What is Etherdelta ICO. How cryptocurrency exchange functions.
Etherdelta ICO started working as a decentralized platform in 2017 and fast turned into popular crypto-hub where users can trade ETH, ERC-20 tokens. After integration of a wallet the person is able to buy and sell coins on the market easily. Any crypto that suits Ether network is traded there. The deals are concluded with help of smart contracts enabling easy automation of the processes that have to do with movement of finances. The platform was successful as many tokens devised by numerous ICOs were offered for trade there. A good choice of Etherdelta tokens and big popularity of ICOs gave boost to the platforms, where users could find numerous tokens on sale. On most busy days the trading volume of the resource surpassed 10 million dollars. But soon multiple business rivals appeared on the market with their offers and Etherdelta lost its unique character. The site had inner problems as well. All this brought to small decline of the marketplace, but it still provides quality service.
It is not necessary to start an account on the site to perform some functions. It is even possible to make a deposit and withdraw funds without having a personal account with the site. It is enough just to integrate a wallet and start trading. The priority is given to smart contracts.
EtherDelta features a nice interface with all necessary features embedded to the wallet of the person. The data is placed in a convenient way and is easily found when the person needs to complete the trade. EtherDelta listing includes currencies based on Ethereum such as Augur, Iconomi etc. The taker is charged with fee and it is always 0.3%. All financial operations such as depositing to Etherdelta balance and withdrawals are free.
Being a decentralized platform, the site is able to avoid problems, which usually face centralized services. If the problem arises, it is removed and corrected fast. The procedure does not go via platform but between peers involving P2P connection. Everything is done automatically. All usual risks do not exist on decentralized platforms therefore customers prefer applying to such exchanges.
The customers point out that Etherdelta is a bit hard if you are a novice. It is confusing to start working with it though the interface is not complicated. The users are able to follow the guide, which demonstrates how to start a new account with the platform. Creation of a wallet within the exchange is actually very easy. Popup window tells you what to do with numerals provided to you. The person gets public and private keys.
If you have some other questions about Etherdelta, Bitcointalk forums will probably clarify these issues. It is also apply to the support team of the exchange.
One of the biggest advantages of Etherdelta – currency selection based on Ethereum. There is a good assortment of tokens. Some of them are hard to find at other places. The service offers more than 241 tokens.
The web service is rather flexible as the user has the opportunity to add a coin released by ICO. Etherdelta was the first trading platform for a big number of tokens. Customers like the responsive attitude and this financial company demonstrates the one. It is enough just to enter some data to make the coin real and add it to the listing. Though the service has a range of benefits and mostly meets the requirements of customers, some of them are not pleased with interface. It is not adjusted well to the needs of users, in their opinion. There were cases when clients made mistakes, which cost them much. Another thing causing displeasure is slow trading.
Etherdelta code is available on Github, consequently, can be jointly improved by developers.
It is a good choice if you want to sell or buy coins based on ETH. If you need to trade BTC, then you will have to apply to other exchanges such as:
• Polish platform Bitmaszyna
• Coingi that offers crypto-to-crypto exchange
• Bitssa based in Africa
There are platforms for other coins as well. For instance, UK-based platform Leoxchange trades Leocoin.
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