Top 20 Cryptocurrency MCQs with Answers for Competitive Exams 2026
Cryptocurrency and blockchain technology are important topics for competitive exams, banking exams, GK quizzes, and current affairs preparation. Here are the Top 20 Cryptocurrency Multiple Choice Questions (MCQs) with Answers for 2026.
Cryptocurrency MCQs with Answers
1. What is the first cryptocurrency in the world?
A. Ethereum
B. XRP
C. Bitcoin
D. Litecoin
Answer: C. Bitcoin
2. Who is known as the creator of Bitcoin?
A. Vitalik Buterin
B. Elon Musk
C. Satoshi Nakamoto
D. Changpeng Zhao
Answer: C. Satoshi Nakamoto
3. Which technology is mainly used in cryptocurrencies?
A. Cloud Computing
B. Blockchain
C. Artificial Intelligence
D. Virtual Reality
Answer: B. Blockchain
Foreign Exchange Management Questions & Answers
4. Which cryptocurrency is known for smart contracts?
A. Dogecoin
B. Litecoin
C. Ethereum
D. Monero
Answer: C. Ethereum
5. What is the smallest unit of Bitcoin called?
A. Nano
B. Satoshi
C. Wei
D. Token
Answer: B. Satoshi
6. Which cryptocurrency was originally created as a meme coin?
A. Ethereum
B. Solana
C. Dogecoin
D. Cardano
Answer: C. Dogecoin
7. What does “HODL” mean in crypto trading?
A. Sell quickly
B. Hold on for dear life
C. Buy gold
D. Mine Bitcoin
Answer: B. Hold on for dear life
8. Which cryptocurrency is often called “digital gold”?
A. XRP
B. Cardano
C. Bitcoin
D. TRON
Answer: C. Bitcoin
9. What is crypto mining used for?
A. Designing coins
B. Used to finalize transactions
C. Printing currency
D. Creating bank accounts
Answer: B. Use to finalize transactions
10. Which cryptocurrency network uses “Ether” as its native token?
A. BNB
B. Ethereum
C. Solana
D. Avalanche
Answer: B. Ethereum
11. Which country became the first to adopt Bitcoin as legal tender?
A. India
B. Japan
C. El Salvador
D. United States
Answer: C. El Salvador
Explanation: El Salvador became the first country in the world to adopt Bitcoin as legal tender on September 7, 2021. This move aimed to boost financial inclusion and attract investment.
12. What is the process of keeping cryptocurrency in a secure place called?
A. Staking
B. Farming
C. Cold storage
D. Mining
Answer: C. Cold storage
13. Which of the following is a crypto exchange?
A. WhatsApp
B. Binance
C. Netflix
D. Telegram
Answer: B. Binance
14. What is the native cryptocurrency of the Solana blockchain?
A. SOL
B. ADA
C. XRP
D. AVAX
Answer: A. SOL
15. Which term refers to fear of missing out in crypto trading?
A. FUD
B. FOMO
C. ATH
D. DYOR
Answer: B. FOMO
Explanation: FOMO (fear of missing out) can influence investment decisions, especially in fast-moving markets like cryptocurrency.
16. What does NFT stand for?
A. Non-Financial Token
B. New File Technology
C. Non-Fungible Token
D. Network Finance Tool
Answer: C. Non-Fungible Token
17. Which cryptocurrency is associated with XRP Ledger?
A. XRP
B. Bitcoin
C. Ethereum
D. Polygon
Answer: A. XRP
18. What is the maximum supply of Bitcoin?
A. 10 million
B. 50 million
C. 21 million
D. 100 million
Answer: C. 21 million coins
19. Which crypto term means “Do Your Own Research”?
A. ATH
B. DYOR
C. DAO
D. DEX
Answer: B. DYOR
Explanation: DYOR(do your own research) is a fundamental principle in the cryptocurrency community. Seasoned cryptocurrency users frequently emphasize this term to remind others of the importance of conducting thorough due diligence before investing in any digital asset.
20. Gas Fees are Integral part of which coin?
A. Bitcoin
B. Ethereum
C. Tether
D. Litecoin
Answer: B. Ethereum
Explanation: Gas fees are transaction costs on the Ethereum blockchain, paid in Ether (ETH) or its fraction, gwei.
Frequently Asked Questions (FAQs)
What is cryptocurrency?
Cryptocurrency is a digital or virtual currency secured by cryptography and powered by blockchain technology.
Which is the most popular cryptocurrency?
Bitcoin is the most popular and valuable cryptocurrency in the world.
What is blockchain?
Blockchain is a decentralized digital ledger used to record cryptocurrency transactions securely.
Which exams ask cryptocurrency MCQs?
Cryptocurrency questions are asked in banking exams, SSC, UPSC, railway exams, state GK exams, and current affairs quizzes.
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