Crypto Quiz: Test Your Knowledge
What is Bitcoin?
A. A traditional bank
B. A decentralized digital currency
C. A government-issued paper currency
D. A social-media platform
Answer: B — Bitcoin is a decentralized digital currency that operates on a blockchain network.
stablecoin?
A. USDT
B. BTC
C. ETH
D. BNB
Answer: A — USDT is designed to track the value of the U.S. dollar, though stablecoins can still carry issuer, liquidity, and depegging risks.
What does “HODL” usually mean in crypto communities?
A. High-order digital ledger
B. Holding an asset through market volatility
C. A type of blockchain validator
D. A trading fee discount
Answer: B — It originated as a misspelling of “hold” and generally refers to keeping an asset rather than frequently trading it.
What is a private key?
A. A public wallet address
B. A secret credential that can authorize transactions
C. A username for an exchange account
D. A recovery email
Answer: B — Never share a private key or seed phrase. Anyone with it may be able to control the related assets.
What does DeFi stand for?
A. Decentralized Finance
B. Digital Finance Index
C. Defined Fiat Infrastructure
D. Direct Financial Insurance
Answer: A — DeFi refers to financial applications built on blockchain networks, often using smart contracts.
What is a smart contract?
A. A paper agreement signed by traders
B. Code on a blockchain that executes predefined rules
C. A guaranteed-profit investment plan
D. A hardware wallet feature
Answer: B — Smart contracts can automate actions, but code bugs, exploits, and protocol risks remain possible.
What is the main purpose of a public wallet address?
A. It lets others send crypto to the wallet
B. It reveals the wallet’s private key
C. It guarantees the transaction cannot fail
D. It hides all transaction activity
Answer: A — A public address can receive funds; it is different from the private key.
$BTC
$ETH
$SOL
What is Bitcoin?
A. A traditional bank
B. A decentralized digital currency
C. A government-issued paper currency
D. A social-media platform
Answer: B — Bitcoin is a decentralized digital currency that operates on a blockchain network.
stablecoin?
A. USDT
B. BTC
C. ETH
D. BNB
Answer: A — USDT is designed to track the value of the U.S. dollar, though stablecoins can still carry issuer, liquidity, and depegging risks.
What does “HODL” usually mean in crypto communities?
A. High-order digital ledger
B. Holding an asset through market volatility
C. A type of blockchain validator
D. A trading fee discount
Answer: B — It originated as a misspelling of “hold” and generally refers to keeping an asset rather than frequently trading it.
What is a private key?
A. A public wallet address
B. A secret credential that can authorize transactions
C. A username for an exchange account
D. A recovery email
Answer: B — Never share a private key or seed phrase. Anyone with it may be able to control the related assets.
What does DeFi stand for?
A. Decentralized Finance
B. Digital Finance Index
C. Defined Fiat Infrastructure
D. Direct Financial Insurance
Answer: A — DeFi refers to financial applications built on blockchain networks, often using smart contracts.
What is a smart contract?
A. A paper agreement signed by traders
B. Code on a blockchain that executes predefined rules
C. A guaranteed-profit investment plan
D. A hardware wallet feature
Answer: B — Smart contracts can automate actions, but code bugs, exploits, and protocol risks remain possible.
What is the main purpose of a public wallet address?
A. It lets others send crypto to the wallet
B. It reveals the wallet’s private key
C. It guarantees the transaction cannot fail
D. It hides all transaction activity
Answer: A — A public address can receive funds; it is different from the private key.
$BTC
$ETH
$SOL