Many beginners enter crypto without proper knowledge, which can lead to losses. One common mistake is investing without research. Before buying any coin, it is important to understand its use case, team, and risks.
Another mistake is falling for scams. Fake giveaways, phishing links, and promises of guaranteed profits are very common in crypto. Users should always verify official Binance channels and never share their private keys or recovery phrases.
Emotional trading is also a big problem. Fear and greed cause people to buy at high prices and sell at losses. Having a clear plan and avoiding hype helps reduce poor decisions.
Lastly, beginners often ignore security. Using weak passwords or keeping large funds online is risky. Activating two-factor authentication (2FA) and using trusted wallets can help protect assets.
Avoiding these mistakes can make the crypto journey safer and more rewarding.