Guide to Avoiding High-Frequency Errors in Encrypted Transactions

• Private Key Leakage: Taking a photo of a handwritten private key and storing it on your phone, or backing it up using email/cloud notes, can lead to hackers obtaining it through malware or phishing attacks, ultimately resulting in asset theft.

• Wallet Authorization Abuse: Clicking on a DApp link and directly granting “full authorization” to assets is equivalent to giving the project unlimited transfer permissions, leading to users losing their wallet assets instantly due to authorization of phishing contracts.

• Mistaken Transfer Operations:

◦ Selecting the wrong chain when transferring coins to exchanges (e.g., transferring ERC-20 tokens to a TRC-20 address) can result in assets not arriving and being unrecoverable.

◦ Missing letters/numbers when copying an address (e.g., mistaking “0” for “O”), which can lead to assets being completely lost due to transferring to the wrong address (blockchain transfers are irreversible).

• Chasing Gains and Selling in Panic:

◦ Buying in after seeing a short-term surge in a coin, often buying at high points (e.g., a coin rises 300% in 24 hours, then crashes 50% the next day after purchase).

◦ Panic selling during declines, selling at the bottom and missing subsequent rebounds (a typical example is selling during the 2022 LUNA crash, missing a subsequent 20% short-term recovery).

• Misconceptions About Contract Liquidation:

◦ Placing orders with high leverage (e.g., 100x) without setting stop-loss, leading to liquidation with just a 1% market fluctuation (with 100x leverage, a $10,000 principal would be liquidated by a $100 fluctuation).

◦ Holding onto losing positions, thinking “it will eventually go back up,” but extreme market conditions (e.g., UST de-pegging) can lead to continued declines to zero.

• Trusting “Insider Information”: Phrases like “teachers lead orders” or “private placements will increase tenfold” in communities are often tactics used by manipulators to attract buyers, with a common pattern of calling for a surge before the main players dump their assets after retail investors buy in.

• Ignoring Liquidity Risks: Buying low market cap coins on niche exchanges may lead to discovering very few buy orders when you want to sell, forcing you to sell at a significant discount (e.g., buying a coin for $10,000, but only recovering $6,000 due to lack of buyers when selling).

Core Avoidance Strategy: Pause for 10 seconds before each operation — verify address/chain type, confirm authorization scope, assess risk tolerance, and reject “impulsive trading” and “blindly following trends.”