Crypto security quiz

Which of the following statements about Changelly is FALSE?

There is no deposit storage

It is an instant exchange

It is a custodial exchange

When is an offline backup necessary?

When you have a lot of assets

If you don’t want to lose your assets

It’s not, you can just use online storage

Where can you enter the seed phrase for your hardware wallet besides the device itself?

A wallet recovery tool

In an email or other type of message to a customer support agent of an exchange that you have an account on

Into a file or document on your computer, but only as long as you’re not connected to the Internet and you never send that seed phrase anywhere else

None of the above

Which of the following is NOT an example of poor password practices?

Having 5-10 passwords you regularly use on different websites, some longer and more secure than others; the most secure passwords are used for the most important websites and applications

Using a password manager to generate secure, random, and unique passwords

Incorporating words or dates into your password to make it easier to remember e.g. monkey1994

Using similar passwords that vary only depending on the requirements of each particular website

Which of the following statements about Two Factor Authentication (2FA) is TRUE?

SMS-based 2FA is a safe and secure form of 2FA

Even if 2FA is required to log in, if the account can in any way be recovered through the use of a phone number that has been saved on the website, the account is not secure

It's okay to store your 2FA backup codes in your email inbox

It's only important to use app-based 2FA or hardware-based 2FA on accounts where you sometimes hold funds, e.g. exchanges

What type of services does CipherBlade provide?

Illuminating blockchain transactions

Recovering digital assets

Solving cybersecurity issues

All of the above

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