Today’s cex.io quiz answers are updated here, participate in the quiz to earn 10000 CEXP points.
Answers to cex.io Questions Today December 30, 2024
1. How does the centralized exchange match orders?
Answer: Buy orders match buy and sell orders in the order book
2. What are the main differences between centralized and decentralized liquidity systems?
Answer: The order book uses a centralized exchange, not a liquidity pool
3. Why do centralized exchanges cooperate with liquidity providers?
Answer: To maintain smooth trading during market peaks.
How CEX.IO works:
1. Account setup:
- Users must create an account on CEX.IO by registering with an email address or phone number.
- Most services require KYC (Know Your Customer) verification to ensure compliance with regulations.
2. Buy and sell cryptocurrencies:
- Buy Cryptocurrency: Users can buy Cryptocurrency such as Bitcoin (BTC), Ethereum (ETH) and others by:
- 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:
- Spot Trading: Real-time cryptocurrency trading 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. Betting service:
- 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: Margin trading platform with advanced tools.
- Fiat and Cryptocurrency Wallets: Store and manage assets securely.
6. Security and compliance:
- CEX.IO uses strong security measures, such as two-factor authentication (2FA), anti-phishing protection, and cold storage of coins.
- 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 crypto journey, whether you are investing for the first time or are actively trading.
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