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MARY
4 Level
581 Review
286.75 Karma

Review on EtherDelta (ForkDelta) by SERDAR SEYLİYEV

Revainrating 4 out of 5

Since the executive team of the exchange could not clarify the cyber attack incident they have experienced in the past, it may have fallen out of favor with some users.

This stock market, which has a bad history based on the past, is a decentralized system. As it is known by the name of EtherDelta, it works based on ethereum. I was using this exchange 6 months ago. However, I have stopped using it for now. Now I want to talk a little bit about the features of the stock market that I think are positive and negative.
When I entered the website of the exchange, it was very impressive that the instant values ​​of most of the crypto coins on their very impressive designs were shared. When I registered on the exchange, my registration was approved in 10 minutes. I think this time frame is too much for just recording.
When trading on the stock exchange, transactions are completed very quickly. Transaction fees are very low. I think the feature that makes it different from other exchanges is low fees. However, the transaction fee for trading with ethereum-based cryptos among the cryptos available on the exchange can be a bit expensive for some users.
In addition, one of its different features is that we can connect our wallet directly to the exchange to prevent users from wasting time.
When it comes to security, I think other features may not be important sometimes. I mean, the stock market was hacked in the first year of its launch. Some users are worried about using the exchange as there is no guarantee that this attack will not happen again. How could this stock market with so many professional executives be hacked? I could not clarify this situation at all.
In addition, when we encounter problems related to the stock market, customer service solves our problems instantly. I would like to congratulate the customer service for this situation.
Finally, many token types are listed on the EtherDelta exchange, but for some, the liquidity is low. I think that solving this situation will increase the number of users.



Pros
  • 24/7 support team.
  • All tokens linked to Ethereum are available.
  • Some transactions are free, others have very low transaction fees.
  • It has a simple interface that is easy to use.
  • We can easily connect our wallet.
  • The withdrawal process is very fast.
Cons
  • The user lost his trust due to a cyber attack in the past.
  • still does not seem very popular
  • Signing up takes time.