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EtherDelta

2 from 1 vote
Decentralized

Fees

Taker fee

0.3%

Maker fee

0%

Withdrawal fee

0.0007

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


EtherDelta Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of EtherDelta consists of four parts: general information, fees, deposit methods and security.

General Information

EtherDelta is a so called “decentralized exchange”. This decentralized exchange lets you trade Ether and Ethereum-based tokens directly with other users. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.

Decentralized exchanges do not require a third party to store your funds. Instead, you always directly control your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges normally do not require you to give out personal information. This makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges spread out across the globe leading to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

This particular decentralized cryptocurrency exchange does not list US-investors as prohibited from trading, but US-investors should in any event do their own independent assessment of any problems arising from their residency or citizenship.

EtherDelta Fees

EtherDelta Trading fees

This decentralized exchange’s trading fees for takers are 0.30%. This fee is slightly above the industry average. The industry average is arguably around 0.25%.

However, EtherDelta does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong competitive edge in the market and is especially beneficial for the investors not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.

EtherDelta Withdrawal fees

EtherDelta charges a withdrawal fee amounting to 0.0007 ETH when you withdraw ETH. This is a low withdrawal fee.

Deposit Methods

EtherDelta does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at EtherDelta. If you don’t have any crypto but want to start trading at this exchange, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

EtherDelta Security

This exchange’s security score is D+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

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Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. Mercatox
  2. DDEX
  3. Ethermium
  4. Cryptobridge
  5. Counterparty DEX
  6. Bibox
  7. AirSwap.io
  8. Fcoin Exchange
  9. Switcheo Network
EtherDelta compared with other cryptocurrency exchanges