☀️QUIZ for Awareness of crypto wallets and trading:

1. What is the primary purpose of a cryptocurrency wallet?

a) To mine cryptocurrencies

b) To exchange cryptocurrencies for fiat money

c) To store and manage cryptocurrencies

d) To predict cryptocurrency market trends

2. Which of the following is NOT a common type of cryptocurrency wallet?

a) Hardware wallet

b) Paper wallet

c) Email wallet

d) Mobile wallet

3. What does the term "HODL" mean in the context of cryptocurrency?

a) High On Digital Liquidity

b) Hold On for Dear Life

c) Home of Decentralized Ledgers

d) Hyperactive Online Digital Lending

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

a) To display the current cryptocurrency balance

b) To initiate cryptocurrency transactions

c) To provide access to the public ledger

d) To track the market price of cryptocurrencies

5. Which cryptocurrency is often referred to as "digital gold" due to its store of value characteristics?

a) Bitcoin

b) Ethereum

c) Ripple (XRP)

d) Litecoin

6. What is a common strategy in cryptocurrency trading that involves buying low and selling high repeatedly?

a) Day trading

b) HODLing

c) Staking

d) ICO investing

7. Which regulatory term is often used to describe the process of verifying the identity of cryptocurrency users to prevent illegal activities?

a) KYC (Know Your Customer)

b) TPS (Transactions Per Second)

c) ATH (All-Time High)

d) FOMO (Fear Of Missing Out)

8. What is the blockchain technology underlying most cryptocurrencies designed to achieve?

a) Centralized control of financial systems

b) Transparency and immutability of transactions

c) Rapid inflation of digital assets

d) Encryption of user identities

Answers:-

1. c) To store and manage cryptocurrencies

2. c) Email wallet

3. b) Hold On for Dear Life

4. b) To initiate cryptocurrency transactions

5. a) Bitcoin

6. a) Day trading

7. a) KYC (Know Your Customer)

8. b) Transparency and immutability of transactions

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