Review on EtherDelta (ForkDelta) by Aman Arora
Etherdelta is a good option gor low fees swapping
Cryptocurrency trading has achieved exceptional respibse from users globally and to make things more transparenr lot of improvements and features have been introduced and latest one of rhat is decentralization of crypto trading. Etherdelta needs no introduction as it one of the first platforms which introduces dex platform for trading.
Etherdelta primarily used with DAI and ether trading vatiables. Quite easy to use interface with Imported wallet feature. You can create wallet instantly and copy the private key for future. Use or can simply Import your ether wallet for easy swapping of Coins. You can easily swap your assets with Etherdelta in any available coins. Etherdelta platform offers coins that dont lack liquidation which is best feature a trader look while swapping coins at DEX platform
Best feature I liked about Decentralized platforms is the you dont need to send your assets to the exchange for trading and this feature alone is good enough for trading Dex. You dont fees for deposits and withdrawls of Coins and it is safe to trade as wallet security is always under your control.
Etherdelta charges 0.30% of the total amount as fees and this is high as there are usually low Dex charging platforms but Ether Delta is quite reliable and offer multiple pairs as comparison to other DEX platforms. Beside swapping Etherdelta dont charge any other fees
Pros
- Etherdelta provides lot of variables to trade with easy to import wallet
- Low fees makes Etherdelta good choice over other Dex platforms
Cons
- No drawbacks of using Etherdelta as mostly Dex platforms are more transparent and easy to use
