tech

How Much Do You Really Know About Digital Currency? Take This Quiz To Find Out

Think you can score at least 6/8? :P

Cover image via Austin Distel (Unsplash) & Suriyawut Suriya (Vecteezy)

Follow us on Instagram, TikTok, and Telegram for the latest stories and breaking news. 

Whether you're a crypto pro or normie, there's no denying that cryptocurrency is here to stay

For crypto normies, cryptocurrency is a digital, encrypted, and decentralized medium of exchange. It is an online currency that no government or organisation controls. While this may seem all new to you, we're sure you have at least heard of the most popular cryptocurrencies, like Bitcoin, Ethereum, Tether, and Dogecoin, among countless other versions, at this point. 

Touted as the next big thing, crypto can be used to buy regular goods and services, although most people (crypto pros, basically) generally invest in cryptocurrencies as they would in other assets, like gold or stocks. 

Crypto is a huge market on its own. No matter how much of a pro you are, there are always new things to learn about the online currency, thanks to its fast-paced and ever-changing industry. 

Curious to know where you stand in the crypto-verse?

Take the trivia quiz below, and we'll let you know if you're a crypto normie, newbie, or pro!

Quiz not loading? Just hit 'Refresh' and try again!

Note: This quiz is for entertainment purposes only. Dun so serious, okay? :)

No matter your results, don't worry — Luno has got you covered from A to Z about cryptocurrency

Luno aims to make crypto inclusive and accessible for everyone, offering everything you need, including a community platform, investment and research tips, as well as in-depth studies and reports.

Plus, it's worthwhile to sign up with Luno, as it offers tiered 'Reward Levels' for users to earn more Bitcoin rewards the more they refer their friends

When you refer your friend, who then signs up for an account and invests in crypto, you'll both get rewarded with crypto.

How much crypto you earn depends on your reward level. The higher your level, the more crypto you'll earn. You'll level up each new month you buy or sell crypto, but this doesn't mean you have to perform a transaction every month consecutively.

There are a total of three levels:
- Level 1: Once you're signed up and verified
- Level 2: Buy or sell once a month for a total of 6 (six) months
- Level 3: Buy or sell once a month for a total of 12 (twelve) months

Each time you meet a criteria, you'll be notified of your new level. Your crypto reward will be paid out to you within 30 days after the person you referred buys some crypto.

Here's how to send a referral:
STEP 1:
Navigate to the 'Rewards screen' on the Luno app or website
STEP 2: Select REFER FRIENDS and share your unique code with them
STEP 3: Get them to sign up, enter your unique code, and buy RM250 worth of cryptocurrency on the instant buy feature on Luno

And voilà, you'll both get rewarded with crypto!

You can learn more about cryptocurrency on Luno's website

You can also access everything you need via Luno's app, available for download on Google Play and App Store

For more #tech stories on SAYS: