Intermediate

Getting Monero Quiz

Test your understanding of the ways to acquire XMR.

Covers material from Getting Monero.

Taken 32 times so far.

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What does KYC mean for your privacy?

Your transactions are exempt from network fees Your identity is linked to your coins Your withdrawals are processed instantly Your coins are automatically mixed for privacy

What's a key advantage of a no-KYC instant swap?

No account or identity needed, into your own wallet It guarantees a better rate than any exchange It deposits directly into your bank account It always charges zero service fees

What hardware can mine Monero?

A dedicated hardware wallet device Only high-end graphics cards (GPUs) Only specialized ASIC machines An ordinary CPU/computer

Why withdraw to your own wallet after buying on a CEX?

So you control the coins, not the exchange To make your transactions confirm faster To earn the interest the exchange pays out Because exchanges must empty accounts by law

How do reputable P2P platforms solve the problem of who has to send first?

By letting either side cancel within an hour By having a trusted third party send funds first By using escrow that holds the seller's XMR until payment is confirmed By requiring both parties to pass KYC first

What makes Monero's RandomX mining algorithm notable?

It runs fastest on high-end graphics cards It lets phones mine as fast as computers It requires expensive ASIC machines It runs well on ordinary CPUs and resists ASICs

Why does mining never stop producing rewards on Monero?

A permanent tail emission of about 0.6 XMR per block continues forever Each new block pays a slowly shrinking reward that never quite ends Miners keep older block rewards in reserve to pay out Transaction fees alone rise enough to replace block rewards

Which payment method generally makes a P2P trade the most private?

A bank transfer between named accounts A gift card redemption tied to your email Cash handed over in person A payment app linked to your identity

Why can you freely combine different acquisition methods over time?

Because each wallet can only use one acquisition method Because Monero is fungible, so coins from every source mix indistinguishably Because each method permanently tags your coins by origin Because exchanges erase your coins' history on withdrawal

Q10

According to the choosing framework, what is the single biggest differentiator between acquisition methods?

Which wallet software they require How fast the coins arrive in your wallet How much they link your real-world identity to your coins How large a purchase each method allows

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