Review questions
These questions are for your benefit — to help you check your own understanding. Read each question and try to answer it from memory before looking back through the course.
Section 1 — Understanding crypto
1. What is the key difference between cryptocurrency and regular (fiat) money?
2. What does it mean for a currency to be "decentralised"?
3. What is the maximum number of Bitcoins that will ever exist, and why does this matter?
4. Name three reasons an older adult might consider holding a small amount of Bitcoin.
Section 2 — How blockchain works
5. Describe a blockchain in your own words.
6. What is a "miner" and what role do they play?
7. What does "confirmation" mean in the context of a Bitcoin transaction?
Section 3 — Types of cryptocurrency
8. What is the main difference between Bitcoin and Ethereum?
9. What is a stablecoin and when might you use one instead of Bitcoin?
10. What does "HODL" mean and what is the strategy behind it?
Section 4 — Risk and security
11. Name three security measures you should take when setting up a crypto account.
12. What is a seed phrase and why is it so important to protect it?
13. Describe the "tech support scam" and how you would recognise it.
Section 5 — Exchanges and accounts
14. What does "KYC" stand for and why do regulated exchanges require it?
15. What is two-factor authentication (2FA) and how does Google Authenticator work?
Section 6 — Transactions and storage
16. What information do you need from someone to send them cryptocurrency?
17. What is the difference between a "hot wallet" and a "cold wallet"?
18. If you were going to store a significant amount of crypto long-term, what type of storage would you use and why?
"The cryptocurrency course was incredibly insightful! It made complex concepts easy to grasp, and I feel more confident navigating today's digital landscape."Steve C, Arkansas
Test yourself
Select your answer for each question, then see if you're right.
Q1. Which best describes the main purpose of this course?
The course is designed to demystify cryptocurrency for people who want to understand it at their own pace -- with simple language, practical examples and honest guidance.
Q2. You receive an email saying your computer was hacked and you must pay a fee in Bitcoin. What do you do?
No legitimate tech company ever demands payment in cryptocurrency. Delete the email and do not engage.
Q3. What is the safest way to store a large amount of crypto long-term?
Hardware wallets keep your private keys offline. Combined with a securely stored seed phrase, this is the gold standard for long-term crypto storage.
Q4. What is the best first step if you want to start with crypto?
Start small, start safe. A regulated exchange, a small initial investment, and 2FA enabled is all you need to begin your crypto journey with confidence.