cex.io Quiz Answers Today 24th January 2025

CEX.IO Answers Today’s question updated here, participate in the quiz to earn 10000 CEXP points.

CEX.IO Answers Today’s Answers January 24, 2025

1. Why might crypto fees feel like “inflation in disguise”?

Answer: They can eat into your savings due to high transaction costs.

2. What are pegged stablecoins?

Answer: Real-world currencies like US dollars.

3. What are the general risks of using cryptocurrencies against inflation?

Answer: It is price fluctuation.

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) is mandatory for most services to ensure compliance with regulations.

2. Buy and sell cryptocurrency:

Buy Cryptocurrency: Users can buy Cryptocurrency such as Bitcoin (BTC), Ethereum (ETH) and others using:
- Credit or debit card.
- Bank transfer (Swift, SEPA, etc.).
- Payment service (depending on region).
Sell Cryptocurrency: Users can convert their cryptocurrency into fiat currencies such as USD, EUR or GBP.

3. Transaction:

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

4. Staking service:

CEX.IO allows users to stake a certain amount of 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 Cryptocurrency Wallets: Secure storage and asset management.

6. Security and compliance:

CEX.IO uses strong security measures, such as two-factor authentication (2FA), anti-capture protection, and cold storage.
The platform complies with global financial regulations, ensuring a safe and compliant trading environment.

Advantages of CEX.IO:

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

CEX.IO is an all-in-one platform to manage your cryptocurrency journey, whether you are investing for the first time or actively trading.

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