Crypto Trading Review and Assessment 5

Question 1

Storing crypto in a wallet not connected to the internet is called:

Accepted Answer

Cold storage

Answer

Hot storage

Answer

Margin storage

Answer

Liquidity provision

Question 2

What is the safest practice for your exchange account?

Accepted Answer

Enable two-factor authentication

Answer

Share your password with support

Answer

Reuse passwords across sites

Answer

Disable all security alerts

Question 3

'Not your keys, not your coins' warns against:

Accepted Answer

Leaving assets in custodial control you don't own keys to

Answer

Buying too many altcoins

Answer

Using limit orders

Answer

Trading on weekends

Question 4

A sudden coordinated buy followed by mass selling to dump on latecomers is a:

Accepted Answer

Pump-and-dump scheme

Answer

Hard fork

Answer

Staking pool

Answer

Limit order

Question 5

FOMO in trading often leads to:

Accepted Answer

Buying at local tops out of fear of missing out

Answer

Disciplined entries

Answer

Lower transaction fees

Answer

Guaranteed profits

Question 6

In the US, selling crypto at a profit generally triggers:

Accepted Answer

A capital gains tax event

Answer

No tax obligation ever

Answer

An automatic exchange ban

Answer

A mandatory staking lock

Question 7

A message urging you to 'verify your wallet' via an unknown link is most likely:

Accepted Answer

A phishing attempt

Answer

A legitimate airdrop

Answer

A funding rate update

Answer

A standard KYC step