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?
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
Q2: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 days
5 seconds
5 hours
5 minutes
Q3: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Dogecoin
Bitcoin
Nano
Q4: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
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
Q5: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
The currencies we use to transact
Nothing they are just a bubble
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q6: What Is A Bitcoin Private Key?
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
Q7: Why Do You Need A Seed Phrase?
To stop other people accessing your wallet
To sell your crypto to your bank
To access your coins if you lost access to your wallet
To be able to send crypto transactions
Q8: What Do You Need To Send And Receive Crypto?
A wallet, crypto, and the address where to send it
Your bank details
A smartphone
The wallet password of the recipient so he can unlock your crypto
Q9: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: If Two Coins Have The Same Price Then
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
They have the same value
Easy Way to Buy
Easy Way to Buy

Uphold makes buying crypto with popular currencies like USD, EUR and GBP very simple with its convenient options to swap between crypto, fiat, equities, and precious metals.

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

Uphold Review
Uphold Review

Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.

What is DEFI and how to invest in it
What is DEFI and how to invest in it

Will decentralised finance revolutionise the financial world or is a a lot of hype. Should you get invoved?

Top Crypto Investing Mistakes to Avoid
Top Crypto Investing Mistakes to Avoid

Crypto investment remains unpredictable and risky, but good practices can save you from many of the potential pitfalls.

Litecoin Review
Litecoin Review

An early alternative to Bitcoin, LTC aimed to be a coin for easy, fast, low-fee spending. LTC offers a faster block time and a higher transaction capacity in comparison to 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.