Binance Welcome to Crypto Quiz Answers

Welcome to Crypto Quiz

Binance welcome to crypto quiz answers: Take the new quiz on Binance to earn one entire BUSD token. From other quizzes you can earn up to $10.

All Binance KYC-verified users can begin to read the articles, watch the videos anytime from now, and complete quizzes from 6th July 07:00 AM (UTC) while token supplies last!

Qualified users get some SHIB, BUSD, or tokens on a first-come-first-served basis. Valid for both old and new Binance accounts.

Learn And Earn 1 BUSD Token

1. Tap on the link given below and signup or login to your Binance account.

2. Must complete your KYC verification which is mandatory for collecting rewards.

3. Visit the learn & earn quiz page from the Binance app or the website.

4. Take the quiz, complete it and get a reward of 1 BUSD token.

Binance Welcome to Crypto Quiz Answers

Q1. What is cryptocurrency?

Answer: A cryptocurrency is a form of digital cash that enables individuals to transmit value in a digital setting.

Q2. The main benefit of keeping your crypto in a non-custodial wallet is that you won’t lose your crypto if you forget your password. (True or false?) 

Answer: False

Q3. BNB Smart Chain and Ethereum network are different networks, similar to various banks. We need to select the correct deposit address to make a deposit. What steps should you follow to deposit your crypto into Binance? 

Answer: Check if Binance supports the token you are depositing > Select a deposit network that the withdrawal platform supports > Retrieve the deposit address from Binance > Proceed to deposit with the deposit address > Check and verify your deposit after the transaction has been processed on-chain.

Q4. I have noticed that my Ethereum and BSC wallet addresses are identical. However, it doesn’t matter if I choose to transfer my crypto asset to any of these two networks. (True or false?)

Answer: False

Q5. Why KYC(Know Your Customer) matters? 

Answer: Select all the options