CEX Daily Quiz 3 November 2024
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Task:”Top 4 Ways to Make Money with Crypto: Staking, Trading & More!”
1.What does HODLing involve?
Holding onto crypto and waiting
2.What is said about stablecoins?
They’re like a safe zone in crypto
3.What does CEX.IO offer for holding assets?
Secure storage and staking options
4.What type of cryptocurrency is suggested for stability?
Stablecoins
5.What analogy is used for HODLing in the video?
Planting a tree and waiting for a forest
6.Who is HODLing recommended for?
Those who believe in the long game
7.Staking is described as similar to what kind of plant?
A money plant
8.What is staking compared to in the video?
A savings account
9.What is trading compared to in the video?
A video game
10.What do you need to do to start earning rewards with staking on CEX.IO?
Simply hold your crypto
11.What is recommended for those new to trading?
Practice on a demo account
12.What is the key principle of trading according to the video?
Buy low, sell high
_
Task:”Crypto Safety Tips You NEED to Know Before It’s Too Late”
1.What is recommended to protect yourself while using public Wi-Fi?
Using a VPN
2.What does the plot suggest VPNs do when used on public Wi-Fi?
Make you invisible to hackers
3.Why should you be cautious about downloading crypto-related apps?
Some fake apps are designed to steal your crypto
4.Why is using public Wi-Fi for crypto transactions risky?
Hackers can access unprotected data
5.What is two-factor authentication (2FA) compared to in the plot?
An extra lock on your door
6.What should you check before downloading an app?
Reviews and the developer
7.Why is 2FA important for your crypto accounts?
It adds an extra layer of security
8.What is the first step to staying safe in the crypto world?
Use strong passwords
9.Which of these methods can be used for 2FA?
Email, app, text code
10.What’s a recommended tool to help you create strong passwords?
Password manager
11.What’s a reason to avoid simple passwords like “123456” or “password”?
They are easy for hackers to guess
12.What is the main theme of the safety tips in the plot?
Crypto security practices
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Task:”The 5 Scariest Cryptocurrency Failures: A Halloween Special”
1.What does the narrator say about the crypto world?
It can be thrilling and terrifying
2.What does the narrator wish for viewers’ investments?
May they be ever in their favor
3.What did investors discover about OneCoin?
They had been trapped in a nightmare
4.What did Mt. Gox infamously lose?
About 850,000 Bitcoins
5.What overall message is conveyed about cryptocurrency?
Always be cautious and informed
6.What tone is used throughout the video?
Light-hearted and humorous
7.What should viewers do according to the narrator?
Stay informed and do research
8.What was the outcome of the DAO hack?
$60 million worth of Ether was stolen
9.How is Cryptopia described after the hack?
As a ghost town
10.What happened with BitConnect?
It promised high returns and then collapsed
11.What is the main topic of the video?
Scary cryptocurrency failures
12.What was OneCoin really known as?
A pyramid scheme
Open CEX Bot: https://wpshort.com/cexio
#CEXQuiz #CEXIOQuiz
Task:”Top 4 Ways to Make Money with Crypto: Staking, Trading & More!”1.What does HODLing involve?
Holding onto crypto and waiting2.What is said about stablecoins?
They’re like a safe zone in crypto3.What does CEX.IO offer for holding assets?
Secure storage and staking options4.What type of cryptocurrency is suggested for stability?
Stablecoins5.What analogy is used for HODLing in the video?
Planting a tree and waiting for a forest6.Who is HODLing recommended for?
Those who believe in the long game7.Staking is described as similar to what kind of plant?
A money plant8.What is staking compared to in the video?
A savings account9.What is trading compared to in the video?
A video game10.What do you need to do to start earning rewards with staking on CEX.IO?
Simply hold your crypto11.What is recommended for those new to trading?
Practice on a demo account12.What is the key principle of trading according to the video?
Buy low, sell high_
Task:”Crypto Safety Tips You NEED to Know Before It’s Too Late”1.What is recommended to protect yourself while using public Wi-Fi?
Using a VPN2.What does the plot suggest VPNs do when used on public Wi-Fi?
Make you invisible to hackers3.Why should you be cautious about downloading crypto-related apps?
Some fake apps are designed to steal your crypto4.Why is using public Wi-Fi for crypto transactions risky?
Hackers can access unprotected data5.What is two-factor authentication (2FA) compared to in the plot?
An extra lock on your door6.What should you check before downloading an app?
Reviews and the developer7.Why is 2FA important for your crypto accounts?
It adds an extra layer of security8.What is the first step to staying safe in the crypto world?
Use strong passwords9.Which of these methods can be used for 2FA?
Email, app, text code10.What’s a recommended tool to help you create strong passwords?
Password manager11.What’s a reason to avoid simple passwords like “123456” or “password”?
They are easy for hackers to guess12.What is the main theme of the safety tips in the plot?
Crypto security practices__
Task:”The 5 Scariest Cryptocurrency Failures: A Halloween Special”1.What does the narrator say about the crypto world?
It can be thrilling and terrifying2.What does the narrator wish for viewers’ investments?
May they be ever in their favor3.What did investors discover about OneCoin?
They had been trapped in a nightmare4.What did Mt. Gox infamously lose?
About 850,000 Bitcoins5.What overall message is conveyed about cryptocurrency?
Always be cautious and informed6.What tone is used throughout the video?
Light-hearted and humorous7.What should viewers do according to the narrator?
Stay informed and do research8.What was the outcome of the DAO hack?
$60 million worth of Ether was stolen9.How is Cryptopia described after the hack?
As a ghost town10.What happened with BitConnect?
It promised high returns and then collapsed11.What is the main topic of the video?
Scary cryptocurrency failures12.What was OneCoin really known as?
A pyramid scheme
