#TradingMistakes101 Trading on Binance can be rewarding, but a few missteps could lead to your account being restricted or even frozen. Here are five critical mistakes that could put your funds at risk if you’re not careful:

Skipping Identity Verification

If you haven’t completed your KYC (Know Your Customer) verification, your account is vulnerable to being flagged. Make sure your ID is submitted and approved to avoid issues with deposits or withdrawals.

Using a VPN from Restricted Regions

Logging in through a VPN doesn’t guarantee privacy if you’re connecting from a country that Binance doesn’t support. Their systems can detect this, and it could result in your account being locked.

Automated or Fake Trading Activity

Using unapproved bots or trying to inflate your trading volume through unethical means (like wash trading) can get you flagged quickly. Stick to legitimate strategies and avoid shortcuts.

Sharing Your Account Access

Letting others log in to your account, or using third-party services without verification, is a major risk. It violates Binance’s terms and could lead to suspension. Keep access private and use two-factor authentication.

Ignoring Official Notifications

If you receive an alert or warning from Binance, don’t brush it off. These messages often come before more serious action is taken. Review them and respond appropriately.

Simple Steps to Keep Your Account Safe

Make sure your KYC information is complete and current

Don’t log in from restricted locations, even with a VPN

Use only approved, transparent trading strategies