
Cryptocurrency Quiz
Quiz
•
Other
•
University
•
Practice Problem
•
Hard
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115 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a cryptocurrency?
A physical form of money stored in a wallet
A digital or virtual currency secured by cryptography
Government-issued legal tender
A form of barter used online
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the primary purposes of Bitcoin was to:
Increase government control over money supply
Create a decentralized alternative to traditional banking systems
Replace all global currencies immediately
Launch a new stock exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary distinction between Bitcoin and altcoins?
Bitcoin is not a cryptocurrency, while altcoins are
Altcoins refer to any cryptocurrency other than Bitcoin
Altcoins are only used for gaming
Altcoins are created by the government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a second factor in 2FA?
Username
Password
SMS code or authenticator app code
Email address
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key feature of using a DEX compared to a centralized exchange?
Faster customer service
Custodial holding of assets
Direct wallet-to-wallet trading without third-party custody
Mandatory KYC for every trade
6.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Cryptocurrencies operate on a technology known as __________, which ensures transparency and decentralization.
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
__________ is a term used to describe all cryptocurrencies that are not Bitcoin.
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