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: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q2: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 days
5 minutes
5 seconds
5 hours
Q3: Why Do You Need A Seed Phrase?
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
Q4: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
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
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: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Nano
Bitcoin
Dogecoin
Q7: If Two Coins Have The Same Price Then
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
They have the same value
You need to look at their charts to see which is more valuable
Q8: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
There is no way to access your crypto any more unless you can get the phone back
Q9: What Do You Need To Send And Receive Crypto?
The wallet password of the recipient so he can unlock your crypto
Your bank details
A smartphone
A wallet, crypto, and the address where to send it
Q10: What Happens If You Send Crypto To The Wrong Address?
You have to pay a fine
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
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.

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

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.

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.

Crypto Mining Returns
Crypto Mining Returns

Is mining crypto still profitable? With more cryptos like Ether switching to POS is the competition going to get too much?

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.

Litecoin Review
Litecoin Review

An early alternative to Bitcoin, LTC aimed to be a coin for easy, fast, low-fee spending. LTC offers a faster block time and a higher transaction capacity in comparison to Bitcoin.