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
Your bank details
A smartphone
Q2: 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 have to pay a fine
You cannot send crypto to a wrong address it wont validate
Your coins are most likely gone
Q3: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q4: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Nothing they are just a bubble
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
The whole financial system
The currencies we use to transact
Q5: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To stop other people accessing your wallet
To sell your crypto to your bank
To be able to send crypto transactions
To access your coins if you lost access to your wallet
Q6: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
Topic: Passwords And Backup
5 seconds
5 minutes
5 days
5 hours
Q7: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Dogecoin
Ethereum
Nano
Bitcoin
Q8: 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
The market valuation will depend on the supply of each coin
It doesnt matter which you buy
Q9: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
You can restore your wallet and crypto on another device using your seed phrase
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
Q10: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A government trick to access Bitcoin in your wallet
A physical metal key you get to pick up your Bitcoin
A way to make more Bitcoin
A cryptographic code needed to access your Bitcoin
Copy the Best Traders
Copy the Best Traders

eToro is one of the easiest places to buy crypto and a recognised brand in the financial industry. You can also follow and copy the most successful traders on the site! A great site for beginners.

Open Account

Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. 67% of retail CFD accounts lose money

eToro Review
eToro Review

eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also has an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success

eToro Guide
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
Introduction to Technical Analysis
Introduction to Technical Analysis

A beginners guide to candlesticks, trend line, indicators and chart patterns

Learn More
Crypto Confusion
Crypto Confusion

What do members of the public think about Crypto in 2021/22? We survey some UK people and look at search data with some surprising results.

Learn More
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.

Buy IOTA
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

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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.