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Lesson # 1
Wallet Safety Best Practices
Blockchain Basics
1. What is the most secure way to back up your seed phrase?
A. Store it in a Google Drive document
B. Write it down on paper and keep it offline in a secure place
C. Save it in your phone’s notes app
D. Take a photo and email it to yourself
2. What is a key reason to use a hardware wallet like Ledger or Trezor?
A. It automatically doubles your crypto
B. It stores private keys offline for stronger security
C. It connects directly to exchanges
D. It doesn’t require a seed phrase
3. What does a multi-signature (multisig) wallet require for added security?
A. A new wallet address for every transaction
B. Two-factor authentication only
C. Approval from multiple private keys to complete a transaction
D. A browser extension to run
4. Why should you use separate wallets for trading, NFTs, DeFi, and cold storage?
A. To avoid paying too many gas fees
B. To increase your rewards from staking
C. To improve security, organization, and risk management
D. To qualify for more airdrops
5. What is a blockchain explorer like Etherscan or Solscan primarily used for?
A. Sending crypto to multiple users
B. Creating new wallet addresses
C. Viewing and verifying blockchain transactions and wallet activity
D. Backing up your seed phrase