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: 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
Q2: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A smartphone
A wallet, crypto, and the address where to send it
Your bank details
The wallet password of the recipient so he can unlock your crypto
Q3: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The whole financial system
Nothing they are just a bubble
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The currencies we use to transact
Q4: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A physical metal key you get to pick up your Bitcoin
Q5: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
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
Q6: 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
You have to pay a fine
You can call the Bitcoin hotline to sort it out
Your coins are most likely gone
Q7: 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 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
There is no way to access your crypto any more unless you can get the phone back
Q8: 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
Q9: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Ethereum
Bitcoin
Nano
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
Celebrity Crypto Index
Celebrity Crypto Index

Celebrities on social media can have huge followings creating enormous power to influence their followers. We look at who are the most influential and some of the potential risks of following their advice

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Crypto Jargon Explained
Crypto Jargon Explained

From Airdrop to Wallet we look at all the crypto jargon and what it really means

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Cardano Review
Cardano Review

An innovative digital asset utilizing a fully decentralized consensus protocol called Ourobouros. The network aims to compete with Ethereum in offering smart contract functionalities. However it is lightyears behind Ethereum in terms of adoption.

Buy Cardano
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.