What is a Bitcoin wallet?
Bitcoin Wallet Basics

Quiz
•
Life Skills
•
9th - 12th Grade
•
Hard
Frank Murray
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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