# 5 Common Crypto Mistakes Beginners Make (Easy Fixes!)

Starting in crypto? Avoid these classic newbie errors that can cost you money:

1️⃣ Buying Because "It’s Going Up!" (FOMO)

What happens: You buy at the top, price drops, panic sets in.

Simple fix: Wait 24 hours before buying a pumping coin. Use Binance’s "DCA" feature to spread your buys.

2️⃣ Putting All Money in One Coin

Risk: If that coin crashes, your portfolio crashes.

Smart move: Start with 70% Bitcoin + Ethereum, 30% altcoins.

3️⃣ Clicking Random Links (Scams!)

Danger: Fake websites steal your crypto.

Safety rule: Never enter your wallet password or recovery phrase anywhere.

4️⃣ Trading Like a Pro (Without Experience)

Mistake: Using high leverage (10x, 20x) → instant losses.

Beginner mode: Stick to spot trading (no leverage) first.

5️⃣ Checking Prices Every 5 Minutes

Truth: Crypto is volatile. Stress won’t help.

Healthier habit: Check once a day or set price alerts.

✨ Bonus Tip: Start small! Treat crypto like learning to drive – practice with $50 before $500.

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