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: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Bitcoin
Dogecoin
Nano
Q2: Why Do You Need A Seed Phrase?
To be able to send crypto transactions
To sell your crypto to your bank
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
Q3: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 hours
5 minutes
5 days
5 seconds
Q4: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
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
Q5: What Happens If You Send Crypto To The Wrong Address?
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: What Is A Bitcoin Private Key?
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
Q7: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Nothing they are just a bubble
The currencies we use to transact
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q8: What Do You Need To Send And Receive Crypto?
A smartphone
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
Q9: If Two Coins Have The Same Price Then
You need to look at their charts to see which is more valuable
It doesnt matter which you buy
They have the same value
The market valuation will depend on the supply of each coin
Q10: Where Can You Buy 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

Best Crypto Trading Strategies
Best Crypto Trading Strategies

In Part 1 of the guide we look at the stochastic oscillator, relative strength index and moving averages

How to buy Bitcoin without identification
How to buy Bitcoin without identification

Eight ways to buy Bitcoin without needing ID or giving personal information

Ethereum Review
Ethereum Review

The leader in programmable money, smart contracts and decentralised applications. There have been many copycats but none have the community and level of adoption.

IOTA Review
IOTA Review

IOTA is a feeless crypto using a DAG rather than a blockchain. It aims to be the currency of the Internet of things and a machine economy.