Cryptocurrency Trading Types

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Questions and Answers

What type of trading allows you to bet on the price changes of crypto without possessing the underlying currency?

  • CFD trading (correct)
  • Spot trading
  • Margin trading
  • Futures trading

What type of exchange is owned and operated by a company?

  • Decentralized exchange
  • Margin exchange
  • Centralized exchange (correct)
  • Spot exchange

What type of account is used for speculating on the price movements of any given cryptocurrency?

  • CFD account (correct)
  • Exchange account
  • Margin account
  • Spot account

What is the primary purpose of a centralized crypto exchange?

<p>To set the rules and fees (B)</p> Signup and view all the answers

What type of trading is considered a type of derivative?

<p>CFD trading (A)</p> Signup and view all the answers

What type of trading involves buying and selling the underlying coins via an exchange?

<p>Spot trading (B)</p> Signup and view all the answers

What is the primary purpose of a decentralized crypto exchange?

<p>To facilitate transactions (A)</p> Signup and view all the answers

What type of trading involves speculating on the price movements of any given cryptocurrency?

<p>CFD trading (A)</p> Signup and view all the answers

What type of account is used to bet on the price changes of crypto without possessing the underlying currency?

<p>CFD account (A)</p> Signup and view all the answers

What type of exchange is considered centralized?

<p>Centralized exchange (C)</p> Signup and view all the answers

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