**CEX Quiz Answers 21 November 2024**
**Open CEX IO Bot**: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What does CEX stand for?
– Centralized Exchange
2. What is the key takeaway about choosing between CEX and DEX?
– Don’t choose – combine
3. What was mentioned as a strength of CEX.IO? (http://CEX.IO/)
– Its consistent focus on security and user accessibility
4. What is one key feature of a CEX?
– High liquidity and user-friendly interfaces
5. Why do some traders prefer DEX platforms?
– For enhanced privacy and autonomy
6. What type of security measure is common on CEX platforms?
– Two-factor authentication and cold storage
7. How are CEX platforms responding to increased regulation?
– By prioritizing transparency and compliance
8. Why might beginners prefer a CEX?
– It offers tools like fiat gateways and integrated wallets
9. What trend combines the benefits of both CEX and DEX?
– Using both platforms
10. What is one of the main benefits of DEX?
– Users have more control over their funds
11. What makes transactions on CEX platforms faster?
– Their centralized infrastructure
12. What is a key challenge with using DEX platforms?
– Lower liquidity and a steeper learning curve
**Open CEX IO Bot**: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What does CEX stand for?
– Centralized Exchange
2. What is the key takeaway about choosing between CEX and DEX?
– Don’t choose – combine
3. What was mentioned as a strength of CEX.IO? (http://CEX.IO/)
– Its consistent focus on security and user accessibility
4. What is one key feature of a CEX?
– High liquidity and user-friendly interfaces
5. Why do some traders prefer DEX platforms?
– For enhanced privacy and autonomy
6. What type of security measure is common on CEX platforms?
– Two-factor authentication and cold storage
7. How are CEX platforms responding to increased regulation?
– By prioritizing transparency and compliance
8. Why might beginners prefer a CEX?
– It offers tools like fiat gateways and integrated wallets
9. What trend combines the benefits of both CEX and DEX?
– Using both platforms
10. What is one of the main benefits of DEX?
– Users have more control over their funds
11. What makes transactions on CEX platforms faster?
– Their centralized infrastructure
12. What is a key challenge with using DEX platforms?
– Lower liquidity and a steeper learning curve
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