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
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
Q2: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q3: What Is A Bitcoin Private Key?
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
Q4: What Do You Need To Send And Receive Crypto?
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
Q5: What Happens If You Send Crypto To The Wrong Address?
You have to pay a fine
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
Q6: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 days
5 seconds
5 minutes
5 hours
Q7: Why Do You Need A Seed Phrase?
To be able to send crypto transactions
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
Q8: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Bitcoin
Dogecoin
Nano
Q9: If Two Coins Have The Same Price Then
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
They have the same value
You need to look at their charts to see which is more valuable
Q10: 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
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

Crypto Confusion
Crypto Confusion

What do members of the public think about Crypto in 2021/22? We survey some UK people and look at search data with some surprising results.

Bitcoin FAQs: The Answers To All Your Burning Questions
Bitcoin FAQs: The Answers To All Your Burning Questions

What is bitcoin? Who controls it? Where can I buy it? Your questions answered!

Ripple Review
Ripple Review

This is a specific digital coin running on a series of servers. XRP promises utility in handling cross-border transactions to compete with the SWIFT interbank payment system. Being controlled by banks, many question if it is a true cryptocurrency.

Solana Review
Solana Review

Solana is a cryptocurrency project with a radically different approach to how blockchains work. It focuses on an element which is very simple: time. It seems introducing a decentralised clock to a cryptocurrency blockchain makes it more efficient than anyone could have possibly imagined. Solana is a high-performance cryptocurrency blockchain which supports smart contracts and decentralised applications. It uses proof of stake consensus mechanism with a low barrier to entry along with timestamped transactions to maximise efficiency.