Ledger Wallet: MCQ Learning Guide
1. What is a Ledger Wallet?
- A) A mobile payment app
- B) A hardware cryptocurrency wallet
- C) A web browser extension
- D) An online bank
Answer: B) A hardware cryptocurrency wallet
2. Which Ledger Wallet devices are most popular?
- A) Ledger Nano S and Ledger Nano X
- B) Ledger Nano A and B
- C) Ledger Pro
- D) Ledger Cloud
Answer: A) Ledger Nano S and Ledger Nano X
3. What is the main purpose of Ledger Wallet?
- A) Trading cryptocurrencies instantly
- B) Securely storing cryptocurrency private keys offline
- C) Mining Bitcoin
- D) Sending emails
Answer: B) Securely storing cryptocurrency private keys offline
4. How do Ledger Wallets connect to a computer?
- A) Via Bluetooth only
- B) Via USB cable or Bluetooth
- C) Via Wi-Fi
- D) No connection needed
Answer: B) Via USB cable or Bluetooth
5. What is a recovery phrase in Ledger Wallet?
- A) A password for the device
- B) A 24-word backup to restore funds
- C) A username
- D) A two-factor authentication code
Answer: B) A 24-word backup to restore funds
6. Can Ledger Wallet be hacked if stored properly?
- A) Yes, always
- B) No, if private keys remain offline
- C) Only through phishing emails
- D) Only if connected to Wi-Fi
Answer: B) No, if private keys remain offline
7. Ledger Live software is used for:
- A) Browsing the internet
- B) Managing Ledger Wallet cryptocurrency accounts
- C) Emailing friends
- D) Mining cryptocurrency
Answer: B) Managing Ledger Wallet cryptocurrency accounts
8. Which of the following is safe practice for Ledger Wallet?
- A) Sharing your recovery phrase online
- B) Keeping recovery phrase offline in a safe place
- C) Writing PIN on the device
- D) Using public Wi-Fi to access Ledger Live
Answer: B) Keeping recovery phrase offline in a safe place
9. How many cryptocurrencies can Ledger Wallet support?
- A) Less than 10
- B) 50-100
- C) Over 5000
- D) Only Bitcoin
Answer: C) Over 5000
10. Ledger Wallet firmware should be updated:
- A) Never
- B) Only when device breaks
- C) Regularly, via Ledger Live
- D) Randomly
Answer: C) Regularly, via Ledger Live
