Descrizione
Getting started with cryptocurrency trading can feel overwhelming—especially on a large platform like Binance. With hundreds of coins, trading options, and features, it's easy for beginners to make a few missteps along the way. But don’t worry! Most mistakes are common and can be avoided with a little guidance.In this article, TopCoin9 outlines the most frequent beginner mistakes on Binance and shares simple tips to help you stay on track whether you're using the global platform or going through the binance us login page.
Mistake 1: Skipping Security Setup
One of the most important (yet most overlooked) steps is securing your Binance account.
What beginners do:
They jump right into trading without setting up two-factor authentication (2FA), anti-phishing codes, or verifying their identity.
How to avoid it:Before you deposit or trade, take a few minutes to set up 2FA using an app like Google Authenticator. Enable anti-phishing codes to spot fake emails, and complete your identity verification to unlock all platform features.
Mistake 2: Not Understanding the Difference Between Spot and Futures Trading
Binance offers several types of trading, but spot trading and futures trading are often confused.
What beginners do:
They open a futures trade thinking it’s the same as buying crypto normally—only to be surprised by fast price movements and leverage risks.
How to avoid it:
Stick to spot trading when you're new. Spot trades involve buying and selling crypto directly, while futures use leverage and are much riskier. Always read the tutorial or hover over the “info” icons on Binance for explanations.
Mistake 3: Sending Funds to the Wrong Network
Binance supports multiple blockchain networks like BEP20 (BSC), ERC20 (Ethereum), and others.
What beginners do:
They try to send their crypto from Binance to an external wallet (or another exchange) using the wrong network—leading to lost funds.
How to avoid it:
Always double-check the network when withdrawing or depositing. If you're unsure, start with a small test transaction. Binance usually shows a warning when networks don’t match, so pay attention!
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Mistake 4: Not Exploring Binance Earn
Many beginners only buy and hold crypto in their wallet, missing out on passive income opportunities.
What beginners do:
They leave BNB, USDT, or other coins idle in their spot wallet without staking or earning interest.
How to avoid it:
Explore the “Earn” section on Binance. With Simple Earn, Locked Staking, or Liquidity Farming, you can put your assets to work safely. Just make sure to read the terms before subscribing.
Mistake 5: Logging In on the Wrong Site
There are different Binance platforms for users in different regions. For example, U.S. users must access Binance through a separate portal.
What beginners do:
They attempt to log in to the global Binance site instead of the U.S. version, which can cause confusion and access issues.
How to avoid it:
If you're a U.S. resident, always use the correct URL and go through the binance us login page at binance.us. Bookmark the site to avoid phishing scams and ensure you're on the right version of the platform.
Final Thoughts
Everyone makes mistakes when starting something new—but learning from them is part of the journey. Binance is full of features that can seem complicated at first, but with time and research, they become easier to manage.
By avoiding these beginner mistakes, you’ll not only protect your funds but also improve your confidence in crypto trading. For more easy-to-follow guides and expert tips, be sure to visit TopCoin9 your trusted source for navigating the world of digital currency.