Bitcoin Wallet Basics

Bitcoin Wallet Basics

9th - 12th Grade

12 Qs

quiz-placeholder

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Bitcoin Wallet Basics

Bitcoin Wallet Basics

Assessment

Quiz

Life Skills

9th - 12th Grade

Hard

Created by

Frank Murray

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Bitcoin wallet?

A physical coin used to store Bitcoin

A software or device that stores private and public keys to manage Bitcoin

A bank account for cryptocurrency

A cloud service for trading Bitcoin

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of Bitcoin wallets?

Software, hardware, and paper wallets

Gold, silver, and bronze wallets

Online, offline, and hybrid wallets

Mobile, desktop, and cloud wallets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a hot wallet and a cold wallet?

Hot wallets are physical; cold wallets are digital

Hot wallets are offline; cold wallets are online

Hot wallets are internet-connected; cold wallets are offline

Hot wallets store more Bitcoin; cold wallets store less

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a seed phrase, and why is it important?

A password for logging into exchanges; it protects your account

A 12-24 word sequence to back up and restore your wallet; losing it means losing funds

A code to unlock Bitcoin mining; it increases your earnings

A public address for receiving Bitcoin; it’s shared with others

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a Bitcoin wallet generate addresses?

By connecting to a central server for approval

Using your private key to create unique public addresses

By scanning a QR code from another wallet

Through a random number generator in the cloud

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a private key in a Bitcoin wallet?

It displays your wallet balance publicly

It signs transactions to allow spending Bitcoin

It encrypts your public address for privacy

It connects your wallet to the Bitcoin network

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can I recover my Bitcoin if I lose access to my wallet?

Yes, with your seed phrase on a new device or compatible software

No, lost wallets cannot be recovered under any circumstances

Yes, by contacting the Bitcoin network administrators

Only if you have a duplicate wallet on another device

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