6 rules to diminish your risk at exchanges.

in #bitcoin8 years ago
  1. Keep your deposit as small as necessary at all times.
  2. Withdraw your coins instantly to your own wallet.
  3. Decide what you are going to do with the money before you send it to the exchange and set the correct amount.
  4. Don't put your money in echanges for some low return on lending. Set your minimum risk level and withdraw if you receive anything less than you need.
  5. If you're a trader, learn about margin and consider leverage as a tool to keep your deposits small.
  6. Keep calm in discussions about block size when the mempool grows if people follow this advice.