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 Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
You have to pay a fine
You can call the Bitcoin hotline to sort it out
You cannot send crypto to a wrong address it wont validate
Your coins are most likely gone
Q2: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To sell your crypto to your bank
To be able to send crypto transactions
To access your coins if you lost access to your wallet
To stop other people accessing your wallet
Q3: 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 currencies we use to transact
Nothing they are just a bubble
The whole financial system
Q4: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
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
You can restore your wallet and crypto on another device using your seed phrase
Q5: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
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
Q6: 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 days
5 seconds
Q7: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q8: 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 wallet, crypto, and the address where to send it
A smartphone
Q9: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
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
Q10: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Nano
Bitcoin
Dogecoin
Ethereum
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
A Quick Guide to Iota
A Quick Guide to Iota

We are now paying prizes in Iota. Learn a bit about it and where you can buy, sell and store it

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Introduction to Technical Analysis

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

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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
Cardano Review
Cardano Review

An innovative digital asset utilizing a fully decentralized consensus protocol called Ourobouros. The network aims to compete with Ethereum in offering smart contract functionalities. However it is lightyears behind Ethereum in terms of adoption.

Buy Cardano

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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.