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