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10 Questions

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Crypto Trading Types and CFDs

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Questions and Answers

What is CFD trading?

A type of cryptocurrency

A type of derivative (correct)

A type of contract

A type of exchange

What is a centralized crypto exchange?

A type of cryptocurrency

A type of derivative

A company-owned and operated exchange (correct)

A type of contract

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

CFD trading (correct)

Exchange trading

Derivative trading

Contract trading

Which of these is not a type of crypto trading?

Stock trading Signup and view all the answers

What type of account do you need for CFD trading?

A contract for difference account Signup and view all the answers

What is the advantage of CFD trading?

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

What type of exchange is considered centralized?

A company-owned and operated exchange Signup and view all the answers

What is the disadvantage of a centralized crypto exchange?

The company sets the rules and fees Signup and view all the answers

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

CFD trading Signup and view all the answers

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

An exchange account Signup and view all the answers