Revolut Crypto Quiz Answers (Latest) - Polkadot & 1inch Tests - GF

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Revolut cryptocurrency quiz is a part of the Revolut learn and earn program. It is a test set that allows Revolut users to earn Polkadot and 1inch tokens for correctly completing them. Currently, you can go through four tests on Revolut: Crypto basicsPolkadot1inch and Polkadot Bonus.

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Get the Revolut app here Crypto basics answers Crypto basics consist of 4 lessons and the same amount of tests. Please note that the actual amount varies between countries.

Answer: Government-issued money.

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Question 2: What are the main differences between fiat currencies and cryptocurrencies? Answer: Cryptocurrencies are decentralised, and a central authority controls fiat money. Question 3: Who validates transactions on the blockchain?

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Lesson 2 — Cryptography in crypto Question 1: Why is cryptography important for cryptocurrencies? Answer: It cryptography removes the need for a central authority, prevents double spending, and adds security. Question 2: What are private and public keys for cryptocurrencies?

Answer: A public key is like your account number, and your private key is like your password.

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  • Zuerst das Problem Zahlreiche User, vor allem etwas weniger geübte, stehen beim Einstieg in Kryptowährungen an.
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Question 3: Which statement is true about private and public keys? Lesson 3 — Basics of Blockchain Question 1: What is a Blockchain?

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Answer: A decentralised database. Question 2: Who can view the Blockchain?

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Answer: Anyone can view the Blockchain with a computer and an Internet connection. Question 3: What makes the Blockchain different from a regular database? Lesson 4 — Risks of crypto Question 1: What regulatory protections does your crypto have? Answer: None — crypto is not regulated in most countries worldwide. Question 2: How much can you lose if you buy cryptocurrencies? Answer: Everything!

Your investment could go to zero. Question 3: When would it not be suitable to buy cryptocurrencies? Answer: When one is in debt or cannot afford to lose the money invested. Revolut Polkadot answers Polkadot consists of 5 lessons and the same amount of tests.

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Lesson 1 — Intro to Polkadot Question 1: What are some limitations of early blockchains like Bitcoin? Answer: Slow transaction speeds, high fees and inability to communicate with other blockchains. Question 2: What is Web 3.

Answer: A new web built around decentralised technologies, where users have more control of their data. Question 3: How does Polkadot address some of the limitations of earlier blockchains? Answer: Polkadot allows multiple blockchains to communicate with each other and process transactions at the same time. You should be aware of some fees and limits when dealing with cryptocurrency withdrawals on the app.

You can see an estimate of the total fees on the confirmation page before the withdrawal. Crypto withdrawal limits — currently, there are investiere mit revolut in krypto to the total amount you can withdraw from Revolut crypto. The daily limit is GBP, and the monthly limit is 1, GBP.

Withdraw crypto from Revolut — send crypto to a wallet Revolut started to offer withdrawals to an external crypto wallet like Ledger or Trezor. The fee may vary slightly from an estimate you see in the app when withdrawing cryptos to a wallet. Is Revolut good for crypto? In our opinion, Revolut is not a good choice for crypto due to the high fees, lack of a withdrawal feature in most countries and small crypto asset list. We believe a 1. The amount you pay in fees can be reduced by changing the platform to eToro.

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If you upgrade your account type to Premium or Metal, you can reduce crypto fees by 0. Cryptoasset investing is highly volatile and unregulated in some EU countries.

No consumer protection. Tax on profits may apply. Revolut cryptocurrency limits on the app When buying cryptocurrencies on Revolut, you should bear in mind that there are some limits: No crypto staking.

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Higher fees than on other platforms. Limits on sending crypto outside the app or to an external wallet in most countries.

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If you upgrade your account type to Premium or Metal, you can reduce crypto fees by 0. Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Revolut cryptocurrency limits on the app When buying cryptocurrencies on Revolut, you should bear in mind that there are some limits: No crypto staking. Higher fees than on other platforms. Limits on sending crypto outside the app or to an external wallet in most countries.

How to buy crypto on Revolut? Time required: 2 minutes. If you have already downloaded the Revolut app and verified your account, it takes only a few simple steps to buy your first Bitcoin on the app: Go to the crypto section in the app The cryptocurrencies section on Revolut works similar to a cryptocurrency exchange. Pick a Cryptocurrency Pick a cryptocurrency you want to buy by checking the list or using the search function.

Wie man Bitcoin mit Revolut sofort kaufen kann

Specify the amount Enter the amount you would like to exchange for the crypto of your choice. You will be able to see the estimated fee amount that will be charged for the transaction. These are all the steps to buy your first Bitcoin on Revolut. You can reduce the fee amount by using other cryptocurrency platforms, i. Is Revolut safe for crypto? Cryptocurrencies carry a high level of risk, and they are not regulated in most countries.