Cryptocurrency Basics
This is the first and most famous cryptocurrency.
Bitcoin
This term refers to the rise in value of a cryptocurrency.
A bull market
This company, known for electric cars, has invested heavily in Bitcoin and even announced it would accept Bitcoin as payment.
Tesla
This is a major concern when it comes to cryptocurrency, as the value of coins can suddenly drop or rise due to market speculation.
Volatility
This cryptocurrency is often referred to as "digital gold" because it’s seen as a store of value.
Bitcoin
The system used to secure cryptocurrency transactions and ensure they are permanent is called this.
blockchain
This is the name for the decrease in the value of a cryptocurrency.
A bear market
This popular meme cryptocurrency saw its value soar after being endorsed by Elon Musk and others.
Dogecoin
The best way to invest in crypto is to do what
your research
The very first real-world transaction ever made using Bitcoin was for two of these.
Pizzas
The digital wallet that stores your cryptocurrency
crypto wallet
This is a system where no central authority (like a bank) controls transactions and records in the blockchain.
Decentralization
This government in 2021 officially recognized Bitcoin as legal tender, making it the first country to do so.
El Salvador
Which wallet is more prone to being hacked?
Hot wallet
This popular meme-inspired cryptocurrency was originally created as a joke but became widely known due to its strong community and celebrity endorsements.
Dogecoin
In cryptocurrency, this is the term used for the process of creating new coins and validating transactions.
Mining
Stores your private key offline
Cold Wallet
This exchange is the largest and most well-known platform for buying, selling, and trading cryptocurrencies.
Coinbase
You can only send and receive Bitcoin from
bitcoin addresses
Who invented cryptocurrency supposedly?
Nakamoto
The maximum number of Bitcoins that can ever exist is this number.
21 million
12-24 words you need to write down or memorize is also known as the
Secret Recovery Phrase
Which cryptocurrency does Ms. Glass think will make her the most money?
XRP
If you forget or lose this, you could lose access to your crypto funds permanently, with no way to recover them.
Private Key
This blockchain technology allows for the creation of decentralized applications and is the second-largest cryptocurrency by market cap after Bitcoin.
Ethereum