Bitcoin Forum

There are a lot of mistakes being made by crypto beginners. I think they made mistakes like choosing an inappropriate crypto exchange platform, thinking only about pricing instead of ROIS, lack of research and planning, and underestimating cyber security. If they were aware of such things, it will be more beneficial for them.

I think there's a lot of topic like this at Beginners & Help  (https://bitcointalk.org/index.php?board=39.0) where there's many questions that already have been answered. But from your statement OP. It's just a common thing for a beginners to have some mistakes that could help them develop their skills at trading or investing. That's why once you gained an experience plus your knowledge at crypto for a long of period of time it will be easy for you to make a good calls in crypto. Those things you've mentioned are just few common mistakes made mostly by beginners there's also fomo, fud , timing when buying and selling and etc. These what I've been experienced before improving at crypto world.

There are many more mistakes than you might think.  Many think an exchange is the only way to get to Bitcoin…wrong.  Many have not understood the difference between custodial and non-custodial, and therefore rely on centralized third parties ... wrong.  Many do not know what security means and use applications on their smartphones without caring what they are downloading ... wrong.  We should give more incentive to education.

This is dependent on the kind of knowledge people actually gain coming into crypto. Sadly for some people people in non crypto friendly countries or communities it has hard to find people to trade bitcoin with and many had to resort to exchanges. The major problem is not the use of exchanges to sell or buy bitcoin but the type of exchange or the mode to which it is used. Decentralized exchanges are simply the safest but most features like future trading aren’t on some also it doesn’t mean centralized exchanges can’t also be used to trade. The main problem is using these exchanges mostly the centralized ones as wallets were funds are stored rather than just treating it as a marketplace which it is meant for.

Mistakes shouldn’t be overlooked and there’s no one mistake only that newbie should be aware of because all of them should be considered. Focusing on limiting yourself to prevent a single mistake will just just give a terrible result in the future because you are allowing other mistake to come at you.

In general, Being cautious by not trusting everyone here in crypto space is the best thing to do. Use a service as if they will scam you so that you will not be comfortable leaving your asset unsecured with them. As a newbie, They are the one that needs extra caution on what they are dealing in crypto but sadly most of the newbie are careless and just learning from mistakes after losing their funds.

Being a newbie in cryptocurrency, you need to start your investment with bitcoin, considering that we have many crypto out there that were just a fancy display of name only and got nothing to offer than high risk taking, if you choose bitcoin being a beginner, you are safe from loosing your entire asset like some would give to you when you invested in their shitcoins, after choosing bitcoin, it is very important also to choose a decentralized exchange for your coin, so that it does not end up in the hands of the hackers or centralized institutionizations.

Not knowing what they are engaging themselves into. Most of the new ones are just after profit, which is not a bad thing. But atleast make effort to know what and what not. Most of them thinks that earning profit in this industry is an easy thing to achieve but in reality it is not. Be mindful or risks on choosing a coin, and if it is Bitcoin, beware of its high market price volatility. Prices are unpredictable and are having no definite pattern wherein one wrong move and you'd suffer from huge loss. Also, avoid FOMOs and other things in relation to this industry which might affect your actions from your investments. Indeed, peofit potential is high for this industry in general, but potential will only remain as potential if no right actions would be made.

Crypto newbies like using crypto exchanges that people have not heard anything about before, they always failed to do some research themselves or check the exchange reviews online, most new crypto exchanges are a scam, they don't have to be centralized exchanges, and some requires you to wallet connection, and they even have tokens listed on the lowest rates exchanges, newbies are far from been smart and most of them don't want to learn. 

Those mistakes can occur when a newbie only relies on the information they gather without even asking questions or doing their own research. There is some false cryptocurrency information on the internet, and if a newbie is not careful, they could get some misleading information from the internet. Newbies should just find concrete information and ask questions where they need to before they go into trading crypto because that's their money they will be dealing with, and if they invest in the wrong coin, token, or even choose the wrong exchange, it can result in a total loss.

This one is a little of a stress related one, but it could show itself in your decision making, News binge, or articles,signals related.
Sometimes is good to put down your phone or get away from the computer for some time, when its only btc in wallet them just dont look at it at all.

I think it shouldn't necessarily be a "specific" mistake but something considered a "learning" mistake. Like something "too good to be true" posts and offers, ending up as a scam. I believe that anyone of us has probably experienced a scam one way or fraud possibly like:,

• Investing in coins believing it's going to be a life-changer
• Trading with someone here and not verifying the amount that they have control of the wallet.
• Believing in paying like signals but it's really within your control on how you are going to proceed with trading

There are a lot of things beginners should learn, just make sure they understand what they are doing in the first place.

Choosing an inappropriate crypto exchange platform: This mistake can happen if beginners don't do their research on which exchanges are reputable, secure, and have the cryptocurrencies they want to trade. It's important to choose an exchange that has a good track record, transparent fees, and secure storage.

Focusing only on pricing instead of ROIs: Beginners often get caught up in the hype of price increases and FOMO (fear of missing out), leading them to invest in cryptocurrencies without understanding the project, its technology, and its potential ROI. It's important to do thorough research and analysis before investing in any cryptocurrency.

Lack of research and planning: As mentioned, research is crucial in the crypto space. Beginners may jump into buying a cryptocurrency without understanding its purpose, technology, or long-term potential. It's important to have a strategy and plan before investing in any cryptocurrency.

Underestimating cyber security: Cybersecurity is a significant concern in the crypto space, and beginners may not fully understand the importance of securing their investments. It's crucial to store cryptocurrency in secure wallets, use two-factor authentication, and be cautious of phishing scams

Every person is beginner at starting of trading and getting knowledge about it before Initiation is important. At start they do not have any knowledge about the coin that which coin will be beneficial for taking profit and they do a big mistake by selecting such coin which have no future benefit.

All mistakes cannot be accurate at once but it will be perfectly possible by engaging in it, if unfortunately a person fails to get profit then he should not consider it as a failure but he should take a lesson from it and think about it that he will never repeat these mistakes.

Newbies should also learned that investment for short term at start is full of risk so always involved in long term and buy token with that money which you can save for lengthy time.

One thing I've noticed about cryptocurrency beginners is that they always want to make money quickly and don't even know what currency to invest in. All they want is for their money to start doubling as soon as they start investing, but they are unaware that this is not how cryptocurrency works, instead, it relies on certain principles, which is why the majority of people fell victim to the FTX collapse and lost a lot of money, and lots of individuals lost their money, and beginners are always interested in altcoins that will go 100x at the end of the day they ending up losing their money after a failed project. the best thing to do your research before investing in cryptocurrency involves risk.

It's a common mistake even to not newbies in crypto especially when they didn't research which is the most reliable exchange to trade. It's in the trader's interest to be on a platform that they can also trust and can benefit which is why Binance also becomes no.1.

When exchanges started allowing users to stake with them, all other exchanges offer the same to stay in the game. So while some newbies plan to store or stake on exchanges, its best to just chose the one that is almost too big to fail.

Stress is only an emotion and anyone can experience it even the professionals and experienced traders. There is a remedy for stress. Now what about the beginners? Even if they are not stressed, they still lacks of knowledge and this can affect their decision making which can result for a loss. Losses are also normal so they must not be stressed again but instead learn on how can they improve their self.

Your advice there of staying away from the screens is good only for the long-term investors but for the traders, it's important for them to monitor the market and to listen to the updates (news, signals, etc.). They can use it to decide if what move they are going to do next.

Analysis is required, but in crypto “no risk, no return”. This means that if they don't want to take risks, then they are not suitable for investing in crypto. Risks may vary, security, price fluctuations and some things like that, it should be an extra consideration than only expecting returns.

About the best trading platforms, some will prefer binance, some will also like other platforms, but it is also a good idea to use local platforms which may have been licensed by the government.

I already sense many mistakes in that too. They jump in without proper knowledge. They would just watch few videos how peeps are making hundreds and thousands dollars overnight and get motivated with it to trade insane amount of money. Newbies actually learn when they lose high rolls and end up crying for their investments. Whether small or big is not question, but learning how to turn it into profit is real question. They won’t ask for help, they won’t look for articles neither any authentic source of trading skills. That’s the mistake they always do. I know there are hundreds of topics like these but they should kee coming so that we refresh the mistakes others make and learn from it.

Mistakes but mostly beginners do. It is normal for them to make such mistakes in new situations. Once this new person gains experience from here, he will not make such mistakes more often. We have also made such mistakes and learned from them. But beginners will take some time to gain experience and then if they choose a good exchange for crypto trading and continue trading then their path will be successful.

It is not necessary to focus only on this issue, but the newcomers should pay attention to some other issues. Like firstly beginners need a secure wallet that is a software wallet but the seed phrase cannot be given to any second person and must be kept in a very safe place. Cannot invest in a hurry Investment must be experienced. Don't join any nonsense airdrop campaign since this is where wallet hacking is most likely. All these things should be looked at first but they will be able to work safely.

That's why they called "beginners" in the first place. Do you expect them to already have a best and be skilled in doing trades right away?

Without those mistakes, how can even they be a good trader in the long-run?

Let those mistakes come to them as that losing experience will be their good foundation in becoming a good trader in the long-run.

It is common to make mistakes in trading, especially for beginners.  We also made some mistakes when we were new to trading. The most common mistake that newbies make is choosing the wrong crypto exchange platform and not having any knowledge about crypto exchange platforms.Investing in tempting offers of new projects without research and planning.A lot can be learned from mistakes.  But now in Beginners & Help they are providing guidance on these issues, where you will get solution to all your trading queries.There are a lot of scammers in the crypto space so not everyone can be trusted so it's best to be cautious.  Because a little mistake can cause a lot of damage in your life.Advice for newbies would be not to risk trading transactions with little knowledge.

Mistakes are very common for beginners, in fact, even old traders are also experiencing this because the reality is that there are no perfect trading strategies, and not all the time the market gives us a favor. But never take mistakes is a bad indication that we are not meant to be here instead, make this a reason why we have to improve our knowledge and be careful in our decision-making.
We have to know that trading is risky and it is possible to lose any time. That is why we should not take this as an easy job, it needs focus perhaps.

You can't expect too much on a cryptocurrency beginners. It's normal to make mistakes and learn from them. You can't grow if you will not commit any mistakes in your life, and it can't be avoided. Newbies tend to buy random shitcoins because it's cheap and will sell it to an unknown exchange because it's listed there, the ending, they lose all their coins.

Not all of them do have time to do some research because they can't contain their excitement to finally make profits in cryptocurrency.

Though that's one of the basic things one should learn about when planning to start trading, I believe this isn't a very severe mistake newbies make when signing up and choosing an exchange. I personally haven't seen people complaining about choosing an exchange but rather they complain all the time.

There are a lot of other topics that need to be understood by newbies apart from this, and some even are more necessary, like the fact that cryptocurrency investments involve a lot of risks and that there are a lot of scammers out there who will snatch their assets within a blink of their eye if they don't secure them well.

As a newbie, no matter how well prepared you are, mistakes are inevitable. That's normal and newbies should be willing to accept that. No one is successful or great without making mistakes, there are failures, and there are mistakes to succeed. And I rarely give advice to newbies because I believe they will not comply or follow, newbies often act according to what they think. My advice is to experience things for yourself, and don't be afraid to take risks if you want to succeed.

Mistakes are part of the investment process. It is better to make mistakes early as a newbie with little capital and take the corrections,   Other than make worst mistakes when the portfolio becomes massive, then it might even result to suicide.

I am saying this because i discovered no matter how much threads come out about risk management and how to limit losses in the crypto industry people still fall victims. I don't know if it could said that the do miss the thread or they neglect them. The best practices so far in the crypto industry are from those who have made their mistakes and taken corrections as suppose.

Mistake happens, even the more experienced traders out there also vulnerable from the same mistakes like most of the beginners do. Sometimes you need to actually experience this kind of mistake so you know and aware about such thing and can avoid such thing happens again in the future, this also makes you a better trader as the time goes with how much situation you have encountered before.

Many things were to be considered when trying to choose an exchange as a newbie, you must not make the big mistake of putting your entire savings on centralized exchanges, if you're investing on bitcoin then know that you're not finally decentralized until you decided to use a decentralized exchange for storing your asset, beginners dont give much time in studying about things that were needed before starting or choosing an exchange.

I think this applies to every field. The beginners are called beginners because they get scammed or lose money due to their unawareness on lots of things. The worst mistake as you mentioned is going for exchanges instead of wallets and investing in shitcoins instead of good coins. These are two basic mistakes that almost every one does even most of us did. But obviously there are lot of resources these days where they can educate themselves even on the forum there are a lots of guides for newbies.

Aware of everything before joining crypto trading is very important and individuals also fails to get profit because they follows the strategies and rules of others and I think that a person should always follow his mind so he will be successful. Sometimes other person select wrong coin so if a trader follow him then he will also have the same future as that of the other person will. Trading is more dangerous than investment so if a person is new in crypto industry so he should have to take step towards investment instead of trading because in trading you have to make a quick decision. In crypto you cannot get profit quickly but you have to wait for appropriate timing and appropriate cost to give you advantages.

Crypto greenhorns, stay alert! The crypto landscape is a wild, untamed territory riddled with hazards and threats. One misstep, and you may end up destitute and disenchanted. The primary error to dodge is selecting the wrong exchange platform – it's like backing the wrong horse in a race. You might think you're on the right track, but soon you'll find yourself submerged in fees and security issues. Additionally, don't be seduced by low prices. It's like purchasing a counterfeit item: it might seem like a sweet deal, but ultimately, you'll suffer from lackluster performance and remorse. And let's not overlook the significance of cyber security – it's akin to constructing a digital barrier to protect your assets from malicious forces. So, crypto novices, heed these wise words, and always remember: while investing in crypto is no laughing matter, there's still room for some enjoyment along the journey.

Newbies are not the only one prone to making such mistakes in the world of cryptocurrency because sometimes you also find out that even old crypto enthusiast make such mistakes or unintentionally fall into scam trap. The most recent is the ftx that both newbies and experienced people got trapped in it. Talking also on investment , it is not only the newbie that invest wrongly. In 2017 there was huge gain by investors but during the bear those who decided to continue hodling lost and that is just the way it is. In cryptocurrency investment you have to be smart.

You sound like a professional in crypto trading, we all remain learners in trading, because to maintain success in trading, one must commit to continuous unlearning and learning. A crypto trader that is old and decides that he can now place trades and make decisions without checking, researching and planning will soon begin to record losses in trade. Everyone in crypto trade has to be aware of the mistakes of staying with a crypto exchange platform that is having issues even if they have been using that exchange for a long time, you ought to know when to change the exchange you use. Old traders in crypto have to understand the need to never feel like they can do without research, researching has to be a norm.

Also, one mistake that I've noticed from beginners is that they think that trading is easy. And that's why they just copy trades and think that if someone is performing well, they can just easily copy those trades being done without doing their research. Yes, the choice of exchanges is a big factor and we know that many newbies fell to those unknown exchanges and they experience problems when they're about to withdraw their funds because they're not legitimate exchanges. They are there not really to give a good service and much worse if those exchanges are only there to scam newbies that they'll require more deposits before they release the funds being stuck there.

Mistakes are committed daily in the market, and there's room for corrections and improvement. Projects dumps are not fixed or planned, they're just coincidence that happens in every season of the market, I guessed I was counted lucky not to be involved in the heavy dump of Terra Luna and FTX. These projects have been lengthy in the market, no one have an idea about their crashed, some of my colleagues lost heavily and that made them not to put all their trust for long-term projects because it's very risky. Holding on a project is never an option for me, I always figured out short term project that will aides me profits within a small range of time.

The main mistake of a beginner, in my opinion, is that a beginner starts trading cryptocurrency without thoroughly studying the project it refers to, without analyzing social networks, without checking who is behind the project. Charts can be deceptive.

Besides this, we should also take a look at those who are not using centralized exchanges, like they are intended to store their cryptocurrencies in their personal wallet and another problem comes up: securing their wallet or private keys or seed phrases.
Not properly securing their private keys or seed phrases is a mistake that crypto beginners should be aware of. When it comes to accessing your cryptocurrency holdings, private keys function similarly to passwords, and seed phrases are a group of words that can be used to regenerate your private keys in the event that you lose or misplace them.

I don't think chosing a wrong exchange is that popular of a mistake anymore by any new trader just joining the market. The big exchanges like Binance, Coinbase etc has made themselves so popular that any new traders can't miss their ads when they pick interest in trading. This exchanges are unlikely to scam so that's taken out of the risk too.

The problem I can think many newbies will face is them not knowing what to trade, this exchange are listing new tokens regularly just so they can get some of that heat coming from this trending tokens which usually don't last long but if you get involved with them and not take out your profit on time, you could possibly get dumped on by early investors.

crypto exchange mistakes?  how come when we can choose depending on what the internet will tell and surely first in the lists are Binance and Kucoin.

exchange that safer and best for beginner also.

But what you said is correct that they need to find good exchange and also a good coin.

The biggest mistake a novice can make is to believe all the advertisements made by influencers and seen on instagram and tik tok: if a person believes this nonsense, he will lose his money 100%

And usually, beginners just follow the advice of someone they see on social media or Youtube and immediately register themselves on the crypto exchange platform suggested by the influencer. That is the most common mistake that beginners often make because they don't research to find a trusted crypto exchange platform. If they could get more information about the crypto exchange platform, surely they wouldn't make a mistake. But it depends on their willingness to start trading in crypto. Most want quick profits without realizing that the market situation is always changing, and they need to learn more.

I agree. There are so many mistakes that crypto beginners should be aware of like falling for scams in the crypto space. Most beginners are always looking for the next bitcoin or some random token that will give them 100x without even doing research and following what the influencers told them. I think they should start by knowing what is a cryptocurrency or a bitcoin. Knowing the basic knowledge of this will help them to be cautious and skeptical of the things that are being offered to them. They should be also aware to keep their private keys safe and never share them with people that they don't trust. I think we as a community help the beginners to not fall for these mistakes by informing them of our experiences when we are also getting started.

People learn from their mistakes. But the question are you really learning from them or are you keep making the same mistakes over and over.
You can not learn from anything if you don't try it first. That's the reason everyone will suggest that start small and work your way towards the big thing.
Also as a beginner, it's very important to prioritize research and planning to ensure that you're making the right decisions. Choosing the right crypto exchange platform is also important because there are various options available, and selecting the wrong one can lead to additional issues down the line.

To learn a lot, you need a good understanding. Not just knowing how to sell and buy.
There will be many factors that influence everyone to trade well and not believe anyone who recommends crypto platforms without doing research first.

Beginners usually do without thinking first, so they are easy to bait on some fake crypto platforms. Want to make a profit but in the end suffer a loss.

Therefore, for a beginner or for those who are professionals, research is very important before moving on to the next stage.

This has to be the biggest oe among the biggest mistakes newbies make when they want start investing in the market but I don't think that's a mistake when trading. When trading, we're looking to make profits and there are more profits trading altcoins than Bitcoin. Bitcoin is more of an investment project than trading as you make more money holding.

Altcoins aren't guarantee future investment so trading them would be the best approach and when you understand the altcoins market, you'll make huge profits from  just trading them. Although newbies that wants to do this has to be careful of scams and shitcoins because trading those would only get you scammed.

Its function is to study trading before entering the market so that we already understand what needs to be prepared beforehand. This is very important to realize because many people already make mistakes in trading and we must be able to avoid them to reduce the risk.

Sometimes, people are lazy to find more information about trading and only rely on signals from other people where the signals are not always correct. This is a mistake because we do not know where that person can get positions in and out of the market while we just follow them.

When don't need to wait before we make mistake before we become too careful on how we position our trades. There are many traders that had made a lot of mistake and we need to be very careful so that we are not going to make the same mistake over and over again. Trading is all about working with experience traders, reading and becoming a better trades so that we are going to be a pro trader just like every other good traders in the market.

The market is full of experience and profitable traders that are cashing out well from the market. We should also try as much not to trade in isolation. Trading in groups and with other traders tok can increase and enlighten us on different patterns we can trade the cryptocurrency market. 

It is rather a very personal choice on how you want to trade. I myself do my tradings alone. This helps me to pinpoint my mistakes so that I can avoid them later on. I do follow other people's strategy, but only for learning purpose. I will never trade based on their analysis or signals. I will do my own analysis and match that to theirs.
That way I can be sure that I am on the right track.
And trading in groups can lead to having different opinion and results. It is more likely people will blame others and won't be able to find out their own mistakes.
But as I said. It's totally personal matter. I choose solo. You can choose whatever you wish. And group trade is also a good source of knowledge. Because sharing makes your knowledge grow.

Newbies that do get easily hooked up by big profits or numbers that came from other traders or investors are the main things which do really make them dive in without having that proper preparation on learning up things which is something a very common mistake for most people or newbies do able to commit on.This is why on the time that they would really be experiencing unfortunate events or conditions then this is where
they would really be trying to make out adjustments basing up on what they had encountered and this is where they would really be that realizing that dealing with trading or crypto
investment is never been that simple.

Following others without learning what they are doing will only mislead. some of the signals that are followed are not even guaranteed to be successful and as predicted. lazy people will never grow, learning how to do analysis is very necessary, even if only learning basic knowledge.

Nothing can be done instantly, trading requires good analysis requires a strategy.
Beginners are thirsty to do all that, in order to understand what to do without depending on other people.

This happens a lot to beginners. Don't easily believe in anyone, Don't believe what experts say, Don't easily believe what influencers say either. we should reset ourselves. don't just buy coins or tokens because of reviews on Instagram on YouTube or other social media. So our investment decision in a crypto asset is the result of our own research based on our own beliefs, not what person A said, what person B said or what person C said.

And then you still have to use cold money, you are required to make any investment, what this means is that we don't use the money for a long time and we are ready to lose 100% of that money, if you are not ready to lose money, that means it is not cold money. because investing in crypto is a very high risk investment. so don't use kitchen money. Wife's money, money used to pay school fees, college fees, people's money, especially loan money, crypto investment mistakes.

This is the most fatal, always having to choose a platform carefully, because some time ago there was an incident related to the exchange platform. there are exchanges that take away consumer money there are those that get hacked like mt. Gox or coincheck. Make sure our exchange is an exchange that has good liquidity and keeps coins in a safe place even though we really can't predict what will happen in the future.

Even the biggest exchange in the world like mt.gox can collapse But it would be better for us to divide our portfolio across several exchanges. Because there is an exchange one day, there must be something called maintenance, maybe there is a problem with the server, maybe even hacked, so that we don't lose 100% of our assets or lose the momentum of selling or buying just because we put 100% of our assets on one exchange, we still have to remember dont put your egg in one basket.

Right, nothing is instant. It's best if the people who expect from the signal know this and start learning more about trading so they don't get their hopes up from other people's signals. I have several times met people who asked what coins they could buy to ordinary friends who could analyze the market. But these friends do not provide a more detailed explanation; they only provide a price position to buy and when to take advantage of it.

Again, if they keep doing that, they will find it difficult to take advantage of it or determine when they can enter the market. It is better to learn about trading because it will surely be useful for them, especially if they want to make trading a source of income.

Thinking also of ROIs will make them think about such quick phasing in trading which I don't recommend to happen.

You need to take it one step at a time and the journey won't be that easy if we are going to think of it. About cyber security concerns, we don't need to be expert on it but by simply adding 2FA to our exchange and wallet accounts are good features to begin with.

Not only these but there are also so many other mistakes which a new traders do and they do these mistakes due to insufficient knowledge and expertise. They also don't follow any strategy and they have no personal strategy which can help then in getting profit. Crypto beginners should having a plan and working according to this plan will be make them able to get huge cashback. Crypto beginners become afraid of losing money whenever they see unfavourable conditions therefore they make wrong decision during bear market. So its important to first fully understand that what to do and what will happen after your action.

When you are really thinking about fast ROI then it would really just distract you on going with the right path on which its never advisable on having this kind of intent but its normal when you are just a newbie but
of course when real experience kicks in then you would really be making that realization which is something that you would really be that aware. Mistakes and errors are the best teachers and there's no way you could
be able to learn up things from other people but rather it would be on your real experience. Its normal that greed would really come out but once you do able to gain that sufficient experience
then it would really be giving out that kind of idea on what are the things that you should gonna do along the way.

Unfortunately there are tens of thousands of people out there who think that they can follow someone, and learn what to buy and what to sell and be rich thanks to that. I do not know how we can stop that and all, but I am sure that we are going to not have zero of those people, it is going to keep happening.

In order to get rid of that, we need to expose these signal channels but there are so many of them that even when one is exposed, people say "this is not like that" for other ones and still trust it. I guess there is a thing in some peoples minds where they are more inclined to get scammed, no idea what it is, but that's what they believe in, and that's a trouble.

well, it is a starter. then with it all, they will learn how important it is. I don't think any rookie will notice that in such a short time. even when they learn though, there will still be things they have to learn from mistakes, even people who have been trading for a long time.
However, the most important thing is not to give up easily, and keep learning from failure. In addition, what needs to be considered is that a beginner needs to use as little money as possible in trading, and needs to choose a trusted exchange, and a popular coin or token. many beginners start their first trade in the wrong place, and because they see a lot of profit from someone, sometimes they dare to take risks by choosing the wrong coin, and use quite a lot of money to trade.

It's no problem to think of ROIs but when you're too much focused on it than learning as a beginner. The motivation will be different and difficult for you to extract.

And attached to it the thought that this market is an easy market where you can make money so fast. But not knowing that you're prone to many mistakes and those mistakes will frustrate you.

When it comes to that situation, you'll either stop because you're discouraged that your expectations weren't met. Learn from your mistake and from the others too.

Just telling you the price positions where you should buy and sell without any detailed knowledge is just foolishness. Sometimes you are just used as bait to buy early.
Quite often I find people like that, just giving buy and sell numbers but not explaining technically and fundamentally why it can happen according to the numbers given.

People who do this just want to get more followers. Just look at the link they provide, it must contain referrals and if you register through the link, then they will get a few percent of the profits from the trading platform used.

Just looking at one's profits, beginners will be attracted to enter. Even though they don't know how much the initial loss is.
Using quite a lot of money to trade should have good management and enough knowledge to trade.

If you just follow someone's guidance, even a lot of money will run out.
Don't trade like a blind person, without knowing any basic knowledge, so that everything will be in vain,
wanting to grow profits but in the end giving a lot of losses.

If they followed someone without learning what to buy and sell, they would have a hard time getting rich or making a profit. They must realize this because otherwise, they will never achieve their target. And when they don't reach their target, they get frustrated and say it's not for me when it's their own fault for not learning. They need to change themselves to realize that what they have done so far was wrong and try to learn from their mistakes so that they will not experience or repeat the same mistakes.

Those who follow and rely on others' signals are those who are lazy to do their own research and study things about trading. We can actually do trading by ourselves but we need eagerness and willingness to learn and adopt kowledge to do it successfully. Relying on others, especially people's predictions and signals will not always work. We must instead learn the basic fundamentals of trading as well as do our analysis of the market.

I will say that when it comes to signals they will never work, for the lazy, signals may seem like the perfect way to make money while at the same time they do not make the effort necessary to learn how to trade, but if you really begin to think about it you will realize that it does not make sense for those that give signals to share them, because if you had a away to profit from the markets with your signals you will not share them as you could directly make money with them.

This is common many newbie loss in trading because of thier mistake it is normal they are still in a stage of learning all i can see is that they need to use small amount to avoid anger and disappointment when they loss maybe not all beginner loss but most of them because they still didn't have any experience yet.

It's hard to be a beginner, but that's what people came from. Those experts now came as beginner back a few years ago.
They experienced failing with their investments. They've experienced getting scammed. They've experienced investing into wrong coins etc. etc. I can say that because I also experienced that thing back when I was a newbie (though I'm not an expert).

As a beginner, one mistake to be aware of isn't enough because you need to experience failure in order for you to become a successful investor. I can't say one mistake only because there are lots of mistake that beginners should be aware of. Investing into low market-cap coins, getting attracted by huge returns, picking a wrong exchange, following the wrong person, investing without proper knowledge, and so on, and so forth. I mean there are many mistakes that beginners should be aware of, but a beginner must experience most if not all of these so that, he knows what to do in the future.

When I was a beginner, I'm a bit lucky that I didn't experience getting scammed (because I watched videos before I invested, and I know which are scams and which are not), but I experienced having huge losses in trading, investing into wrong coins, investing into meme coins (which I shouldn't did), following different influences and investing into the coins that they're saying. There's a lot of mistakes that I've did in the past, but I learned from all of that. Though I can't say still that I'm a successful investor right now, but at least I know which are the things that I should avoid now.

lazy to think as a result of following the signal to be the main factor of failure in the future. we can't always follow other people's signals, then what will happen later if we don't follow other people's signals, we won't understand anything about analysis. for me learning to trade is a long-term asset, until later when I retire I'm already proficient at trading and can make money from trading, so it's not a fast way to earn money, therefore you have to really know yourself for trading

A professional trader will never always rely on others or trade by other's signals, it is not only professional traders who have learned to do new analysis, but if they want to work with signals, they will analyze the signals and then trade.
I never advocate new or old trading with signals all the time. But in the initial stage those who are trading who work with signals, I would say that they should analyze that signal and then enter the field.

We can't expect a novice to have all the essential experience with bitcoin/cryptocurrency because they are still beginners, which is one of the reasons they are called beginners.

Especially when it comes to trading bitcoins, several newcomers enter the Bitcoin market without having any prior trading experience. Even though a novice must occasionally fail or lose, they still require enough understanding to trade.

That's why it is better to learn to trade than to follow other people's signals because we don't know how valid those signals are. By doing research, we learn to analyze our abilities and by learning that, the skills we have will increase and that is very useful for following market movements that are still uncertain. I'm sure we can certainly learn well but that depends on our own desires, do we want to develop our abilities so we don't need signals from other people or will we still use signals from other people but we might find it difficult to get the profit.

Crypto is filled with scammers so do not trust anyone no matter how legit they look. Crypto was created so that you do not have to trust someone else, it's decentralized for a purpose, so if anyone asks you for your money, for any reason at all, no matter what they say, either do not give the money if you are smart enough, but even if you do then consider that money as fully gone and not coming back.

This isn't just straight up giving it to a person, consider brand new investments like that as well, if you are not buying bitcoin on good exchange and holding it, all other moves are risks and you should be careful about it and many people lost billions because they weren't careful.

Its not bad to make use of other signals or trying to peek on their analysis but of course in wont really be that ideal that you would be relying from it.As a beginner then it would really just that right
that you should really be that going and focusing with the basics.You wouldnt really be able to learn up things quickly or in one day and this would really be taking a long time before you could be
able to do such thing. Be wary with your emotions which is something that would really be distracting you and would boggle up your mind along the way.
Market is volatile and unpredictable and thats why its really just that right that you should really be wary in regarding with your actions.

This will refer to those who wants to do trading, but if you don't want to just choose the best wallet where you can have a control and the keys then you can be good. Exchanges are there for you to buy and sell only, holding should be a different story. Beginners should always choose the best platform available on their country because if they will just choose a small exchange with no good reviews, then it can be a big mistake for them. This can be avoided only if they start doing their own research. 

For me, even though it was still a beginner's mistake, I just knew that trading would not be for me at all. I watched videos just like yours on how to day trade in Binance. I encountered huge losses, bought wrong coins although I didn't buy meme coins unlike yours. I just realized that time that trading is not really for me at all.

I just reverted back into long-term hodling and it was the best decision ever in my life. I just wish I could have put those lost time into programming instead just like I mentioned before.

Everything is going to go through beginners' stage. That's the best way to learn, but having a mentor is better. If not, then you will have to go through it. I want to expand on what you have already said, OP.

• Imagine joining exchanges just because it has gotten popular in a short while and may be too good to be true
• Only goes with the crowd and follows what they see online without research.
• Keeps everything easily accessible to anyone

.

Those things are quickly learned if the person exerts effort towards it, and if non, then you know what will happen. That someone will not be involved anymore with the crypto space because of a "bad experience."

It's not bad to use other signals, but we still have to analyze it before using it so that we don't experience errors. That is why we are always required to learn more from trading to adjust to market conditions or conditions. If we can adapt to the market, we definitely won't have any problems because, with our skills, we can find a solution even if the market reverses. And indeed we must control our emotions when trading to stay focused on finding opportunities to make profits. And acquiring such abilities requires a lot of practice and learning other subjects.

It would be too much of a risk-taker that a beginner put all his faith in a trading signal but yep it's not like it didn't happen before.

One mistake that I can think of which I have also tried and regret back in the day was trading an altcoin where I should be on BTC/USDT.
Some beginners begin to like one altcoin thinking it will become like BTC so they keep trading on such a pair.

Those who are like that are people who want to profit without doing business. Maybe it's the same as people who think that investing or trading in crypto is a get-rich-quick road. lol
Indeed, we should have our own skills regarding this space, only relying on that signal is tantamount to burying dadari's potential within ourselves. Indeed learning will take a long time, but if we are serious then it will pay off with the effort we put in. But what I see now is that most people easily give up with one failure, that's what keeps them from growing and moving forward. They buried their own dreams.

One of the worst thing a crypto trader will do is trading on a wrong exhange, when you start using the exchange things might be going well but with time you might start having problem with either withdrawal or deposit on the exchange. Most of those exchanges are always have bonuses which always attract people to use it, because I see no reason why you have to be using exchange with low reputation when there are lot's of exchanges with good reputation were you can easily trade and have peace of mind, we shouldn't be deceived by all those exchanges without reputation just because of the bonus they are offering.

And it is because of this that the first step for a newbie which is interested on becoming part of this market is to reign on their enthusiasm and begin to read more about this market and all the pitfalls in which they may fall, this way once they finally begin to use their money to invest or to trade they will have a better idea of the things which may make them to lose money and take the necessary steps to avoid them if they happen to encounter them.

That is the reality to most of the beginners out there, they tend to invest and trade quickly because of their greed to make instant profits, and when they start to fail and losing their money, that’s the only time they will learn. When in fact, they should be learning at first before they consider to invest or trade. Furthermore, I believe not just newbies but certainly all crypto investors and traders should take them with caution. Otherwise, they will never learn from it and continue to commit mistakes the same way as before.

Greed can really take us into a wrong path because we tend to feel more excited to gain profit without being mindful of the risks. Some newbies think that they could have the same fate as successful traders even when they have just started not knowing the risks that they will be facing. They have the wrong mindset because of their emotions and excitement to earn from it.
We can actually take one step at a time with cautiousness because risk will always accompany us in our journey so we better not rush things out.

If you are trading in the market and you are using big fund when we can't even control small funds then that is a big mistake thah needs to be prevented because if when enter the market with a big fund and price goes against us then we might end up losing in a manner we would never want to experience. Trading is hard to achieve but some persons still does not understand the effort pro traders are going through to make sure that theykeep making profits from the market. We need to make sure that we acquired the necessary skills so that we can be able to beat the market.

There are loads of mistakes someone who is new to crypto can make when investing in crypto currencies for the first time. But one of the mistake that almost everyone does is that not doing enough research and investing thinking that they will make profit overnight. Also, when you're new to crypto, it's so important to learn as much as you can about the projects you're interested in, the technology behind it, the exchanges you'll be using, and the overall market trends. Without a good understanding of what's going on, it's easy to make bad decisions, lose all your money or fall for those stupid scams. One shouldn't rush into anything. They should be curious and ask hundreds of questions and think twice before taking any decisions.

Regardless if the trading fund is small or not, it's our own money therefore a serious approach should always take place.

Once we decide to put money on something, we have to make sure that all things and preparations are in 100%.

It's ok to make mistakes along the way but as long as we learned from it, that what matters.

Yes, you're absolutely right. Beginners in the crypto world tend to make several mistakes that can result in significant losses.

Some common mistakes include:

1: Choosing an inappropriate crypto exchange platform: Newcomers often select an exchange based on the lowest fees or by following the advice of friends, instead of doing proper research to find the most suitable exchange platform that offers secure and reliable services.

2: Focusing only on pricing instead of ROI: Many beginners make the mistake of only looking at the current price of a cryptocurrency, without considering other factors such as the coin's potential ROI and long-term value.

3: Lack of research and planning: Newcomers often make the mistake of investing in cryptocurrencies without doing thorough research and planning. It's important to understand the fundamentals of a cryptocurrency, its underlying technology, its potential future applications, and the market conditions that may impact its price.

4: Underestimating cyber security: Security is a crucial aspect of cryptocurrency investment, but many beginners often underestimate its importance. They may store their coins on insecure wallets, use weak passwords, or fall victim to phishing scams, leading to the loss of their investments.

Yeah that was the beginners mistake, they are full of excitement and they are always do things quickly and wanted to earn quickly and they will loss at the end, people that was new in crypto has a big chance of lossing it is not easy to earn in crypto that is why it needs a lot of research specially on using exchange.

Others are too confident, like they already have money, and they also thought they could learn trading overnight. That is why they mostly take trades because they think they are confident. If you are serious about your plans, such as trading, and not just for profit, you should always be prepared if you do not want bad things to happen to your money. Others, on the other hand, believe that it is simply a simple buy low, sell high. 

besides that beginners usually like to dramatize situations, where every loss or win is overly responded to, so that this actually backfires for themselves, considering that they have not been able to control themselves. but indeed this is part of the learning process where almost everyone experiences it, but we must immediately get up so we can quickly adapt to the market

Another common mistake beginners often make is having the mindset that crypto can make them to become rich immediately they start investing or trading, some even think when they start trading they can always make profit so quick and all the time from trading. This are mistakes some beginners come in with in trading maybe because they are misinformed and no research was done. Beginners needs to be aware of this common mistake and try to avoid it.

There is no doubt that trading beginners made very some very known mistakes at the start. This all happen because of no proper guidelines and own knowledge. One should learn every method before entering into trading. choosing low volume exchanges becomes very common. I remembered my friends who send fund to Hotbit because price of token was much higher than other exchange. when he recieved fund and he place bid for selling , the buying volume was so low and hus fund stucked there.



obviously this is another one beginners faced in great numbers. The main reason of this is because most of Crypto beginners enters by watching Youtube video or following Celebrities. These Youtubers claims that Crypto made him rich in very less time. These Youtubers has been paid by Fex exchanges for promoting future trading, grid and copy trading and  unfortunately simple people follow it to become rich in short time.

this is like a FOMO mentality in which new traders want to invest to something they are hopeful to skyrocket immediately in a short amount of time, not knowing what they bought is somebody's exit plan. in the recent trend in which people are interested in play to earn games axie excluded since the price that time was already too high for ordinary investors to buy, what I have initially noticed is that they are scrambling to buy even if the project is unsure just for them not to miss the train/rocket like what they regretted on axie. during those times, this is what I commonly see in social platforms like twitter but the thing is, they are too dependent on someone's recommendation for example social media influencers or youtubers. in the end like i've said, what they thought is pumping in the next couple of days ends up them being scammed since those devs are already exiting (rug pull) or much better term for that is "they are dumping on those investor's faces".

I agree with the OP. Although it has been said that we shouldn't keep our bitcoin in an exchange on the other side of it for beginners especially in trading is choosing the appropriate crypto exchange platform. Some platforms are safe to use while other are not. I use binance because it has street cred.

Just like the OP said, there's just so much more to bitcoin trading than just price. The more, include, market cap, and for me the most important is the real life applications of it. These and many more constitute the ROI which should be the actual focus of the newbie trader.

If am not mistaking there's a lot of threads here and "beginner and help" board that have handle such topic as this and more, so it would be good op you do a deep search about certain topics on the forum if they have been discussed maybe in times past or just recently so it doesn't look like you're spamming, although I chose to believe that you didn't know about it. Examples: https://bitcointalk.org/index.php?topic=5447603.msg62035733#msg62035733




There's a lot needed for every newbie to bitcoin needs to learn and this can only be achieved if they can have the patience to key into learning the very basics before pushing themselves to upper level else such newbie would always be a victim of scams, a hard way to learn.
Anything related to security   https://cryptosec.info/

Actually trading altcoins is okay as long as the altcoins are moving well so you can buy low and sell high. I have experienced this before and when the price seemed unable to continue its upward movement and tended to move downward following the bitcoin movement, I decided to exit the market and wait for the next opportunity.

But if there are no altcoins with such good movements, we don't need to try it and choose to return to bitcoin because maybe bitcoin's movements are already good. And if it's not great moves from bitcoin and altcoins, maybe we can get out of the market first and take a break.

So by having expertise in trading, we can analyze based on our knowledge and develop our abilities to be better. And by having better skills, we will have even greater opportunities to make more profits. And if we haven't been able to profit from trading, we should not despair but keep learning more and understanding trading and remain confident that one day we will be able to make more profits. And we also won't depend on signals from other people because we already have expertise in analyzing the market.

Elementary monitoring of exchanges will help you choose the best option, which is not the biggest mistake that a beginner should be worried about. A bigger mistake would be to store coins on the exchange after purchase, as well as choose an exchange that requires verification. Every mistake we make is an experience, as many of us learned from the very beginning.

I think getting a mentor and being influenced by someone are different things and people should be careful about them for sure. I know that being influenced by people like on twitter and buying something because they suggested is a terrible move that should be avoided as much as possible.

There are tons of people who follow influencers on twitter and most of the time they end up making a loss and that's not a good idea. However, finding a mentor, someone who you can chat and have discussions with, could be beneficial for you and you can learn more about it when the time comes, I know many people are worried about it but that's not going to be a trouble for anyone at all. It should be as easy as it gets and should be fine.

and they're many more mistakes that'll still be made, it can't be totally avoided, life is in stages and so is everything not excluding trading, just as we can't skip standing as a lad to walk, so we can't also skip stages in trading, treat each stage with the amount of attention and time it requires.

Finding a reliable mentor - That is the thing that newbies are supposed to do. But unfortunately, the situation is getting difficult as it was hard to trust someone online, most of them are greedy and yes, scammers. Well, the last option I see is to carry ourselves and study the market alone. In fact, there are a lot of trading resources that we can find online and I think it was enough to learn to trade, we just need not be afraid of trying and experience actual trading as this will teach us more lessons than reading and watching tutorials.

^ As I can say, standing by yourself if you cannot find a mentor and doing your own research is the best way to avoid different mistakes as a new trader. Because new traders should have a trading plan, failing to develop a trading plan and there are many new traders who start trading without a well-defined plan. They may not have clear goals, risk management strategies, or a defined approach to analyzing the markets. Because for me, becoming a successful trader requires a combination of education, experience, discipline, and a willingness to continuously learn and adapt to changing market conditions.

If you are a beginner and you have no mentor, why not use small funds to begin with?
This is your learning phase to see how the market performs and grasp possible techniques along the way.
If you are in a hurry, high likely that you will lose a lot as you have no weapon yet in this battle.
A lot of us learned the hard way. Even the so-called experts can still commit mistakes.
As we don't know where each project will head to, we are only speculating where they are going to.

Elementary monitoring of exchange is still never a good idea for the beginner that's going to invest in the altcoin market that's known for being high manipulated market. The altcoin use case its market capitalization, historical data, the team, and the community supporting the project still need to be put into concern.

The main mistake a beginner should avoid when trading is, in my opinion, trying to trade cryptocurrencies, focusing only on charts, and not studying the cryptocurrency itself. It is mandatory to study roadmap, whitepaper, gather all available information about developers, know what circulating supply and other information

This is a very common misconceptions by newbies because of the things they see with this social media influencer that uses cryptocurency as a disguise for the illegal businesses they're mostly involved in. Most of this guys we see with lavishing lifestyle didn't get that from investing in cryptocurrency instead they're into drug trafficking and other illegal business then present themselves as influencers so they won't be suspected.

Also we have those selling course to newbie that believe they got their riches from investing in cryptocurrency and make a living of those courses. We also have those that made the money from cryptocurency but they're a minority because majority of the investors here aren't making money or losing it to shitcoins and bear market because of greediness.

As a newbie in the world of cryptocurrency, you should really have knowledge of the business you are going to enter and allocate money to grow it in the future. And this industry is not just that when you think of investing it will grow immediately.

You need to have enough knowledge here, don't ever invest without knowing anything here because if you do this, you are called a gambler hoping to make money with luck, this world of crypto needs skills because there really is this risk when you enter it.

The tendency of beginners to expect to become wealthy overnight has been a significant factor that has a negative impact on them, and as a result, many of them are more likely than to lose all of their money in the cryptocurrency industry because they rarely acquire knowledge before they begin trading. In fact, many of them simply trade tokens that are advertised online by others without taking the time to do their own research and acquire enough
knowledge.Many beginners are impatient to succeed and neglect to gain good skill first. They believe that the cryptocurrency sector is a place where they can make money rapidly and so they don't think twice about doing so. Once really need knowledge in order to succeed in crypto industry.

Mistakes will always be mistakes, so we should learn to avoid them as they become unnecessary in the long run, though they can motivate us to be careful the next time and never do the same mistake again. But how can we avoid them? It’s hard to avoid mistakes but by being more knowledgeable and having more experience in the market, it will lessen the risk from committing mistakes. And by being extra cautious in all that we do, even not trusting others to do it for us, we will learn to get rid from committing mistakes.

It's hard to avoid mistakes when they don't realize what mistakes shouldn't be made.
The initial concept was that they should know that these crypto investments come with a high risk of losing money by several factors. Of course not only because of price volatility, but there are many other things that can result in financial losses.

Investment risks must be realized and should not be ignored, there can be many because they are all interrelated, including wallet security, poor web browsing habits and other things that are overlooked.

To be precise, it’s not just one mistake that beginners should avoid, but certainly all the mistakes should be at least be avoided as that will still lead to a loss in the future. And as long as you know the purpose of why you’re into crypto trading or investing, you should have set your goals first to learn more about your investment before you decide to enter on it so you can at least maximize your profits and reduce the amount of your losses.

I think what’s more important here is that they will not be consistent in repeating the same mistakes again as those mistakes are only good at the beginning and should only serve as a motivation to learn more and discover more. And remember OP, we should not only focus to a single mistake but all mistakes in general and correct them so we won’t be losing our money again because we fail to avoid them.

That is definitely understood already. Not repeating the same mistakes. It just means that they didn't understand what they did wrong and they just keep repeating the mistake over and over again. That's not going to be healthy for them and would probably lead them to lose money like you said. Corrective actions should be done.

I think using high leverage for future trading is risky if trader don't have experience about crypto trading ,and also following paid and free signals using without proper idea about market causes to lost their funds. Practicing paper trading will be good for beginners get an idea about future trading before they enter the market.

I can only think of one thing and it is the wrong conception about trading which is you can become successful and profitable tradeer if you master technical analysis, that kind of idea is wrong because professional traders understand that the key for trading success and good performance in trading is not about doing good technical analysis but actually about how you think as a trader or in simplest form, It is the trading psychology. The trading psychology is really broad and newbies should understand the nature of the trading wherein there is no sure win because there is always uncertainty in the market wherein there are unknown factors that can invalidate all of your prediction, analysis and bias.

Risk management is also important, I saw a lot of newbies who are putting their money with allocation of 100% without having a entry point, cut loss, target profit, trail stop or even compute about how much margin that they should put. It is the reason why many new traders easily lose their money because they do not have a proper risk management that they should use to maximize their gains and also to protect their capital.

Well, before mentioning the mistakes to avoid, I would like to give some tips to new traders.
To begin with, some crypto books are definitely useful  but they are enough to guarantee a profit and success in this field. In my opinion, the keys to succeed in trading field are knowledge , it could by learning technical analyses, reading crypto charts and understanding the candlesticks signals and chart patterns. Furthermore,being disciplined and having a high self-control are extremely necessary. Plus, it is important to practice preferably with a low budget in case you are a newbie to avert the risk of loss.

In addition to that, let me write you down the most mistakes you should avoid :
 ⁃ Don’t purchase or invest more you can afford to lose
 ⁃ Never start with large budget and lack of knowledge
 ⁃ Pick a secure exchange to trade in, preferably a decentralized one and if you're into long term investement, put your money in hardware wallet.
 ⁃ Create a strong password and save the private key in a safe place
 ⁃ Beware of shit or scam coins and don't get manipulated by influencers who support and promote them.
 ⁃ Never over complicate your trading strategy.
 

No matter how good trader you are, there's no such thing on making yourself that get exempted when we do speak about risks specially on dealing with futures using up high leverage.We arent that dumb not to know

on what are the imposed risks on your capital on using up high leverage.This is where some newbies do really fall on, on the time that they do consider out future trading without going along or familiarizing with spot
trading. Newbies should be aware on what are those common risks that they would be dealing along the way, be sensible and be aware on what are the things which are realistic
and dont rush up yourself on making huge profits because it would really just simply lead to huge problem later on.

I think it's so common for beginners/newbies to make mistakes when starting crypto trading, they may pick the wrong trading platform, which probably it could be a scam or invest in trash coins. However, as the saying people learn from their own mistakes. I believe that no one is perfect, and everyone makes mistakes. The important thing is to learn from them and avoid making the same mistakes in the future for your own benefit.

It's important to pick the right trading platform and comprehend how the cryptocurrency market operates. Consequently, before making an online investment or putting your cryptocurrency in risk, it is advisable to do extensive research on any new cryptocurrency you are unfamiliar with.

The biggest mistakes that can be made with newbies is indecision, that is, they place an order and see that they are losing and lose, then they stop it and lose, change to the opposite direction and what they do is make it go better Even worse, this is something that newbies always do, they also tend to lose patience very quickly, so when they see these results is when they begin to lose and lose, when they see it is that they have already lost a large part of their capital and cannot Recover,that They are the big mistakes that occur in a novice.

The risk of picking the wrong platform has been reduced since the popular exchange platform are now easily accessible to everyone wanting to begin trading. Those that still fall victims to those scam exchange are those would don't do their research properly. With just few click away you'll get recommendations like Binance, Coinbase etc which are good exchanges.

As a newbie you should avoid unpopular exchanges as this newly launched ones has no reputation yet and can disappear with your trading capital but the popular and old ones won't risk their reputation for just few dollars that they'll be stealing from you if they were to run away with your money.

Then it has to say that newbies are listening after all. Because why we should have to let ourselves fall into scam exchanges when there is a way not to happen in the first place? Too sad, but usually we learn after committing mistakes and experiencing losses. But I never blame such things because we are not perfect but good to see that there is a decrease in individuals who fall into scam sites and have now been more cautious with their actions and decision-making. Well, at least we know that we started not to give room for these scammers in the crypto space.

This is the biggest mistake that beginners can ever make because they won't even be able to tell that these exchanges have higher fees or that the transaction times are slower than a snail. In addition, the exchange rates that are terrible. Inappropriate crypto exchange platforms are a cesspool for all sorts of security breaches - hacks, identity theft, etc.

Dear beginners, ask your friends to recommend top exchange platforms and follow up with other questions too. It is better you learn from the experience or mistakes of others than your as it will save you time.