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?
Topic: Sending And Receiving Cryptocurrency
Your bank details
The wallet password of the recipient so he can unlock your crypto
A smartphone
A wallet, crypto, and the address where to send it
Q2: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q3: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To sell your crypto to your bank
To access your coins if you lost access to your wallet
To stop other people accessing your wallet
To be able to send crypto transactions
Q4: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 hours
5 minutes
5 seconds
5 days
Q5: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
They have the same value
You need to look at their charts to see which is more valuable
The market valuation will depend on the supply of each coin
It doesnt matter which you buy
Q6: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A cryptographic code needed to access your Bitcoin
A way to make more Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
Q7: 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
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
Q8: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
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
Q9: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The currencies we use to transact
Nothing they are just a bubble
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
Q10: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Ethereum
Dogecoin
Nano
Bitcoin
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 Wallets, Passwords and Security
Crypto Wallets, Passwords and Security

Learn how to keep your crypto secure and the different types of wallets you can use.

Learn More
What is DEFI and how to invest in it
What is DEFI and how to invest in it

Will decentralised finance revolutionise the financial world or is a a lot of hype. Should you get invoved?

Learn More
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
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.

Buy Ripple

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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.