Top 3 Mistakes Beginners Make When Trading Crypto (And How to Avoid Them)

Crypto can be exciting, but it can also be confusing, especially at the start. Many beginners jump in with good intentions but make simple mistakes that can cost them.

Here are the top 3 beginner crypto mistakes, and how you can trade smarter.

1. Forgetting to Count Fees

Every trade has fees whether from exchanges, gas (for Ethereum), or withdrawal charges. These fees reduce your profit, and if you’re not tracking them, you may think you earned more than you actually did.

Tip: Use a tool like our profit calculator where you can include fees and get an accurate estimate.

2. Buying Because of FOMO

FOMO (Fear of Missing Out) is real in crypto. When a coin’s price starts skyrocketing, people rush to buy but often too late. This can lead to losses if the price drops soon after.

Tip: Take your time. Research, understand trends, and don’t let hype make your decisions for you.

3. Not Tracking Your Buy and Sell Prices

You can’t know if you’ve made a profit unless you track how much you paid and how much you earned. If you forget, you’re just guessing.

Tip: Keep a simple record of your trades or use a tool like our calculator to enter values and track your gains.

Learn From Small Wins

Crypto doesn’t have to be all or nothing. Starting small, tracking carefully, and using tools can help you avoid beginner crypto trading mistakes and build your confidence.

Want to test your next trade idea?

Try out our Crypto Profit Calculator and see your profit instantly.