Trading cryptocurrencies is not a casino, but without knowledge, you can quickly lose money. 💸 Here are 10 fatal mistakes made by 90% of beginners. Avoid them to preserve your deposit!
❌ 1. No 2FA (two-factor authentication)
🔹 "If you don't have Google Authenticator / 2FA — your account is already at risk."
✅ Solution: Enable 2FA in the security settings of Binance.
❌ 2. All money on the exchange
🔹 "Do not keep all your capital on the exchange! Hacker attacks and blocks happen."
✅ Solution: Keep main funds in a cold wallet, only trade with the necessary amount.
❌ 3. Trading without a stop-loss
🔹 "Greed and hope for a 'bounce' drain deposits."
✅ Solution: Always set a stop-loss, even if you are confident in the trade.
❌ 4. Phishing (fake websites)
🔹 "Did you enter Binance.com? Or Binance.cc?"
✅ Solution: Check the URL, do not click on links from emails/chats.
❌ 5. Weak password
🔹 "Password 'qwerty123' — a gift for hackers."
✅ Solution: 12+ characters, letters + numbers + special characters.
❌ 6. Blind FOMO (buying on hype)
🔹 "Bought SHIB at the peak — now waiting for a return..."
✅ Solution: Trade according to strategy, not out of panic or hype.
❌ 7. Using leverage without experience
🔹 "20x leverage = 20x risk. Are you ready for liquidation?"
✅ Solution: Start with 1x–5x until you understand the mechanics.
❌ 8. API keys with withdrawal rights
🔹 "A bot with access to your balance = your wallet in someone else's hands."
✅ Solution: Give the API only read and trading rights (no withdraw).
❌ 9. Ignoring the Whitepaper and news
🔹 "Bought a token, and the project shut down — classic."
✅ Solution: Research the project before investing.
❌ 10. Lack of a plan
🔹 "Without clear rules, you are a lottery for the market."
✅ Solution: Write down your strategy: entry/exit, % risk per trade.
💬 Important:
> "It's better to earn slowly than to lose everything quickly."
📌 Check yourself:
- Do you have 2FA?
- Do you set a stop-loss?
- Are the main funds not on the exchange?
If not — fix this right now!
🔥 Act:
🔹 Like — if you've learned something new.
🔹 Repost — so others don't step on the same rake.
🔹 Comment — what mistake did you make?