Exploring Ether Delta: Is it a Trustworthy Cryptocurrency Trading Platform?

Experienced traders praise Bitcoin Ether Delta, but newcomers should proceed with caution. Before engaging in any transactions, it's essential to evaluate whether Ether Delta is a legitimate platform.

Is Ether Delta a Reliable Platform for Crypto Trading? Let's Investigate!

Reviewing Ether Delta: Is it Trustworthy for Cryptocurrency Trading?

1. Trading Accounts

- Account Type: Standard
- Sender's Fee: 0.3%
- Receiver's Fee: Free
- Deposit Fee: Free (Blockchain Only)

Ether Delta operates as a decentralized cryptocurrency exchange, primarily facilitating transactions related to Ethereum. Essentially, it serves as an ERC-20 token market enabling users to trade most tokens with ETH, based on the network. However, it's not user-friendly for beginners.

2. Advantages of Ether Delta

- Decentralization: Ether Delta operates without centralized servers, making it vulnerable to hackers. User errors can result in significant financial losses, especially given the complexity of this exchange platform.

Is Ether Delta a Scam?

- Extensive Token Selection: Almost all Ethereum (ERC-20) tokens are tradable on Ether Delta. If you've participated in ICOs (such as trade.io one), this might be the first place where new tokens are available. However, the trading volume and liquidity are relatively low.

- Positive User Ratings: User reviews of Ether Delta are generally positive, mainly from experienced cryptocurrency traders who understand what they're doing. The exchange is not beginner-friendly.

3. Limitations of Ether Delta

According to user and expert evaluations of Ether Delta, the exchange still has some limitations such as:

- Potential for Errors: The main issue is that Ether Delta isn't particularly user-friendly. On some forums, users mention missing orders and significant losses in specific trades.

- Non-Instant Transactions: This is a common issue with all decentralized exchanges because of their nature. Centralized servers simply swap hats in a database without blockchain conversion. At Ether Delta, all transactions occur with the assistance of smart contracts. Users must be patient when trading on this exchange.

- ETH-only Trading: The process of trading all available token types only applies to ETH. Additionally, supported ERC-20 tokens don't include Bitcoin, Litecoin, USDT, or any other assets besides ETH.

- Dependency on Ethereum Network: Clearly, this is the exchange's weakness. In case of severe backlog issues on the Ethereum network, transactions on Ether Delta also become sluggish.

- Non-competitive Trading Fees: Market makers (liquidity providers) don't incur trading fees on Ether Delta. Sellers (those who lose liquidity when selecting orders) pay a 0.30% transaction fee. The trading fee on Ether Delta is higher compared to other exchanges with a 0.25% trading fee.

- Low Liquidity: As mentioned above, some tokens have low liquidity. This isn't a fault of Ether Delta but simply a part of the volatile market.

Drawbacks of Ether Delta

- No Trading Leverage: The complex system provided by Ether Delta doesn't execute margin trades. This is also a significant weakness of the exchange. If you want to heavily speculate on Bitcoin or Ethereum, some forex brokers may meet your needs.

Brokers can be centralized companies, through which you can trade cryptocurrencies via CFDs (Contract for Difference). These are financial instruments that don't grant you ownership of any particular coin - you can only profit or lose money as prices fluctuate.

- Non-Intuitive Trading Platform: The web-based platform provided by Ether Delta has a somewhat cluttered interface. Charting package is basic. Token selection is within a single frame, with no search functionality. Overall, the trading platform is not intuitive and user-friendly.

Ether Delta's safety isn't for all users. This decentralized platform allows token enthusiasts to trade ETH for most ERC-20 assets. Experienced traders highly regard the platform, but beginners should steer clear. Many users have mistakenly bought/sold tokens at unreasonable prices on Ether Delta Reddit quite frequently.

Not to mention the risk level in trades. As mentioned above, some forex brokers offer CFDs (Contract for Difference) on digital assets, but not all brokers are trustworthy, so check the list of closely regulated entities.

To participate in Bitcoin exchanges, players need to know how to earn Bitcoin most efficiently. If there's a stable way to earn Bitcoin, engaging in trading platforms will become more favorable.

Here's an overview table of the pros and cons of Ether Delta exchange:

4. Other cryptocurrency exchanges 

- Cryptopia Exchange
- GDAX Exchange
- YoBit Exchange

Above, Mytour has provided you with some reviews of Ether Delta exchange, whether it's a scam or not. If you're new, it's best not to trade on Ether Delta to avoid potential losses. You can explore other reputable exchanges such as C CEX exchange - a bitcoin and altcoin trading platform, wallet service, Bitcoin, Altcoin trading, and wallet services with established credibility.

For beginners, you can refer to the free Bitcoin lists shared by Mytour. With these free Bitcoin lists, you won't have to do too much work or incur many costs, but if you're ambitious, don't put too much trust in these websites. Or if you're looking to review the Alpari exchange, don't miss this article by Mytour.

Read more: Alpari exchange review