What is a Fork Delta? Instructions for registering and using the Fork Delta floor

By Le Anh | Exchanges

What is Fork Delta

In today's article, I will introduce you to a decentralized exchange - Decentralized Exchange (DEX). That's the Fork Delta floor.

Fork Delta is a Decentralized Exchange (DEX) specializing in supporting ERC20 tokens based on the Ethereum blockchain.

Was launched in 2017, when the movement ICO A strong development, most of the ICO tokens are listed on this exchange.

Besides, this is also a place where anyone can access directly on personal wallets and allow the list of tokens without fees.

Security on the Fork Delta floor

All transactions of receipt, purchase and sale of tokens at the Fork Delta exchange must be logged into the Ethereum private key (Private Key).

Because it is a peer-to-peer exchange, most security technologies for users are not yet supported and although the floor has notices not saving Private Key information on the web.

To ensure asset security in the wallet. You can apply in the following ways:

How 1: Use two or more Ethereum wallet accounts for token trading on the exchange.

That is, you only use the secondary wallet account when actually buying or selling on this exchange. Once done, transfer the entire coin and token to another wallet.

Absolutely, you should not use only one trading wallet at Fork Delta and personal storage wallets.

How 2: Use Metamask

With the advantage of not having to enter the Private Key, you can feel secure when using it. Moreover, Fork Delta supports synchronization and compatibility for brothers to log in via Metamask.

Review the Fork Delta floor

Advantages
  • The exchange supports a variety of ERC20 tokens: They are constantly being updated and listed on this exchange.
  • Easy access and use: With just an Ethereum or MetaMask wallet, Ledger can log in to the exchange immediately.
  • Simple trading platform: Fork Delta is designed to be simple and convenient for individuals to easily trade.
Defect
  • The exchange only supports standardized tokens on the blockchain platform Ethereum. Also does not support coins or tokens in other networks.
  • User security: Because it is a decentralized exchange, users use it by logging in through the private wallet key. Requires users to have a certain understanding of how to use a personal wallet. Permanent risk facing if duplicated personal wallet lock.
  • The liquidity in Fork Delta is quite weak, the trading volume is low. Part of the ICO projects has not really attracted many people to invest and trade on the floor. Besides, the decline and plunge of the coin market plus many projects are not really good, so it is difficult to attract more investors.

Instructions for using Fork Delta floor

Registering Fork Delta floor

To use Fork Delta, you need to prepare: an Ethereum address and a Private Key or a Metamask wallet or cold wallet. Ledger Nano.

You access the link: https://forkdelta.app/.

After that, selecting "Select account" can choose one of the following login forms:

  • Create a new account. If you haven't yet MEW wallet It is possible to use this feature to set up an Ethereum wallet address.
  • Login account: Brothers paste the Private Key information for MEW. The process will complete in seconds connecting you can trade immediately.
  • Connect via Ledger Nano S.

In this article, I will show you how to log in via Metamask:

Set up Metamask for Chrome browser or Coc Coc. Delta Fork floor will automatically connect and synchronize.

Metamask connection appears >> Enter the password of the Meta wallet login >> Log in >> Select "Connect" in Figure 1. Complete synchronization and connection as shown in Figure 2.

Trading Token on Fork Delta

How to sell tokens on the Fork Delta:

You need to ensure a little bit of ETH in the Metamask wallet to make transaction fees at the exchange. If not, you should move in.

Step 1: Find the right token to sell.

Step 2: Select Token. I will choose "Tomocoin" because I have this in my wallet.

Step 3: Enter the number of tokens to deposit into the wallet in the "Amount" field, then select "Deposit".

In addition, you need to top up ETH from the floor account to trade tokens offline!

Step 4: After the Tomocoin token is transferred to the wallet. There are two methods to sell tokens you need to note:

Make direct sale on the Order book: Spot price and best current at the mark.

Enter the amount to be sold in the "Amount to sell" → "Sell" → Done.

Make pending orders:

Item “New Order” → select “Sell” → (1) Enter the quantity to be sold → (2) Price to sell → click “Sell” → Done.

How to buy tokens on the Fork Delta

Please note, have ETH ready to transfer to the wallet to be able to buy tokens. As follows:

Step 1: Select "Deposit on the Balance toolbar.

Step 2: Enter the number of ETC to load on the floor.

Step 3: Click "Deposit"

Step 4: Select Token to buy → I want to buy Token "DAI".

There are two forms of purchase:

Firstly, buy the best spot price and the market:

Choose sell order as shown.

Enter the number of DAI to buy → Click "Buy" → Done.

Second, buy order price with New Order:

Select “Buy” → (1) select the amount of Dai to buy → (2) set the desired purchase price → Click “Buy” → Done.

Frequently asked questions when using Fork Delta

Does Fork Delta platform support credit card transactions?

Is not!

Because this is a decentralized exchange dedicated to ERC20 tokens on the ETH blockchain, individuals transact directly on wallets with wallets.

The exchange only supports ETH / token trading pairs.

Where is the problem related, where to contact?

You can actively contact the floor when having problems through channels such as:

Which coins are supported and loaded by the exchange?

ETH and ERC20 standardized tokens on the Ethereum network.

Should you trade on the Fork Delta platform?

Personally, I think "should not" if really needed should be limited.

Because the trading volume and liquidity are very low. Moreover, there are many junk ICO projects on the floor, which is really dangerous for you to invest and trade at Fork Delta.

Is the Delta Fork platform safe or reliable?

Yes.

Delta Fork Exchange has been in operation and operation since 2017, bringing huge and significant benefits for ICO projects and investors can participate in trading quickly and without procedures. prolix.

Since this is a wallet transaction with an ETH wallet, you need to pay attention to the security of the private key as I mentioned above, to avoid the gaze of hackers.

What is the deposit / withdrawal fee on the Fork Delta floor?

The exchange will charge Gas for charging and withdrawing money from the wallet to the wallet. As follows:

  • Deposit fee: ETH 0.0003 ETH, token 0.0001ETH
  • Withdrawal fee: ETH 0.0001 ETH, token 0.0002 ETH

Details on fees on the floor are listed and fully recorded: https://www.reddit.com/r/EtherDelta/comments/6hrvwl/how_fees_work/

Has the Delta Fork platform been hacked yet?

Not yet

So far, no hacking incidents have been recorded. But some users have reported losing tokens and ETH in their personal wallets, mostly due to subjective errors as well as user inadvertence in security.

Is the Delta Fork floor or maintenance error?

Flooring works very well, very rarely this phenomenon occurs. Floor always has full contact channels for you to actively contact if problems and errors arise.

What is the Fork Delta exchange coin?

Currently, the floor has not issued coin floor, when will I update it for you?

Does Fork Delta platform support Vietnam?

Currently, the floor has not launched an application to support Vietnamese brothers. If there is a problem, you should use English to receive the best support!

Does Delta Fork platform have iOS or Android App?

Currently the floor has not provided the App calculator!

Flooring mainly works on the WEB, brothers hard to login and use the floor on the WEB.

What transactions does the Fork Fork Delta support?

Currently, the exchange only supports ETH / ERC20 trading pairs.

Does the Delta Fork floor have an IEO?

Currently the floor does not provide this feature. While there IEO then I will update and add more information to you.

Epilogue

I hope the above information will be very helpful and will help a little for those who want to participate in trading at the Fork Delta.

Don't forget to visit our channel for the latest news and the latest developments in the coin market and industry insights!

Hello and see you again in the next article!

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