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 Do You Need To Send And Receive Crypto?
A wallet, crypto, and the address where to send it
The wallet password of the recipient so he can unlock your crypto
Your bank details
A smartphone
Q2: What Happens If You Send Crypto To The Wrong Address?
You have to pay a fine
Your coins are most likely gone
You cannot send crypto to a wrong address it wont validate
You can call the Bitcoin hotline to sort it out
Q3: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: 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
Q5: Why Do You Need A Seed Phrase?
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
To be able to send crypto transactions
To sell your crypto to your bank
Q6: If Two Coins Have The Same Price Then
They have the same value
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
The market valuation will depend on the supply of each coin
Q7: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 days
5 hours
5 minutes
5 seconds
Q8: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Ethereum
Dogecoin
Nano
Q9: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
You can restore your wallet and crypto on another device using your seed phrase
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
There is no way to access your crypto any more unless you can get the phone back
Q10: 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
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

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?

Best crypto exchanges for margin trading
Best crypto exchanges for margin trading

A review of the risks and rewards of trading with leverage and some of the best exchanges to consider

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.

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.