cex.io Quiz Answers Today 19th December 2024

cex.io Quiz Answers Today 19 December 2024

1. Who does the narrator say you should be?
The fool who’s right

2. Which investment guarantees long-term value?
Education

3. What is the “real goal” according to the video?
Transformation

4. What is Bitcoin said to have introduced?
A seed of disruptive innovation

5. What’s described as “permanent and transferable”?
Skills

6. What does the narrator call education?
A future-proof portfolio

7. What happens to skills over time?
They grow in value

8. What does the narrator suggest investing in?
Skills and knowledge

9. What does the narrator say to “forget”?
Speculation

10. What will always stay in the green?
Your skills

11. What does the narrator compare skills to?
Staking with guaranteed returns

12. What is compared to planting a forest?
Education

How CEX.IO Works:

1. Account Setup:

• Users must create an account on CEX.IO by registering with an email address or phone number.
• KYC (Know Your Customer) verification is required for most services to ensure compliance with regulations.

2. Buying and Selling Cryptocurrencies:

• Buy Crypto: Users can purchase cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others using:
  • Credit or debit cards.
  • Bank transfers (SWIFT, SEPA, etc.).
  • Payment services (depending on the region).
• Sell Crypto: Users can convert their cryptocurrencies into fiat currencies like USD, EUR, or GBP.

3. Trading:

• Spot Trading: Trade cryptocurrencies in real-time on the market.
• Margin Trading: Leverage funds to trade larger positions, suitable for advanced traders.
• Crypto-to-Crypto Trading: Exchange one cryptocurrency for another without converting to fiat.

4. Staking Services:

• CEX.IO allows users to stake certain cryptocurrencies, earning rewards for holding them in their accounts.

5. Features for Advanced Users:

• API Integration: For automated trading strategies.
• CEX.IO Broker: A platform for margin trading with advanced tools.
• Fiat and Crypto Wallets: Securely store and manage assets.

6. Security and Compliance:

• CEX.IO employs strong security measures, such as two-factor authentication (2FA), anti-phishing protection, and cold storage of funds.
• The platform adheres to global financial regulations, ensuring a safe and compliant trading environment.

Advantages of CEX.IO:

• User-friendly interface for beginners.
• Multiple payment methods.
• Advanced trading options for experienced users.
• Support for a wide range of cryptocurrencies.

CEX.IO is an all-in-one platform for managing your crypto journey, whether you're investing for the first time or actively trading.

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