How to secure your asset in forkdelta?

[Hepatocyte]

Forkdelta is the world's most risky exchange i think. Because in this exchange you need private key to log in.

I have two bad experience in this exchange. My wallet was hacked two times while trading in this exchange.

Now i want to warn beginners who want to trade in Forkdelta.

1. At first i suggest you to use metamask.
2. Those who haven't computer, use mobile phone, they may use a new ERC 20 wallet for trading purpose.
3. You can create a new address in forkdelta or import an existing account. https://i.imgur.com/cTJbtTt.png
4. Then you are able to trade in forkdelta.
5. Now you can make a buy order or sell order. I suggest everyone to Forget your account from forkdelta just after making an order. https://i.imgur.com/B2DBJXD.png
6. You may think that what happen to your asset when you forget your account? Nothing happen. You can view your order without login. When you see that your order is completed then you login to your account and withdraw your asset.
7. You have to remember that every 10000 block your order is expired if it is not completed. So you have to check your order and if expire you have to make an order again.
8. This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

I think there are more ways may be to secure asset in forkdelta. So anyone who have idea please discuss here. Thanks my friends.

[Bttzed03]

You were probably breached somewhere. It could be that someone was able to copy your private keys from your device or thru a phishing site.

Anyway, coingecko made A Complete Guide to Using ForkDelta. Anyone planning to trade there should read that guide first.

[Hepatocyte]

You were probably breached somewhere. It could be that someone was able to copy your private keys from your device or thru a phishing site.

Anyway, coingecko made A Complete Guide to Using ForkDelta. Anyone planning to trade there should read that guide first.

Thank you sir. It will be helpful for me and others.

[xZork]

I never disclose my key to anyone. For transactions like Forkdelta I usually create a secondary wallet, then transfer the amount I need to trade into it, after the transaction is completed I will withdraw all the money from the secondary wallet back to the main wallet.

[Oilacris]

I never disclose my key to anyone. For transactions like Forkdelta I usually create a secondary wallet, then transfer the amount I need to trade into it, after the transaction is completed I will withdraw all the money from the secondary wallet back to the main wallet.

This is what im doing anytime i do logged in into sites or my wallet credentials which is most likely to happen with DEX platforms.
We cant still be sure or have that 100% assurance or security anytime we do input our PK thats why i do make secondary wallets
for having a secure transaction and without the need on exposing your main wallet.

[freeatnet]

Please do not use your private key to sign in. Please use MetaMask.

The private key method is kept there for legacy reasons.

-- freeatnet from ForkDelta

[passwordnow]

Please do not use your private key to sign in. Please use MetaMask.

The private key method is kept there for legacy reasons.

-- freeatnet from ForkDelta

This is my strategy too before signing to exchanges like forkdelta, I'll transfer first my tokens to metamask and then sign in through that. This is a safe way to log in with your private keys so that you don't have to log in with your main wallet that contains your whole assets in your portfolio.
I hope that others will do the same too and before installing metamask, check it first if the source is legit so that you can avoid fake and copy cat metamask and other apps.

[sheenshane]

Please do not use your private key to sign in. Please use MetaMask.

The private key method is kept there for legacy reasons.

-- freeatnet from ForkDelta

This is my strategy too before signing to exchanges like forkdelta, I'll transfer first my tokens to metamask and then sign in through that. This is a safe way to log in with your private keys so that you don't have to log in with your main wallet that contains your whole assets in your portfolio.
I hope that others will do the same too and before installing metamask, check it first if the source is legit so that you can avoid fake and copy cat metamask and other apps.

I dont know how metamask to use and what those functions on this wallet because I hate installing apps or any apps extension in my chrome. I still prefer to use MEW for storing my tokens/coins that supported ERC20. Don't use your main portfolio or MEW wallet when you import your wallet in Fork Delta, create a new one and transfer the token that you wanted to trade in Fork Delta. Your private key in the main portfolio is totally safe and not linked any DEX sites.

[passwordnow]

Please do not use your private key to sign in. Please use MetaMask.

The private key method is kept there for legacy reasons.

-- freeatnet from ForkDelta

This is my strategy too before signing to exchanges like forkdelta, I'll transfer first my tokens to metamask and then sign in through that. This is a safe way to log in with your private keys so that you don't have to log in with your main wallet that contains your whole assets in your portfolio.
I hope that others will do the same too and before installing metamask, check it first if the source is legit so that you can avoid fake and copy cat metamask and other apps.

I dont know how metamask to use and what those functions on this wallet because I hate installing apps or any apps extension in my chrome. I still prefer to use MEW for storing my tokens/coins that supported ERC20. Don't use your main portfolio or MEW wallet when you import your wallet in Fork Delta, create a new one and transfer the token that you wanted to trade in Fork Delta. Your private key in the main portfolio is totally safe and not linked any DEX sites.

It's also a wallet that you have to install on your browser. Basically, it doesn't have any other feature like the ones that we know but it's convenient because most dex can easily be connected using that. It's not that you will use metamask as your main wallet, as I've said, it's like your 2nd wallet where the transfer will go like this.
Main wallet > metamask > dex

[Negotiation]

Thank you very much Once I invested in Forkadelta without knowing it I couldn't afford my wealth and it cost a lot of fees. But now I have been able to do business in Forkdaleta using the key and multiple wallets when trading And never share my personal information.

[ice18]

Is there any instances wherein a user of forkdelta exchange has been hacked? excluding those who logged using fishing sites? I thought forkdelta is secured since Im using it for years now and I have no problems encountered Im not using metamask but direct import of my privatekey since then. 

[libert19]

I have not used forkdelta since long time but regarding 7th point you can write the amount of blocks, so if you want your order to sit there for long time just put some zeroes there.

[Lauren Smith]

Stop blaming the exchange. You just looking for someone or something to blame. I have used both etherdelta and deltafork as well as other lesser known exchanges and used metamask to login. I use a separate wallet for each exchange and I do not leave much in the wallet after trading. I only leave a small amount of Eth for gas. I have never been hacked.

Never ever connect one of your main wallets to an exchange or even to a website that uses metamask. Rather make a new wallet and fund it. You can make as many wallets as you can so do that. Don't risk using a full wallet that's just silly.

[akirasendo17]

Never experience that issue before in forkdelta maybe someone your key somewhere like you accidentally paste your key instead of your address ,
the number one rule when pasting is that before you click submit or anything make sure its not you keys there are lots of this happen in 2017 instead if address they paste their wallet keys and they are hack after that, so always double check what you submit, to avoid this kind of situation, but also its nice for someone who sgare their experience to help others avoid what happen to you
Another thing is maybe your computer is infected with some kind of maware, be sure to check on this, there are some who data mine you disk and send it to their private servers be aware with that if it happens to you couple of times

[nakamura12]

I never experience something like that. I always use a second wallet to use for trading and my main for storing. I use mew for storing and metamask when trading. I hate to install apps or extensions but it is needed to keep you safe when trading especially from scammers. Maybe your private key may have been phished that is why you got hacked.

[secone]

7. You have to remember that every 10000 block your order is expired if it is not completed. So you have to check your order and if expire you have to make an order again.
8. This is because the more time you Login in forkdelta, the more chance to hack your wallet. Hackers need some time to hack your wallet.

i remember still have some old coin called bitasean, i checked it last minute ago,  i can't see my open sell order, but i see in order book my order still listed.
now i withdraw my 0.09ETH, i think forkdelta etherdelta is same, better we use bigger market like hotbit or binanceDex.

[charlie137]

Correct me but with the ground flaw in privacy due standard www protocols such effort would be pointless, and first thing you should do - move funds out of the exchange, and not fixing cozy nest )

[Krislaw]

Better still, for smartphone users, install firefox browser and download Metamask add-on for firefox and create new wallet. It's much more safer that way as you won't get your PK exposed.
Too much flaws on forkdelta and some other decentralized exchanges. They load slowly on some devices and UI is friendly.

[PrimeNumber7]

I never disclose my key to anyone. For transactions like Forkdelta I usually create a secondary wallet, then transfer the amount I need to trade into it, after the transaction is completed I will withdraw all the money from the secondary wallet back to the main wallet.

Forkdelta does not actually have access to your private keys when you use their exchange. Forkdetla is a decentralized exchange or DEX that has all trades settled on the blockchain. When you ‘deposit’ coin to the exchange, you are actually locking your coin so that you cannot spend the coin until the earlier of the exchange releasing the lock, or a predetermined time. When you place an order, you are signing a message that allows you to transfer your coin out of your ‘wallet’ but only if you receive a specific amount of a specific other coin at the same time. The exchange does not ever have the ability to arbitrarily move your coin.

[RapTarX]

When you place an order, you are signing a message that allows you to transfer your coin out of your ‘wallet’ but only if you receive a specific amount of a specific other coin at the same time. The exchange does not ever have the ability to arbitrarily move your coin.

I guess we can call it a smart contract, can we? I have very little knowledge on this.
What if no one buys my coin at my desired price? Will my coin be forever stuck on the contract address? It’s possible that I can put a price which can be higher and no one willing to purchase at that price. When the contract will be ended in that case and the coin will be returned so that someone can ask for a lower price?