Blockchain Interview Questions with Answer Examples
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What are the rewards for the 6th anniversary of Binance?
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Do I actually own bitcoin on Binance?
The owner of the bitcoin on Binance is the individual or entity that holds the private keys to the wallet address where the bitcoin is stored. Binance is a centralized exchange, which means that users deposit their bitcoin into wallets controlled by Binance.
What is true about Binance product offerings?
Apart from its trading platform, Binance provides a secure wallet for storing cryptocurrencies, allowing users to have complete control over their digital assets. Additionally, Binance offers various advanced trading features like margin trading and futures trading, enabling users to maximize their profit potential.
How does the price of cryptoassets move?
(2021) document that an increasing number of participants in the network brings about transactional benefits and leads to positive network externalities. Consequently, a larger user base increases cryptoasset prices and makes the corresponding cryptoasset more attractive for other users and investors.