Now that you’ve completed the ‘Introduction to Buying Cryptocurrency’ lesson, let’s test your knowledge! We strongly recommend completing this quiz before moving on to the ‘Introduction to Storing Cryptocurrency’ lesson.
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A cryptocurrency exchange is ____.CorrectIncorrect
True or false? You don’t need to verify an exchange’s legitimacy because they are all trustworthy and reputable.CorrectIncorrect
What’s the difference between a centralised (CEX) and decentralised exchange (DEX)?CorrectIncorrect
What does a cryptocurrency broker do?CorrectIncorrect
True or false? All exchanges support the same cryptocurrencies.CorrectIncorrect
When looking to buy cryptocurrency, which 3 things should you focus on? (Select all that apply.)CorrectIncorrect
True or false? You can use websites such as CoinGecko and CoinMarketCap to find out where to buy cryptocurrencies.CorrectIncorrect
True or false? When buying cryptocurrency, there is often no unanimous time when you should buy. Rather, it’s important to consider your personal plan and spend time in the market.CorrectIncorrect