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Topic: TRADING IN ETHERDELTA, FORKDELTA, TOKENSTORE, etc. (Read 321 times)

brand new
Activity: 0
Merit: 0
Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.
full member
Activity: 448
Merit: 108
Decentralized exchanges are indeed safer than centralized exchanges, but less convenient. I never recommend inserting your private key, it is much safer to use Ledger.
full member
Activity: 392
Merit: 101
Yes that is true that all of your transactions in that exchanges will cost a lot of gas im stil using that exchanges for almost 1 year and when im using this exchanges i used first metamask for me to avoid hack of my account
full member
Activity: 434
Merit: 126
Everyone should make a note of this..

Anything you do on etherdelta, forkdelta, tokenstore (or anywhere that requires wallet import) consumes your gas i.e. ETH of your wallet..you make deposits, withdrawals, ask order, bid order or even for cancellation of order also consumes your ether..So trade on tokenstore by keeping in mind of these things..otherwise creating multiple orders and canceling them will make you loose your balance without earning anything..Be Alert and Play safe..
really do it more often we do the order and cancel it will be more cost required because almost every activity there use cost, so we should avoid unnecessary thing to minimize cost required.
you are right, very often this happens with us by making a reservation and we often cancel it, but this kind of thing is very harmful because in every activity in the market always use cost. so we must really pay attention to such incident and must be clever make notes to ourselves so we are not easy to make decisions in a hurry, and should be calmly thought about.
full member
Activity: 1050
Merit: 101
Last time I visited TokenStore it had not much volume for the tokens I wanted to sell. Thanks for reminder I'll pay a visit again because there are some interesting tokens listed.
And I can add that Deltas need more transactions than other exchanges but if the Ethereum network is not loaded they are pretty cheap.
newbie
Activity: 126
Merit: 0
They have their fair share of difficulties.
With metamask you're safe to deposit your assets. Whose exchanges are best for just buying coins. Trading requires a lot of activity, and every click of the mouse costs you gas fees.
Also orders are not automatically matched, and updates are slow.
newbie
Activity: 80
Merit: 0
You write obvious things. The problem is that newcomers do not want to study the features of a decentralized exchange. I have already observed many times how newcomers write complaints about such exchanges, without understanding how it works

The reason why they complain about not being able to use it is because they didn't study how to use it either by watching YouTube videos of it or by asking someone who knows about it very much,  it's much easier for nobs to do mistakes on those sites,  but those exchange sites are one the best in getting undervalue gem
legendary
Activity: 1274
Merit: 1001
Forget about ETD cause it's the worst crypto exchange ever Smiley. It's the heaven of hacker and so many traders lost their token on ETD. Forkdelta is also the same exchange type of ETD but a little bit better but IMO, I think all of you guys shouldn't use Forkdelta and just wait until your token list on official exchange.
Agree. Before ED was hit by a hack, this exchange was one of the favorite exchanges of traders who liked the decentralized mode of exchange. But after the hack incident, the exchange is not recommended. Traders have lost faith in this exchange that makes this exchange abandoned. As a result, trading volume in ED is very low.
sr. member
Activity: 588
Merit: 250
Forget about ETD cause it's the worst crypto exchange ever Smiley. It's the heaven of hacker and so many traders lost their token on ETD. Forkdelta is also the same exchange type of ETD but a little bit better but IMO, I think all of you guys shouldn't use Forkdelta and just wait until your token list on official exchange.
full member
Activity: 1489
Merit: 150

For Forkdelta and Etherdelta I recommend using Metamask. it's probably safer than importing Private Key directly.
I am very difficult to use metamask, I just use private key to access my account.
I think there is no difference and both are very safe.
nothing to worry about this.
newbie
Activity: 118
Merit: 0
With importing can you sell your tokens on ForkDelta? I thought it was possible however not sure how to do. Any idea for DEX importing account?

Thanks
sr. member
Activity: 1036
Merit: 273

For Forkdelta and Etherdelta I recommend using Metamask. it's probably safer than importing Private Key directly.

Forkdelta and Etherdelta sound the same, I read once an article about it and just got curious later on and never searched it. So the question is base from what I read before and I want to get clarified/ any clarifications  on this one....

Is Forkdelta the same and does it come from Etherdelta? Is it a fork?

I know its weird but this is what I read before that forkdelta is a fork of etherdelta.

EYES HERE WANT TO ASK A QUESTION

Did you guys used changelly? its an exchange also, same as Etherdelta forkdel but cheaper fees

I used forkdelta without importing private key. I used myetherwallet address. Ether arrived in forkdelta without any problem. Be careful giving private key to any site.

I also give my Privatekey to those exchanges. But sometimes I did not have to lose balance, Maybe the only problem with new comers is that they do not read about the exchange so they often lose balance and complain about it in the forum.

I am one of it to prove that I dont read and I think its a problem by some. So yeah did not read and learned I got a mistaka and so for that I did my best to learn and be better also to prevent and stop my mistakes. SO MAIN LESSON, "LEARN TO READ"
hero member
Activity: 658
Merit: 851
Mister Obvious to the rescue !
legendary
Activity: 1386
Merit: 1001
Yes trading on decentralised exchanges tends to spend your gas and i remember a scenario when i had the only amount of eth that i could send from this side and when i sent my tokens on ED wallet then i had no eth to make the sell order and thus i was left helpless.
member
Activity: 293
Merit: 12
Actually never heard of TokenStore , and about that GAS ? Its actually an ethereum thingy , since all coins on EtherDelta / Forkdelta are ERC20 based . Then they are following the ethereum blockchain thingy , every move requires a gas for it to be able to trade . I mean , 90% of coins requires fees you know . And when trading with these exchanges , you should use MetaMask . Its the maximum security you can get in ERC20 tokens .
sr. member
Activity: 462
Merit: 260
I used forkdelta without importing private key. I used myetherwallet address. Ether arrived in forkdelta without any problem. Be careful giving private key to any site.

I also give my Privatekey to those exchanges. But sometimes I did not have to lose balance, Maybe the only problem with new comers is that they do not read about the exchange so they often lose balance and complain about it in the forum.
full member
Activity: 407
Merit: 101
Everyone should make a note of this..

Anything you do on etherdelta, forkdelta, tokenstore (or anywhere that requires wallet import) consumes your gas i.e. ETH of your wallet..you make deposits, withdrawals, ask order, bid order or even for cancellation of order also consumes your ether..So trade on tokenstore by keeping in mind of these things..otherwise creating multiple orders and canceling them will make you loose your balance without earning anything..Be Alert and Play safe..
really do it more often we do the order and cancel it will be more cost required because almost every activity there use cost, so we should avoid unnecessary thing to minimize cost required.
member
Activity: 350
Merit: 11
When I learned that for any action on these exchanges you need to pay a lot of Gas, then I decided not to trade on these exchanges.  Since here you need to calculate very well, you will receive profit or not.  I believe that good coins will necessarily go to other exchanges.  Then you can sell them and buy them.
member
Activity: 148
Merit: 10
I was switching from Etherdelta to forkdelta to exchange just to do my selling in other markets too much risk of shipping costs more than twice
jr. member
Activity: 280
Merit: 1
I chose etherdelta. Although it is often heard that etherdelta is vulnerable to phishing because it uses private keys and sometimes the response is slow but I still feel comfortable using etherdelta.
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