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Cryptocurrency Flashcards | StudBud

Explore/Cryptocurrency

Cryptocurrency

6 terms·StudBud Administration·13 plays

Test your knowledge on cybersecurity in the world of cryptocurrency with questions about scams, hacks, money laundering, and more.

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Questions 6

Answers

1
Which of the following statements about Bitcoin is FALSE?
Bitcoin suplly is limited to 21 million coins
Bitcoin Transactions are recorded permanently on a public ledger
Anyone can view the Bitcoin blockchain
Bitcoin transactions can be easily reversed if a mistake is made
2
What is Blockchain?
A messaging app
A decentralized digital ledger
A social media platform
Bitcoin
3
Crypto transactions are always anonymous.
True
False
4
How difficult is it to have your own Wallet and how much time does it take?
Computer programming skills are required and at least 24 hours are required
You have to buy it physically in specialized stores.
Anyone can open it in a matter of seconds
Only legal financial institutions can provide it
5
Why do criminals PREFER crypto payments?
Slow transfers
Government tracking
Anonymity
High transaction fees
6
How do exchanges fight money laundering?
Anonymous trading
Unlimited withdrawals
KYC checks
No registration