Understanding Bitcoin Wallets

Which wallet type allows recovery using a seed phrase?

• HD wallet

• Paper wallet

• Desktop wallet

• Brain wallet

What feature does an HD wallet use to simplify backup?

• PIN code

• Biometric security

• Seed phrase

• Encryption

Which wallet type can be restored with a mnemonic phrase?

• Brain wallet

• Desktop wallet

• HD wallet

• Web wallet

What does SPV stand for in Bitcoin wallets?

• Simple Public Validation

• Single Payment Validation

• Secure Private Verification

• Simple Payment Verification

Which type of wallet requires internet connectivity?

• Paper wallet

• Hot wallet

• Hardware wallet

• Cold storage wallet

Which wallet type is advised against for storing large amounts of Bitcoins?

• Hardware wallet

• Web wallet

• Paper wallet

• HD wallet

Which type of wallet is typically connected to a web service?

• Cold wallet

• Hot wallet

• Hardware wallet

• Paper wallet

What is the main risk when using mobile wallets?

• Battery drainage

• Physical theft

• Security breaches

• Screen damage

What type of wallet is considered the most secure?

• Hardware wallet

• Mobile wallet

• Brain wallet

• Web wallet

What is a primary security feature of a hardware wallet?

• Internet connectivity

• Multi-factor authentication

• Seed phrase backup

• Online transaction signing