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: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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 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
Q3: What Is A Bitcoin Private Key?
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
A cryptographic code needed to access your Bitcoin
Q4: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Dogecoin
Nano
Ethereum
Q5: What Happens If You Send Crypto To The Wrong Address?
You cannot send crypto to a wrong address it wont validate
You can call the Bitcoin hotline to sort it out
You have to pay a fine
Your coins are most likely gone
Q6: 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
Q7: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 minutes
5 seconds
5 hours
5 days
Q8: Why Do You Need A Seed Phrase?
To be able to send crypto transactions
To access your coins if you lost access to your wallet
To stop other people accessing your wallet
To sell your crypto to your bank
Q9: What Do You Need To Send And Receive Crypto?
The wallet password of the recipient so he can unlock your crypto
A smartphone
Your bank details
A wallet, crypto, and the address where to send it
Q10: If Two Coins Have The Same Price Then
The market valuation will depend on the supply of each coin
It doesnt matter which you buy
They have the same value
You need to look at their charts to see which is more valuable
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

Bitcoin FAQs: The Answers To All Your Burning Questions
Bitcoin FAQs: The Answers To All Your Burning Questions

What is bitcoin? Who controls it? Where can I buy it? Your questions answered!

Badly Reviewed Banks
Badly Reviewed Banks

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?

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.

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.