Cryptocurrency Advantages - Disadvantages

Which of the following is a danger associated with cryptocurrency?

• Lack of Transparency in Transactions

• High Transaction Fees

• Difficulty in understanding how it works

• All of the above

Which of the following is a common method used to steal cryptocurrency?

• Phishing scams

• Social Engineering

• Malware Attacks

• All of the above

Which of the following is not a risk associated with investing in cryptocurrency?

• Security risks associated with exchanges

• Lack of regulation

• Opportunity to increase portfolio value

• Extreme Volatility in Prices

Which of the following is a danger of using cryptocurrency for illegal activities?

• The risk of getting caught by law enforcement

• The possibility of losing all invested funds

• The potential for the cryptocurrency to be traced back to the user

• None of them

Which of the following is not a potential risk associated with cryptocurrency mining?

• High electricity costs

• Difficulty in obtaining the necessary equipment

• Environmental impact due to excessive energy consumption

• Potential for massive capital gains

What is one benefit of using cryptocurrency for online purchases?

• Cryptocurrency transactions offer increased security and privacy for users

• Cryptocurrency transactions are subject to high transaction fees

• Cryptocurrency is not widely accepted by online merchants

What is one benefit of using cryptocurrency?

• Transactions are instant and irreversible

• Transactions can be reversed if necessary

• Transactions are subject to government regulation

Which of the following is a benefit of using cryptocurrency?

• Cryptocurrency is widely accepted by merchants around the world

• Cryptocurrency can be easily counterfeited

• Cryptocurrency offers increased security and privacy for users

What advantage does cryptocurrency offer over traditional currency?

• Cryptocurrency can be physically held and exchanged

• Cryptocurrency is not subject to inflation or government manipulation

• Cryptocurrency can be easily stolen or lost

Which of the following is a proof-of-stake cryptocurrency?

• Dogecoin

• Tether

• Bitcoin

• Ethereum