Understanding Bitcoin Wallets
Authored by Michael Piccolo
Business
11th Grade
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which wallet type allows recovery using a seed phrase?
HD wallet
Paper wallet
Desktop wallet
Brain wallet
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What feature does an HD wallet use to simplify backup?
PIN code
Biometric security
Seed phrase
Encryption
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which wallet type can be restored with a mnemonic phrase?
Brain wallet
Desktop wallet
HD wallet
Web wallet
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does SPV stand for in Bitcoin wallets?
Simple Public Validation
Single Payment Validation
Secure Private Verification
Simple Payment Verification
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of wallet requires internet connectivity?
Paper wallet
Hot wallet
Hardware wallet
Cold storage wallet
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which wallet type is advised against for storing large amounts of Bitcoins?
Hardware wallet
Web wallet
Paper wallet
HD wallet
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of wallet is typically connected to a web service?
Cold wallet
Hot wallet
Hardware wallet
Paper wallet
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