Which of the following are key factors to consider when choosing a secure crypto exchange?* Choose only one answerRobust security measures like 2FA and cold storageA strong reputation and history of security auditsThe exchange’s experience with past security incidentsAll of the above

Question 2 of 2What is the benefit of choosing an exchange with both proper licensing and security certifications?* Choose only one answerIt minimizes the risks associated with using a cryptocurrency exchangeIt ensures the exchange has a large number of cryptocurrencies availableIt guarantees that you won't lose your moneyIt allows you to trade without any transaction fees

Choosing an exchange with both licensing and security certifications minimizes the risks associated with using a cryptocurrency exchange.* Choose only one answerTrueFalse

What additional security measure is recommended beyond a strong password?* Choose only one answerStoring private keys in a plain text fileTwo-Factor Authentication (2FA)Sharing your password with a friendStoring your assets on an exchange

Why is user security particularly important in the world of crypto?* Choose only one answerBecause crypto assets are often held in decentralized wallets with no central authority to help recover lost fundsBecause crypto transactions are subject to high feesBecause exchanges offer insurance against lossBecause blockchain technology is less secure than traditional financial systems

a) Security is a big challenge in e-commerce due to the fact that e-commerce is carriedout via the Internet. Giving examples, discuss four security services that any esecurity system must provide. (4 Marks)