Y Nation Daily Combo Today 6 November 2024
Week 4. Today’s Lesson 2 – Centralized Exchanges (CeFi): Operation and Basics
Q1: What is KYC?
A: A client identification procedure
Q2: Where do CEXs store users’ deposits?
A: In cold wallets
Q3: How do crypto withdrawal security measures work?
A: They delay withdrawal or ask for additional confirmation to proceed
Q4: What image is related to KYC?
A: Driver’s license picture
Open YNation Bot: https://t.me/y_nation_bot/start?startapp=HJ3U6X
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Week 4. Today’s Lesson 2 – Centralized Exchanges (CeFi): Operation and Basics
Q1: What is KYC?
A: A client identification procedure
Q2: Where do CEXs store users’ deposits?
A: In cold wallets
Q3: How do crypto withdrawal security measures work?
A: They delay withdrawal or ask for additional confirmation to proceed
Q4: What image is related to KYC?
A: Driver’s license picture
Open YNation Bot: https://t.me/y_nation_bot/start?startapp=HJ3U6X
#YNation
