Top 5 Mistakes Beginners Make on Binance
Not Understanding Fees:
Many new users overlook Binance's fee structure, leading to unexpected costs.
Ignoring Security:
Failing to enable 2FA and other security features leaves accounts vulnerable.
Impulsive Trading:
Beginners often make emotional decisions, buying high and selling low.
Lack of Research:
Investing in cryptocurrencies without understanding their projects can lead to losses.
Misusing Order Types:
Not grasping the difference between market, limit, and stop-limit orders can result in unfavorable trades.