Introduction

EtherFlyer.com is a new cryptocurrency exchange that has been getting a lot of attention lately. But is it legit or a scam? In this EtherFlyer review, we will take a look at the company, its services, and what others are saying about it to try and get to the bottom of this question. EtherFlyer is a centralized cryptocurrency exchange based in China. The company was founded in 2017 and currently offers trading in over 50 different cryptocurrencies. EtherFlyer is one of the few exchanges that still offer trading in Chinese Yuan (CNY). So far, there has been no major news about EtherFlyer being a scam. However, the company is fairly new and does not have a long track record yet. If you are considering using EtherFlyer, be sure to do your own research and only invest what you can afford to lose.

What is EtherFlyer?

EtherFlyer is a decentralized exchange (DEX) that allows for the trading of Ethereum-based tokens. The platform is built on the Ethereum blockchain and utilizes smart contracts to facilitate transactions. EtherFlyer does not charge any transaction fees, making it a popular choice among cryptocurrency traders. The platform also offers a mobile app for iOS and Android devices.

How Does EtherFlyer Work?

EtherFlyer is a decentralized exchange that uses smart contracts to facilitate trades. It is built on the Ethereum blockchain and utilizes ERC20 tokens. EtherFlyer does not require KYC or AML, and there are no fees for trading.

To trade on EtherFlyer, you will need to create an account and deposit funds into your account. Once you have deposited funds, you can then place orders to buy or sell tokens. EtherFlyer will match you with another user who has placed a matching order, and the trade will be executed automatically. Your funds will then be credited to your account, and you can withdraw them at any time.

EtherFlyer is a convenient way to tradeTokens without having to go through a centralized exchange. It is also more secure than traditional exchanges, as it uses smart contracts that cannot be hacked or manipulated. EtherFlyer is a great choice for those looking for a safe and easy way to trade ERC20 tokens.

Is EtherFlyer Legit or a Scam?

When it comes to online cryptocurrency exchanges, there is always the potential for fraud and scams. So, is EtherFlyer a legitimate exchange, or is it a scam?

EtherFlyer is a decentralized exchange that allows for the trading of Ethereum-based tokens. The exchange is built on the Ethereum blockchain, which makes it more secure and transparent than many centralized exchanges. Additionally, EtherFlyer has implemented a number of security measures, such as 2-factor authentication and cold storage for user funds.

Overall, it seems that EtherFlyer is a legitimate exchange with strong security measures in place. However, as with any online exchange, it’s important to take precautions when trading cryptocurrencies. Be sure to only trade with trusted counterparties, and never leave your coins on an exchange for an extended period of time.

EtherFlyer Alternatives

If you’re looking for alternatives to EtherFlyer.com, there are a few other options available to you. One popular option is Coinbase, which allows you to buy and sell Bitcoin, Ethereum, and Litecoin. Another option is Binance, which offers trading in a wide variety of digital assets including Bitcoin, Ethereum, Litecoin, and more.

Conclusion

EtherFlyer.com has been around for a while and seems to be a legitimate way to trade cryptocurrencies. However, there are some complaints about the site that you should be aware of before using it. Overall, EtherFlyer.com is a decent option for trading cryptocurrencies, but make sure you do your own research to ensure that it’s the right choice for you.