Take this Test to Find out your Bitcoin Knowledge – Answers

In our previous article, we listed out 20 questions to test your Bitcoin Knowledge. We hope you had taken the test and then come here to check out your answers. As mentioned earlier, don’t cheat, because if you do, well you are just cheating your own knowledge.

So here we go. But before mentioning the answers, we shall mention the 4 levels of Bitcoin Knowledge once again; so that you would be able to judge yourselves better.

There are basically 4 levels of Bitcoin knowledge –

  • Level 0 – ‘Newbie’: There has to be an initial step at all times, hence welcome, and congratulations for taking your first step.
  • Level 1 – ‘Beginner’: You are termed as a beginner if you get a score of 90%. But no, you aren’t that great at it, there’s plenty more to learn, so move on.
  • Level 2 – ‘Intermediate’: Same 90% pass rule. With this title, you are close to investing in bitcoin.
  • Level 3 – ‘Expert’: Same 90% pass rule. Once you pass, you sure know your stuff, but don’t keep it to yourself, make sure to spread the knowledge!

If you received lesser than 18, then don’t worry, this gives another chance to gain additional knowledge.

Go ahead in this fair manner, and slowly yet proudly, you can become the Bitcoin Knowledge expert.

More Insight –

Top 5 Bitcoins Myths That Needs To Be Busted

What is bitcoin? Here’s everything you need to know!


Answers to find out your Bitcoin Knowledge –

1 c. Satoshi Nakamoto. https://bitcoin.org/en/faq#who-created-bitcoin

2 a The Bitcoin Whitepaper

3 c Mt Gox

4 d 21 million

5 b,d China and Russia

6 e Dollarcoin

7 b,c Not Storage for personal ID, Not and Email account backup

8 c Block-chain

9 a Three. June to Nov 2011,March-April 2013,Nov ‘13 to April ‘14

10 d About every 10 minutes

11 e None of the above

12 b 3600.

13 c Jan 2009

14 d Miners

15 d Silk Road

16 a,d Paul Krugman,Warren Buffet

17 b Satoshi

18 c Sha256

19 c,e No longer Mt Gox,No longer GPU at home

20 a Instantaneously


So that’s it. Now, go ahead and share your score with others via the comment section! But remember, be sportive and don’t cheat!  🙂

1 comment

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Navaneetha Suresh

Navaneetha Suresh

Navaneetha, commonly known as "nav", loves to read, play badminton, play the keyboard and sing but when she's not doing any of those, she loves to write. What started as a high school hobby to write is now her ongoing passion.

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