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 You Lose Your Phone Which Has Your Crypto Wallet On It Then
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
You can pay a specialist to get the crypto back for a fee
Q2: Roughly How Long Would It Take An Expert To Work Out Your Password If It Is 8 Lowercase Letters
5 minutes
5 seconds
5 days
5 hours
Q3: What Do You Need To Send And Receive Crypto?
A wallet, crypto, and the address where to send it
A smartphone
The wallet password of the recipient so he can unlock your crypto
Your bank details
Q4: Which Of These Coins Typically Has The Fastest Transactions
Q5: If Two Coins Have The Same Price Then
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
It doesnt matter which you buy
Q6: Why Do You Need A Seed Phrase?
To stop other people accessing your wallet
To be able to send crypto transactions
To sell your crypto to your bank
To access your coins if you lost access to your wallet
Q7: Where Can You Buy Crypto?
Crypto ATMs
Centralized exchanges
All of the above
Q8: 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
Q9: What Happens If You Send Crypto To The Wrong Address?
Your coins are most likely gone
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
Q10: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
The currencies we use to transact
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
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.

Best Crypto Trading Strategies
Best Crypto Trading Strategies

In Part 1 of the guide we look at the stochastic oscillator, relative strength index and moving averages

Crypto Scams
Crypto Scams

What are the most common scam coins and how much have they got away with in the past, plus some tips on how to avoid these scam coins.

Ethereum Review
Ethereum Review

The leader in programmable money, smart contracts and decentralised applications. There have been many copycats but none have the community and level of adoption.

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.