Crypto Basics Quiz

Check your understanding of money, cryptocurrency, blockchains, wallets and how everyday payment methods compare.

Covers material from Crypto & Money Basics.

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What does a crypto wallet actually store?

Nothing — it's just an app Your bank details The actual coins as files Your private keys

What is the main idea of decentralization?

It's always anonymous It's faster than banks No single party controls it A company runs it efficiently

Why is a fixed or predictable supply important for sound money?

It makes coins prettier It resists debasement/inflation It speeds up transactions It removes all fees

What problem does cryptocurrency primarily aim to solve?

Replacing email Eliminating electricity use Needing to trust a third party with your money Making websites load faster

Which everyday payment method usually costs a merchant the most in percentage fees?

Cash Credit cards Monero They are all completely free

What makes cash and Monero different from cards and bank transfers for privacy?

They are slower to settle They can always be reversed They don't route through an intermediary that records the payment They are issued by a central bank