CEX.IO Quiz: How remittances get cheaper with crypto (and why millions use it)

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About CEX.IO Power Tap Daily Quiz:

The CEX.IO Power Tap is the feature of the CEX.IO platform that allows a user to take part in daily quizzes with rewards as a prize. In the quiz, participants answer questions about cryptocurrencies, blockchain, and sometimes finance in general. The right answers for the participant are rewarded: cryptocurrency, points, and other platform-specific incentives that give users an incentive to keep learning and engage with the platform.

Here Are CEX.IO Power Tap Daily Quiz 8 July 2025:

Task: How remittances get cheaper with crypto (and why millions use it)

1. What does the video say crypto remittances are NOT about?
   ✅ Getting rich quick
2. Which countries are mentioned as examples where workers use crypto remittances?
   ✅ Philippines, Mexico, Nigeria
3. How much could $40 in saved fees buy according to the example?
   ✅ Groceries for a whole week
4. What can recipients do at ATMs according to the video?
   ✅ Withdraw cash without crypto knowledge
5. What is the typical cost of crypto transfers?
   ✅ Less than 0.1%
6. What is the average cost of traditional remittances globally?
   ✅ About 6%
7. What percentage do banks and remittance services typically take in fees?
   ✅ 10–15% or more
8. How much money does crypto save someone sending $300 per month?
   ✅ Over $200 per year
9. What type of cryptocurrency is mentioned as an example for remittances?
   ✅ USDC stablecoin
10. What is the main benefit shown in using crypto for remittances?
    ✅ More money reaches the recipient by cutting high fees
11. How long does it take for crypto transfers to arrive?
    ✅ Minutes
12. How much does Maria pay in total fees when sending $500 through Western Union?
    ✅ $40
13. Report if any wrong Answer on: Telegram

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How to Access the Quiz: Quick Entry Points on CEX.IO:

1. Objectives and Purpose

• It aims to reward its user base for daily engagement in various activities on CEX.IO, thereby expanding one’s knowledge of crypto and finances.
• The quiz is a fun, gamified way to learn about blockchain technology, cryptocurrency trends, financial markets, and the features of the platform.

2. Quiz Format

• Daily Questions: A new quiz question is posted on the platform each day, usually on topics relevant to cryptocurrency, blockchain principles, or current trends in the financial ecosystem.
• Single or Multiple Choice: Questions may vary between single and multiple choice so that is fair and inclusive to either a beginner and an advanced crypto user generally.
• Timed Response: Users are forced to respond within some time bracket so that the entire thing does not drag out slowly with time.

3. Forms of Incentives

• Cryptocurrency Rewards: Such users who accurately answer their quiz may be rewarded in forms of small amounts of some cryptos like Bitcoins or Ethereums among many others.
• Incentive may be received in the form of points which can be used on the CEX.IO platform. These will give discounts on fees or exchange rates and gain access to more advanced features.

4. Daily Quiz

• Reward from Regular Participation: Regular participation within the daily quiz shall provide loyalty rewards in the form of higher account levels or chances to participate in promotions carried out on the platform.
• Exclusive Content Access: Some questions may reward with access to exclusive articles, reports, or crypto insights helpful for both investment and trading strategies.

5. Benefits of engagement and learning

• Users are pushed to be informed about recent trends in cryptocurrencies, because some questions reflect current events, new coins, or updates within the CEX.IO ecosystem.
• It is also an educational tool that provides a user with getting more insights into the crypto concepts that could be precious in the decision-making process when it comes to trading or investing.
• First-time users can become well versed in the platform features through participating in the quiz, hence lowering the conventional learning curve that typically applies when it comes to advanced financial systems.

Therefore, CEX.IO Power Tap Daily Quiz is a helpful utility for users who are both new and experienced cryptocurrency fans, adding value through rewards, education, and engagement on the CEX.IO platform.

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