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 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 cannot send crypto to a wrong address it wont validate
You have to pay a fine
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
Nothing they are just a bubble
The currencies we use to transact
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q4: 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
A smartphone
Your bank details
Q5: 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
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
Q6: 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 government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
Q7: 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
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
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: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
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
To be able to send crypto transactions
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
Best Crypto Trading Strategies
Best Crypto Trading Strategies

In Part 1 of the guide we look at the stochastic oscillator, relative strength index and moving averages

Learn More
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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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
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.

Buy Binance Coin

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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.