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Quiz: Investing for Beginners

Investing strategies are a crucial part of succeeding in the crypto world. Test your knowledge of investing with this Swyftx Learn quiz.

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To complete this quiz you will need to get a score of 70% or higher. You can take this quiz as many times as you'd like to try and improve your score.

Question 1

Dollar-cost averaging is the practice of buying a dollar’s worth of Bitcoin every week.

True False

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Question 2

What is an important factor when choosing a reputable exchange to buy cryptocurrencies from?

Excellent customer support Very good security options Low trading fees User-friendly interface All of the above

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Question 3

Buying the dip is when you purchase a strong cryptocurrency that has dipped at least 5% in price.

True False

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Question 4

Why is it important to diversify your portfolio?

It’s more interesting to own many assets rather than just one To distribute risk and hedge against the volatile nature of individual cryptocurrencies You will always make more money if you own a large range of assets There are several tax benefits you can access by owning more than one digital asset None of the above

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Question 5

Every cryptocurrency will go through its own market cycle.

True False

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Question 6

What is demo mode on a cryptocurrency exchange?

A user-friendly version of the exchange website that demonstrates all of the platform features A feature that allows developers to release a demo version of their crypto project Demolition mode, which asks you to try and break the trading platform for rewards None of the above

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Question 7

Crypto is a better investment than stocks.

True False

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Question 8

What does a strong, diversified portfolio look like?

A large amount of Bitcoin 20 different meme coins An even split between Bitcoin and Ethereum A portion of Bitcoin and Ethereum, with the rest split between strong altcoins None of the above

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Question 9

All financial markets experience market cycles.

True False

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Question 10

What is the benefit of investing in cryptocurrencies?

24/7 trading Global accessibility Decentralized networks Potential for huge profits All of the above

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