100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Module #19. Cryptocurrency foolproof me study guide Questions with correct Answers $11.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Foolproof
  4.  
  5. Foolproof

Exam (elaborations)

Module #19. Cryptocurrency foolproof me study guide Questions with correct Answers
 11 views  0 purchase
  • Course
  • Foolproof
  • Institution
  • Foolproof

Module #19. Cryptocurrency foolproof me study guide Questions with correct Answers Some crypto exchanges allow their customers to "employ leverage", and why is this not a good idea, according to FoolProof? What best describes this sentence? C. You can use borrowed money to increase the potential ...

[Show more]

Preview 1 out of 3  pages

Document information

  • September 11, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • module 19 cryptocurrency foolproof me study guid
  • some crypto exchanges allow their customers to em
  • if you used fiat currency like our us dollar t
  • how do you recognize a potential pump and dump sch

Written for

  • Foolproof
  • Foolproof

Seller

avatar-seller
julianah420

Reviews received

Content preview

Module #19. Cryptocurrency foolproof
me study guide Questions with correct
Answers

Some crypto exchanges allow their customers to "employ leverage", and why is this not
a good idea, according to Foolproof? What best describes this sentence? – answer C.
You can use borrowed money to increase the potential return of an investment. Seeing
the volatile nature of cryptos, your debt can quadruple in minutes.

What is a stablecoin? - answer A. A crypto that is attached to another currency's value.

You have your crypto portfolio (all the different cryptos you own) in a cold wallet (not
connected) at a custodial crypto exchange (like Coinbase). Are your cryptos FDIC
insured? – answer B. No.

When does a token become a coin? – answer B. When its own blockchain is developed
to record the transactions on.

If you used fiat currency - like our US dollar - to just buy crypto assets, you do not have
to report anything about it on your return. - answer True.

What characterizes a crypto broker? – answer D. Buying and selling of cryptos, as well
as trading.

How do you recognize a potential pump and dump scheme in a chart price trend? –
answer B. The price is relatively low for a while, after which a sharp price rise occurs,
followed by a sharp sudden fall, creating a sharp "peak" in the chart.

What's the difference between a custodial and a non-custodial wallet? – answer C. With
custodial wallets, the private key is held by a third party. With non-custodial wallets,
users are themselves responsible and in full control of their assets.

Which statements characterize Decentralized Finance (DeFi)? Select the best answer.
– answer G. All of the Above.

You have a certain amount of anonymity, and sometimes even full anonymity.

The money streams are transparent and for everyone to see.

No need for a central bank or government to approve transactions.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart