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Quiz: Security

Security is one of the most essential factors in the cryptocurrency world. Test your knowledge of security practices with this Swyftx Learn quiz.

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Question 1

What is a hardware wallet?

A physical wallet where you store printouts of your private keys A secure folder on your computer hard drive that stores your crypto balances A hardware device that is designed to secure your cryptocurrency None of the above

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Question 2

Phishing is when a scammer tries to get your passwords or account details via email or private messages.

True False

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Question 3

What is the most important element of creating a secure password?

Length and complexity Not including personal information Not reusing passwords All of the above

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Question 4

Stablecoins such as USDT are fool proof because they can only be sent over the Ethereum network.

True False

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Question 5

What is the best way to defend against a phishing attack?

Install antivirus software Click on any links you have been sent to make sure they aren’t malicious Chat with the person who has sent you the message to see if they are a scammer Always lie to anyone who asks for personal information online None of the above

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Question 6

Private keys are represented as a series of random words.

True False

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Question 7

What is a rug pull?

A type of trading strategy that involves shorting the price of an asset in a downwards trajectory A well-known crypto influencer on Twitter A type of crypto scam where scammers hype a project and dump tokens once enough people have invested None of the above

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Question 8

Keeping your cryptocurrency in a cold wallet is more secure than keeping it in a hot wallet.

True False

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Question 9

What kind of personal information is it okay to include in a password?

Pet names Birth dates Street names Names of partners or parents None of the above

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Question 10

What is a good sign of a reputable crypto exchange?

Low fees and an extensive range of crypto A good range of security options, excellent customer support, and a high score on community review websites A large range of assets, a social media presence, and awesome TV ads They’ve been around a long time and have a lot of users None of the above

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