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Question 1 of 30
1. Question
- Cryptocurrency is a centralized form of payment.
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Question 2 of 30
2. Question
- Banks can issue physical Bitcoin and other crypto to you.
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Question 3 of 30
3. Question
- Companies can issue their own cryptocurrency.
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Question 4 of 30
4. Question
- Dogecoin is a type of Bitcoin.
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Question 5 of 30
5. Question
- Blockchain is the technology that cryptocurrencies use to store transactions.
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Question 6 of 30
6. Question
- Cryptocurrencies are an inefficient way to transact payments because banks don’t like it.
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Question 7 of 30
7. Question
- A cryptocurrency wallet is used to hold cryptocurrency.
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Question 8 of 30
8. Question
- Since blockchain is the platform that records transactions, the need for a 3rd party intermediary, like a bank, is unnecessary.
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Question 9 of 30
9. Question
- Monero is one of the more difficult to trace cryptocurrencies.
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Question 10 of 30
10. Question
- Dogecoin was designed to compete directly with Bitcoin.
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Question 11 of 30
11. Question
- Litecoin was created as a result of a fork in Ethereum.
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Question 12 of 30
12. Question
- Bitcoin was the first decentralized cryptocurrency using blockchain technology for digital transactions.
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Question 13 of 30
13. Question
- Bitcoin has also been referred to as digital oil.
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Question 14 of 30
14. Question
- NFTs are not able to be replaced by any other identical token.
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Question 15 of 30
15. Question
- Blockchain & Bitcoin are the same things.
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Question 16 of 30
16. Question
- Crypto has the potential to make it easier and more efficient to transfer funds between parties.
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Question 17 of 30
17. Question
- Ripple was designed for financial institutions to scale digital payment processing capabilities globally.
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Question 18 of 30
18. Question
- Tether is highly volatile and mirrors the movement in Bitcoin.
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Question 19 of 30
19. Question
- Fiat currency is the physical form of cryptocurrency.
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Question 20 of 30
20. Question
- Cryptocurrency trading is heavily sentiment-based.
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Question 21 of 30
21. Question
- Cryptocurrencies are heavily regulated.
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Question 22 of 30
22. Question
- Most crypto trading platforms hold you to the PDT rule.
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Question 23 of 30
23. Question
- Every crypto platform has all currencies available to purchase.
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Question 24 of 30
24. Question
- Litecoin’s Scrypt algorithm is more energy-efficient than Bitcoin’s SHA-256 algorithm.
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Question 25 of 30
25. Question
- Gas is on the Bitcoin platform and refers to a unit of measurement for the effort of conducting transactions in the Bitcoin network.
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Question 26 of 30
26. Question
- DeFi is a movement encouraging alternatives to traditional, centralized forms of financial services.
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Question 27 of 30
27. Question
- A Bank is unnecessary when conducting cryptocurrency transactions.
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Question 28 of 30
28. Question
- Dogecoin was first created to poke fun at Bitcoin.
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Question 29 of 30
29. Question
- Market manipulation isn’t a factor to keep in mind when weighing risk & reward in cryptocurrency trading.
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Question 30 of 30
30. Question
- Deciding which coins you’re interested in buying is one way to help you determine where to set up your account.
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