Many beginner traders believe that winning on Binance is just a matter of buying low and selling high. But the reality is that there are silent mistakes that can cost you money without you realizing it.
Here I share the most common ones and how to avoid them. 👇
❌ Error 1: Not activating two-step verification (2FA)
Many underestimate security. If you don't activate Google Authenticator or SMS, your account remains vulnerable. A single oversight can lead to total loss of your funds.
👉 Solution: Always enable 2FA and avoid relying solely on your email.
❌ Error 2: Buying due to FOMO (fear of missing out on the rise).
If you buy when everyone is talking about a token, you are probably entering at the peak price.
👉 The right thing: set a target price and be patient.
❌ Error 3: Not calculating the fees in your trades.
A common mistake is to focus only on the buy/sell price of a crypto like $BTC or $BNB without considering the fees.
👉 Example: If you are scalping in $BTC several times a day, the fees can eat into your profits, especially if you use market instead of limit.
✔ Advice: Use $BNB to pay fees with a discount and plan your moves before trading.
❌ Error 4: Leaving your funds inactive.
Leaving money in spot without movement is like having it under the mattress. Even if you have $USDT, it loses value against inflation and you miss opportunities.
✔ Advice: Explore flexible savings options or staking, but only in projects you understand well.
❌ Error 5: Not diversifying your portfolio.
Many focus on a single coin hoping for the 'big pump'. But if that crypto drops, all your capital collapses 📉.
✔ Advice: Diversify between $BTC, $ETH, stablecoins ($USDT), and, if you prefer, a small portion in altcoins with potential.
❌ Error 6: Not using stop-loss.
Relying on the price to 'come back' is dangerous. Without a stop-loss, a rapid decline can liquidate your position.
✔ Advice: Define in advance how much you are willing to lose and place your stop strategically.
Losing money on Binance is not always the market's fault; many times it is due to avoidable mistakes. If you correct these points, you will have more control and better results.
#Binance #BTC #BNB #Criptomonedas #Trading #CryptoTips
