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: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q2: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
The whole financial system
The currencies we use to transact
Q3: What Is A Bitcoin Private Key?
A way to make more Bitcoin
A physical metal key you get to pick up your Bitcoin
A government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
Q4: What Happens If You Send Crypto To The Wrong Address?
You cannot send crypto to a wrong address it wont validate
You have to pay a fine
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
Q5: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
Q6: If Two Coins Have The Same Price Then
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
Q7: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 seconds
5 minutes
5 days
5 hours
Q8: What Do You Need To Send And Receive Crypto?
The wallet password of the recipient so he can unlock your crypto
Your bank details
A smartphone
A wallet, crypto, and the address where to send it
Q9: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Bitcoin
Nano
Dogecoin
Q10: 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 be able to send crypto transactions
To sell your crypto to your bank
Easy Way to Buy
Easy Way to Buy

Uphold makes buying crypto with popular currencies like USD, EUR and GBP very simple with its convenient options to swap between crypto, fiat, equities, and precious metals.

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

Uphold Review
Uphold Review

Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.

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

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

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Best crypto exchanges for margin trading

A review of the risks and rewards of trading with leverage and some of the best exchanges to consider

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.

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.