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Questions and Answers
Which of the following is a function of a cryptocurrency exchange?
Which of the following is a function of a cryptocurrency exchange?
- Converting digital currency balances into fiat money
- Providing credit card payment services
- Allowing customers to trade cryptocurrencies for other assets (correct)
- Charging transaction fees for its services
Which of the following payment methods are commonly accepted by cryptocurrency exchanges?
Which of the following payment methods are commonly accepted by cryptocurrency exchanges?
- Cryptocurrency withdrawals
- Cash payments
- Credit card payments (correct)
- Physical asset exchanges
What distinguishes a market maker cryptocurrency exchange from a matching platform?
What distinguishes a market maker cryptocurrency exchange from a matching platform?
- Matching platforms charge fees for their services
- Matching platforms focus on other assets such as stocks
- Market makers allow cryptocurrency withdrawals
- Market makers take bid-ask spreads as transaction commission (correct)
Which of the following brokerages allow users to purchase but not withdraw cryptocurrencies to cryptocurrency wallets?
Which of the following brokerages allow users to purchase but not withdraw cryptocurrencies to cryptocurrency wallets?
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Do dedicated cryptocurrency exchanges such as Binance and Coinbase allow cryptocurrency withdrawals?
Do dedicated cryptocurrency exchanges such as Binance and Coinbase allow cryptocurrency withdrawals?
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