5 common mistakes of those starting in the crypto market:
Entering the world of cryptocurrencies is exciting, but it also requires attention. Avoiding mistakes at the beginning can protect your investments. Here are the most common ones:
1. Buying on hype, without studying the project
Many people buy just because it's “rising”, without understanding what is behind the coin.
2. Not using two-factor authentication (2FA)
Security is essential. Without 2FA, your account is much more vulnerable.
3. Leaving funds idle without knowing where they are
Some people buy and forget whether it's in the Spot wallet, P2P, or Earn — and don't track the value.
4. Falling for scams outside of Binance
Fake links, promises of quick profit… always be suspicious and only use official channels.
5. Trading without knowing what PnL or leverage is
Entering futures or margin trading without understanding can lead to quick losses.
Tip: Studying before investing is always the best path.
Crypto is freedom — but also responsibility!
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