Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: troll on November 25, 2017, 03:59:51 PM
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Etherdelta is a peer-to-peer decentralized trading platform for Ethereum ERC20 tokens. What does this mean? This means that Etherdeleta merely facilitates trades by providing an order book and an easy interface for the trading smart contract. All trades are executed directly with the counterparty through a smart contract which means that all trades are irreversible and Etherdelta has no control and never touches your ETH and token balances. This also means that there are no Etherdelta accounts. The trading smart contract merely uses the private keys you provide to access your Ethereum wallet in order to execute trades. Etherdelta exchange and staff have NO ACCESS to your wallet or funds. YOU are responsible for the trades you make and YOU are responsible for the security of your wallet. Beware of phising and look-a-like sites. These sites are designed to steal your private keys. Etherdelta cannot be responsible for funds lost to phishing sites.