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Author Topic: Can i trust EtherDelta with my Private Keys ?  (Read 11015 times)
jay8291 (OP)
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July 16, 2017, 09:40:34 AM
 #1

Hello,

I wanted to try etherdelta to trade my tokens.

Can i trust etherdelta with my Private keys ?

           
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July 27, 2017, 12:40:41 PM
 #2

Yes, you can trust any such outfit with your privkeys - insofar as your personal 'sorry for your loss' threshold allows

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July 27, 2017, 01:01:19 PM
 #3

Some of my friends have tried and trade etherdelta and it's all safe. But I have not tried, better I wait until the coins that I hold listed to other exchangers.
But if you are impatient and there is a sudden need, I suggest to try to sell a little first, if safe sell all.
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July 27, 2017, 01:06:14 PM
 #4

I trading in etherdelta and it save.
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July 27, 2017, 01:12:32 PM
 #5

Ive tried etherdelta once and input with my private keys. Then so far I didnt encountered any problem, also my other friends use this trading site. Their feedback is secured and safe and fast withdrawals.
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July 27, 2017, 01:26:40 PM
 #6

I have never tried EtherDelta, but if you want to do so maybe you should create a new wallet, but a small amount of ETH (or other tokens you want to trade) and try it yourself. If you find out that it is not safe after all, at least you won't lose everything at once. Keep your private keys of your main wallet to yourself until you get confidence. And always double-check URLs (myetherwallet, etherdelta, and all the other where you need to paste your private key).
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July 27, 2017, 01:30:40 PM
 #7

I have never tried EtherDelta, but if you want to do so maybe you should create a new wallet, but a small amount of ETH (or other tokens you want to trade) and try it yourself. If you find out that it is not safe after all, at least you won't lose everything at once. Keep your private keys of your main wallet to yourself until you get confidence. And always double-check URLs (myetherwallet, etherdelta, and all the other where you need to paste your private key).
As a newbie you are already knowledgeable when it comes on securing important stuffs and you are complete right we should really be aware anytime on where we would paste our private keys and never ever make it on public or else say goodbye to your coins. Ive been trading on EtherDelta and i would say that Private keys does really works fine for me and there no such problems when i do try to access it.

R


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July 27, 2017, 10:39:02 PM
 #8

So far I didn't face any problem, as long as I know etherdelta is save.

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July 27, 2017, 10:47:17 PM
 #9

Ive tried etherdelta once and input with my private keys. Then so far I didnt encountered any problem, also my other friends use this trading site. Their feedback is secured and safe and fast withdrawals.
But the fees are rediculous in my mind, All of your activity in etherdelta will get a charge in ethereum fees. That is one of the main reasons that the etherdelta doesn't have a lot of demand i mean about why etherdelta just has a little volume.
It's safe in my mind because etherdelta is the decentralized exchange. But just wait until the coin will be listed on the centralized exchange. that makes you easy to sell your coin.  Roll Eyes

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July 27, 2017, 10:58:07 PM
 #10

for me , if i were you , i will not trust any website with my private keys , unless it recomended , beause its very risky to share your private keys in other websites , maybe its a scam , or its a fake website that can get all you money or coins
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July 27, 2017, 11:25:44 PM
 #11

Never share your private key with such websites. You don't know what will happen to these websites in future ( even now they are safe) You must be the only person that know your private key and you must be the only person who can control your coins.

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July 27, 2017, 11:31:42 PM
 #12

I trading in etherdelta and it save.

if save why must put private key ?
what is use and function etherdelta record private key
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July 28, 2017, 01:05:31 AM
 #13

Ive tried etherdelta once and input with my private keys. Then so far I didnt encountered any problem, also my other friends use this trading site. Their feedback is secured and safe and fast withdrawals.

I was too hesitant to try etherdelta as you need to input your private key. Can't help it as many phishing site are every where that anytime it can hack your wallet. But thanks for these feedback, I'll just consult first some well experienced friends and try it sooner when the market becomes better.
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July 28, 2017, 01:08:33 AM
 #14

I do not know what set up Etherdelta has in place but the no.1 rule in the cryptospace is you do not trust any 3rd party with your private keys. That is it. No whys, no buts.

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July 28, 2017, 02:09:28 AM
 #15

So far I didn't face any problem, as long as I know etherdelta is save.
I have done transactions in etherdelta and have been several times to exchange tokens. So far I've also never found a problem.
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July 28, 2017, 03:07:34 AM
 #16

Hello,

I wanted to try etherdelta to trade my tokens.

Can i trust etherdelta with my Private keys ?
Accually we should not trust any 3rd person with our private keys.we should keep in mind that.i did not try to trade in etherdelta but most of tradders here completed their trade with safely so i think you can trust it.

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July 28, 2017, 03:18:38 AM
 #17

I trading in etherdelta and it save.

I heard about etherdelta exchangers,
is there minimum WD bitcoin? if there, how much minimum and how much fee for WD?









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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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CoinHoarder
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July 28, 2017, 03:55:16 AM
Last edit: July 28, 2017, 11:39:37 AM by CoinHoarder
 #18

Correct me if I am wrong, but Etherdelta is a smart contract, and your private keys are never sent to the contract... just a signature that is created client-side with your keys that are stored in Meta Mask. Assuming the smart contract doesn't have any bugs, then your tokens are probably safe, but of course you do have a risk of there being a bug in the smart contract. It would not be the first time a smart contract's funds have been drained due to a bug...

Is it safer than a traditional centralized exchange? It's tough to say, but I am leaning towards yes. Both are susceptible to bugs, but centralized exchanges are also prone to hacks, misappropriation of funds, regulatory issues, and theft.
renes
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July 28, 2017, 05:26:40 AM
 #19

You should not trust even yourself with your private keys. Every option to keep or use private keys have some risks. Use an extra ethereum address for such services to avoid big losses.
akuser
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July 28, 2017, 09:38:11 AM
 #20

I have never tried it, I heard a lot of this exchanger. Popular, because some new coin is sold there.
Someday it might be like Bittrex or Polo.

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