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
It doesnt matter which you buy
The market valuation will depend on the supply of each coin
They have the same value
You need to look at their charts to see which is more valuable
Q2: Blockchain And Cryptocurrencies Have The Potential To Significantly Disrupt
Topic: The Blockchain Revolution
The currencies we use to transact
Finance, Real Estate, Identity, Art & Media, Automotive, Medical, Supply chain and more
Nothing they are just a bubble
The whole financial system
Q3: What Do You Need To Send And Receive Crypto?
Topic: Sending And Receiving Cryptocurrency
Your bank details
A wallet, crypto, and the address where to send it
A smartphone
The wallet password of the recipient so he can unlock your crypto
Q4: What Is A Bitcoin Private Key?
Topic: Storing Crypto
A physical metal key you get to pick up your Bitcoin
A way to make more Bitcoin
A government trick to access Bitcoin in your wallet
A cryptographic code needed to access your Bitcoin
Q5: Where Can You Buy Crypto?
Topic: Buying Crypto
Crypto ATMs
Centralized exchanges
Banks
All of the above
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 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
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
Q8: 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
Q9: 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
You have to pay a fine
Your coins are most likely gone
You can call the Bitcoin hotline to sort it out
Q10: Why Do You Need A Seed Phrase?
Topic: Storing Crypto
To sell your crypto to your bank
To access your coins if you lost access to your wallet
To be able to send crypto transactions
To stop other people accessing your wallet
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
Celebrity Crypto Index
Celebrity Crypto Index

Celebrities on social media can have huge followings creating enormous power to influence their followers. We look at who are the most influential and some of the potential risks of following their advice

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Buying Bitcoin in Australia Using a Debit Card
Buying Bitcoin in Australia Using a Debit Card

A roundup of the main exchanges in Australia allow you to quickly buy Bitcoin and other crypto on your card

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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
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.

Buy Litecoin

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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.