Crypto Fundamentals Subject Test

Question 1 of 20

What is a block in blockchain?

A

A failed transaction

B

A group of transactions recorded together

C

A type of coin

D

A wallet address

0 of 20 answered

Question 2 of 20

What is a seed phrase?

A

A password for your email

B

A 12-24 word backup to recover your wallet

C

A type of mining reward

D

A trading signal

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Question 3 of 20

What is a public key?

A

Your wallet password

B

A secret number for signing transactions

C

An address others can send crypto to

D

A mining reward

0 of 20 answered

Question 4 of 20

What is Bitcoin?

A

A digital currency with no central authority

B

A type of stock

C

A government bond

D

A bank account

0 of 20 answered

Question 5 of 20

What is a private key?

A

Your exchange username

B

A secret code that proves ownership of crypto

C

The public address of your wallet

D

A transaction ID

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Question 6 of 20

What is a limit order?

A

An order executed immediately

B

An order to buy or sell at a specific price

C

A market order

D

A stop order

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Question 7 of 20

What is a crypto exchange?

A

A place to mine crypto

B

A platform to buy sell and trade cryptocurrencies

C

A type of wallet

D

A blockchain node

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Question 8 of 20

What is the order book?

A

A list of all trades completed

B

A list of all pending buy and sell orders

C

A trading journal

D

A blockchain record

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Question 9 of 20

What is market order?

A

An order to buy at a specific price

B

An order to buy or sell immediately at current price

C

A delayed order

D

A cancelled order

0 of 20 answered

Question 10 of 20

What is an altcoin?

A

Another name for Bitcoin

B

Any cryptocurrency other than Bitcoin

C

A failed cryptocurrency

D

A type of blockchain

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Question 11 of 20

What does KYC mean in crypto exchanges?

A

Know Your Coins

B

Keep Your Crypto

C

Know Your Customer — identity verification

D

Key Your Code

0 of 20 answered

Question 12 of 20

What is a hardware wallet?

A

A wallet on your phone

B

A physical device that stores crypto keys offline

C

A paper with your password

D

An exchange account

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Question 13 of 20

What is a crypto wallet used for?

A

Storing physical coins

B

Storing and managing private keys to access crypto

C

Mining new coins

D

Trading stocks

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Question 14 of 20

What does HODL mean in crypto?

A

A type of trading strategy

B

Sell immediately

C

Hold your coins long term

D

A blockchain protocol

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Question 15 of 20

What does market cap mean in crypto?

A

The maximum price of a coin

B

Total value of all coins in circulation

C

Daily trading volume

D

Number of exchanges listing the coin

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Question 16 of 20

What is the maximum supply of Bitcoin?

A

10 million

B

21 million

C

100 million

D

Unlimited

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Question 17 of 20

What is mining in cryptocurrency?

A

Digging for gold

B

The process of validating transactions and earning rewards

C

Buying coins on an exchange

D

Sending crypto to another wallet

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Question 18 of 20

What does decentralized mean?

A

Controlled by one central authority

B

No single entity controls the network

C

Only accessible in one country

D

Requires a bank account

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Question 19 of 20

What is a trading pair?

A

Two traders making a deal

B

The exchange rate between two cryptocurrencies

C

A type of wallet

D

A mining algorithm

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Question 20 of 20

What does blockchain technology provide?

A

Centralized control

B

Transparent and immutable record keeping

C

Anonymous banking

D

Fast credit card payments

0 of 20 answered