CEX Quiz Answers 4 January 2025
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1. How are cryptocurrencies described in contrast to CBDCs?
– Rebellious and decentralized
2. What analogy is used for the relationship between CBDCs and cryptocurrencies?
– Rule-followers and rebels coexisting
3. What do cryptocurrencies offer compared to CBDCs?
– Greater financial freedom and privacy
4. What can CBDCs allow governments to do?
– Monitor your transactions
5. Which type of transaction might CBDCs be better suited for?
– Daily, mundane transactions
6. What are CBDCs compared to in the video?
– The teacher’s pet in the finance class
7. What is the main takeaway from the video?
– CBDCs and cryptocurrencies are likely to coexist, serving different purposes
8. How does the video describe cryptocurrencies’ privacy advantage?
– They keep financial secrets private
9. What’s a key goal of CBDCs?
– Provide stability in digital transactions
10. How are CBDCs and cryptocurrencies similar?
– Both are digital currencies
11. What is one technological advantage cryptocurrencies have over CBDCs?
– Innovation like smart contracts and DeFi
12. How does the video describe the coexistence of CBDCs and cryptocurrencies?
– Like a reliable sedan and a flashy sports car
13. What does diversifying your portfolio mean?
– Investing in multiple cryptocurrencies
14. What do platforms like CEX.IO allow you to do?
– Start trading with small amounts like $20
15. What strategy does the video recommend for beginners with $20?
– Buy and hold onto your crypto
16. What does the video compare starting in crypto with $20 to?
– Planting a tiny seed in a digital garden
17. Why is continuous learning important in crypto?
– The crypto world is ever-evolving
18. What type of wallets are recommended to keep your crypto safe?
– Secure wallets like hardware wallets
19. Can you own a fraction of a Bitcoin with $20?
– Yes, you can buy fractions of Bitcoin
20. What does HODL stand for?
– Hold On for Dear Life
21. Why should you avoid checking prices constantly?
– It can be stressful and unnecessary
22. What is the minimum amount suggested to start your crypto journey in the video?
– $20
23. What is the best way to protect your $20 crypto investment?
– Use secure wallets and two-factor authentication
24. What is the overall takeaway from the video?
– Starting with $20 is possible, educational, and low-risk
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. How are cryptocurrencies described in contrast to CBDCs?
– Rebellious and decentralized
2. What analogy is used for the relationship between CBDCs and cryptocurrencies?
– Rule-followers and rebels coexisting
3. What do cryptocurrencies offer compared to CBDCs?
– Greater financial freedom and privacy
4. What can CBDCs allow governments to do?
– Monitor your transactions
5. Which type of transaction might CBDCs be better suited for?
– Daily, mundane transactions
6. What are CBDCs compared to in the video?
– The teacher’s pet in the finance class
7. What is the main takeaway from the video?
– CBDCs and cryptocurrencies are likely to coexist, serving different purposes
8. How does the video describe cryptocurrencies’ privacy advantage?
– They keep financial secrets private
9. What’s a key goal of CBDCs?
– Provide stability in digital transactions
10. How are CBDCs and cryptocurrencies similar?
– Both are digital currencies
11. What is one technological advantage cryptocurrencies have over CBDCs?
– Innovation like smart contracts and DeFi
12. How does the video describe the coexistence of CBDCs and cryptocurrencies?
– Like a reliable sedan and a flashy sports car
13. What does diversifying your portfolio mean?
– Investing in multiple cryptocurrencies
14. What do platforms like CEX.IO allow you to do?
– Start trading with small amounts like $20
15. What strategy does the video recommend for beginners with $20?
– Buy and hold onto your crypto
16. What does the video compare starting in crypto with $20 to?
– Planting a tiny seed in a digital garden
17. Why is continuous learning important in crypto?
– The crypto world is ever-evolving
18. What type of wallets are recommended to keep your crypto safe?
– Secure wallets like hardware wallets
19. Can you own a fraction of a Bitcoin with $20?
– Yes, you can buy fractions of Bitcoin
20. What does HODL stand for?
– Hold On for Dear Life
21. Why should you avoid checking prices constantly?
– It can be stressful and unnecessary
22. What is the minimum amount suggested to start your crypto journey in the video?
– $20
23. What is the best way to protect your $20 crypto investment?
– Use secure wallets and two-factor authentication
24. What is the overall takeaway from the video?
– Starting with $20 is possible, educational, and low-risk
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