How to Trade in EtherDelta - Step by Step Illustration

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@ka82·
0.000 HBD
How to Trade in EtherDelta - Step by Step Illustration
I believe EtherDelta is one of the very early working decentralized/distributed exchanges (based on ETH). As a result there are some difference compared to centralized exchanges such as Bittrex that causes some confusions for first users.

Below you can find a step-by-step instruction on how to use EtherDelta:

**Step 1**:

In the main page (**https://etherdelta.github.io**) click the drop-down **EtherDelta (Private Key)** on the upper right corner and click on **"New Account"**:

![](https://steemitimages.com/DQmXLNnCtq3ccZwZgQAXA885WNFBRkbQiSX1Qz3ngdVriQM/image.png)


This will pop up a window similar to the one below. Before click "OK" make sure you save your private key in a secure way in case of losing access to EtherDelta:

**NOTE**: I would copy/paste both public & private key from this window and save in a spreadsheet, since in EtherDelta you will not be able to easily highlight the public key later on to deposit Ether).

![](https://steemitimages.com/DQmbTFGwowvEhZhEDb3X7yfMtvYXEDS7xiSk71wFvfEi55L/image.png)


**Step 2**:

Use your EtherDelta Pub. Key  (Ethereum account above) to transfer your ETH from external wallet into your EtherDelta wallet.



**Step 3**:

Select the appropriate crypto from the drop-down menu shown below (the crypto that you want to trade):

![](https://steemitimages.com/DQmZzs5rQDkR7F5ZzpPm2x3q6fDHxogpczW9rq5UbEp88gh/image.png)



**Step 4**:


In EtherDelta there are 2 types of wallet. One is your personal wallet and the other is EtherDelta Wallet or Smart Contract, as shown below as **Wallet** & **EtherDelta** respectively:

![](https://steemitimages.com/DQmW2WSp8GN3PHwNUR4GvFFU5Yh9gpMwZjjaGLkv29K7wvq/image.png)


You need to deposit your Ethereum from Personal Wallet to the EtherDelta wallet using the **Deposit** button:

![](https://steemitimages.com/DQmXJnPxTbk6YSPiVQJd2zuch86khFi9SbKAUwXqWNaRt92/image.png)


**Step 5**:

If you also can't see the "BUY" or "SELL" button at the bottom of the screen you can simply click on the red orders in the **ORDER BOOK** to Buy or green orders to Sell (depending on ETH|Crypto exchange rate you want to trade in) or click on PPT field and tab it down to the "Buy" button at the bottomw:

![](https://steemitimages.com/DQmSJ8zF9pcKGkHT4Uset7MZf85Vu55Wd4yfYqoGys2LNvL/image.png)

![](https://steemitimages.com/DQmW5VLYVpLfmX86aXBKcx4a9FaxY9e6fMJTH9vgj6HEgtw/image.png)


If you selected a correct amount that also covers the exchange fee you should see the following message and the "Pending" order in **"My Transaction"** window:

![](https://steemitimages.com/DQmRNYFvoqCzz5PPWcWuxaVGPcaF3UeayAStFd9SWG5T6L8/image.png)

![](https://steemitimages.com/DQmRAhHV8bt5wS2FfEmyRJX5dGDTQnadq8oeJp39N5569aA/image.png)


After you place an order you should be able to see your order in the "Order" tab in the "My Transactions" section:



![](https://steemitimages.com/DQmP15fLpYpy2EQxurMqdJTpmLRpf2gSd8W1dXb6xV17Xiu/image.png)


**Step 6**:


To move your "new bought" crypto to your "Wallet" in EtherDelta use the **"Withdraw"** button and specify the amount you want to transfer.

![](https://steemitimages.com/DQmVFBtDAnLfcuE8mSZqMNuQYcrhnfMxHa965pSwpxstrxf/image.png)


**Step 7**:


Finally to move out your funds to an external wallet you need to first withdraw your funds to your wallet first (as described in step 6) and then use **Transfer** tab to transfer your funds to another wallet:


![](https://steemitimages.com/DQmdxPZSwGYLBBsuEZtsC4k3uCPePiQgwjgMdYGt5gLyGd9/image.png)
👍 , , , , , , , , , , , , ,