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: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 seconds
5 days
5 minutes
5 hours
Q2: Why Do You Need A Seed Phrase?
To be able to send crypto transactions
To sell your crypto to your bank
To access your coins if you lost access to your wallet
To stop other people accessing your wallet
Q3: What Happens If You Send Crypto To The Wrong Address?
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
You have to pay a fine
Q4: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q5: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Dogecoin
Ethereum
Nano
Q6: If Two Coins Have The Same Price Then
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
Q7: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
If you call the wallet developer they will be able to help you get it back
Q8: What Is A Bitcoin Private Key?
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more Bitcoin
A physical metal key you get to pick up your Bitcoin
Q9: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
The currencies we use to transact
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
Q10: 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
Easy Way to Buy
Easy Way to Buy

Uphold makes buying crypto with popular currencies like USD, EUR and GBP very simple with its convenient options to swap between crypto, fiat, equities, and precious metals.

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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

Uphold Review
Uphold Review

Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.

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Binance Coin Review

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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.