In the cryptocurrency world, the EtherDelta trading platform is getting a lot of attention. As a decentralized Ethereum trading platform, it is unique in that users can directly interact with smart contracts to enable secure cryptocurrency transactions. This article will deeply explore the characteristics and advantages of the EtherDelta trading platform, and also introduce the EtherDelta usage tutorial in detail, allowing you to easily control this platform.

 Features and advantages of EtherDelta trading platform

As a decentralized trading platform, EtherDelta has many unique features and advantages. First of all, EtherDelta does not store user funds, and all transactions are conducted on the Ethereum blockchain, ensuring the security and transparency of transactions. Secondly, EtherDelta supports the trading of various ERC-20 tokens, and users can find various popular cryptocurrency projects on the platform. In addition, EtherDelta’s relatively low transaction fees attract a large number of traders to trade on the platform.

For traders, EtherDelta provides rich trading options and flexible trading methods. Users can quickly place and cancel orders on the platform to achieve an efficient trading experience. In addition, EtherDelta’s trading interface is simple and clear, so even novices can quickly get started and perform trading operations.

 Detailed explanation of EtherDelta usage tutorial

1. Create wallet and unlock

Before using EtherDelta, you first need to create an Ethereum wallet and unlock it in order to trade on the platform. You can choose to use an online wallet such as MetaMask, or install wallet software locally to ensure that there are enough ether coins in the wallet to pay for gas fees.

2. Connect wallet to EtherDelta

Enter the EtherDelta official website, select "Connect to MetaMask" or "Connect to Wallet" in the upper right corner, and then confirm the connection. In this way, your wallet is successfully connected to the EtherDelta platform and you can start trading.

3. Deposit Ethereum to EtherDelta

Find the "Deposit" option on the EtherDelta interface, select the amount of Ethereum you want to deposit, and confirm the transaction. After waiting for blockchain confirmation, your Ether will appear on your EtherDelta account.

4. Place an order

On EtherDelta's trading interface, select the token pair you want to trade and set the transaction price, quantity and other information. After confirmation, click "Buy" or "Sell" to place the order and wait for the transaction to be completed.

5. Withdraw Funds

When you complete a transaction, you can choose to withdraw funds to your wallet. Find the "Withdraw" option on the EtherDelta interface, enter the withdrawal amount and address, and confirm the withdrawal.

Through the above usage tutorial, you can easily conduct cryptocurrency transactions on the EtherDelta platform and enjoy an efficient and safe trading experience.

 Conclusion

In today's highly competitive cryptocurrency market, it is crucial to choose a safe and reliable trading platform. As a decentralized trading platform, EtherDelta provides users with rich trading options and flexible trading methods. Through the introduction of this article, I believe you have a deeper understanding of the characteristics and usage of EtherDelta. I hope you can have a pleasant trading journey on EtherDelta!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

EtherDelta is a trading system based on Ethereum's smart contracts. As long as you open a webpage with a Chrome browser, you can invest in various Ethereum assets globally without any barriers and safely. Reminder: When it comes to account security, do not trust URL links sent by others.

Etherdelta official website: 

How to use etherdelta? Tutorial on how to use etherdelta

Create Wallet

First you must download and install the Chrome browser. Other browsers will also support it in the future. After opening the homepage, we first switch the language to Chinese, as shown below:

There are two ways to open an account:

Create a new account: refers to creating a new wallet account in the German trading system.

Importing an account: refers to importing an existing wallet account into the Yide system through the private key.

If the metamask wallet plug-in is installed, you can directly use the wallet account in metamask to perform subsequent operations (no need to import the private key).

Note: Accounts without private keys cannot be used.

This tutorial takes creating a new account as an example to explain the subsequent operation tutorials. After clicking to create a new account, the address and private key of the new wallet account will be generated. The private key must be backed up! The private key must be backed up! The private key must be backed up! Whether the account is intended for one-time use or long-term use, be sure to Make a habit of backing up:

How to recharge etherdelta platform account?

After the account is created, there is no balance. If we want to use ETH to purchase other tokens, we must first transfer ETH
Transfer to a new account, click "etherscan", click "QR code", use other wallets to scan the QR code, and transfer coins to the new account.

After refreshing the page, the transferred ETH will be displayed in the new account. It is recommended that friends who are not familiar with the operation try it with a small amount first! It is recommended that friends who are not familiar with the operation try it with a small amount first! It is recommended that friends who are not familiar with the operation try it with a small amount first!

There are three very important steps here, which must be understood clearly:

Recharge: refers to transferring the funds in the new account to the smart contract of etherdelta. Transactions can only be performed after recharging.

Withdrawal: refers to transferring the remaining funds in the etherdelta smart contract to a new account.

Transfer: refers to transferring funds from a new account to other wallets.

What is shown here is that there are 0.1 ETH in the new account and no funds in the etherdelta smart contract:

We recharge 0.08 ETH from the new account to the etherdelta smart contract for transaction. The recharge is completed and the funds have changed, as shown below:

trade

Select the currency you want to buy and start buying. There are two ways to buy:

New order: Enter the quantity and price you want to purchase, and create a new order.

Select the counterparty to buy: You can select the order you accept to buy in the sell order.

After the new order is successfully created, it can be seen in the "Order Book"

Withdraw coins

After the order is completed, you can see the transaction record in "My Transactions". The successfully purchased tokens are in the etherdelta smart contract. We need to withdraw them before they can be transferred to our own new account.

Notes on withdrawal: Withdraw all. If no other transactions are performed, all tokens (including ETH) in the etherdelta smart contract will be withdrawn to our new account.

Transaction records can be viewed on Ethereum’s blockchain explorer.

At this time, the tokens we purchased and the remaining ETH are in the new account we created. If this new account is only intended to be used for this transaction, we can "transfer" all the funds in it to our other commonly used wallets.

If you plan to keep this new account, you can import its private key into other wallets (such as imtoken, mew, metamask, etc.)

When "transferring" tokens, transfer other currencies first, and finally transfer ETH, because the mining fee is charged in ETH.

Currently, the Gas limit of EtherDelta is fixed at 250,000. What we can set ourselves is the gas price. At this time, we set it to 10 gwei.

Calculation method:

1 gwei = 0.000000001 ETH

10 gwei = 0.00000001 ETH

Gas limit = 250000

0.00000001  250000 = 0.0025 ETH

The withdrawable ETH is: 0.019 – 0.0025 = 0.0165

After the transfer is completed, we can see the detailed information of this transaction on the chain, and we will find that the actual miner fee is different from what we calculated. That is because of the gas
The limit is set to 250000, which is the highest value, but the actual value is 21000. This results in our new account still having an ETH balance:

We can continue to lower the gas price (minimum is 4gwei) and transfer the balance again, but due to Gas
Limit is the upper limit of fuel. Generally, it is impossible to use it up. If it is used up, the transaction will fail. So there will always be endless fuel left in this wallet, but it will be very little.

Precautions

1. For currency friends who are not familiar with the operation, we recommend that you try it with a small amount of money first.

2. The trading operation with Germany is slightly complicated. It is recommended not to use the private key of a commonly used wallet (or a wallet with a relatively large amount of funds) to import the private key for transactions. It is recommended to create a new account or use a metamask wallet account. To avoid accidents during the process of importing the private key.

3. The web page may be stuck during the operation. It is recommended not to operate too fast. Wait for the page refresh to complete before proceeding to the next step to avoid repeated operations (repeated orders or repeated transfers, etc.).