Cryptocurrency Quiz

Cryptocurrency Quiz

9th Grade

10 Qs

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Cryptocurrency Quiz

Cryptocurrency Quiz

Assessment

Quiz

Mathematics

9th Grade

Practice Problem

Medium

Created by

Ronnie Sockey

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are cryptocurrency hot wallets different from cold wallets?

Cold wallets are connected to the internet at all times.

Hot wallets don't need private keys.

Hot wallets are connected to the internet at all times.

Cold wallets don't need public keys.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is a cryptocurrency exchange different from a cryptocurrency wallet?

There is no difference since all wallets are hosted on exchanges.

Exchanges are only used to make transactions, not to store cryptocurrency.

Exchanges are offline whereas wallets are always connected to the internet.

An exchange controls your keys but you control your cryptocurrency.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one potential risk associated with a cryptocurrency hot wallet?

It could be hacked since it is offline at all times.

You could lose access if the exchange fails.

There are no risks associated with hot wallets.

It could be hacked since it online at all times.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best description to explain the difference between public and private keys for accessing cryptocurrency?

There really is not a difference between public and private keys for cryptocurrency.

Public keys are like an email address and private keys are like a password.

Public keys are like a password and private keys are like an email address.

Public keys are only used on public exchanges and private keys only for wallets.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kyron thought he successfully sent cryptocurrency to his friend. He has a confirmation that it was sent. But his friend showed him proof that she never received it. What did Kyron most likely do wrong?

He used the wrong public key.

He use the wrong private key.

He chose the wrong block on the blockchain.

He chose the wrong public ledger.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alex is interested in getting cryptocurrency but is concerned about security. He wants to store it in a way that he has control and is potentially the most secure. What storage method should he choose?

Hot wallet

Cryptocurrency exchange

Cold wallet

In a financial institution

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two features that help make cryptocurrency be secure?

Government oversight and cryptography

Backed by financial institutions and blockchain technology

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