Which statement about cryptocurrency transaction speed is true?

• A. They require broker approval for every trade.
• B. They are usually as fast as traditional systems.
• C. Transactions are often faster and crypto can be accessed by anyone with an internet connection.
• D. They are only available to accredited investors.

Answer: (C)

Cryptocurrency networks are designed to move value directly between peers without a central broker, and they operate around the clock. This structure often makes transfers faster than traditional payment rails, especially for cross-border moves, because there’s no interbank settlement window and no weekend or holiday delays to slow things down. In addition, these networks are permissionless: anyone with an internet connection can send or receive crypto, subject to network fees and the current congestion.

The statement that captures this reality is that transactions are often faster and crypto can be accessed by anyone with an internet connection. It reflects both the potential speed advantage and the open, global access of crypto networks. Do keep in mind that actual speeds vary—block times, network congestion, and whether a transfer is settled on-chain or via layer-2 solutions can cause delays at times. The other ideas aren’t characteristic of crypto in general: trades don’t require broker approval for every transaction, and crypto isn’t restricted to accredited investors.