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?

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

What is the main idea of decentralization?

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

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

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

What problem does cryptocurrency primarily aim to solve?

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

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

Credit cards They are all completely free Cash Monero

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

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