Intermediate

Getting Monero Quiz

Test your understanding of the ways to acquire XMR.

Covers material from Getting Monero.

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What does KYC mean for your privacy?

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

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

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

What hardware can mine Monero?

Only specialized ASIC machines Only high-end graphics cards (GPUs) A dedicated hardware wallet device 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 Because exchanges must empty accounts by law To earn the interest the exchange pays out

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

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

What makes Monero's RandomX mining algorithm notable?

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

Why does mining never stop producing rewards on Monero?

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

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

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

Why can you freely combine different acquisition methods over time?

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

Q10

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

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

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