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: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To be able to send crypto transactions
To access your coins if you lost access to your wallet
To sell your crypto to your bank
To stop other people accessing your wallet
Q2: 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
If you call the wallet developer they will be able to help you get it back
You can restore your wallet and crypto on another device using your seed phrase
Q3: 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 hours
5 seconds
5 minutes
Q4: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
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
Your coins are most likely gone
Q5: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
Your bank details
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
A smartphone
Q6: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
They have the same value
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
The market valuation will depend on the supply of each coin
Q7: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Ethereum
Bitcoin
Dogecoin
Nano
Q8: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q9: 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
Q10: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A physical metal key you get to pick up your Bitcoin
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more Bitcoin
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
Crypto Wallets, Passwords and Security
Crypto Wallets, Passwords and Security

Learn how to keep your crypto secure and the different types of wallets you can use.

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How to buy bitcoin in US with you bank card
How to buy bitcoin in US with you bank card

We explain the safest and easiest way to buy Bitcoin and other crypto using your credit or debit card.

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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
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.