Phishing attack: The Demise Of Ether delta which led to success of a better alternative :IDEX ?

in busy •  7 years ago  (edited)

Etherdelta platform is fraught with slowness, expensive gas price, almost no support and bad user experience. Most worryingly, is the phishing / hacking attack that led to loss of millions of dollars from users without a good explanation and apology from Etherdelta staff see a tweet from @Socal_crypto

: MY WALLET WAS FUCKING CLEANED OUT 2 HOURS AGO I LOST FUCKING EVERYTHING IN MY GODDAMN WALLET AFTER USING @etherdelta TODAY DO NOT FUCKING USE click here for the link

–maybe because they were busy with their new ICO.

The good news, however, is that there is a better alternative: IDEX
Due to the following points:

Very Fast Transactions: unlike Etherdelta , Idex is very fast and you get a feeling like Binance, or GDAX where you can make or take an order by using limit order or just take instantly (Spot) from the order book-leading to very fast transaction with a click unlike ether delta where you will wait for gas or sometimes get stuck in a trade due to no gas (just like a car that ran out of gas ..Lol )

See below video for explanation.

Free Cancels: Have you tried to cancel your orders before on etherdelt however did not succeed because of lack of gas? Idex, for example, has free cancels at no gas fees or waiting time to cancel thus making fast trading /orders changes.

**Good rewards: **Makers that get matched with takers earn some Aurora tokens (Idex current token) which is great because it rewards those that are active on the platform –a win win for all involved.

Free Trades: If you're an active trader, you can purchase DVIP tokens to reduce your trade fees to 0
: > With DVIP you get free trades for a long time, but also up to 2x the AURA rewards forever. So they will always remain useful. Read more about DVIP on their website here .
Good thing for the newly created Ethereum Lyte (the next best thing ) is that they are currently listed there (yesterday) see https://idex.market/eth/elyte …good trading guys and join Elyte active telegram community https://t.co/kAhkvVTPBF where all your questions will be answered..

Click this link and read IDEX User Guides - How to Trade

Now is your turn, do you see IDEX taking out Etherdelta? Send in your comments and would you please upvote and resteem in order to send in your support ? thanks.

Click here and read my former post: Do you adhere to your New Year Resolution or its all Bullshit?

Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 2K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.co/kAhkvVTPBF where all your questions will be answered.

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Great post on idex. I totally agree that Ed is a mess and I lost so much in ED and prefer Idex as an alternative. Good post as always. Upped 100%

Thanks for your comment...Good point indeed

Ok dev..thanks information

what do you like about the information my dear Akbar21?

I will have to have a look at this IDEX malarkey!

Awesome...the link is in this blog inlcuding guidiance on how to use it...do you know that they pay you their tokens if you trade fore example Elyte there ( listed now there)...hiyaaaa to new ways of making money !!!

Someone in one of the Telegram channels I’m in lost half a million US$ today on a fake ED site. Entered his PK and lost everything:

https://etherscan.io/address/0x89e1b6784ef432f0f45dc4299cbf08342cd149b8

Gotta be careful in this environment!

I agree with you...Guess idex is better isnt it?

Yes but still beware of the URL which you are visiting, as any front page or login of a site can be imitated.

Best to use bookmarks rather than google searching and just clicking the top link.

Good point...another point is to check if its https ie before you make a transaction isnt it?

Been looking for a way to purchase some Populous aside from the problematic Ether Delta. Thanks for the tip!

You are welcome my dear one...I wish you success. See Elyte too...

Nice writeup. I'm so paranoid I stay away from certain exchanges that are more of less super mainstream. Good info to know. Thx for sharing

You are welcome...I understand you, there are indeed many phising and scam going on.

True true

welcome

I agree with you, there was a lot of delay in etherdelta transaction. Idex is a good option. Nice article.

Good point, I agree.

glad I never had to use Etherdelta. Hope not many more exchanges are like them. IDEX looks interesting with a token that earns interest. I will have to check it out. Thanks.

Good point, I agree with you. Thanks for your comment

Great Post sir
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Socal_crypto Socal tweeted @ 23 Dec 2017 - 03:36 UTC

MY WALLET WAS FUCKING CLEANED OUT 2 HOURS AGO I LOST FUCKING EVERYTHING IN MY GODDAMN WALLET AFTER USING… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

well cited bot!!! anyway, you are just a bot.

Thanks for sharing

thanks for sharing what? did you read the post?