Mastering Cryptocurrency Exchanges
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Questions and Answers

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?

  • Cryptocurrency withdrawals
  • Cash payments
  • Credit card payments (correct)
  • Physical asset exchanges

    • 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?

    <p>Robinhood and eToro</p> Signup and view all the answers

    Do dedicated cryptocurrency exchanges such as Binance and Coinbase allow cryptocurrency withdrawals?

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

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