Test Your Crypto Knowledge

School / Test Your Crypto Knowledge

Level 1: Beginner

The basics of owning crypto, keeping it safe, using it and why cryptocurrencies and blockchain technology are important.

Q1: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters

Topic: Passwords And Backup

5 hours

5 minutes

5 seconds

5 days

Q2: If Two Coins Have The Same Price Then

Topic: Valuing Cryptocurrencies

The market valuation will depend on the supply of each coin

You need to look at their charts to see which is more valuable

It doesnt matter which you buy

They have the same value

Q3: What Do You Need To Send And Receive Crypto?

Topic: Sending And Receiving Cryptocurrency

The wallet password of the recipient so he can unlock your crypto

A smartphone

Your bank details

A wallet, crypto, and the address where to send it

Q4: What Happens If You Send Crypto To The Wrong Address?

Topic: Sending And Receiving Cryptocurrency

Your coins are most likely gone

You can call the Bitcoin hotline to sort it out

You have to pay a fine

You cannot send crypto to a wrong address it wont validate

Q5: Which Of These Coins Typically Has The Fastest Transactions

Topic: Transaction Speed

Dogecoin

Nano

Bitcoin

Ethereum

Q6: If You Lose Your Phone Which Has Your Crypto Wallet On It Then

Topic: Crypto Risks

You can pay a specialist to get the crypto back for a fee

There is no way to access your crypto any more unless you can get the phone back

You can restore your wallet and crypto on another device using your seed phrase

If you call the wallet developer they will be able to help you get it back

Q7: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt

Topic: The Blockchain Revolution

The whole financial system

Nothing they are just a bubble

The currencies we use to transact

Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more

Q8: Where Can You Buy Crypto?

Topic: Buying Crypto

Crypto ATMs

Centralized exchanges

Banks

All of the above

Q9: What Is A Bitcoin Private Key?

Topic: Storing Crypto

A cryptographic code needed to access your Bitcoin

A way to make more Bitcoin

A government trick to access Bitcoin in your wallet

A physical metal key you get to pick up your Bitcoin

Q10: Why Do You Need A Seed Phrase?

Topic: Storing Crypto

To access your coins if you lost access to your wallet

To sell your crypto to your bank

To be able to send crypto transactions

To stop other people accessing your wallet

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