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Questions and Answers
Which of the following is a benefit of using Bitcoin as a payment method?
Which of the following is a benefit of using Bitcoin as a payment method?
- Bitcoin is completely anonymous
- Bitcoin is widely accepted
- Transactions are instant (correct)
- Bitcoin is regulated by governments
What is a potential disadvantage of using Bitcoin for payments?
What is a potential disadvantage of using Bitcoin for payments?
- Slow transaction processing times
- Lack of privacy
- High transaction fees (correct)
- Low security
What is the maximum number of Bitcoins that can ever exist?
What is the maximum number of Bitcoins that can ever exist?
- 100 million
- 1 billion
- 10 million
- 21 million (correct)
