How is EtherDelta different from other trading platforms.

[troll]

    Other trading platforms are centralized. They have gigantic centralized wallets where they hold all your funds. So your funds can (and probably will, as history shows with MtGox, Bitfinex, Cryptsy, etc.) get stolen or lost.
    But EtherDelta is different. EtherDelta is decentralized. When you “deposit” to EtherDelta, you’re sending funds to a smart contract. They’re stored in that smart contract in such a way that you and only you control those funds (and whether you want to trade or withdraw).
    This actually explains most of the subtle user experience differences that people complain about. Generally, when you find yourself saying “other trading platforms have better user experience, EtherDelta is the worst!,” there’s a reason for that. And the reason involves design decisions EtherDelta was forced to make in order to be decentralized. But the benefit is huge. You don’t have to trust anyone with your funds when you use this trading platform.

[Adexbafo]

Thanks for this lovely explanation, really enlighten me

[dragononcrypto]

In two words: It's horrific

[Paulomits]

You can also trade any coin that has not been officially listed on the site (or in other exchanges) by usiing the token's contract address.

[Paulomits]

In two words: It's horrific

I felt the same way at first. You'll get used to it when you play around it for a while

[dragononcrypto]

I felt the same way at first. You'll get used to it when you play around it for a while

Yeh I can see it being easier after you've experienced it the first time. Trying to use it when the eth network of backed up and requires 40+ gas is annoying though! I don't like the way it can take half an hour and cost you $1 just to modify a buy/sell order. I'm still waiting on P2P markets, until then, give me a centralized exchange anyday...

[Daedalus]

Very different, we can set custom gas fee and no middle man and third party to make a trade. So full control is yours