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 Two Coins Have The Same Price Then
The market valuation will depend on the supply of each coin
You need to look at their charts to see which is more valuable
It doesnt matter which you buy
They have the same value
Q2: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 hours
5 days
5 seconds
5 minutes
Q3: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: What Happens If You Send Crypto To The Wrong Address?
You have to pay a fine
You can call the Bitcoin hotline to sort it out
Your coins are most likely gone
You cannot send crypto to a wrong address it wont validate
Q5: Why Do You Need A Seed Phrase?
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
Nothing they are just a bubble
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The currencies we use to transact
The whole financial system
Q7: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
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: 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
Q9: What Do You Need To Send And Receive Crypto?
A smartphone
The wallet password of the recipient so he can unlock your crypto
A wallet, crypto, and the address where to send it
Your bank details
Q10: Which Of These Coins Typically Has The Fastest Transactions
Bitcoin
Dogecoin
Nano
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

Badly Reviewed Banks
Badly Reviewed Banks

Crypto gets a lot of criticism sometimes but what sort of job are the current banks doing at looking after their customers. Who are the best and the worst banks to be with?

Celebrity Crypto Index
Celebrity Crypto Index

Celebrities on social media can have huge followings creating enormous power to influence their followers. We look at who are the most influential and some of the potential risks of following their advice

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.

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.