Binance Learn and Earn is an educational initiative to complete quizzes to earn free crypto.
To be eligible, you must verify your identity, read the article, and watch the video(s).
You need to answer all questions in the quiz correctly to earn the rewards.
Get started: accounts.binance.com/register?ref=73583477 or use “73583477” as the referral code.
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
Further reading
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