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