Question 1

Which of the following services does NOT accept bitcoins?
A)Wordpress
B)Reddit
C)OkCupid
D)Alibaba

Accepted Answer

Alibaba does not accept bitcoins. Wordpress was one of the earliest vendors to allow users to pay with bitcoins, beginning in 2012. Reddit and OkCupid also both began accepting bitcoins in 2013.

Question 2

In February of 2013, this Internet mogul announced that he would accept bitcoins as payment for membership on his site.
A)Jeff Bezos.
B)Mark Zuckerberg.
C)Kim Dotcom.
D)Sean Parker.

Accepted Answer

In February of 2013, Kim Dotcom announced that he would accept bitcoins as payment for membership on his site. He allowed users to join his cloud-based, file-sharing site, Mega, for half a bitcoin.

Question 3

In 2013, a Bitcoin ATM opened up in which Canadian city?
A)Vancouver.
B)Toronto.
C)Montreal.
D)Calgary.

Accepted Answer

In 2013, a Bitcoin ATM opened up in Vancouver. Within the first eight days of its operation, more than $100,000 CAD was traded through the machine.

Question 4

Which of the following airlines announced in late 2013 that it would accept bitcoins as payment for its flights?
A)Virgin Atlantic
B)Jet Blue
C)Delta
D)Virgin Galactic

Accepted Answer

Virgin Galactic announced in late 2013 that it would accept bitcoins as payment for its flights. In November of 2013, Richard Branson, CEO of Virgin, stated that the company would accept bitcoins for its space flights.

Question 5

Which of the following is the largest US-based Bitcoin exchange?
A)MtGox.
B)Coinbase.
C)Bitstamp.
D)BTC-e.

Accepted Answer

Coinbase is the largest US-based Bitcoin exchange. The company, which is headquartered in San Francisco, was launched in 2002.

Question 6

In December of 2013, which of the following Chinese companies announced that they would no longer accept bitcoins?
A)Baidu.
B)Sinopec.
C)Alibaba.
D)Huawei.

Accepted Answer

In December of 2013, Baidu announced that they would no longer accept bitcoins. After the Chinese government issued a stern warning against Bitcoin, the Internet giant stopped accepting bitcoins.

Question 7

In late 2013, an orthopedic clinic in which of the following countries announced that they would accept bitcoins as payment?
A)Cyprus.
B)Lithuania.
C)Bulgaria.
D)Greece.

Accepted Answer

In late 2013,an orthopedic clinic in Lithuania announced that they would accept bitcoins as payment. Unfortunately, they have not yet had a client who was willing to pay with bitcoins.

Question 8

Merchants can accept bitcoins with which of the following apps?
A)Bitcoin Wallet.
B)BitPay.
C)Coinbox.
D)Coinbits.

Accepted Answer

Merchants can accept bitcoins with Coinbox. This app allows all merchants to accept bitcoins easily at the point of sale, and it does not currently charge a fee to process transactions.

Question 9

Which of the following mobile apps allows users to transfer bitcoins easily between one another?
A)Flick.
B)Coined.
C)BitPay.
D)Gliph.

Accepted Answer

Gliph allows users to transfer bitcoins easily between one another. This app is similar to another mobile app, Square, with the big difference that this app deals exclusively in bitcoins.

Question 10

One of the earliest Bitcoin transactions involved a man who agreed to purchase which of the following goods for roughly 10,000BTC?
A)A television.
B)A car.
C)A house.
D)A pizza.

Accepted Answer

One of the earliest Bitcoin transactions involved a man who agreed to purchase a pizza for roughly 10,000BTC. This exchange occurred when the value of a single bitcoin was less than $0.01; a pizza could be purchased today for only a fraction of a bitcoin.

Question 11

In December 2013, Bitcoin was in the headlines after a man in the United States purchased which of the following luxury cars with bitcoins?
A)A Tesla Model S.
B)A Ferrari FF.
C)A Lamborghini Aventador J,
D)An Audi R8,

Accepted Answer

In December, 2013, Bitcoin was in the headlines after a man in the United States purchased a Tesla Model S with bitcoins. A Florida man purchased a Tesla Model S from a Lamborghini dealership in California for 91.4 bitcoins.

Question 12

Which of the following companies accepts bitcoins?
A)eBay.
B)Amazon.
C)Overstock.
D)None of the above.

Accepted Answer

None of the above companies accept bitcoins. All of these major online retailers have not yet allowed users to pay with bitcoins.

Question 13

A franchise owner of which restaurant began accepting bitcoins as payment at a restaurant in Pennsylvania in late 2013?
A)Subway.
B)McDonald's.
C)Chipotle.
D)Panera Bread.

Accepted Answer

A Subway franchise owner began accepting bitcoins as payment at a restaurant in Pennsylvania in late 2013. Many Bitcoin enthusiasts have flocked to his restaurant, which has become a tourist attraction.

Question 14

Which of the following websites allows users to exchange gift cards for bitcoins?
A)www.cardpool.com
B)www. giftcarddrainer.com
C)www.plasticjungle.com
D)www. giftcardgranny.com

Accepted Answer

The website www. (giftcarddrainer.com) allows users to exchange gift cards for bitcoins. The service, however, only works with Visa, MasterCard, American Express, or Discover gift cards.

Question 15

Which of the following was the first mobile Bitcoin app?
A)MultiBit.
B)Bitcoin Wallet.
C)Armory.
D)Gliph.

Accepted Answer

Bitcoin Wallet was the first mobile Bitcoin app. This app is only available on Android devices, however.

Quiz 3: Usage

Which of the following services does NOT accept bitcoins?

In February of 2013, this Internet mogul announced that he would accept bitcoins as payment for membership on his site.

In 2013, a Bitcoin ATM opened up in which Canadian city?

Which of the following airlines announced in late 2013 that it would accept bitcoins as payment for its flights?

Which of the following is the largest US-based Bitcoin exchange?

In December of 2013, which of the following Chinese companies announced that they would no longer accept bitcoins?

In late 2013, an orthopedic clinic in which of the following countries announced that they would accept bitcoins as payment?

Merchants can accept bitcoins with which of the following apps?

Which of the following mobile apps allows users to transfer bitcoins easily between one another?

One of the earliest Bitcoin transactions involved a man who agreed to purchase which of the following goods for roughly 10,000BTC?

In December 2013, Bitcoin was in the headlines after a man in the United States purchased which of the following luxury cars with bitcoins?

Which of the following companies accepts bitcoins?

A franchise owner of which restaurant began accepting bitcoins as payment at a restaurant in Pennsylvania in late 2013?

Which of the following websites allows users to exchange gift cards for bitcoins?

Which of the following was the first mobile Bitcoin app?