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
Topic: Valuing Cryptocurrencies
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
It doesnt matter which you buy
Q2: What Happens If You Send Crypto To The Wrong Address?
Topic: Sending And Receiving Cryptocurrency
Your coins are most likely gone
You have to pay a fine
You cannot send crypto to a wrong address it wont validate
You can call the Bitcoin hotline to sort it out
Q3: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To be able to send crypto transactions
To sell your crypto to your bank
To stop other people accessing your wallet
To access your coins if you lost access to your wallet
Q4: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
Nothing they are just a bubble
The currencies we use to transact
The whole financial system
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Q5: 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 minutes
5 days
Q6: Which Of These Coins Typically Has The Fastest Transactions
Topic: Transaction Speed
Nano
Ethereum
Dogecoin
Bitcoin
Q7: If You Lose Your Phone Which Has Your Crypto Wallet On It Then
Topic: Crypto Risks
You can pay a specialist to get the crypto back for a fee
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
Q8: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
A smartphone
The wallet password of the recipient so he can unlock your crypto
Your bank details
A wallet, crypto, and the address where to send it
Q9: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
Q10: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A way to make more Bitcoin
A government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
A physical metal key you get to pick up 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.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available.

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.

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Uphold Disclaimer: Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection

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
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.

Uphold Guide
Badly Reviewed Banks
Badly Reviewed Banks

Crypto gets a lot of criticism sometimes but what sort of job are the current banks doing at looking after their customers. Who are the best and the worst banks to be with?

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Best crypto exchanges for margin trading
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

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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
Binance Coin Review
Binance Coin Review

A multi-utility asset, linked to the diverse activities of the Binance Exchange. A token to pay trading fees, as well as participate in new asset sales, BNB now runs on a proprietary blockchain.

Buy Binance Coin

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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.