Cryptocurrency Advantages - Disadvantages
Authored by David Turner
English
University
Used 20+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a danger associated with cryptocurrency?
Lack of Transparency in Transactions
High Transaction Fees
Difficulty in understanding how it works
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common method used to steal cryptocurrency?
Phishing scams
Social Engineering
Malware Attacks
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a risk associated with investing in cryptocurrency?
Security risks associated with exchanges
Lack of regulation
Opportunity to increase portfolio value
Extreme Volatility in Prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a danger of using cryptocurrency for illegal activities?
The risk of getting caught by law enforcement
The possibility of losing all invested funds
The potential for the cryptocurrency to be traced back to the user
None of them
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a potential risk associated with cryptocurrency mining?
High electricity costs
Difficulty in obtaining the necessary equipment
Environmental impact due to excessive energy consumption
Potential for massive capital gains
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of using cryptocurrency for online purchases?
Cryptocurrency transactions offer increased security and privacy for users
Cryptocurrency transactions are subject to high transaction fees
Cryptocurrency is not widely accepted by online merchants
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of using cryptocurrency?
Transactions are instant and irreversible
Transactions can be reversed if necessary
Transactions are subject to government regulation
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