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: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Nano
Dogecoin
Ethereum
Q2: If Two Coins Have The Same Price Then
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
Q3: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: What Happens If You Send Crypto To The Wrong Address?
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
You have to pay a fine
Q5: 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
Q6: What Do You Need To Send And Receive Crypto?
A smartphone
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
Your bank details
Q7: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
The whole financial system
The currencies we use to transact
Q8: What Is A Bitcoin Private Key?
A physical metal key you get to pick up your Bitcoin
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more Bitcoin
Q9: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 seconds
5 minutes
5 hours
5 days
Q10: 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
You can pay a specialist to get the crypto back for a fee
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
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

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.

Best Crypto Trading Strategies - Part 2
Best Crypto Trading Strategies - Part 2

Part 2 covers intermediate trading strategies including Bollinger bands, the TRIX indicator and pattern trying

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.