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: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The whole financial system
Nothing they are just a bubble
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q2: If Two Coins Have The Same Price Then
Topic: Valuing Cryptocurrencies
It doesnt matter which you buy
They have the same value
The market valuation will depend on the supply of each coin
You need to look at their charts to see which is more valuable
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 seconds
5 hours
5 days
5 minutes
Q4: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Bitcoin
Dogecoin
Nano
Ethereum
Q5: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To be able to send crypto transactions
To stop other people accessing your wallet
To sell your crypto to your bank
To access your coins if you lost access to your wallet
Q6: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q7: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A smartphone
Your bank details
A wallet, crypto, and the address where to send it
The wallet password of the recipient so he can unlock your crypto
Q8: 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 restore your wallet and crypto on another device using your seed phrase
You can pay a specialist to get the crypto back for a fee
Q9: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A physical metal key you get to pick up your Bitcoin
A cryptographic code needed to access your Bitcoin
A government trick to access Bitcoin in your wallet
A way to make more Bitcoin
Q10: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
You cannot send crypto to a wrong address it wont validate
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
You have to pay a fine
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