Bitcoin Payment Method Quiz
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Questions and Answers

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?

  • Slow transaction processing times
  • Lack of privacy
  • High transaction fees (correct)
  • Low security

    • What is the maximum number of Bitcoins that can ever exist?

  • 100 million
  • 1 billion
  • 10 million
  • 21 million (correct)

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