Module 1 Quiz

Test your understanding of cryptocurrency exchanges and purchases covered in Lessons 1-4.

Passing Score: 70%

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Quiz Questions

See the interactive quiz at: frontend/defi-high-school/quizzes/first-crypto-steps/module-01-quiz.html

Topics Covered:

• What cryptocurrency exchanges do

• Centralized vs. decentralized exchanges

• KYC verification requirements

• Making your first purchase

• Exchange custody vs. self-custody

Key Concepts to Review:

1. Difference between CEX and DEX

2. Why KYC exists and what it requires

3. Different payment methods and their costs

4. Why "not your keys, not your coins" matters

5. The trade-offs of leaving crypto on exchanges