'Cryptocurrencies are handled on a centralized exchange.' Is this statement true or false?

Last Updated: May 10, 2026
IT Exam Items Repository › Category: Introduction to Cybersecurity › 'Cryptocurrencies are handled on a centralized exchange.' Is this statement true or false?

'Cryptocurrencies are handled on a centralized exchange.' Is this statement true or false?

  • True
  • False

Explanation: Cryptocurrency transactions are recorded in a decentralized electronic ledger known as a blockchain. This system is self-managed and operates with no interference from third parties such as central banks or government entities, meaning it does not rely on a centralized exchange.

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