The Benefits of Decentralized Cryptocurrency Exchanges
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of decentralized exchanges over centralized ones?
They offer higher transaction speeds.
Users maintain control over their assets.
They provide better customer support.
They have lower transaction fees.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Airswap differ from traditional exchanges?
It charges higher fees.
It acts as a bank and broker.
It eliminates the need for a clearinghouse.
It only supports fiat currency transactions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a limitation of decentralized exchanges mentioned in the transcript?
They have higher security risks.
They require centralized fiat onramps.
They are not compatible with Ethereum.
They cannot handle large transaction volumes.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Airswap ensure compliance with regulations?
By avoiding control over user funds.
By having custody of assets.
By controlling user funds.
By partnering with centralized exchanges.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the impact of market downturns on Airswap's platform interest?
Interest has become negligible.
Interest has shifted to other platforms.
Interest has remained positive.
Interest has significantly decreased.
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