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 Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
You have to pay a fine
You cannot send crypto to a wrong address it wont validate
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: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To be able to send crypto transactions
To stop other people accessing your wallet
To sell your crypto to your bank
To access your coins if you lost access to your wallet
Q4: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Bitcoin
Ethereum
Nano
Q5: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 minutes
5 hours
5 days
5 seconds
Q6: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
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
It doesnt matter which you buy
Q7: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
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
You can restore your wallet and crypto on another device using your seed phrase
Q8: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A government trick to access Bitcoin in your wallet
A physical metal key you get to pick up your Bitcoin
A cryptographic code needed to access your Bitcoin
A way to make more Bitcoin
Q9: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The whole financial system
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
Q10: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
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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Top Crypto Investing Mistakes to Avoid
Top Crypto Investing Mistakes to Avoid

Crypto investment remains unpredictable and risky, but good practices can save you from many of the potential pitfalls.

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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
Ripple Review
Ripple Review

This is a specific digital coin running on a series of servers. XRP promises utility in handling cross-border transactions to compete with the SWIFT interbank payment system. Being controlled by banks, many question if it is a true cryptocurrency.

Buy Ripple

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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.