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1  Economy / Exchanges / Re: Is IDEX a safe exchange to use. They have an option that asks for private keys. on: February 18, 2018, 03:08:57 PM
Hi Alex,

I have been hesitant about using a decentralized exchange because I've seen stories about fake tokens being sold on etherdelta:

https://www.reddit.com/r/WePowerNetwork/comments/7wce0q/wepower_already_on_exchanges_fake_wepower_tokens/

https://www.reddit.com/r/arcblock/comments/7wbrf7/arcblock_already_on_exchange/

Can you confirm this is 100% not a concern on Idex? Can I purchase tokens on Idex with full assurance that they will be authentic tokens?

From what I've read, fake tokens cannot be sold on centralized exchanges. But apparently it is possible on etherdelta because they are a decentralized exchange. Given Idex is also a decentralized exchange, I'm hesitant about using it.

If it is not possible for someone to sell fake tokens on Idex, please let me know how your exchange is different (what mechanism do you have that would prevent token fraud. )


Thanks in advance for your response!
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