to buy some tokens very cheaply before they come to the market. Cool

The procedure - How to trade any token using the smart contract address

1. Go to Ethplorer.io
2. Search the token you want to trade in search bar.
3. Get the smart contract address of it. (Contract address)
4. Go to the url - https://forkdelta.github.io/#!/trade/-ETH
5. Refresh page again.
6. Now you will find the order book. Place sell order or sell to a order already there. If you want to buy place a buy order.

Happy trading!

Topic: How to trade any Ethereum based (ERC20) token not listed in any famous exchange (Read 129 times)