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: Which Of These Coins Typically Has The Fastest Transactions
Dogecoin
Nano
Bitcoin
Ethereum
Q2: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 seconds
5 hours
5 days
5 minutes
Q3: What Do You Need To Send And Receive Crypto?
A smartphone
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
Q4: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q5: What Is A Bitcoin Private Key?
A cryptographic code needed to access your Bitcoin
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
Q6: Why Do You Need A Seed Phrase?
To stop other people accessing your wallet
To be able to send crypto transactions
To sell your crypto to your bank
To access your coins if you lost access to your wallet
Q7: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
The whole financial system
The currencies we use to transact
Q8: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
You can restore your wallet and crypto on another device using your seed phrase
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
There is no way to access your crypto any more unless you can get the phone back
Q9: If Two Coins Have The Same Price Then
The market valuation will depend on the supply of each coin
They have the same value
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
Q10: What Happens If You Send Crypto To The Wrong Address?
You can call the Bitcoin hotline to sort it out
Your coins are most likely gone
You have to pay a fine
You cannot send crypto to a wrong address it wont validate
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

Beginners Guide to Cryptocurrency
Beginners Guide to Cryptocurrency

What is cryptocurency? What gives it value? How do you buy and store it? Beginners questions answered in plain English.

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Crypto gets a lot of criticism sometimes but what sort of job are the current banks doing at looking after their customers. Who are the best and the worst banks to be with?

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.

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.