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Crypto Literacy Quiz

Welcome to the official Crypto Literacy Quiz. At the end of the assessment, you'll receive your score along with tailored educational content, powered by CoinDesk, to close any knowledge gaps. Before you begin, please complete these simple screening questions. The quiz should take no longer than 7-8 minutes.

Ready to see how you stack up?

In which country do you reside? *

How much do you know about cryptocurrencies? *

Never heard of them
Know the name only
Very little
A little
A moderate amount
A lot

How much do you know about the cryptocurrency Bitcoin? *

Never heard of it
Know the name only
Very little
A little
A moderate amount
A lot

Do you currently own any cryptocurrencies? *

Yes
No

How many different types of cryptocurrency do you own? *

1
2-5
6-10
11-20
20+

What stops you from investing in them? *

I think it’s too risky
I don’t have the income to invest at this time
I don’t understand or know enough about them
I don’t trust cryptocurrency companies
I don’t know how to or understand how to
Something else

Do you own any NFTs? *

Yes
No

How many NFTs do you own? *

1
2-5
6-10
11-15
16+

Now time for the real deal.

We appreciate your input, your answers will help us gauge crypto literacy rates around the world.

Ready to begin the quiz?

Which statement best describes a cryptocurrency? *

Money that can be stored physically or electronically
Paper dollars that can only be used for physical transactions
A digital or virtual currency secured by cryptography
Currency that can only be used for cross border remittance
I don’t know

What is the name for digital currencies that link their value to an underlying asset such as national currencies or precious metals? *

US Dollars
Stablecoins
Dogecoins
Bitcoins
I don’t know

What is a blockchain? *

A digital ledger where data is stored on a network of independent computers
A digital ledger that is created and managed by a company but is made available to the public
A government-facilitated platform for currency exchange
A type of computer created for bitcoin mining
I don’t know

What is cryptocurrency mining? *

A network of digital wallets sending and receiving digital assets to one another
The process of verifying and adding new transactions to the blockchain
A phone app where users solve puzzles and receive cryptocurrency as a reward
The process of mining precious metals to fund a crypto project’s development
I don’t know

How do blockchains make sure people don’t cheat or spend the same cryptocurrency multiple times? *

By requiring people to be vetted and verified before participating
They use consensus mechanisms like proof-of-work
By running each transaction through an online bank
They use public and private keys to keep out bad actors
I don’t know

The smallest unit of a dollar is called a cent. What is the smallest unit of bitcoin called? *

Gwei
Satoshi
HODL
BTC
I don’t know

Select all that apply. What does it mean to “stake” cryptocurrency? *

To launch a new coin with a new blockchain
To deposit your cryptocurrency in order to earn rewards
To lock up cryptocurrency in order to participate in a proof-of-stake blockchain
To claim a new block on a blockchain through mining
I don’t know

Ethereum, the second-largest cryptocurrency, changed from using proof-of-work to proof-of-stake in September. What’s one big reason why? *

To cut the energy costs of the blockchain by 99%
Because proof-of-work doesn’t work for large networks
Government regulators required it
Computer chip shortages made the move necessary
I don’t know

Select all that apply. Investors hold cryptocurrencies in digital wallets, which can be custodial or non-custodial. A non-custodial wallet means… *

Consumers take full ownership and responsibility for their crypto investments
There’s no one to call to recover your password
You are the bank
None of these
I don’t know

A public key is synonymous with: *

A crypto wallet address
A username on social media
A hard wallet
An email address
I don’t know

Select all that apply. Which of the following statements best describes decentralized finance, also known as DeFi? *

A system that is not controlled by a single source or entity
The process of removing middlemen like banks and brokerage firms from financial products
A new system of finance that uses smart contracts on blockchain
None of these
I don’t know

Select all that apply. What is a non-fungible token (NFT)? *

A token that represents a unique digital asset
A kind of cryptocurrency token that is not fungible
An avatar used by a celebrity online
A cryptocurrency used by normal financial traders
I don’t know

What’s the difference between a centralized and decentralized exchange? *

A centralized exchange is controlled by the government; a decentralized exchange is controlled by an individual.
A centralized exchange offers only one cryptocurrency; a decentralized exchange offers every cryptocurrency
A centralized exchange is a platform controlled by a single entity; a decentralized exchange is powered by decentralized applications.
I don’t know

What is a node? *

One of the computers or servers that run the blockchain’s software to validate and store the complete history of transactions on the network.
A cryptocurrency exchange
A digital crypto wallet
I don’t know

What gives a cryptocurrency its value? *

How the crypto is distributed
The utility of the crypto
Its supply and demand
All of the above
I don’t know

All Done!

Enter your email to get your results *

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By clicking ‘send me my results’ I agree to receive additional educational information from CryptoLiteracy.org.

CryptoLiterary.org™ is an industry resource for assessing and advancing the education and awareness of cryptocurrency around the world.

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