Binance Learn and Earn is an educational initiative to complete quizzes to earn free crypto.
To qualify, you must verify your identity, read the article, and watch the video(s).
You must answer all questions in the quiz correctly to earn the rewards.
Getting started: accounts.binance.com/register?ref=73583477 or use “73583477” as a referral code.
Open the Binance app > Pro > Menu > More Services > Gifts & Campaigns > Learn & Earn.
Tap the ‘Start Learning’ button on the ongoing activity and tap ‘Start Quiz’ after completing the course.
This guide contains the Binance Learn and Earn Bitcoin Basics Quiz Answers to earn 0.00001 BTC in main rewards.
Binance Learn and Earn Binance Bitcoin Basics Quiz Answers
Ask: What is Bitcoin mining?
Answer: The process of verifying and adding new transactions to the blockchain
Ask: What is the name of the first ever Bitcoin block?
Answer: Genesis block
Ask: What is the significance of the three Bitcoin halving events?
Answer: It reduces the block reward for miners
Ask: What transactions do Bitcoin miners use to validate transactions?
Answer: Proof of work
Ask: When was the Bitcoin whitepaper published?
Answer: 2008
Ask: What are the risks associated with investing in Bitcoin?
Answer: All alternatives are correct
Ask: What is the maximum supply of Bitcoin?
Answer: 21 million units
Ask: What is an important feature of Bitcoin’s blockchain?
Answer: Immutability
Ask: Who is Satoshi Nakamoto?
Answer: The pseudonymous creator of Bitcoin
Ask: What does each new block added to the Bitcoin blockchain contain?
Answer: A list of recent transactions and a link to the previous block
Ask: Who created Bitcoin?
Answer: Satoshi Nakamoto
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