Question 1

What is the function of crypto wallets?

Accepted Answer

Securely store, send, and receive cryptocurrencies

Answer

Play online games

Answer

Order food delivery

Answer

Book flight tickets

Question 2

What is the purpose of a private key in a cryptocurrency wallet?

Accepted Answer

To access and control your funds

Answer

To participate in hackathons

Answer

To send cryptocurrencies to others

Answer

To generate your wallet address

Question 3

Why is it important to keep your private key confidential and secure?

Accepted Answer

Sharing your private key compromises the security of your funds

Answer

It increases the value of your cryptocurrency

Answer

It helps to protect against market volatility

Answer

It helps to protect your funds against the government.

Question 4

How should a private key be stored to ensure maximum security?

Accepted Answer

Offline and in a secure location

Answer

Shared with trusted friends

Answer

Written on a public forum

Answer

Stored on a cloud server

Question 5

If you have 11 of 12 of your seed phrases, how much of your asset will you have access to?

Accepted Answer

None of your asset

Answer

All of your assets

Answer

Depends on if Metamask helps me recover it

Answer

Half of your assets

Question 6

What is the main benefit of using a secret phrase?

Accepted Answer

Enhancing the privacy and protection of your funds

Answer

Automatically earning interest on stored coins

Answer

Increasing the number of available cryptocurrencies

Answer

Improving transaction speeds

Question 7

Which type of crypto wallet is a hardware device like Ledger?

Accepted Answer

cold storage wallet

Answer

hot wallet

Answer

browser wallet

Answer

mobile wallet

Question 8

Which type of crypto wallet is an app like MiniPay or Valora?

Accepted Answer

mobile wallet

Answer

browser wallet

Answer

cold storage wallet

Answer

hot wallet

Question 9

Which type of crypto wallet offers the highest level of security?

Accepted Answer

cold storage wallet

Answer

hot wallet

Answer

mobile wallet

Answer

browser wallet

Question 10

One of these are ways to secure your wallet?

Accepted Answer

Sharing your seed phrase with friends

Answer

Providing your private keys to unknown sources

Answer

Alway double check your transactions before confirming

Answer

Clicking on random links through email

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