Academy Crypto Fundamentals Subject Test
1

Crypto Fundamentals — Subject Test

20 questions · Multiple choice · Pass with 70% · Results shown at the end
Question 1 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
0 of 20 answered
Question 2 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
0 of 20 answered
Question 3 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 4 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
0 of 20 answered
Question 5 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
0 of 20 answered
Question 6 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
0 of 20 answered
Question 7 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 8 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 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 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
0 of 20 answered
Question 11 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
0 of 20 answered
Question 12 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
0 of 20 answered
Question 13 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
0 of 20 answered
Question 14 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
0 of 20 answered
Question 15 of 20
What is the maximum supply of Bitcoin?
A
10 million
B
21 million
C
100 million
D
Unlimited
0 of 20 answered
Question 16 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
0 of 20 answered
Question 17 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 18 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
0 of 20 answered
Question 19 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
Question 20 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
0 of 20 answered
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