Welcome To Crypto Binance Quiz Answers | Learn & Earn $1 BUSD

Binance Welcome To Crypto Quiz Answers

Hello guys! Binance has introduced a new learn and earn course that can give you $1 BUSD instant. I have updated today’s Binance welcome to crypto quiz answers, check them out.

All you need to do is create a Binance account if you do not have account on this exchange and immediately complete KYC verification, not only for quiz but also for regular crypto earning offers from Binance exchange.

Please note that the welcome to crypto quiz may be account specific, which means one or more may or may not be available when you check the academy page after login.

Welcome to crypto guide will give you basic information of cryptocurrencies, how crypto wallets work, why KYC is essential before starting crypto journey.

Also if you have not taken other learn and earn quiz like Solana, Hashflow and Hooked protocol then you are a bit away from grabbing free SOL, HOOK and HFT crypto tokens.

Binance Welcome To Crypto Quiz Answers

Question 1. BNB Smart Chain and Ethereum network are different networks, similar to various banks. We need to select the correct deposit address to make a deposit. What steps should you follow to deposit your crypto into Binance? 

Answer – Check if Binance supports the token you are depositing > Select a deposit network that the withdrawal platform supports > Retrieve the deposit address from Binance > Proceed to deposit with the deposit address > Check and verify your deposit after the transaction has been processed on-chain

Question 2. What is a cryptocurrency?

Answer – A cryptocurrency is a form of digital cash that enables individuals to transmit value in a digital setting

Question 3. Why KYC (know your customer) matters? 

Answer – Select all the options

Question 4. The main benefit of keeping your crypto in a non-custodial wallet is that you won’t lose your crypto if you forget your password. True or false?

Answer – False

Question 5. I have noticed that my Ethereum and BSC wallet addresses are identical. However, it doesn’t matter if I choose to transfer my crypto asset to any of these two networks. True or false?

Answer – False

Bottom Line

A message will pop up on your screen after you submit the last quiz answer saying thankyou for participation, you have successfully completed the quiz.

48 hours later you will receive $1 BUSD cash voucher in your account. To redeem it, you need to go to Binance account > reward center > claim the BUSD cash voucher.

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