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Quiz: Intro to Cryptocurrency

Cryptocurrency is a digital asset or currency that is powered by blockchain technology. Test your crypto knowledge with this end of course crypto quiz.

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Question 1

Cryptocurrencies are built on decentralized networks and based on blockchain technology.

True False

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Question 2

When you’re looking for good cryptocurrencies to invest in, at a minimum, you should consider the project’s...

Twitter followers, reddit followers, origin country Price Use cases, adoption, market cap, project roadmap All of the above

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Question 3

All units of cryptocurrency are stored in wallets.

True False

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Question 4

To transfer crypto from one wallet to another you’ll need

A seed phrase A public wallet address An email address A street address

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Question 5

Bitcoin is completely private and anonymous.

True False

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Question 6

NFT stands for:

Network File Transfer Non-Fungible Token Not Finished Talking Node Forex Transaction

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Question 7

When categorising cryptocurrencies, Bitcoin, Litecoin and Digibyte are all types of payment coins.

True False

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Question 8

Stablecoins are...

Cryptocurrencies that power smart contract platforms Digital assets that have private ledgers to maximise the anonymity of the user Unique digital collectibles Digital assets pegged to real-world assets like fiat currencies and commodities

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Question 9

A blockchain is a national bank database.

True False

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Question 10

How can an investor mitigate risk in his/her crypto investing approach?

Build a well-balanced, diversified portfolio Adopt a dollar cost average (DCA) investing strategy Conduct research into a cryptocurrency before purchasing it All of the above

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Question 11

What is the safest way to store cryptocurrency?

In cold storage on a Trezor or Ledger hardware wallet On an exchange On a web-based wallet like MetaMask By sending it to someone to store it for you

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