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

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Kraken Guide
How to buy Bitcoin without identification
How to buy Bitcoin without identification

Eight ways to buy Bitcoin without needing ID or giving personal information

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Beginners Guide to Cryptocurrency
Beginners Guide to Cryptocurrency

What is cryptocurency? What gives it value? How do you buy and store it? Beginners questions answered in plain English.

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Ethereum Review
Ethereum Review

The leader in programmable money, smart contracts and decentralised applications. There have been many copycats but none have the community and level of adoption.

Buy Ethereum
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.

Buy Solana

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Important: The above opinions are not investment advice and aim to educate and set guidelines for exposure to highly volatile assets. Exposure to crypto assets can lead to a significant or total loss of the sum invested. We do not guarantee the accuracy of content on this site or sites that we link to.