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Crypto vs Fiat: Knowing the Basics Quiz

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12 Questions

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Crypto vs Fiat: Knowing the Basics: a General level Cryptocurrency quiz. Test your knowledge with 12 questions!

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Questions

Question 1

What is a core difference between crypto and traditional money?

A Fiat is imaginary

B Crypto is paper

C Crypto is digital

D Fiat is digital

Question 2

What does 'decentralized' mean for cryptocurrency?

A No central authority

B Stored in physical vaults

C Only used by governments

D Controlled by one bank

Question 3

Can you hold physical Bitcoin in your hand?

A Only in cold weather

B Yes

C Only at banks

D No

Question 4

Traditional money is often called what?

A Satoshi

B Fiat

C Altcoin

D Token

Question 5

How are most traditional bank transactions verified?

A By a central bank

B By miners

C By blockchain

D By code only

📋 This quiz has 12 questions in total.