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 Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
Q2: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Ethereum
Bitcoin
Nano
Q3: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
Nothing they are just a bubble
Q5: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
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
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
Q6: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
You can call the Bitcoin hotline to sort it out
You have to pay a fine
Your coins are most likely gone
You cannot send crypto to a wrong address it wont validate
Q7: 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
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
Q8: 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 seconds
5 days
Q9: 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
Q10: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A wallet, crypto, and the address where to send it
Your bank details
A smartphone
The wallet password of the recipient so he can unlock your crypto
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 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?

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Crypto Jargon Explained
Crypto Jargon Explained

From Airdrop to Wallet we look at all the crypto jargon and what it really means

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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
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.

Buy Solana

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