Chapter 15: The Best Exchanges for Cryptocurrency Trading

Question 1

Centralised Exchange

Answer 1

includes Binance, Gemini, Coinbase, and Kraken

Question 2

Centralised Exchanges require identification and registration or what is more commonly referred to as the _____ rule

Answer 2

KYC

Question 3

you have to withdraw your money if it reaches a large _____

Answer 3

sum

Question 4

you should also store your ______ money properly

Answer 4

digital

Question 5

decentralised exchange

Answer 5

no KYC is needed

Question 6

Coinbase + Coinbase Pro’s disadvantages include lack of control in _______ keys, high fees associated when not using the Pro version and fewer trading options for altcoins

Answer 6

wallet

Question 7

Coinbase also has insured custodial wallets that traders and _______ can use to keep their investments

Answer 7

investors

Question 8

Coinbase retains _______ of the private keys

Answer 8

ownership

Question 9

this exchange is considered to be the best option for altcoin traders

Answer 9

Binance

Question 10

Binance’s fees are .1% for the side of the _____ (seller) +. 1% for the taker (buyer)’s side

Answer 10

maker

Question 11

Binance _________ .02% trade volume

Answer 11

comprises

Question 12

fees can be lowered by 25% using BNB (?)

Answer 12

native cryptocurrency of Binance

Question 13

Binance has _____ charting, low fees, and a vast array of trading pairs

Answer 13

advanced

Question 14

Binance is also more ideal for __________ traders

Answer 14

experienced

Question 15

An additional exchange

Answer 15

BISQ