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 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
Q2: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
They have the same value
You need to look at their charts to see which is more valuable
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
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 seconds
5 days
5 minutes
5 hours
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: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Ethereum
Nano
Dogecoin
Q6: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
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
If you call the wallet developer they will be able to help you get it back
Q7: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
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
You have to pay a fine
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
Q9: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
Nothing they are just a bubble
Q10: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To sell your crypto to your bank
To be able to send crypto transactions
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
Easy Way to Buy
Easy Way to Buy

Uphold makes buying crypto with popular currencies like USD, EUR and GBP very simple with its convenient options to swap between crypto, fiat, equities, and precious metals.

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Uphold Disclaimer: Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection

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
Uphold Review
Uphold Review

Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.

Uphold Guide
Crypto Scams
Crypto Scams

What are the most common scam coins and how much have they got away with in the past, plus some tips on how to avoid these scam coins.

Learn More
Best Crypto Trading Strategies
Best Crypto Trading Strategies

In Part 1 of the guide we look at the stochastic oscillator, relative strength index and moving averages

Learn More
IOTA Review
IOTA Review

IOTA is a feeless crypto using a DAG rather than a blockchain. It aims to be the currency of the Internet of things and a machine economy.

Buy IOTA
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.

Buy Binance Coin

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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.