Crypto Trading Types and CFDs

AdventuresomeChrysoprase avatar
AdventuresomeChrysoprase
·
·
Download

Start Quiz

Study Flashcards

Questions and Answers

What is CFD trading?

A type of derivative

What is a centralized crypto exchange?

A company-owned and operated exchange

What type of trading speculates on the price movements of any given cryptocurrency?

CFD trading

Which of these is not a type of crypto trading?

<p>Stock trading</p> Signup and view all the answers

What type of account do you need for CFD trading?

<p>A contract for difference account</p> Signup and view all the answers

What is the advantage of CFD trading?

<p>You can bet on the price changes without possessing the underlying currency</p> Signup and view all the answers

What type of exchange is considered centralized?

<p>A company-owned and operated exchange</p> Signup and view all the answers

What is the disadvantage of a centralized crypto exchange?

<p>The company sets the rules and fees</p> Signup and view all the answers

What type of trading does not require you to own the underlying currency?

<p>CFD trading</p> Signup and view all the answers

What type of account do you need for buying and selling the underlying coins?

<p>An exchange account</p> Signup and view all the answers

More Quizzes Like This

Cryptocurrency Trading and Options Quiz
10 questions
Cryptocurrency Trading and Options Quiz
10 questions
Cryptocurrency Trading and Options Quiz
10 questions
Cryptocurrency Trading Basics
10 questions

Cryptocurrency Trading Basics

AdventuresomeChrysoprase avatar
AdventuresomeChrysoprase
Use Quizgecko on...
Browser
Browser