Little Book of Pitfalls

Losing 10%+ on Meme Coins: New users often set slippage to 10-20% to buy a hype coin, but this means you instantly lose that % of your money. Scammers also use this to drain wallets via "honeypots".

Stuck Transactions & Lost ETH: Beginners often send ETH to a contract address or set gas too low, causing the transaction to stick for days. NEVER transfer all your ETH; always leave some for gas.

Forgot Memo = Lost Funds: Sending XRP/EOS to Binance without a Memo means your money goes to Binance global wallet but they don’t know it’s YOURS. Recovery takes weeks and costs fees.

Farming High APY = Losing Principal: You see 500% APY and deposit. The coin crashes 50%. You withdraw and realize you have less money than if you just held. High APY is often a trap to offset this loss.