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
A wallet, crypto, and the address where to send it
The wallet password of the recipient so he can unlock your crypto
A smartphone
Q2: 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
Nothing they are just a bubble
The whole financial system
The currencies we use to transact
Q3: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up your Bitcoin
A way to make more Bitcoin
A government trick to access Bitcoin in your wallet
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
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
Q6: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
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
To sell your crypto to your bank
Q7: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
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
You have to pay a fine
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 hours
5 seconds
5 days
5 minutes
Q9: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
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
You can pay a specialist to get the crypto back for a fee
Q10: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Ethereum
Nano
Bitcoin
Kraken Review
Kraken Review

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Kraken Guide
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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
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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