Ether Delta’s Key Features<\/a><\/h3>\n[lptw_table id=”4526″ style=”default”]<\/p>\n
How It Works<\/a><\/h3>\nEthere Delta functions like one big smart contract.\u00a0 Smart contracts oversee most of the site’s functions, including wallet integration, deposits, withdrawals, and trade orders.\u00a0 They’re Ether Delta’s distinguishing feature, making it truly decentralized and offering users more control than other mainstream exchanges.<\/p>\n
Upon opening Ether Delta, you’ll notice how compact the entire interface is.\u00a0 The wallet, order book, and price chart are all in the same place, and you don’t even have to create an account to begin trading.<\/p>\n
![\"ED\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/EDsnap.png\")
<\/a><\/p>\nInstead of opening an account like you would on a legacy exchange, Ether Delta’s smart contracts allow you to manage your funds directly using your own Ethereum wallet account.\u00a0 You can eith![\"EDdropdown\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/Eddropdown.png\")
<\/a>er import a preexisting Ethereum account or create a new one with the exchange.\u00a0 Alternatively, you can also sync a Ledger Nano S or Meta mask account to the exchange.\u00a0 We’ll go over each of these account options in more detail below, but first we’re gonna look at how to begin trading on Ether Delta.\u00a0 To manage your account(s), you click on a drop-down menu in the upper right-hand corner of the exchange.\u00a0 From here, you can import\/integrate wallets and keys and open an account’s Etherscan page.<\/p>\nIt’s important to note that you cannot trade directly from your Ethereum accounts.\u00a0 To use the exchange, you have to transfer funds from your personal wallet to the exchange wallet.\u00a0 In order to do this, hop over to the Balance box on the right side of the page and select Deposit.\u00a0 Any funds that are in your personal wallet will be listed under “Wallet,” while any funds that are in the exchange’s smart contract will be listed under “Ether Delta.”\u00a0 To initiate a transfer, you need to enter the amount of Ethereum or ERC20 token you want to move from you wallet to the exchange and click the blue Deposit button.<\/p>\n
![\"ED](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/EDdeposit.png\")
<\/a><\/p>\n![\"ED](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/POEwithdraw.png\")
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After you’ve done that, a pop-up will give you an Etherscan address to track your transaction.\u00a0 The funds will hit your exchange wallet as soon as miners verify the transaction.\u00a0 This process works the exact same for withdrawals.\u00a0 You just need to click on the Withdrawals section of the Balance Box, enter the amount you’d like to move from Ether Delta into your wallet, and click “Withdraw.”\u00a0 There’s also a transfer option to send exchange or wallet funds directly to a different Ethereum wallet address.<\/p>\n
And that’s all there is to it.\u00a0 The transfer process may seem excessive and tedious at first, but its nothing you don’t already have to do with mainstream exchanges.\u00a0 Moreover, it gives you additional control over your funds, as the smart contracts conform to a multitude of wallets and storage options.<\/p>\n
Here are some of the options you have for syncing an external Ethereum account with Ether Delta.<\/p>\n
Ledger Nano S<\/a><\/h4>\nThis is perhaps the safest and easiest option for managing your private keys with Ether Delta’s smart contracts.<\/p>\n
To get started, you just plug in your Ledger Nano S to your computer, unlock it, and open the Ethereum App.\u00a0 Next, you have to enable contract data and turn on browser support.\u00a0 Once you’ve done that, Ether Delta will recognize your Ledger and whatever funds you have will show up in the personal wallet section of the Balance box.\u00a0 Whenever you’re executing a or transferring coins, you’ll just have to confirm the transaction of your Ledger–the Ledger Nano S stores your private keys and account address, so it takes care of the rest.<\/p>\n
![\"edlsn\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/EDlsn.png\")
<\/a><\/p>\nMeta Mask<\/a><\/h4>\n![\"metamask\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/metamask.png\")
Meta Mask isn’t as secure as the Ledger Nano S, but its a close second.\u00a0 It’s a DAPP (decentralized application) that runs as a Chrome plug-in, and you can download it for free on Chrome’s web store.\u00a0 Once you’ve got it downloaded, you’ll create a password that allows you to access your Meta Mask address and private key.<\/p>\n
Your Meta Mask account should be visible from the drop-down in Ether Delta’s top right-hand corner.\u00a0 As with the Ledger Nano S, as long as Meta Mask is unlocked and running, you can manage its funds using Ether Delta’s smart contracts.<\/p>\n
<\/h4>\nImporting or Creating a New Account<\/a><\/h4>\nYou also have the option to import any existing Ethereum account into Ether Delta.\u00a0 To do so, you click the account selection dropbox in the top right-hand corner, select “Import Account,” and provide the account’s address and private key.<\/p>\n
![\"\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/ednewkey.png\")
<\/a><\/p>\nEther Delta also allows you to create a new account using the exchange’s smart contracts.\u00a0 Simply click on “New Account” in the dropbox and it will provide you with a fresh wallet ID and private key.\u00a0 Make sure you record the both of these IDs, especially the private key.\u00a0 If you lose the new account’s private key, you won’t be able to access your funds.<\/p>\n
![\"newkeyed\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/newed.png\")
<\/a><\/p>\nAccount Security<\/a><\/h4>\nEther Delta’s decentralized nature, smart contracts, and personal wallet integration make it one of the most secure exchanges out there.<\/p>\n
Traditional exchanges require you to set up an account to trade and hold funds.\u00a0 This account is based inside the exchange’s network, and all your funds are held within this account.\u00a0 Passwords, usernames, and (sometimes) multi-factor authentication secures your account.<\/p>\n
With Ether Delta, any and all of your accounts used to manage your fund exist outside<\/strong> of the exchange.\u00a0 To allows users to access these accounts, Ether Delta’s smart contracts work together with individual wallet addresses and private keys.<\/p>\nSo if you don’t have an address’ private keys, you cannot access that address’s funds, whether they be in the original account or within Ether Delta’s smart contracts.\u00a0 This makes Ether Delta more secure than traditional exchanges, which hold your private keys for you.\u00a0 If anyone gains access to your exchange’s account on say, Bittrex or Binance, this means they can do whatever they wish with your funds.\u00a0 With Ether Delta, they view your wallet address, but without that account’s private key, they can’t touch anything in it.<\/p>\n
This is why\u00a0the recent hacking<\/a>\u00a0Ether Delta experienced was not as damaging to the exchange as we’ve seen with past exchanges, like Youbit<\/a>.\u00a0 The hacker didn’t hack into the exchange itself–he only hacked Ether Delta’s domain name, so it was more of a phishing scam than an actual hack.\u00a0 If it had been a typical exchange, the hacker could have hacked into the exchange’s centralized server, accessed its hot wallet, and taken the money and ran.\u00a0 Ether Delta, however, doesn’t have a hot wallet because it doesn’t hold funds for its users.\u00a0 All users hold their own funds within the exchange’s smart contracts, so the only way the hacker could access them was to trick users into revealing their private keys on a fake Ether Delta website he used to replace the real domain.<\/p>\nThis phishing attack proved just how stout decentralized exchanges are.\u00a0 Without a centralized source to hold funds, the exchange is safeguarded against direct attacks on the exchange and user funds.<\/p>\n
Trading Pairs<\/a><\/h4>\nEther Delta is exclusive to Ethereum and ERC20 tokens, so the only trading pairs that exist are those between Ethereum and coins built on its blockchain.<\/p>\n
This makes the exchange a hotspot for coins that have just come out of their ICOs.\u00a0 Any ERC20 token can list its currency on the exchange, so long as they register their token on the platform.<\/p>\n
The most popularly traded currencies<\/a> include Populous, OmiseGo, Veritaseum, and EOS among others.<\/p>\nTrading Fees and Limits<\/a><\/h4>\nYou can deposits, withdraw, and place orders on Ether Delta free of charge.\u00a0 When you execute an order (i.e., buying or selling with someone else’s existing order), you only have to pay a fee of 0.03%.<\/p>\n
This fee is for the exchange specifically, but you also have to pay a fee in gas for each transaction.\u00a0 Gas is a fee that pays the miners for processing each transaction.\u00a0 Users can set their own gas price in the top right drop-down menu under the section “Gas price.”\u00a0 A higher gas price will likely result in a faster transaction, while a lower gas price means a slower one.<\/p>\n
The default gas price is set at 4 gwei for each transaction, which correlates to the following fees:<\/p>\n
Ethere Delta functions like one big smart contract.\u00a0 Smart contracts oversee most of the site’s functions, including wallet integration, deposits, withdrawals, and trade orders.\u00a0 They’re Ether Delta’s distinguishing feature, making it truly decentralized and offering users more control than other mainstream exchanges.<\/p>\n
Upon opening Ether Delta, you’ll notice how compact the entire interface is.\u00a0 The wallet, order book, and price chart are all in the same place, and you don’t even have to create an account to begin trading.<\/p>\n
Instead of opening an account like you would on a legacy exchange, Ether Delta’s smart contracts allow you to manage your funds directly using your own Ethereum wallet account.\u00a0 You can eith It’s important to note that you cannot trade directly from your Ethereum accounts.\u00a0 To use the exchange, you have to transfer funds from your personal wallet to the exchange wallet.\u00a0 In order to do this, hop over to the Balance box on the right side of the page and select Deposit.\u00a0 Any funds that are in your personal wallet will be listed under “Wallet,” while any funds that are in the exchange’s smart contract will be listed under “Ether Delta.”\u00a0 To initiate a transfer, you need to enter the amount of Ethereum or ERC20 token you want to move from you wallet to the exchange and click the blue Deposit button.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n After you’ve done that, a pop-up will give you an Etherscan address to track your transaction.\u00a0 The funds will hit your exchange wallet as soon as miners verify the transaction.\u00a0 This process works the exact same for withdrawals.\u00a0 You just need to click on the Withdrawals section of the Balance Box, enter the amount you’d like to move from Ether Delta into your wallet, and click “Withdraw.”\u00a0 There’s also a transfer option to send exchange or wallet funds directly to a different Ethereum wallet address.<\/p>\n And that’s all there is to it.\u00a0 The transfer process may seem excessive and tedious at first, but its nothing you don’t already have to do with mainstream exchanges.\u00a0 Moreover, it gives you additional control over your funds, as the smart contracts conform to a multitude of wallets and storage options.<\/p>\n Here are some of the options you have for syncing an external Ethereum account with Ether Delta.<\/p>\n This is perhaps the safest and easiest option for managing your private keys with Ether Delta’s smart contracts.<\/p>\n To get started, you just plug in your Ledger Nano S to your computer, unlock it, and open the Ethereum App.\u00a0 Next, you have to enable contract data and turn on browser support.\u00a0 Once you’ve done that, Ether Delta will recognize your Ledger and whatever funds you have will show up in the personal wallet section of the Balance box.\u00a0 Whenever you’re executing a or transferring coins, you’ll just have to confirm the transaction of your Ledger–the Ledger Nano S stores your private keys and account address, so it takes care of the rest.<\/p>\n Your Meta Mask account should be visible from the drop-down in Ether Delta’s top right-hand corner.\u00a0 As with the Ledger Nano S, as long as Meta Mask is unlocked and running, you can manage its funds using Ether Delta’s smart contracts.<\/p>\n You also have the option to import any existing Ethereum account into Ether Delta.\u00a0 To do so, you click the account selection dropbox in the top right-hand corner, select “Import Account,” and provide the account’s address and private key.<\/p>\n Ether Delta also allows you to create a new account using the exchange’s smart contracts.\u00a0 Simply click on “New Account” in the dropbox and it will provide you with a fresh wallet ID and private key.\u00a0 Make sure you record the both of these IDs, especially the private key.\u00a0 If you lose the new account’s private key, you won’t be able to access your funds.<\/p>\n Ether Delta’s decentralized nature, smart contracts, and personal wallet integration make it one of the most secure exchanges out there.<\/p>\n Traditional exchanges require you to set up an account to trade and hold funds.\u00a0 This account is based inside the exchange’s network, and all your funds are held within this account.\u00a0 Passwords, usernames, and (sometimes) multi-factor authentication secures your account.<\/p>\n With Ether Delta, any and all of your accounts used to manage your fund exist outside<\/strong> of the exchange.\u00a0 To allows users to access these accounts, Ether Delta’s smart contracts work together with individual wallet addresses and private keys.<\/p>\n So if you don’t have an address’ private keys, you cannot access that address’s funds, whether they be in the original account or within Ether Delta’s smart contracts.\u00a0 This makes Ether Delta more secure than traditional exchanges, which hold your private keys for you.\u00a0 If anyone gains access to your exchange’s account on say, Bittrex or Binance, this means they can do whatever they wish with your funds.\u00a0 With Ether Delta, they view your wallet address, but without that account’s private key, they can’t touch anything in it.<\/p>\n This is why\u00a0the recent hacking<\/a>\u00a0Ether Delta experienced was not as damaging to the exchange as we’ve seen with past exchanges, like Youbit<\/a>.\u00a0 The hacker didn’t hack into the exchange itself–he only hacked Ether Delta’s domain name, so it was more of a phishing scam than an actual hack.\u00a0 If it had been a typical exchange, the hacker could have hacked into the exchange’s centralized server, accessed its hot wallet, and taken the money and ran.\u00a0 Ether Delta, however, doesn’t have a hot wallet because it doesn’t hold funds for its users.\u00a0 All users hold their own funds within the exchange’s smart contracts, so the only way the hacker could access them was to trick users into revealing their private keys on a fake Ether Delta website he used to replace the real domain.<\/p>\n This phishing attack proved just how stout decentralized exchanges are.\u00a0 Without a centralized source to hold funds, the exchange is safeguarded against direct attacks on the exchange and user funds.<\/p>\n Ether Delta is exclusive to Ethereum and ERC20 tokens, so the only trading pairs that exist are those between Ethereum and coins built on its blockchain.<\/p>\n This makes the exchange a hotspot for coins that have just come out of their ICOs.\u00a0 Any ERC20 token can list its currency on the exchange, so long as they register their token on the platform.<\/p>\n The most popularly traded currencies<\/a> include Populous, OmiseGo, Veritaseum, and EOS among others.<\/p>\n You can deposits, withdraw, and place orders on Ether Delta free of charge.\u00a0 When you execute an order (i.e., buying or selling with someone else’s existing order), you only have to pay a fee of 0.03%.<\/p>\n This fee is for the exchange specifically, but you also have to pay a fee in gas for each transaction.\u00a0 Gas is a fee that pays the miners for processing each transaction.\u00a0 Users can set their own gas price in the top right drop-down menu under the section “Gas price.”\u00a0 A higher gas price will likely result in a faster transaction, while a lower gas price means a slower one.<\/p>\n The default gas price is set at 4 gwei for each transaction, which correlates to the following fees:<\/p>\n<\/a><\/p>\n<\/a>er import a preexisting Ethereum account or create a new one with the exchange.\u00a0 Alternatively, you can also sync a Ledger Nano S or Meta mask account to the exchange.\u00a0 We’ll go over each of these account options in more detail below, but first we’re gonna look at how to begin trading on Ether Delta.\u00a0 To manage your account(s), you click on a drop-down menu in the upper right-hand corner of the exchange.\u00a0 From here, you can import\/integrate wallets and keys and open an account’s Etherscan page.<\/p>\n<\/a><\/p>\n<\/a><\/p>\nLedger Nano S<\/a><\/h4>\n
<\/a><\/p>\nMeta Mask<\/a><\/h4>\n
Meta Mask isn’t as secure as the Ledger Nano S, but its a close second.\u00a0 It’s a DAPP (decentralized application) that runs as a Chrome plug-in, and you can download it for free on Chrome’s web store.\u00a0 Once you’ve got it downloaded, you’ll create a password that allows you to access your Meta Mask address and private key.<\/p>\n<\/h4>\n
Importing or Creating a New Account<\/a><\/h4>\n
<\/a><\/p>\n<\/a><\/p>\nAccount Security<\/a><\/h4>\n
Trading Pairs<\/a><\/h4>\n
Trading Fees and Limits<\/a><\/h4>\n
![\"edhelp\"](\"https:\/\/coincentral.com\/wp-content\/uploads\/2017\/12\/edhelp.png\")
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