People have been increasingly investing in cryptocurrency, a form of digital currency. Some reasons behind its popularity include the near impossibility of counterfeiting or double spending, cheaper and quicker money transfers, and decentralized systems that don’t collapse due to central issues. Given its quick rise to fame, the market remains volatile, leading to several costly errors. Here are some mistakes to avoid when selling or investing in cryptocurrency to avoid losing money with these investments. Ignoring trading costs Market traders make several trades in a day. However, all these trades are not free; they often have a transaction fee. Some payment portals may also charge more for every deposit or withdrawal. Keep an eye out for these costs, which could add up over time and affect profits. Not working with a trading strategy Without a pre-set trading strategy, one is more likely to run into losses. A trading strategy lets one define how to pick tokens and when to buy or sell them. What’s more, this makes trading much easier in the long run. Forgetting about portfolio tracking Another common mistake people make is leaving their investments. Keep tabs on the portfolio by tracking returns regularly. Study the state of the market as well to edit trades as needed and maximize returns.