It's been a while I came across such a descriptive post here on the forum, nice work and very understandable steps which would be very useful to all enthusiasts.
I have also dropped you s merit for effort and relevance. I would surely be applying this steps next time I visit an exchange.
Thanks your appreciation matters to me and encouraged me to update once again this list. Here are the changes I have made today:
- Add 2FA authentication to your account and any other available security measures, such as the anti-phishing password for email, pin, additional security questions.
- Before logging in, double-check the URL of the site and bookmark it.
- Always check everything three times, especially the current information page (if available), which currently coins or tokens should be avoided, maintenance is carried out or there are any other problems, for example with synchronization, addresses, fees, times, etc.
- During the transaction itself (purchase/sale or deposit), use the triple check rule to check amounts, addresses, etc.
- Never deposit everything in one transaction.
- Send a small amount first and check if everything works (transfer, trade, withdrawal, confirmation).
- Continue depositing smaller amounts (smaller amounts mean less headache if something goes wrong).
- Withdraw each time before the next deposit, if possible.
- Never leave your coins or tokens on the exchange because it is not intended for that.
- Always remember that the exchange is not a wallet and is not secure.
- Never use exchange addresses for payments for bounty or for air-drops.
- Before each use of the exchange check its pages on social networks, in particular on Twitter, Facebook and see new complaints about coins or tokens.
- Be careful about the security of 2FA itself, keep the backup codes for each 2FA secured exchange (use Authy as 2FA due to the possibility of backups).
- TOTP for 2FA (you scan a QR code by Authy or a similar program which is implementing TOTP according to the specification in RFC 6238) it is a much better solution than authentication by means of incoming codes via SMS because it is not difficult to take over a phone number.
- Do not send scans of documents to an unknown stock exchange immediately after registration, usually, it is not necessary to trade only with cryptocurrencies.
- Diversification is very important. Trade on a few exchanges if possible because trading on one is associated with the risk of losing all capital.
- When selecting an exchange, you can use the Blockchain Transparency Institute as a guide. The list includes exchanges with suspicious trading and money laundering activities.
- Register on several exchanges, so you have plenty of options available. Do not wait for the crypto mania to run before attempting your registration. Sometimes you can not have an opportunity at all.
- While contacting customer service, try to wait at least the minimum response time, often inform about the minimum time to reply (do not create many queries).
- Try to get help on the official social media websites of a given exchange (sometimes it works great, sometimes not).
- Use various contact options such as chat, phone, WhatsApp or Skype if available.
- Be polite, do not lose your patience, provide all the documents they ask for (even if you have to send the same document several times).
- Do not give up when they say "no", be persistent (if you are right) and start from the beginning. Sometimes another agent will help you (they are just people and often make mistakes).
I hope You like it even better now
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Additionally, I see that @wwzsocki the author of the main version has published lately this post in polish language
https://bitcointalk.org/index.php?topic=5119320.0 and I updated a few added changes.
