Crypto Asset Security Quiz
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Questions and Answers

What is the best way to protect your crypto assets?

  • Keeping them with a centralized exchange (CEX
  • Using a hardware wallet (correct)
  • Storing your seed phrase in a safe place
  • Connecting to sites you trust
  • What should you do to ensure the security of your decentralized wallet?

  • Keeping them with a centralized exchange (CEX
  • Using a hardware wallet
  • Storing your seed phrase in a safe place
  • Using a code auditor (correct)
  • What is the main risk associated with crypto assets?

  • Inflation
  • Theft (correct)
  • Volatility
  • Manipulation
  • What should you do to ensure the security of your crypto assets?

    <p>Storing your seed phrase in a safe place</p> Signup and view all the answers

    What is the best way to protect your decentralized wallet?

    <p>Connecting to sites you trust</p> Signup and view all the answers

    What is the most important step to take when storing crypto assets?

    <p>Storing your seed phrase in a safe place</p> Signup and view all the answers

    What should you do to secure your crypto assets?

    <p>Using a hardware wallet</p> Signup and view all the answers

    What is the most effective way to protect your crypto assets?

    <p>Using a hardware wallet</p> Signup and view all the answers

    What should you do to ensure the security of your crypto assets?

    <p>Using a code auditor</p> Signup and view all the answers

    What is the main danger of keeping crypto assets with a centralized exchange (CEX)?

    <p>Theft</p> Signup and view all the answers

    Study Notes

    • Crypto assets are susceptible to theft, whether you keep them with a centralized exchange (CEX) or a decentralized wallet.
    • To protect your assets, you should establish a secure infrastructure, such as using a hardware wallet and storing your seed phrase in a safe place.
    • For decentralized wallets, you should also only connect to sites you trust and use a code auditor to ensure the security of your holdings.

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    Description

    Test your knowledge on safeguarding crypto assets, including securing infrastructure, using hardware wallets, and protecting seed phrases for centralized and decentralized wallets.

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