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
They have the same value
It doesnt matter which you buy
You need to look at their charts to see which is more valuable
Q2: What Is A Bitcoin Private Key?
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
A way to make more Bitcoin
Q3: What Happens If You Send Crypto To The Wrong Address?
Your coins are most likely gone
You have to pay a fine
You can call the Bitcoin hotline to sort it out
You cannot send crypto to a wrong address it wont validate
Q4: Which Of These Coins Typically Has The Fastest Transactions
Ethereum
Bitcoin
Nano
Dogecoin
Q5: What Do You Need To Send And Receive Crypto?
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
A smartphone
Q6: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 days
5 seconds
5 minutes
5 hours
Q7: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
The currencies we use to transact
The whole financial system
Nothing they are just a bubble
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q8: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q9: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
There is no way to access your crypto any more unless you can get the phone back
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
You can pay a specialist to get the crypto back for a fee
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
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.

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.

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

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.

Crypto Jargon Explained
Crypto Jargon Explained

From Airdrop to Wallet we look at all the crypto jargon and what it really means

Best Crypto Trading Strategies - Part 2
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Part 2 covers intermediate trading strategies including Bollinger bands, the TRIX indicator and pattern trying

Bitcoin Review
Bitcoin Review

The first cryptocurrency. It has limitations for transactions but it is still the most popular being secure, trusted and independent from banks and governments.

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.