❌ 7 mistakes that beginners make on Binance
(and how not to lose your deposit in the first week)
Before you dive into orders and charts — here’s a list of classic mistakes that 95% of beginners make. Study them — and you'll save not just money, but also nerves.
1️⃣ Blind trading — without understanding the coin
Beginners often buy a coin just because 'it is rising.'
📉 An hour later it drops — and you're already at a loss.
Solution: always research the project: its purpose, team, news, tokenomics.
2️⃣ Hype FOMO — buying at the peak
🚨 You see a +20% rise in a day and think: 'I need to enter immediately!'
Usually after this, the market corrects, and you're left with a loss.
Solution: use support/resistance levels, don't chase the 'pump.'
3️⃣ Not setting stop-losses
📉 One mistake — and your entire deposit can burn.
A stop-loss is your insurance. Even experienced traders lose money without it.
Solution: always set SL, especially in a volatile market.
4️⃣ Using high leverage without experience
🚫 20x? 50x? This is not a way to get rich, but a path to liquidation.
Solution: don't use margin trading until you understand how it works.
5️⃣ Ignoring fees
Binance takes 0.1% for each trade. If you're actively scalping, fees can 'eat' all your profits.
Solution: activate BUSD or BNB for discounted fee payments. Or use limit orders.
6️⃣ Storing everything in a spot wallet
😱 Account hacking — and you lose everything.
Solution: activate 2FA, diversify your assets, transfer some to cold wallets.
7️⃣ Lack of a plan and discipline
Without a strategy, trading turns into a casino.
🎯 You should have a goal: how much you want to earn and when to exit the position.
Solution: keep a trading diary. Write down the reasons for entering/exiting, mistakes, conclusions.
🔐 Conclusion
Binance is a powerful tool. But in unskilled hands, it can lead to the loss of your deposit. Avoid these mistakes — and you'll already be one step ahead of the crowd.
💬 What mistakes did you make when you just started? Write in the comments — let's share experiences and make the market smarter together.
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