🧠 Beginner's Guide: 5 Big Mistakes to Avoid on Binance
Starting on Binance? Be careful! Many people lose money or get scammed because they don’t know how things work.
Here’s how you can stay safe and use Binance the right way — even if you’re totally new.
❌ Mistake 1: Not Verifying Your Account (KYC)
What’s wrong?
Some people skip ID verification after signing up.
Why it’s bad:
You won’t be able to buy, sell, or take out your money. Your account can also be locked.
✅ What to do:
Go to your Binance account and upload your ID card or passport to complete KYC.
🇵🇰 If you’re in Pakistan, connect your Payoneer for easy withdrawals.
❌ Mistake 2: Not Knowing Where Your Crypto Goes
What’s wrong?
You buy crypto, but then can’t find it.
Why it’s bad:
You get confused and might think your money is gone (it’s not!).
✅ What to do:
Understand the 3 Binance wallets:
P2P Wallet: Where money goes when you buy from other users
Spot Wallet: Where you trade crypto (like buying/selling coins)
Funding Wallet: For special things like staking or gift cards
💡 To move coins between wallets, just tap Transfer in the Binance app.
❌ Mistake 3: Buying Crypto From Strangers on Telegram/WhatsApp
What’s wrong?
Someone says, “I’ll sell you cheap USDT — send me money first!”
Why it’s bad:
You send money, and they disappear. Scam!
✅ What to do:
Only buy using Binance P2P from sellers with ✅ green checkmarks and good ratings.
❗ Never send money to someone outside Binance.
❌ Mistake 4: Writing “Crypto” in Bank or Easypaisa Payments
What’s wrong?
You write “USDT” or “Binance” in the payment message.
Why it’s bad:
Your bank or Easypaisa account could be blocked or frozen.
✅ What to do:
Leave the payment note blank or write something like “Gift” or “Payment.”
✨ Don’t mention crypto in any payment!
❌ Mistake 5: Not Turning On Extra Security (2FA)
What’s wrong?
You just use your email and password.
Why it’s bad:
Hackers can steal your account and all your money.
✅ What to do:
Turn on Google Authenticator in Binance (2FA)
Set a strong password
Never share your password with anyone!
🎁 Bonus Tips
Visit Learn & Earn in Binance — you get free crypto while learning.
Follow Binance on YouTube and Telegram to stay updated.
Don’t rush. Take time to learn. It will protect your money.
✅ Final Advice for Beginners
Crypto is exciting — but only if you stay safe.
🛡 Avoid these 5 mistakes
🧠 Keep learning
🤝 Trade only on Binance (not with random people)
💬 Found this useful? Share it with a friend who’s just starting!