Cryptocurrency Investing Quiz
Question 1 of 10
Beginner Level
1. What is Cryptocurrency?
A. Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It is decentralized and usually based on blockchain technology.
2. Which of the following is not a type of cryptocurrency?
C. Dollar is a type of fiat currency, not a cryptocurrency. Bitcoin, Ethereum, and Ripple are examples of cryptocurrencies.
3. What is Blockchain?
C. Blockchain is a type of distributed ledger that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.
Intermediate Level
4. What is HODL in the context of cryptocurrency?
B. HODL is an investment strategy in the context of cryptocurrency. It means to hold onto the cryptocurrency and not sell it, even when the prices are falling.
5. What is an Initial Coin Offering (ICO)?
C. ICO, or Initial Coin Offering, is a type of crowdfunding used by new cryptocurrency companies to raise capital. In ICO, some quantities of the newly issued cryptocurrencies are sold to investors in exchange for other established cryptocurrencies such as Bitcoin or Ethereum.
6. What is a cryptocurrency exchange?
B. A cryptocurrency exchange is a platform that allows customers to trade cryptocurrencies for other assets, such as conventional fiat money or other digital currencies.