Common Mistakes to Avoid When Using a Crypto Exchange
India, Oct. 8 -- AB Digital Media
New Delhi [India], October 8: When prices spike, everything feels urgent. You see a coin jump and want in immediately. That rush is usually how people lose money.
Trading on a crypto exchange isn't just picking a coin and hitting buy. You need to watch fees, security, order types, and normal price swings. Here are the mistakes worth avoiding.
1. Only Looking at the Advertised Fee
Many people choose an exchange based on headline rates alone. But your real cost includes spreads, withdrawal fees, and network costs too.
Before trading, check:
- Maker and taker fee schedules
- Deposit and withdrawal costs
- Blockchain gas or network fees
- The gap between buy and sell prices
- Funding rates, if tradi...
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