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 Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
A smartphone
Your bank details
Q2: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
They have the same value
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
Q3: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
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
Q4: 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 sell your crypto to your bank
To access your coins if you lost access to your wallet
Q5: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q6: 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 whole financial system
The currencies we use to transact
Q7: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Ethereum
Nano
Dogecoin
Q8: 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
Q9: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 seconds
5 days
5 hours
5 minutes
Q10: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more 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
NFT Influencers Report
NFT Influencers Report

Who are the biggest influencers in the NFT space across the various social media platforms.

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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.

Learn More
Bitcoin Review
Bitcoin Review

The first cryptocurrency. It has limitations for transactions but it is still the most popular being secure, trusted and independent from banks and governments.

Buy Bitcoin
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

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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.