Even experienced crypto users can make costly mistakes on Solana. Here are the most common pitfalls and how to avoid them.
Top Wallet Mistakes
- 🔹 Insufficient SOL for Fees - Always keep at least 0.01 SOL for transaction fees
- 🔹 Ignoring Rent Requirements - New accounts need ~0.002 SOL to remain active
- 🔹 Creating Unnecessary Token Accounts - Each token interaction creates a new account
- 🔹 Not Backing Up Seed Phrases - Store multiple copies in secure locations
Security Mistakes
- 🔹 Connecting to suspicious dApps
- 🔹 Sharing seed phrases or private keys
- 🔹 Not verifying transaction details before signing
- 🔹 Using the same wallet for everything
Being aware of these mistakes can save you significant time and money.