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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What is the primary characteristic of a hot wallet?
A. It operates offline for enhanced security.
B. It is always connected to the internet, allowing for quick access and transactions.
C. It stores cryptocurrencies in physical locations like bank vaults.
Question 2:
Which of the following is an example of a hot wallet?
A. Ledger Nano X
B. Trezor
C. Trust Wallet
Question 3:
What is the main advantage of using a cold wallet?
A. It allows for instant access to funds from multiple devices.
B. It provides enhanced security by operating offline.
C. It is ideal for frequent transactions and trading.
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