$ETH

Here are five common mistakes that crypto beginners often make:

1. Lack of Research: Many beginners jump into trading without fully understanding the cryptocurrency market or the specific coins they're investing in. It's essential to do thorough research on the technology, use cases, and market trends.

2. Ignoring Security: Beginners sometimes overlook the importance of securing their investments. Using weak passwords, not enabling two-factor authentication, or keeping funds on exchanges instead of wallets can lead to losses. Always prioritize security measures.

3. Emotional Trading: Trading based on emotions like fear or greed can lead to poor decision-making. Beginners might panic sell during market dips or FOMO (fear of missing out) buy during price surges. It's important to stick to a trading strategy.

4. Overtrading: Some beginners make the mistake of trading too frequently, hoping to capitalize on small price movements. This can lead to increased transaction fees and potential losses. It's better to have a well-thought-out plan.

5. Neglecting to Diversify: Investing all funds into one cryptocurrency can be risky. Beginners might not realize the importance of diversifying their portfolio to spread risk across different assets.

By being aware of these common mistakes, you can make more informed decisions as you explore platforms like Binance. If you have any more questions or need further details, feel free to ask!