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: What Do You Need To Send And Receive Crypto?

Topic: Sending And Receiving Cryptocurrency

Your bank details

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

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

A smartphone

Q2: What Is A Bitcoin Private Key?

Topic: Storing Crypto

A government trick to access Bitcoin in your wallet

A physical metal key you get to pick up your Bitcoin

A cryptographic code needed to access your Bitcoin

A way to make more Bitcoin

Q3: 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 days

5 seconds

5 hours

Q4: If You Lose Your Phone Which Has Your Crypto Wallet On It Then

Topic: Crypto Risks

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

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

Q5: If Two Coins Have The Same Price Then

Topic: Valuing Cryptocurrencies

It doesnt matter which you buy

They have the same value

The market valuation will depend on the supply of each coin

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

Q6: Where Can You Buy Crypto?

Topic: Buying Crypto

Crypto ATMs

Centralized exchanges

Banks

All of the above

Q7: Which Of These Coins Typically Has The Fastest Transactions

Topic: Transaction Speed

Nano

Bitcoin

Ethereum

Dogecoin

Q8: What Happens If You Send Crypto To The Wrong Address?

Topic: Sending And Receiving Cryptocurrency

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

Your coins are most likely gone

Q9: Why Do You Need A Seed Phrase?

Topic: Storing Crypto

To stop other people accessing your wallet

To be able to send crypto transactions

To access your coins if you lost access to your wallet

To sell your crypto to your bank

Q10: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt

Topic: The Blockchain Revolution

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

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

What's The Best Cryptocurrency Exchange In 2021?

A review of the many options for crypto exchanges and what the main differences are

Learn More

Traders of Crypto Investment Index

How do cryptocurrencies stack up against popular stocks and shares?

Learn More

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

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.

Buy IOTA