Binance Learn and Earn Binance Bitcoin Basics Quiz Answers

Binance Learn and Earn is an educational initiative to complete quizzes to earn free crypto.

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You need to answer all questions in the quiz correctly to earn the rewards.

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Open the Binance app > Pro > Menu > More Services > Gift & Campaign > Learn & Earn.

Tap on the “Start Learning” button on the ongoing activity and tap on “Start Quiz” after you’ve finished the course.

This guide contains the Binance Learn and Earn Bitcoin Basics quiz answers to earn 0.00001 BTC in principal rewards.

Binance Learn and Earn Binance Bitcoin Basics Quiz Answers

Question: What is Bitcoin mining?

Answer: The process of verifying and adding new transactions to the blockchain

Question: What is the name of the first ever Bitcoin block?

Answer: Genesis Block

Question: What is the significance of thre Bitcoin halving event?

Answer: It reduces the block reward for miners

Question: What transactions do Bitcoin miners use to validate transactions?

Answer: Proof of Work

Question: When was the Bitcoin whitepaper published?

Answer: 2008

Question: What are the risks associated with investing in Bitcoin?

Answer: All alternatives are correct

Question: What is the maximum supply of Bitcoin?

Answer: 21 million units

Question: What is a key feature of Bitcoin’s blockchain?

Answer: Immutability

Question: Who is Satoshi Nakamoto?

Answer: The pseudonymous creator of Bitcoin

Question: What does each new block added to the Bitcoin blockchain contain?

Answer: A list of recent transactions and a link to the previous block

Question: Who created Bitcoin?

Answer: Satoshi Nakamoto

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