Don't use Namecheap.
I bought a domain from them once. Later during that same day, I forgot my password so I typed it incorrectly like 3 times. This automatically puts my domain BACK IN THE OPEN MARKET. I was appalled. When I emailed their support, they said I had to verify my identification by sending them personal documents -- I believe it was two pieces of ID. Total BS.
I simply bought the same domain through Gandi and never looked back.
What could have happened: I could have bought a domain and someone else could have typed my password incorrectly, losing my domain. That person could then steal my domain by registering it else where. Crazy.