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
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
A smartphone
Your bank details
Q2: 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 have to pay a fine
You can call the Bitcoin hotline to sort it out
Q3: 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 days
5 hours
Q4: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Ethereum
Dogecoin
Bitcoin
Nano
Q5: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
To sell your crypto to your bank
To be able to send crypto transactions
Q6: 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
The whole financial system
Nothing they are just a bubble
Q7: 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
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
There is no way to access your crypto any more unless you can get the phone back
Q8: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
They have the same value
The market valuation will depend on the supply of each coin
Q9: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up your 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
Bitcoin FAQs: The Answers To All Your Burning Questions
Bitcoin FAQs: The Answers To All Your Burning Questions

What is bitcoin? Who controls it? Where can I buy it? Your questions answered!

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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

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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
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.

Buy Ethereum

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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.