My 3 main steps are:
Skim read the whitepaper?
Checking out if the coin has a real world use case?
Who the team behind the project is?
How close/possible is it for the team to create what they are promising?
Marketcap / total supply?
If I am still interested in the coin after answering all these questions; 9/10 I will probably buy the coin to HODL.
A tool that saves me allot of time is:
This tool is a great way to get another opinion on a website in under 30 seconds!!!
Is there anything that you would add to this list?