{"id":175892,"date":"2026-05-17T12:37:40","date_gmt":"2026-05-17T07:07:40","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=175892"},"modified":"2026-05-17T12:53:36","modified_gmt":"2026-05-17T07:23:36","slug":"top-20-cryptocurrency-mcqs-with-answers-free","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/top-20-cryptocurrency-mcqs-with-answers-free\/","title":{"rendered":"Top 20 Cryptocurrency MCQs with Answers Free"},"content":{"rendered":"\n

Top 20 Cryptocurrency MCQs with Answers for Competitive Exams 2026<\/h1>\n\n\n\n

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<\/strong> for 2026.<\/p>\n\n\n\n

Cryptocurrency MCQs with Answers<\/h2>\n\n\n\n

1. What is the first cryptocurrency in the world?<\/h3>\n\n\n\n

A. Ethereum
B. XRP
C. Bitcoin
D. Litecoin<\/p>\n\n\n\n

Answer:<\/strong> C. Bitcoin<\/p>\n\n\n\n

2. Who is known as the creator of Bitcoin?<\/h3>\n\n\n\n

A. Vitalik Buterin
B. Elon Musk
C. Satoshi Nakamoto
D. Changpeng Zhao<\/p>\n\n\n\n

Answer:<\/strong> C. Satoshi Nakamoto<\/p>\n\n\n\n

3. Which technology is mainly used in cryptocurrencies?<\/h3>\n\n\n\n

A. Cloud Computing
B. Blockchain
C. Artificial Intelligence
D. Virtual Reality<\/p>\n\n\n\n

Answer:<\/strong> B. Blockchain<\/p>\n\n\n\n

Foreign Exchange Management Questions & Answers<\/a><\/small><\/h1>\n\n\n\n

4. Which cryptocurrency is known for smart contracts?<\/h3>\n\n\n\n

A. Dogecoin
B. Litecoin
C. Ethereum
D. Monero<\/p>\n\n\n\n

Answer:<\/strong> C. Ethereum<\/p>\n\n\n\n

5. What is the smallest unit of Bitcoin called?<\/h3>\n\n\n\n

A. Nano
B. Satoshi
C. Wei
D. Token<\/p>\n\n\n\n

Answer:<\/strong> B. Satoshi<\/p>\n\n\n\n

6. Which cryptocurrency was originally created as a meme coin?<\/h3>\n\n\n\n

A. Ethereum
B. Solana
C. Dogecoin
D. Cardano<\/p>\n\n\n\n

Answer:<\/strong> C. Dogecoin<\/p>\n\n\n\n

7. What does \u201cHODL\u201d mean in crypto trading?<\/h3>\n\n\n\n

A. Sell quickly
B. Hold on for dear life
C. Buy gold
D. Mine Bitcoin<\/p>\n\n\n\n

Answer:<\/strong> B. Hold on for dear life<\/p>\n\n\n\n

8. Which cryptocurrency is often called \u201cdigital gold\u201d?<\/h3>\n\n\n\n

A. XRP
B. Cardano
C. Bitcoin
D. TRON<\/p>\n\n\n\n

Answer:<\/strong> C. Bitcoin<\/p>\n\n\n\n

9. What is crypto mining used for?<\/h3>\n\n\n\n

A. Designing coins
B. Used to finalize transactions
C. Printing currency
D. Creating bank accounts<\/p>\n\n\n\n

Answer:<\/strong> B. Use to finalize transactions<\/p>\n\n\n\n

10. Which cryptocurrency network uses \u201cEther\u201d as its native token?<\/h3>\n\n\n\n

A. BNB
B. Ethereum
C. Solana
D. Avalanche<\/p>\n\n\n\n

Answer:<\/strong> B. Ethereum<\/p>\n\n\n\n

11. Which country became the first to adopt Bitcoin as legal tender?<\/h3>\n\n\n\n

A. India
B. Japan
C. El Salvador
D. United States<\/p>\n\n\n\n

Answer:<\/strong> C. El Salvador
Explanation:<\/strong> El Salvador<\/strong> 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.<\/p>\n\n\n\n

12. What is the process of keeping cryptocurrency in a secure place called?<\/h3>\n\n\n\n

A. Staking
B. Farming
C. Cold storage
D. Mining<\/p>\n\n\n\n

Answer:<\/strong> C. Cold storage<\/p>\n\n\n\n

13. Which of the following is a crypto exchange?<\/h3>\n\n\n\n

A. WhatsApp
B. Binance
C. Netflix
D. Telegram<\/p>\n\n\n\n

Answer:<\/strong> B. Binance<\/p>\n\n\n\n

14. What is the native cryptocurrency of the Solana blockchain?<\/h3>\n\n\n\n

A. SOL
B. ADA
C. XRP
D. AVAX<\/p>\n\n\n\n

Answer:<\/strong> A. SOL<\/p>\n\n\n\n

15. Which term refers to fear of missing out in crypto trading?<\/h3>\n\n\n\n

A. FUD
B. FOMO
C. ATH
D. DYOR<\/p>\n\n\n\n

Answer:<\/strong> B. FOMO
Explanation:<\/strong> FOMO (fear of missing out) can influence investment decisions, especially in fast-moving markets like cryptocurrency.<\/p>\n\n\n\n

16. What does NFT stand for?<\/h3>\n\n\n\n

A. Non-Financial Token
B. New File Technology
C. Non-Fungible Token
D. Network Finance Tool<\/p>\n\n\n\n

Answer:<\/strong> C. Non-Fungible Token<\/p>\n\n\n\n

17. Which cryptocurrency is associated with XRP Ledger?<\/h3>\n\n\n\n

A. XRP
B. Bitcoin
C. Ethereum
D. Polygon<\/p>\n\n\n\n

Answer:<\/strong> A. XRP<\/p>\n\n\n\n

18. What is the maximum supply of Bitcoin?<\/h3>\n\n\n\n

A. 10 million
B. 50 million
C. 21 million
D. 100 million<\/p>\n\n\n\n

Answer:<\/strong> C. 21 million coins<\/p>\n\n\n\n

19. Which crypto term means \u201cDo Your Own Research\u201d?<\/h3>\n\n\n\n

A. ATH
B. DYOR
C. DAO
D. DEX<\/p>\n\n\n\n

Answer:<\/strong> B. DYOR
Explanation:<\/strong> DYOR<\/strong>(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.<\/p>\n\n\n\n

20. Gas Fees are Integral part of which coin?<\/h3>\n\n\n\n

A. Bitcoin
B. Ethereum
C. Tether
D. Litecoin<\/p>\n\n\n\n

Answer:<\/strong> B. Ethereum
Explanation: Gas fees are transaction costs on the Ethereum blockchain, paid in Ether (ETH) or its fraction, gwei.<\/p>\n\n\n\n

Frequently Asked Questions (FAQs)<\/h2>\n\n\n\n

What is cryptocurrency?<\/h3>\n\n\n\n

Cryptocurrency is a digital or virtual currency secured by cryptography and powered by blockchain technology.<\/p>\n\n\n\n

Which is the most popular cryptocurrency?<\/h3>\n\n\n\n

Bitcoin is the most popular and valuable cryptocurrency in the world.<\/p>\n\n\n\n

What is blockchain?<\/h3>\n\n\n\n

Blockchain is a decentralized digital ledger used to record cryptocurrency transactions securely.<\/p>\n\n\n\n

Which exams ask cryptocurrency MCQs?<\/h3>\n\n\n\n

Cryptocurrency questions are asked in banking exams, SSC, UPSC, railway exams, state GK exams, and current affairs quizzes.<\/p>\n\n\n\n

SEO Keywords<\/h2>\n\n\n\n

Cryptocurrency MCQs, Blockchain MCQs, Bitcoin Quiz Questions, Crypto GK Questions, Cryptocurrency Questions and Answers, Bitcoin MCQs for Competitive Exams, Blockchain Technology Quiz, Crypto Current Affairs 2026, NFT MCQs, Bitcoin GK Questions.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

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? […]<\/p>\n","protected":false},"author":1,"featured_media":175902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[],"class_list":["post-175892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/175892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=175892"}],"version-history":[{"count":14,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/175892\/revisions"}],"predecessor-version":[{"id":175908,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/175892\/revisions\/175908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/175902"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=175892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=175892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=175892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}