ForkDelta — one of the new decentralized cryptocurrency exchanges on the Ethereum blockchain, offering many ERC20 tokens. A feature of this platform - it’s an exact copy of the EtherDelta exchange. Here you can trade cryptocurrency without a need to transfer funds to a single center.
Contents:
How does ForkDelta work?
All transactions are carried out by using the smart contacts here. The amount of daily turnover reaches $1,450,000 USD. Thanks to the Ethereum platform, the exchange is decentralized and doesn’t hold funds in a single vault. This is the main advantage of this cryptotrading platform. Demand for such platforms has grown significantly after several players were hacked by hackers.
To start working on the platform, you need:
- Create a separate wallet (MEW, Metamask or another).
- Connect the wallet to the exchange, using the key.
After these steps, you can begin to use the exchange services. Unlike popular crypto exchanges, you don’t use the service wallets, but your wallet. This increases the safety of trade. The developers provide a White Paper, as well as the “FAQ” section, so you can study the necessary information at any time. There is also a Road Map, where you can find all system updates.
Advantages and disadvantages of a dapp application
Currently, the platform provides an updated open source interface for the EtherDelta smart contract with an active and publicly available development team.
| Advantages | Disadvantages |
| a large number of different tokens | not very convenient interface |
| an open source platform view | trading only ERC20 tokens |
| no fees for deposit and withdrawal | lack of a Russian version |
Safety while using the exchange, first of all, depends on the user’s caution. This platform allows you to bind a hardware wallet directly. It makes working with it safer than Bitfinex or Binance using. In addition, this project is a fully open source. If you already have an account with EtherDelta, funds on wallets will be reflected in this exchange as well.
The ForkDelta exchange interface looks identical to EtherDelta, but the latter isn’t a user-friendly enough. For example, the choice of the token is carried out in one drop-down list, that doesn’t have a search ability. To keep abreast of all the latest news, subscribe to social networks: telegram, facebook and twitter.