Always use protection before CEX. Things you should do to navigate centralized exchanges.

Here’s a couple of things cryptocurrency users should do when dealing with centralized exchanges. List more tips in the comments if you got ‘em.

• Confirm you are on the actual exchange URL/ app

• Use 2FA authentication for important operations (Logging in, withdrawing, changing profile settings etc.) & avoid using SMS as a 2FA option

• Add whitelisted addresses for withdrawals

• Export your transaction history, and maintain your portfolio transactions for trading insights, taxes

• Confirm which network you are making withdrawals for. As well, confirm your exchange accepts the network you are sending through

• Withdraw any and all amounts you are not happy to risk at the exchange, such as leaving it there for trading purposes

• Review deposit/withdrawal and trading limits before you go on/offboarding

• Take into account of fees for depositing/withdrawing in certain methods and plan accordingly

• Understand the risks and opportunity costs of staking/lending at your given CEX

• Confirm your receive addresses, confirm your send addresses.

• Confirm which crypto’s ticker you are actually buying/selling

• Learn everything you can about margin/leverage/futures/short selling before you even consider actually doing it.