Get a 100% Score in Crypto Millionaire Quiz Answers with our correct answers. The Crypto Millionaire Quiz Show will consist of 20 questions. Complete the quiz and get your reward with 100% Accuracy. This quiz is offered from Trivia Bandit in which players try to solve the quiz.
Crypto Millionaire Quiz Answers
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Question 1: What is cryptocurrency?
Choices:-
- A technology that uses AI and ML algorithms to process transactions in a fast and efficient manner
- A safe way of encrypting online files
- A digital asset that functions as a medium of exchange
- A digital asset that is backed by physical assets
Correct Answer: A digital asset that functions as a medium of exchange
Question 2: When was the first cryptocurrency made available?
Choices:-
- 2007
- 1998
- 2011
- 2009
Correct Answer: 2009
Question 3: Which was the first cryptocurrency created?
Choices:-
- Bitcoin
- Ecash
- Ripple
- Ethereum
Correct Answer: Bitcoin
Question 4: In which technology is cryptocurrency based?
Choices:-
- Blockchain
- DSCT
- Genomics
- Artificial Intelligence and Machine Learning
Correct Answer: Blockchain
Question 5: What is a crypto Wallet?
Choices:-
- A software that safely stores credit cards online
- A device that scans and transforms physical money into digital currency
- Digital service for encrypting passwords
- Software that enables you to send and receive cryptocurrencies
Correct Answer: A software that enables you to send and receive cryptocurrencies
Question 6: What does the concept of “mining” mean in cryptocurrencies?
Choices:-
- Looking for cryptocurrency hidden in the Deep Web
- Stealing someone else’s cryptocurrency
- The process of adding new cryptocurrency to its ecosystem by solving a computational puzzle
- Sending cryptocurrency from one wallet to another
Correct Answer: The process of adding new cryptocurrency to its ecosystem by solving a computational puzzle
Question 7: Who is Satoshi Nakamoto?
Choices:-
- The inventor of Bitcoin and Blockchain
- The first investor of the Ethereum
- An Asian investor
- The inventor of Ethereum
Correct Answer: The inventor of Bitcoin and Blockchain
Question 8: Who received the first Bitcoin transaction?
Choices:-
- Marti Malmedy
- Hal Finney
- Laszlo Hanyecz
- Nakamoto Satoshi
Correct Answer: Hal Finney
Question 9: What is the smallest Bitcoin value?
Choices:-
- Satoshi
- Toshiba
- Nakamoto
- Mukashi
Correct Answer: Satoshi
Question 10: How many millions of Bitcoin units will be eventually available?
Choices:-
- 51 Million
- 21 Million
- 23 Million
- 22 Million
Correct Answer: 21 Million
Question 11: Can blockchain technology be used for something else than Cryptocurrencies?
Choices:-
- Obviously No
- Yes, Absolutely
- Not Sure
- No
Correct Answer: Yes, Absolutely
Question 12: In which countries is Bitcoin illegal?
Choices:-
- Colombia, Etiopia, Albania
- Cambodia, Ecuador, Nepal, Algeria, Bolivia, and Bangladesh
- None
- Curacao, Etiopia, Nigeria, Albania, Guatemala, and Afghanistan
Correct Answer: Cambodia, Ecuador, Nepal, Algeria, Bolivia, and Bangladesh
Question 13: Which government is in control of Bitcoin?
Choices:-
- China
- USA
- Russia
- None
Correct Answer: None
Question 14: Are cryptocurrency holders subject to taxes?
Choices:-
- Yes
- It depends on the country
- No
- Never
Correct Answer: It depends on the country
Question 15: Who are some famous people who have invested in Bitcoin?
Choices:-
- Tom Brady, Ellen Degeneres, Jamie Dimon
- Cristiano Ronaldo, Bill Harris, Shakira
- Myke Tyson, Ashton Kutcher, Gwyneth Paltrow, Floyd Mayweather Jr.
- Elon Musk, Tom Cruise, Warren Buffett
Correct Answer: Myke Tyson, Ashton Kutcher, Gwyneth Paltrow, Floyd Mayweather Jr.
Question 16: Which was the infamous site on the Deep Web where people could buy drugs and weapons with Bitcoin?
Choices:-
- Stealth Road
- Silk Road
- D Road
- The Pirate Bay
Correct Answer: Silk Road
Question 17: What is the last name of the identical twins that sued Facebook and became Bitcoin billionaires?
Choices:-
- Winchester
- Wimthos
- Winclethos
- Winklevoss
Correct Answer: Winklevoss
Question 18: In 2010 a man paid for two pizzas with 10,000 Bitcoins. Today those pizzas would be worth it?
Choices:-
- Around US$ 10,000,000
- Around US$ 200,000,000
- Around US$ 50,000,000
- Around US$ 100,000,000
Correct Answer: Around US$ 100,000,000
Question 19: Who was the first person to become a millionaire with Bitcoin?
Choices:-
- Rich Smith
- Douglas Diamond
- Stanislav Liaskovska
- Roger Ver
Correct Answer: Roger Ver
Question 20: If a person would have invested US$10 in Bitcoin at the end of 2010 and sell those Bitcoin today, how much money would he/she have made?
Choices:-
- Around US$ 30,000
- Around US$ 3,000
- Around US$ 350,000
- Around US$ 3,000,000
Correct Answer: Around US$ 350,000
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Final Thoughts
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