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
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
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
Q3: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Nano
Dogecoin
Ethereum
Q4: If Two Coins Have The Same Price Then
You need to look at their charts to see which is more valuable
They have the same value
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
Q5: 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
Q6: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Nothing they are just a bubble
The whole financial system
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q7: What Is A Bitcoin Private Key?
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more Bitcoin
A physical metal key you get to pick up your Bitcoin
Q8: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 minutes
5 days
5 hours
5 seconds
Q9: What Do You Need To Send And Receive Crypto?
Your bank details
A wallet, crypto, and the address where to send it
The wallet password of the recipient so he can unlock your crypto
A smartphone
Q10: Why Do You Need A Seed Phrase?
To sell your crypto to your bank
To stop other people accessing your wallet
To be able to send crypto transactions
To access your coins if you lost access to your wallet
Easy Way to Buy
Easy Way to Buy

Uphold makes buying crypto with popular currencies like USD, EUR and GBP very simple with its convenient options to swap between crypto, fiat, equities, and precious metals.

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

Uphold Review
Uphold Review

Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.

Introduction to Technical Analysis
Introduction to Technical Analysis

A beginners guide to candlesticks, trend line, indicators and chart patterns

Top Crypto Investing Mistakes to Avoid
Top Crypto Investing Mistakes to Avoid

Crypto investment remains unpredictable and risky, but good practices can save you from many of the potential pitfalls.

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.

Ripple Review
Ripple Review

This is a specific digital coin running on a series of servers. XRP promises utility in handling cross-border transactions to compete with the SWIFT interbank payment system. Being controlled by banks, many question if it is a true cryptocurrency.