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Crypto Wallets: Storing Your Assets Quiz

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Crypto Wallets: Storing Your Assets: a General level Cryptocurrency quiz. Test your knowledge with 5 questions!

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Questions

Question 1

What should you NEVER share with anyone?

A The wallet brand name

B The current date

C Your seed phrase

D Your public address

Question 2

Why is a hardware wallet considered secure?

A It requires a password from a bank

B It stays offline

C It is made of metal

D It is very expensive

Question 3

Does a wallet need to be synced to the blockchain?

A Yes, to see your balance

B Only when you lose money

C No, it works offline only

D Only when you are sleeping

Question 4

Is a crypto exchange the same as a private wallet?

A Yes, they are identical

B Yes, if you have a password

C No, exchanges do not hold money

D No, exchanges hold the keys for you

Question 5

What is the best way to store a seed phrase?

A Take a photo and upload it to the cloud

B Write it on paper and keep it safe

C Post it on social media

D Save it in a text file on your desktop