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: 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
You need to look at their charts to see which is more valuable
It doesnt matter which you buy
Q2: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Dogecoin
Nano
Ethereum
Q3: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
Q4: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
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
Q5: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
If you call the wallet developer they will be able to help you get it back
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
Q6: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q7: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 seconds
5 days
5 minutes
5 hours
Q8: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
You cannot send crypto to a wrong address it wont validate
Your coins are most likely gone
You have to pay a fine
You can call the Bitcoin hotline to sort it out
Q9: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
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
Q10: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
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
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
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Best Crypto Trading Strategies - Part 3
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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.

Buy Solana
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.

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