What is a crypto wallet quiz

Question 1

What does a crypto wallet actually store?

Accepted Answer

The private keys that control coins recorded on the blockchain

Question 2

What is the main tradeoff of a custodial wallet?

Accepted Answer

You can recover your password but must trust the company holding your keys

Question 3

Why is a hardware wallet considered more secure than a browser extension?

Accepted Answer

The private key never leaves the device, even if your computer is infected

Question 4

Which is the correct way to handle a seed phrase?

Accepted Answer

Write it down offline and never enter it on a website

Question 5

What is a sensible practice before sending funds to a new address?

Accepted Answer

Send a small test amount and confirm the network and address

What is a crypto wallet: the quiz