Crypto wallet ultimate quiz

Ready to test your crypto knowledge? This short quiz will assess your understanding of crypto wallets, those essential tools for storing and managing your digital assets. We’ll cover different wallet types, security measures, and popular options. So, grab your thinking cap and dive in!

1.What is the primary function of a crypto wallet?

To mine cryptocurrency

To store, send, and receive cryptocurrency

To track cryptocurrency prices

To buy and sell cryptocurrency with fiat currency

2.What is a key security risk associated with paper wallets?

They are susceptible to hacking.

They can be easily lost or damaged.

They require a constant internet connection.

They are not compatible with mobile devices.

3.How are custodial wallets different from non-custodial wallets?

Custodial wallets offer higher interest rates.

Custodial wallets are managed by a third party, while non-custodial wallets are self-managed.

Non-custodial wallets require KYC verification.

Custodial wallets are only for mobile devices.

4.What information should be kept confidential to ensure the security of a non-custodial wallet?

Login credentials

Account balance

Public key

Seed phrase

5.Which of the following wallets is best suited for beginners?

Electrum

Metamask

Coinbase Wallet

KeepKey

6.What type of wallet is STON.fi DEX compatible with?

Hardware wallet only

Either custodial or non-custodial wallet

Custodial wallet only

Non-custodial wallet only

7.What is the primary advantage of SafePal compared to other cold wallets?

It offers a mobile app for easier management of the cold storage.

It has enhanced security features compared to other cold wallets.

It provides a more user-friendly interface for desktop users.

It offers a wider variety of supported cryptocurrencies.