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 Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
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
Q2: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Ethereum
Dogecoin
Nano
Q3: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
The whole financial system
Q4: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
You have to pay a fine
You cannot send crypto to a wrong address it wont validate
Q5: 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
Q6: 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
A smartphone
The wallet password of the recipient so he can unlock your crypto
Q7: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q8: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
You need to look at their charts to see which is more valuable
They have the same value
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
Q9: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To sell your crypto to your bank
To be able to send crypto transactions
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
Q10: 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 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
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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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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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
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

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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.