CEX Daily Quiz 3 November 2024
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 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
__
➡️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 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
__
➡️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
