1) Sending all your money to a platform or address you're using for the first time.
Always test new platforms or addresses with small amounts. No exceptions.
2) Sending to the wrong address
Always double check your address. But if you followed the rule above, this mistake won't cost you a lot.
3) Spending 200$ in fees for sending 5$ because you accidentally choose too high fees.
Always make sure your fees do not exceed the amount you're sending.
4) Losing your private keys
Save Guard your private keys, you are your own bank.
5) Not using 2Factor Authentication on your crypto exchange account
It's not enough to only use email verification to secure your accounts, you must go further.
6) Using the same passwords for all exchanges
This is obvious, if someone gets into one of your exchange accounts, they could get into all.
7) Sending Bitcoin to Bitcoin Cash address:
Some coins have similarly looking addresses, always check.
8) Buying the Top and Selling the bottom
Buy low, sell high. No exceptions.
9) Investing in coins without doing my own research
Do Your Own Research on any project you intend to invest in. You need to be convinced by the facts before you buy any coin. See this article
10) Not Joining read.cash earlier 😅
Did you find this article useful? If so please subscribe, upvote so I know you did! What other mistakes have you made being in the crypto sphere? Let me know in the comments. Cheers!
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