No Security
Failing to secure your crypto wallets leaves your funds vulnerable to hacking and theft, leading to potential loss.

Ignoring Research
Investing in crypto without thorough research leads to poor choices and increased risk of loss in volatile markets.

Overlooking Scams
Not recognizing phishing scams, Ponzi schemes, or fake coins can result in devastating financial losses.

Private Key Misuse
Losing or mishandling your private key can permanently lock you out of your digital assets, with no recovery.

Exchange Reliance
Storing your cryptocurrency on exchanges exposes you to hacking or exchange collapse, risking total asset loss.

Market Timing
Trying to time the market for quick gains often leads to costly mistakes during high volatility swings.

No Backup Plan
Failing to backup your wallet or recovery phrase can result in permanent loss if your device fails or is lost.

Tax Ignorance
Not considering crypto tax obligations can lead to hefty fines or legal issues with tax authorities.

Chasing Hype
Jumping on trendy coins without understanding fundamentals can lead to substantial losses when the bubble bursts.