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
Topic: Passwords And Backup
5 minutes
5 hours
5 seconds
5 days
Q2: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
The currencies we use to transact
Nothing they are just a bubble
Q3: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A smartphone
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
Q4: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
You can call the Bitcoin hotline to sort it out
You have to pay a fine
Your coins are most likely gone
You cannot send crypto to a wrong address it wont validate
Q5: 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
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
There is no way to access your crypto any more unless you can get the phone back
Q6: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
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
It doesnt matter which you buy
Q7: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q8: 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
Q9: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Nano
Ethereum
Dogecoin
Q10: 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 way to make more Bitcoin
A cryptographic code needed to access your Bitcoin
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
A Quick Guide to Iota
A Quick Guide to Iota

We are now paying prizes in Iota. Learn a bit about it and where you can buy, sell and store it

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Crypto Wallets, Passwords and Security
Crypto Wallets, Passwords and Security

Learn how to keep your crypto secure and the different types of wallets you can use.

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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
Cardano Review
Cardano Review

An innovative digital asset utilizing a fully decentralized consensus protocol called Ourobouros. The network aims to compete with Ethereum in offering smart contract functionalities. However it is lightyears behind Ethereum in terms of adoption.

Buy Cardano

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