Cryptocurrency Quiz

Cryptocurrency Quiz

University

115 Qs

quiz-placeholder

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Cryptocurrency Quiz

Cryptocurrency Quiz

Assessment

Quiz

Other

University

Practice Problem

Hard

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115 questions

Show all answers

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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