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Crypto Exchanges 101 Quiz

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Crypto Exchanges 101: a General level Cryptocurrency quiz. Test your knowledge with 9 questions!

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Questions

Question 1

What is the role of an exchange's 'order book'?

A To list buy and sell orders

B To track user passwords

C To store physical cash

D To calculate mining rewards

Question 2

What does 'KYC' stand for in crypto?

A Knowledge Yield Capital

B Keep Your Coins

C Key Yearly Check

D Know Your Customer

Question 3

What is a 'centralized exchange' (CEX)?

A A platform run by a company

B A peer-to-peer network

C A website with no owners

D A government-owned bank

Question 4

What is a 'wallet' used for on an exchange?

A Paying taxes automatically

B Printing paper money

C Storing your digital assets

D Buying physical groceries

Question 5

What happens when you withdraw crypto from an exchange?

A It is permanently deleted

B It moves to your private wallet

C It turns into fiat currency

D The bank takes a percentage

📋 This quiz has 9 questions in total.