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?
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
Bitcoin
Ethereum
Dogecoin
Nano
Q3: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
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?
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
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?
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
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
5 days
5 minutes
5 hours
5 seconds
Q9: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: Why Do You Need A Seed Phrase?
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
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Ethereum Review
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The leader in programmable money, smart contracts and decentralised applications. There have been many copycats but none have the community and level of adoption.

Binance Coin Review
Binance Coin Review

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