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: 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 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
Q2: 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
Q3: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A smartphone
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
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 minutes
5 seconds
5 hours
5 days
Q5: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
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
Your coins are most likely gone
Q6: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To stop other people accessing your wallet
To be able to send crypto transactions
To sell your crypto to your bank
To access your coins if you lost access to your wallet
Q7: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
Q8: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Nothing they are just a bubble
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The currencies we use to transact
Q9: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Nano
Ethereum
Bitcoin
Q10: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
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
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

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Crypto Mining Returns
Crypto Mining Returns

Is mining crypto still profitable? With more cryptos like Ether switching to POS is the competition going to get too much?

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Litecoin Review
Litecoin Review

An early alternative to Bitcoin, LTC aimed to be a coin for easy, fast, low-fee spending. LTC offers a faster block time and a higher transaction capacity in comparison to Bitcoin.

Buy Litecoin
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.