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Centralized vs Decentralized Exchanges (CEX vs DEX) MCQs

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1. : What is the main feature of a centralized exchange (CEX)?





2. : Which of the following is an example of a DEX?





3. : In CEX, who typically controls the private keys?





4. : Which type of exchange usually requires KYC/AML verification?





5. : Which of the following is a benefit of DEXs?





6. : Binance is an example of which type of exchange?





7. : Which type of exchange often has higher liquidity?





8. : Smart contracts are essential to which exchange type?





9. : Which exchange suffered from the Mt. Gox hack?





10. : Which of the following is a disadvantage of CEX?





11. : Which type of exchange allows anonymous trading more easily?





12. : Which exchange is an example of CEX?





13. : Which is the biggest challenge for most DEXs?





14. : Which type of exchange can freeze user funds if required?





15. : In a DEX, trades are executed using what technology?





16. : Which of the following is NOT a DEX?





17. : Which type of exchange is more beginner-friendly?





18. : Which exchange model provides direct wallet-to-wallet trades?





19. : Which exchange type usually charges higher withdrawal fees?





20. : Gas fees are mainly associated with which type of exchange?





21. : Which type of exchange typically offers margin and futures trading?





22. : Which exchange uses liquidity pools for trading?





23. : Which of the following is an advantage of CEX?





24. : DEX platforms usually don’t support which type of trading?





25. : Which type of exchange is easier for regulators to monitor?





26. : Users need a crypto wallet to trade directly on which type of exchange?





27. : Which type of exchange is considered more secure from hacks?





28. : Which type of exchange is known for order books and market makers?





29. : Which of these is NOT a key feature of a DEX?





30. : Which type of exchange usually lists new tokens faster?





31. : Which exchange type can be shut down by governments more easily?





32. : Which type of exchange offers higher transparency in operations?





33. : Automated Market Makers (AMMs) are a feature of which exchanges?





34. : Which type of exchange offers fiat-to-crypto gateways?





35. : Which is a major risk with DEXs?





36. : Which type of exchange is more likely to have insurance for user funds?





37. : Which type of exchange supports governance tokens like UNI and CAKE?





38. : Which is a hybrid model combining CEX and DEX features?





39. : What is the biggest drawback of CEX in terms of user control?





40. : Which type of exchange is less likely to be affected by a single point of failure?





41. : Which of the following is NOT a benefit of CEX?





42. : Which type of exchange usually has lower trading fees?





43. : Which type of exchange relies heavily on liquidity providers?





44. : Which exchange type usually offers staking and lending services?





45. : Which type of exchange requires internet access to smart contracts?





46. : Which of the following is a key weakness of DEXs for beginners?





47. : Which type of exchange may impose withdrawal limits?





48. : Which type of exchange allows truly global access without restrictions?





49. : Which is a potential advantage of CEX regulation?





50. : Which type of exchange generally provides faster trade execution?





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