1. *Lack of Research*: Do not invest in a coin without understanding its potential, risks and market trends.
2. *Insufficient risk management*: Set stop-loss orders and don't overextend your account.
3. *Emotional trading*: Avoid making impulsive decisions based on emotions, stick to your strategy.
4. *Poor password management*: Enable 2FA and use strong, unique passwords.
5. *Phishing scams*: Beware of fake emails, websites and social media accounts.
6. *Unverified Investments*: Only invest in verified and reputable projects.
7. *Over-trading*: Avoid excessive buying and selling, leading to high fees.
8. *Lack of diversification*: Spread your investments across different asset classes.
9. *Ignore Fees*: Understand and consider Binance fees.
10. *Not Staying Informed*: Stay informed about market news, trends and regulatory changes.
By avoiding these common mistakes, you will be better equipped to navigate the cryptocurrency market and protect your investments on Binance.
