Intro to Crypto Exam

CRYPTO EXAM

Created on June 30, 2023 By

blkbrd.net

101: Intro to Crypto

The exam portion of the "101: Intro to Crypto" course tests your knowledge and understanding of the key concepts covered throughout the course. It consists of multiple-choice questions that assess your comprehension of topics such as cryptocurrency basics, blockchain technology, wallets, security practices, trading, and the broader implications of cryptocurrencies.

Course Duration: Self-paced, approximately 6 weeks

Prerequisites: None. This course is designed for beginners with no prior knowledge of cryptocurrencies.

1 / 21

What is the purpose of a cryptocurrency wallet?

To exchange one cryptocurrency for another

To mine new cryptocurrencies

To securely store and manage your cryptocurrency holdings

2 / 21

What is the role of a cryptocurrency exchange?

To facilitate the buying and selling of cryptocurrencies

To regulate the value of cryptocurrencies

To mine new cryptocurrencies

3 / 21

What are some common security best practices in cryptocurrency?

Regularly updating software and using strong passwords

Sharing personal information online for better transparency

Keeping private keys publicly accessible

4 / 21

What are Central Bank Digital Currencies (CBDCs)?

Cryptocurrencies created by commercial banks

Decentralized currencies not regulated by any central authority

Digital representations of fiat currencies issued by central banks

5 / 21

What is the total supply of Bitcoin that will ever exist?

21 million

1 million

10 million

6 / 21

What are Central Bank Digital Currencies (CBDCs)?

Digital representations of fiat currencies issued by central banks

Cryptocurrencies created by commercial banks

Decentralized currencies not regulated by any central authority

7 / 21

What is the blockchain?

A distributed ledger that records all cryptocurrency transactions

A decentralized exchange for buying and selling cryptocurrencies

A type of wallet used to store cryptocurrencies

8 / 21

Which of the following is an example of a hardware wallet?

MetaMask

Coinbase

Ledger Nano S

9 / 21

What is the process of converting a cryptocurrency into traditional fiat currency called?

Staking

Cash-out

HODLing

10 / 21

What are the advantages of using cryptocurrencies over traditional fiat currencies?

Increased privacy and security

Both a) and b)

Faster and cheaper cross-border transactions

11 / 21

How can cryptocurrencies potentially impact society?

By increasing financial inclusion and providing more accessible financial services

By creating a completely anonymous and untraceable financial system

By eliminating the need for traditional banks and financial institutions

12 / 21

What is the term used to describe the act of holding onto cryptocurrencies for an extended period with the expectation of price appreciation?

Mining

Trading

HODLing

13 / 21

What is the purpose of a whitepaper in the cryptocurrency world?

To provide step-by-step instructions on how to mine a cryptocurrency

To outline the technical details and vision of a cryptocurrency project

To advertise a new cryptocurrency to potential investors

14 / 21

What is DeFi (Decentralized Finance)?

A financial system built on blockchain technology, offering traditional financial services in a decentralized manner

A government agency responsible for regulating cryptocurrencies

A cryptocurrency exchange that is centralized and regulated

15 / 21

What is the term used to describe the rapid rise and fall of cryptocurrency prices?

Volatility

Bear market

Bull market

16 / 21

What is the purpose of stop-loss and take-profit orders in cryptocurrency trading?

To speed up the transaction process on exchanges

To protect against potential losses and secure profits

To provide liquidity to the market

17 / 21

Which cryptocurrency is often referred to as the "digital gold"?

Bitcoin

Ethereum

Ripple

18 / 21

What is a smart contract?

A document outlining the terms of a cryptocurrency investment

A legally binding agreement written in computer code

A type of cryptocurrency wallet

19 / 21

What is the term used to describe the process of verifying and adding transactions to the blockchain?

Trading

Mining

Storing

20 / 21

What is a cryptocurrency?

A type of digital currency that is regulated by central banks

A decentralized digital currency that uses cryptography for security

A physical form of currency such as coins and banknotes

21 / 21

What is two-factor authentication (2FA)?

A process that involves verifying your identity with two different types of information

A type of cryptocurrency mining algorithm

A method used to create new cryptocurrencies

Your score is

The average score is 100%

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CRYPTO EXAM

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Website

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Invest

Join the Flock

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let's soar!

Prepare to spread your wings as you learn the fundamentals of cryptocurrency and test your knowledge by taking our FREE Crypto Beginner’s Course. Join the BLKBRD flock!

Gym Lessons

Club Classes

101: Intro to Crypto

201: Blockchain Technology

301: Popular Cryptocurrencies

401: Get Started with Crypto

501: Cryptocurrency Trading Basics

601: Security & Best Practices

701: The Future of Crypto

Exam: Crypto for Beginners

Gym Lessons

Club Classes

101: Intro to Crypto

201: Blockchain Technology

301: Popular Cryptocurrencies

401: Get Started with Crypto

501: Cryptocurrency Trading Basics

601: Security & Best Practices

701: The Future of Crypto

Exam: Crypto for Beginners

CRYPTO EXAM

flocking ready?

come soar with us!

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Embrace the Future with BLKBRD: The Crypto Token Revolutionizing the Industry

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BLKBRD

Website

Meet BLKBRD

Invest

Join the Flock

News & Blog

Suppport

FAQ

Classes

Contact Us

Pricing

Basic Plan

Premium Plan

Pro Plan

let's soar!

Prepare to spread your wings as you learn the fundamentals of cryptocurrency and test your knowledge by taking our FREE Crypto Beginner’s Course. Join the BLKBRD flock!