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Mastering Crypto Trading
Test your knowledge on cryptocurrency trading with these engaging questions.
What is the main benefit of using decentralized finance (DeFi)?
Elimination of intermediaries
Increased transaction fees
Limited access to financial services
Centralized control
What is the purpose of a blockchain in cryptocurrency?
To store data securely
To manage social media accounts
To create digital art
To facilitate online shopping
What is a smart contract?
A self-executing contract with the terms directly written into code
A type of cryptocurrency
A digital wallet for storing cryptocurrencies
A trading platform for cryptocurrencies
Which of the following is a popular trading strategy?
Long-term investing
All of the above
Day trading
Scalping
What is a cryptocurrency?
A government-issued currency
A type of digital currency
A stock
A physical coin
What is the primary function of a cryptocurrency wallet?
To trade cryptocurrencies
To create smart contracts
To mine new coins
To store and manage private keys
What does HODL mean in crypto trading?
Hedge On Daily Losses
High Order Digital Ledger
None of the above
Hold On for Dear Life
Finish Attempt
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