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: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
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
Q2: 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
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
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 days
5 minutes
5 hours
5 seconds
Q4: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
Your coins are most likely gone
You cannot send crypto to a wrong address it wont validate
You have to pay a fine
You can call the Bitcoin hotline to sort it out
Q5: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A government trick to access Bitcoin in your wallet
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
Q6: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q7: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Nano
Dogecoin
Ethereum
Q8: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
Your bank details
A smartphone
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
Q9: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To access your coins if you lost access to your wallet
To be able to send crypto transactions
To stop other people accessing your wallet
To sell your crypto to your bank
Q10: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
Nothing they are just a bubble
The currencies we use to transact
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
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.

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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.

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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
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.

Buy Litecoin

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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.