School / Test Your Crypto Knowledge

Test Your Crypto Knowledge

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: Why Do You Need A Seed Phrase?
To access your coins if you lost access to your wallet
To stop other people accessing your wallet
To sell your crypto to your bank
To be able to send crypto transactions
Q2: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q3: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
You can pay a specialist to get the crypto back for a fee
If you call the wallet developer they will be able to help you get it back
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
Q4: What Happens If You Send Crypto To The Wrong Address?
You have to pay a fine
You cannot send crypto to a wrong address it wont validate
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
Q5: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The currencies we use to transact
Nothing they are just a bubble
Q6: What Do You Need To Send And Receive Crypto?
A wallet, crypto, and the address where to send it
Your bank details
A smartphone
The wallet password of the recipient so he can unlock your crypto
Q7: What Is A Bitcoin Private Key?
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
Q8: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 minutes
5 days
5 seconds
5 hours
Q9: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Dogecoin
Nano
Ethereum
Q10: If Two Coins Have The Same Price Then
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
You need to look at their charts to see which is more valuable
They have the same value
Kraken Review
Kraken Review

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Introduction to Technical Analysis

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Solana Review
Solana Review

Solana is a cryptocurrency project with a radically different approach to how blockchains work. It focuses on an element which is very simple: time. It seems introducing a decentralised clock to a cryptocurrency blockchain makes it more efficient than anyone could have possibly imagined. Solana is a high-performance cryptocurrency blockchain which supports smart contracts and decentralised applications. It uses proof of stake consensus mechanism with a low barrier to entry along with timestamped transactions to maximise efficiency.

IOTA Review
IOTA Review

IOTA is a feeless crypto using a DAG rather than a blockchain. It aims to be the currency of the Internet of things and a machine economy.