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: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Nothing they are just a bubble
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The currencies we use to transact
Q2: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q3: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
The market valuation will depend on the supply of each coin
They have the same value
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
Q4: 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
Your coins are most likely gone
You have to pay a fine
Q5: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Nano
Dogecoin
Ethereum
Q6: 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
Q7: What Is A Bitcoin Private Key?
Topic: Storing Crypto
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
A government trick to access Bitcoin in your wallet
Q8: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 days
5 minutes
5 hours
5 seconds
Q9: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
You can pay a specialist to get the crypto back for a fee
You can restore your wallet and crypto on another device using your seed phrase
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
Q10: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A wallet, crypto, and the address where to send it
The wallet password of the recipient so he can unlock your crypto
Your bank details
A smartphone
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

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Buying Bitcoin in Australia Using a Debit Card
Buying Bitcoin in Australia Using a Debit Card

A roundup of the main exchanges in Australia allow you to quickly buy Bitcoin and other crypto on your card

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What's The Best Cryptocurrency Exchange In 2021?
What's The Best Cryptocurrency Exchange In 2021?

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

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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.

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Binance Coin Review
Binance Coin Review

A multi-utility asset, linked to the diverse activities of the Binance Exchange. A token to pay trading fees, as well as participate in new asset sales, BNB now runs on a proprietary blockchain.

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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.