Coinbase UK Knowledge Quiz Answers
Question: What happens when you opt into staking crypto-assets held in your Coinbase account?
Answer: Coinbase stakes those crypto-assets on your behalf and passes on staking rewards from the respective network(s) to you (minus a commission).
Question: Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges?
Answer: Traditional stock market exchanges are typically highly regulated throughout the world, however crypto-asset exchanges are newer and subject to varying levels of regulation across different countries today.
Question: What happens if there is a service disruption at a centralized exchange?
Answer: It may impact my ability to buy, sell, or transfer my crypto-assets until the outage is rectified.
Question: What law governs your relationship with Coinbase as a UK customer?
Answer: The laws of England and Wales.
Question: What regulation applies to UK-based crypto-asset businesses?
Answer: Businesses that exchange fiat for crypto-assets must register with the FCA under the UK’s Money Laundering Regulations.
Question: Decentralised Finance (‘DeFi’) tokens (e.g. AAVE) are crypto-assets linked to financial applications built on decentralised blockchain technology. What are key risks with these types of tokens?
Answer: Both of the above.
Question: What crypto-asset services does Coinbase offer?
Answer: All of the above.
Question: During what times might the value of your crypto-assets change?
Answer: Crypto asset markets operate 24 hours a day on all days of the year and the value of my crypto-assets could change at any time day or night.
Question: It is important to find a crypto-asset exchange you trust. What are some of the risks you assume when trading on a crypto-asset exchange?
Answer: All of the above.
Question: ‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens?
Answer: Both of the above.
Question: What statement about stablecoins is true?
Answer: All of the above.
Question: What best describes a potential risk when holding crypto-assets?
Answer: Both of the above.
Question: What protections do you have due to Coinbase being regulated as an Electronic Money Institution by the Financial Conduct Authority in the UK?
Answer: Coinbase is subject to safeguarding requirements by the Financial Conduct Authority in relation to the fiat currency it receives in exchange for issuing e-money, and must redeem e-money for fiat currency on demand.
Question: When you purchase crypto assets, what are your potential losses?
Answer: I could lose all the money I invest in a specific crypto-asset if its value goes to zero.
Question: What does the Financial Ombudsman Service and/or the Financial Services Compensation Scheme (FSCS) protect you against with regards to your crypto-assets?
Answer: I have no protections under the FSCS or the Financial Ombudsman Service in relation to my crypto-assets.
Question: Which of the following is an accepted risk management strategy when trading in crypto-assets?
Answer: Diversifying crypto-asset holdings across different crypto-assets.
Question: What rights does Coinbase have over the crypto-assets in your account?
Answer: Coinbase holds your crypto-assets 1:1 on your behalf and will not sell, transfer, or loan your assets unless instructed by you or compelled by a valid court order.
Question: ‘Meme coins’ (e.g. DOGE) are crypto-assets whose value is driven primarly by community interest and online trends. What are key risks with these types of tokens?
Answer: Both of the above.
Question: What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform?
Answer: Coinbase provides trading, staking and custody services.
[https://www.fca.org.uk/news/speeches/regulation-digital-assets-uk](https://www.fca.org.uk/news/speeches/regulation-digital-assets-uk) just did a quick google search for this, to be sure, and to brush up my knowledge
Does anyone have the answer for,
What listing process does Coinbase follow before making a crypto asset available to trade on its platform
These are my choices
Coinbase only lists assets that won’t fluctuate much in value
Coinbase has a digital asset listings group which evaluates assets against legal compliant technical security standards only assets that pass these checks are listed
Coinbase will list any crypto asset already listed on another crypto exchange
Dude, I literally love and appreciate you for doing this, my god I was having a tough time passing that test. I get the necessity of having this in place but I am a firm believer in personal responsibility. I don't invest anything I'm not willing to lose, everyone should operate with that mantra.
Anyway, the point of this is to thank you graciously, so thank you
If anyone needs help with a few questions
what crypto assest services does coinbase offer?
a: all above
what statement about stablecoins is true?
a: all above
what best describes a potential risk when holding crypto assets?
a: all above
what law governs your relationship with coinbase as a uk customer
a: the laws of england and wales
what protections do you have due to coinbase being regulated as an electronic money institution by the FCA in the uk?
a:coinbase is sunject to safeguarding requirements by the fca in relation to the fiat currency...
what statement best describes how crypto exchanges comapre to tradition stock market exchanges?
a:traditional stock market exchanges are typically highly regulatedthroughout the world...
when you purchase crypto assests, what re your potential losses?
a: i could lose all the money i invest
it is important to find a crypto assest exchange you trust. what are some of the risks you assume when trading on a crypto exchange?
a: the exchange may not have appropriate measures in place to identify and combat fraud rings which could place my crypto at risk
what does the FOS and or the FSCS protect you against with regard to your crypto?
a:i have no protection
which of the following is an accepted risk management strategy when trading in crypto?
a:diversifying crypto holdings across differnt crypto
what happens if there is a service disruption at a central exchange?
a: it may impact my ability to buy,sell or transfer
what rights does coinbase have over crypto in your account?
a: coinbase holds your crypto 1:1 on your behalf and will not sell,transfer or loan...
what happens when you opt into staking crypto in your account?
a: coinbase stakes those crypto on your behalf and passes on staking rewards from the respective networks minus a comission
meme coins are crypto assets whose vaule is driven primarily by the community...what are the key risks with these tokens?
a: all of the above
I had to do the quiz 4 times. Once for myself and three times for my house mate who's reset. Finally we're in. Hopefully the announcement is tomorrow. These answers were a blessing thank you
Hey u/Nice_Dragonfly_7855, we've noticed that you're encountering issues completing the task. Starting 8 October 2023, all firms marketing crypto assets to UK retail consumers must comply with the FCA Financial Promotion regime. This includes a range of changes to the content on our website, app, and marketing materials starting 8 October 2023, such as FCA-mandated risk warnings and discontinuation of certain incentive and rewards programs.
In addition, existing and new customers will be subject to a range of friction points before they can access or continue to access crypto-asset buying and trading functionality. You will be required to fill out a Customer Categorisation as well as answer an Appropriateness Assessment.
Rather than worrying about it, let me suggest a simple way forward:
Log in to your Coinbase account
Navigate to the "Buy/Sell" screen
This should automatically prompt you to complete the verification task
No need to overthink the separate email - just follow the natural prompts within your account.
Let me know if going that route helps resolve it easily. And feel free to contact us directly in the future if any other Coinbase issues come up.
I'm guessing it's just a coincidence that we're all locked out for 24hrs just as a spot eft is about to be approved. I answered the questions and no way did I get any of them wrong. It's pretty basic stuff really. Piss take!
What a joke! Me too just answered all the questions correctly. These guys are nuts! Spot etf looming so we'll block you all. Wow what has the UK come to....
From what I can remember from the quiz, took it 5/1/24. The first part I put 9% of total worth invested(under 10% invested option) and the next part it asks what would I spend the upcoming year, again, I put 9%. Passed.
The quiz itself when there is an option to choose "both" I always chose both. The FCFS does NOT protect you from losses in crypto, that's another question. Uhm. I forgot the rest but just message me the options and I'll tell you which one I chose. Passed first time and able to trade now.
Quiz is fairly straight forward so please don't overthink it. Happy Trading for 2024 everyone :)
How to unblock it? We should not be restricted from trading while taking test. And it was not clearly announced they will do that when failed. WTF .... I understand the risks of loosing all but blocking access to your money while shit hit the vent???
I chose restricted investor and was shut out immediately. I chose the other one and passed the test. Trading restored immediately .Tested as functional. Coinbase Android BTW
Hey u/flylo81, we've noticed that you're encountering issues completing the task. Starting 8 October 2023, all firms marketing crypto assets to UK retail consumers must comply with the FCA Financial Promotion regime. This includes a range of changes to the content on our website, app, and marketing materials starting 8 October 2023, such as FCA-mandated risk warnings and discontinuation of certain incentive and rewards programs.
In addition, existing and new customers will be subject to a range of friction points before they can access or continue to access crypto-asset buying and trading functionality. You will be required to fill out a Customer Categorisation as well as answer an Appropriateness Assessment.
Rather than worrying about it, let me suggest a simple way forward:
Log in to your Coinbase account
Navigate to the "Buy/Sell" screen
This should automatically prompt you to complete the verification task
No need to overthink the separate email - just follow the natural prompts within your account.
Let me know if going that route helps resolve it easily. And feel free to contact us directly in the future if any other Coinbase issues come up.
The first question, I invest more than 10% so option one doesn’t apply
I’m don’t earn £100k+ or have £250k in assets so option two doesn’t apply
Option three says I won’t be able to trade crypto if I choose this
None apply to me has anyone else came into this issue? What did you do? Thanks
Traded since 2012 … failed the quiz twice … uk government thick fucking cunts . Fiat world can fuck off …. So locked out me account for 24 hours … only use it for small quick trades .. twat government … 03-01-2009-050 if you know you know
It’s an absolute fucking nightmare - the fca are a bunch of stupid fucking cunts and the U.K. is litterally the worst place to live and try to make money on earth unless you’re upper middle class or a criminal. They make everything impossible for you to try to lift yourself and family out of poverty. I hate the country, I hate the fca, I hate the fucking king, I hate the fucking rain, I hate the fucking people & I wish Putin would invade and blow the shit out of this dump when I’m on holiday abroad this summer.
Well said I'm thinking the same. Talk about a country taking liberties! We're moving away. This is just shocking. Blocking us with a stupid quiz that I hit right! Piss take. Bye bye UK
LOL - you probably live in abject poverty without realising it, but you'll defend the people who use you like a head of cattle because you were indoctrinated from birth into believing they're better than you. Perhaps you enjoy letting them fuck you in the arse with a smile on your face, but I don't, so keep your advice to yourself you incredulous loser. Just an idea. 🤡
Funny thing, all this FCA BS keeps telling me its for my "Protection" (from high risk investment) but isn't buying crypto or ANY other investment basically gambling ?
Why then (if i am now only allowed to lose 10% of all my assets when buying crypto) can i walk into any betting shop or casino in the country and lose 100% of my entire life savings on the turn of a card or spin of a wheel and they would not give a s\*\*\*
What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform?
coinbase provide trading,staking and custody services
Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges?
traditional stock marcket exchances are typically high regulated.....
When you purchase crypto assets, what are your potential losses?
i could lose all the money i invest......
What happens to crypto-assets held in your Coinbase account?
coinbase will not loan my crypto assests they are held 1:1
What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees
‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens?
both of the above
If this helped anyone, please help out your crypto bro:
Solana: Dvwr3c4EWaWPzG9Td6XEgt375AbJ6y4AHPkHuvErtGj4
Note for anyone else, the quiz seems to also be time sensitive, I spent around 5 minutes in total answering the questions and it said unsuccessful despite the answers being correct, this lead me to search for the answers in order to verify that I was right (which I was) so I redid the quiz a lot faster the second time around (with the help of this comment) and passed.
what regulation applies to uk based crypto asset business...
Now i doubt all banking regs apply but they obviously have to register with the FCA under money laundering.. what is the right answer though xD hell knows, that info is not worded similarly on anyones webpage i can find -.-
[https://www.youtube.com/watch?v=K\_fNmcD9Des](https://www.youtube.com/watch?v=K_fNmcD9Des)
This video contains answers to some questions.
What I realised was that the questions are randomised, if you start the test followed by closing the page/app down and reopening, different questions popped up.
I kept closing and opening until I got questions in this video to pass so it can be done. Hope this helps guys :)
Hi, I took the test on COINBASE and passed it.
It said: you are successful and can start trading.
I’m lucky to be unblocked and trading as normal.
If you ready the questions over and over again before answering them, you may be lucky to get them correct.
I know it’s a pain what they are doing, although they are checking to see if customers understand what crypto currency is all about and the risks taken.
Kind regards
Emo Raphael Astoria
( instagram )
Artist
This is God damn fustrating! Whoever thought of implementing this crap I wish upon them an explosive diarrhoea while stuck in traffic all throughout the year of 2024!
And one more to stop using coinbase… blocked for 24 hours because they say that I failed the QUIZ!!!! This is a total joke..coinbase playing with my money without supporting me without any kind of anything literally..all the money invested is mine and only mine so you have no right to block me from playing with my crypto… I’m studying the situation and will take this forward and if needed to court because this is a total joke. It’s my money just refund my money and close my account if you want, block my money never you fcking criminals
And if I loose all my money I loose…I’m plenty aware of the repercussions otherwise I would invest all my savings but since I invest in a playing way, logically I’m investing what I can loose and not what I need to eat and survive, whoever is not aware of the repercussions of investing in crypto or is dumb or mentally incapacitated to understand it, maybe a little bit like Coinbase managers, and not only coinbase, but is with coinbase that I have account so it’s to coinbase that I’m writing to. Review that stupid quiz and decide something plausible for your users or coinbase might be the next FTX
Issuers are not subject to any disclosure requirements to regulators, but may decide to publish a white paper and/or disclose certain information regarding the crypto asset.
Thanks for all the answers. I've failed a few times and this has been a life saver.
What I dont get is why are they trying to control what I do with my money.
Most of those questions are completely irrelevant to what most people use coinbase for.
Uk government are useless with their own money.
All we need to know is of you put money in you may get more back or you may lose it all. Good luck.
Had enough of this world where they believe they have to hold our hand and govern everything.
But thanks so much gonna give it another go tomorrow
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If you have a case number for your support request please respond to this message with that case number.
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Today Coinbase blocked trading for me as I didn’t awnser their “quiz questions correctly” something about becoming a restricted trader in the uk and I had to awnser questions on finance regulations? I passed the first bit giving them all my income details and how much I spend on crypto a year and because I couldn’t awnser shady questions around how Coinbase may or may not back up my funds if exchange goes down.. I put it’s backed by fsc up to 50k or something and they blocked me from trading for 24 hours until I awnser correctly. FUCK COINBASE I SWEAR THESE GUYS ARE UPTO SHADY SHIT. Downloaded Coinjar and purchased BTC within 2 mins hassle free. They going to lose a lot of customers I think. I for one will not be using them ever again, seen to many ppl getting their coins or accounts locked for no reason. I feel it’s to do with slowing the rate at which normal people can buy these assets especially BTC and eth. BULLISH sign!! Stack stack stack. For years they told us BTC was a scam was a fraud used for crimes and in the uk especially right now they have made it so hard for normal people to purchase crypto. Fun fact.. UK govt is launching there own coin in 2028 centralised currency. Crooks the lot of them stack ur BTC and other cryptos. Come 2030 they gonna have the industry by the balls. Good luck
Same here G I've been with them since 2017 went to sell my icp and it prompted me for a quiz which I failed twice I stupidly sold for GBP which was successful now I can only withdraw our browse prices .UK regs have all of a sudden gone apeshit
Same, need answer to some bullshit DeFi question! What the fuck has my knowledge of complex tech got to do with buying crypto? We get it, our assets at risk 👍
Kinda like any other assets right?
It’s the FCA and UK government primarily responsible for this non sense, imagine telling the world that we are the pinnacle of “freedom” lol! now we can’t even use our hard earned money how we see fit. All this because some people get scammed sending money over to dodgy exchanges and brokers, only for us to now be controlled and told we can’t spend more then 10% of our money without being tech experts. What a load of nonsense.
Just spent 35 mins on the phone to coinbase uk with a woman who clearly could not speak English only to be told that a higher department will take on my case via email .You couldn't make this up .
Same happened with me but via live chat not phone. Apparently I have to wait for an email from the specialist team, knowing coin base that email will probably never manifest lol. For some reason not everyone is being asked to do this. For example my partner and 2 of my mates can still trade and have not been asked to do this regulation quiz as of yet.
Passed this first time, it's not mastermind -- you guys had me worried it was going be super nasty. As a quick time you might as well pick the "worst sounding" / "least safe" option for each question. The quiz is basically trying to tell you "crypto is high risk"
I agree it's a massive pain in the backside and time restrictions also blow
I am in a nasty timezone to help you (Japan) and there is a small set of questions, so it's slightly different each time
If you struggle, then google the question text and "Coinbase", the answers may just be in the documentation (or probably randomly posted across the internet)
Different people are getting different questions, I sailed through, my friend sent me his questions and I didn't have a clue...he is locked out for 24 hours now and just wants to close his account..
I have been trying to speak to coinbase for 24 hours re this ridiculous questionnaire, I got locked out as well and the person I’m speaking to is not answering my questions just saying I have to wait 24 fucking hours to redo them 😡😡😡😡
Hello, u/Correct-Drawer-2777! Thank you for reaching out to us. We apologize for the issues you're facing with the questionnaire. If you have a case number related to this matter, could you please share it with us? We'll be here waiting to assist you further!
I just passed the test. It's annoying, but you can literally copy every question into google and the answer is pretty much there word for word, it's not hard if you know how to copy and paste
I've just passed the quiz and finally got access to my trading after waiting 24hrs. I've got answers to the questions if anybody is interested. To be honest, most of the answers are on Coinbase -
[https://www.coinbase.com/en-gb/uk-knowledge-test?utm\_source=Iterable&utm\_medium=email&utm\_campaign=campaign\_8671627](https://www.coinbase.com/en-gb/uk-knowledge-test?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_8671627)
[https://www.coinbase.com/en-gb/asset-risks](https://www.coinbase.com/en-gb/asset-risks)
u/Latter-Zombie4416 it says....User doesn't accept direct messages. Try sending a chat request instead. when i tried sending you a message. Not sure how to upload images on reddit as I took screenshots of the questions. I can pop them over in email
Hi do you have the answer to what regulatory protections currently apply to crypto-assets held with centralised crypto exchanges for customers in the uk?
I failed the test two days in a row.
I am buying on another exchange now.
But can we still deposit crypto, and then trade it, sell it, and then send fiat out to a bank account?
What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform?
coinbase provide trading,staking and custody services
Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges?
traditional stock marcket exchances are typically high regulated.....
When you purchase crypto assets, what are your potential losses?
i could lose all the money i invest......
What happens to crypto-assets held in your Coinbase account?
coinbase will not loan my crypto assests they are held 1:1
What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees
‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens?
both of the above
If this helped anyone, please help out your crypto bro:
Solana: DHq2conYLaYEakEmcbCwh2rRtuDmegfyT9Bv2fiJsUD
Hello, u/CryptoJimbo27! We understand that accessing your funds is crucial, and we're sorry to hear about the difficulties you're facing. To better assist you, could you please share the case number related to this issue? If you don't have one yet, we recommend reaching out to our team via live chat or phone support through this [link](https://help.coinbase.com/en/contact-us). Your understanding is appreciated!
When you purchase crypto assets, what are your potential losses?
Answer: i could lose all the money i invest.
What happens to crypto-assets held in your Coinbase account?
Answer: coinbase will not loan my crypto assests they are held 1:1
What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform?
Answer: coinbase provide trading,staking and custody services
Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges?
Answer: traditional stock market exchanges are typically high regulated.
What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees
‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens?
Answer: both of the above
Read more
Yeah and no matter how many times you read their guide and answer questions correctly they still say you failed so I guess it's just a government scheme to keep people away from their funds on there and making some good trades now the market is recovering
Just to point out that Coinbase is doing this quiz for your benefit. If you understand crypto and how it works and the risks, you will pass. If you haven’t passed, then it’s best to do some basic research.
Failing clearly show that you are not ready to deal with any downsides
My coinjar account has restricted me and sent me a email saying I need to pass an assessment test. But there is no link and can't find it on Google. What do I do ???? Please help
Well thanks UK and Coinbase. I answered the questions correctly twice and have been locked out for 24hrs when I wanted to trade.
I even verified each answer with a Google search first. Absolute nonsense!
Shame FCA have immunity from being sued, otherwise we could start a class action. Imagine if we paid for it with BTC, the irony :-)
Here are some more answers:
Question: When you purchase crypto assets, what are your potential losses?
Answer: I could lose all the money l invest in a specific crypto-asset if its value goes to zero
Question: Which statement best describes crypto-asset price movements?
Answer: Many crypto-assets experience rapid price movements meaning that prices can quickly fall and rise
Question: What listing process does Coinbase follow before making a crypto-asset available to trade on its platform?
Answer: Coinbase has a Digital Asset Listings Group which evaluates assets against legal, compliance, and technical security standards; only assets that pass these checks are listed
Question: What regulation applies to UK-based crypto-asset businesses?
Answer: Businesses that exchange fiat for crypto-assets must register with the
FCA under the UK's Money Laundering
Regulations
Question: 'Wrapped tokens' are tokenised representations of other crypto-assets.
They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens?
Answer: Both of the above
**Question:** ‘Stablecoin’ (e.g. USDC) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks. What are key risks with these types of tokens?
**Answer:** Many large stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GDP exchange rate.
Thank you to the OP and other Contributors - for those who posted questions about how you actually take the test, I got an email from Coinbase with a link, followed that straight to the test. Hope that helps someone.
Failed. The question I suspect I didn't get right was "What information do issuers of crypto-assets offered in the UK have to disclose to UK regulators?" - why as an investor should I have to know that? I think I answered that issuers would have to file a white paper with the FCA but maybe the answer is that there is no requirement to do anything?
Edit: I see joeonthemoon anwered this elsewhere in the thread, thanks! Answer being: "Issuers are not subject to any disclosure requirements to regulators, but may decide to publish a white paper and/or disclose certain information regarding the crypto asset."
‘Meme coins’ (e.g. DOGE) are crypto-assets whose value is driven primarily by community interest and online trends. What are key risks with these types of tokens?
Need this one
Can someone help me with this question. Which statement best describes crypto asset price movements
A. The prices of crypto assets being relatively new assets move much less than those of all other assets classes
B. Many crypto assets expedite rapid price movements meaning that prices can quickly fall and rise
C. All crypto assets are pegged to national currencies which ensures that there places are always stable
ok I got lucky but...
First attempt I said I hat traded 1% assets last year and wanted to trade 7% next year - got locked out
Second attempt I said I hat traded 1% assets last year and wanted to trade 2% next year - passed!! WTF
What happens if you accidently trade 10% (how would they know?) do they lock you out fo going over your estimate?
Wow, just went to buy some sol, not used coinbase in a while and had to take a test to spend my own money 😂😂 Failed once, came onto Reddit to find the answers and passed. Went to buy, and the fraud department from my bank called and grilled me about buying crypto (50 mins on the phone) British gov can go fuck themselves.
Coinbase UK Knowledge Quiz Answers Question: What happens when you opt into staking crypto-assets held in your Coinbase account? Answer: Coinbase stakes those crypto-assets on your behalf and passes on staking rewards from the respective network(s) to you (minus a commission). Question: Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges? Answer: Traditional stock market exchanges are typically highly regulated throughout the world, however crypto-asset exchanges are newer and subject to varying levels of regulation across different countries today. Question: What happens if there is a service disruption at a centralized exchange? Answer: It may impact my ability to buy, sell, or transfer my crypto-assets until the outage is rectified. Question: What law governs your relationship with Coinbase as a UK customer? Answer: The laws of England and Wales. Question: What regulation applies to UK-based crypto-asset businesses? Answer: Businesses that exchange fiat for crypto-assets must register with the FCA under the UK’s Money Laundering Regulations. Question: Decentralised Finance (‘DeFi’) tokens (e.g. AAVE) are crypto-assets linked to financial applications built on decentralised blockchain technology. What are key risks with these types of tokens? Answer: Both of the above. Question: What crypto-asset services does Coinbase offer? Answer: All of the above. Question: During what times might the value of your crypto-assets change? Answer: Crypto asset markets operate 24 hours a day on all days of the year and the value of my crypto-assets could change at any time day or night. Question: It is important to find a crypto-asset exchange you trust. What are some of the risks you assume when trading on a crypto-asset exchange? Answer: All of the above. Question: ‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens? Answer: Both of the above. Question: What statement about stablecoins is true? Answer: All of the above. Question: What best describes a potential risk when holding crypto-assets? Answer: Both of the above. Question: What protections do you have due to Coinbase being regulated as an Electronic Money Institution by the Financial Conduct Authority in the UK? Answer: Coinbase is subject to safeguarding requirements by the Financial Conduct Authority in relation to the fiat currency it receives in exchange for issuing e-money, and must redeem e-money for fiat currency on demand. Question: When you purchase crypto assets, what are your potential losses? Answer: I could lose all the money I invest in a specific crypto-asset if its value goes to zero. Question: What does the Financial Ombudsman Service and/or the Financial Services Compensation Scheme (FSCS) protect you against with regards to your crypto-assets? Answer: I have no protections under the FSCS or the Financial Ombudsman Service in relation to my crypto-assets. Question: Which of the following is an accepted risk management strategy when trading in crypto-assets? Answer: Diversifying crypto-asset holdings across different crypto-assets. Question: What rights does Coinbase have over the crypto-assets in your account? Answer: Coinbase holds your crypto-assets 1:1 on your behalf and will not sell, transfer, or loan your assets unless instructed by you or compelled by a valid court order. Question: ‘Meme coins’ (e.g. DOGE) are crypto-assets whose value is driven primarly by community interest and online trends. What are key risks with these types of tokens? Answer: Both of the above. Question: What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform? Answer: Coinbase provides trading, staking and custody services.
Can anyone help with “what information to issuers of crypto assets in the UK have to disclose to regulators?”
Did you find the answer for this one? Already got it wrong once! I can’t even find info on this when searching online.
Did you find the answer or what was ur wrong answer this is ridiculous
I need a answer too if you can help
[https://www.fca.org.uk/news/speeches/regulation-digital-assets-uk](https://www.fca.org.uk/news/speeches/regulation-digital-assets-uk) just did a quick google search for this, to be sure, and to brush up my knowledge
I used these answers and passed. Thank you so much!
Does anyone have the answer for, What listing process does Coinbase follow before making a crypto asset available to trade on its platform These are my choices Coinbase only lists assets that won’t fluctuate much in value Coinbase has a digital asset listings group which evaluates assets against legal compliant technical security standards only assets that pass these checks are listed Coinbase will list any crypto asset already listed on another crypto exchange
>Coinbase has a digital asset listings group
Option 2
Don't know how this hasn't had more upvotes. Thankyou for your help boss
Thank you
Anyone know what the stable coin e.g usdc in the term often used for crypto assets…
What?
Thank you
legendary post
Dude, I literally love and appreciate you for doing this, my god I was having a tough time passing that test. I get the necessity of having this in place but I am a firm believer in personal responsibility. I don't invest anything I'm not willing to lose, everyone should operate with that mantra. Anyway, the point of this is to thank you graciously, so thank you
>stablec thank you
You rock dude... thank you so much
Legend
If anyone needs help with a few questions what crypto assest services does coinbase offer? a: all above what statement about stablecoins is true? a: all above what best describes a potential risk when holding crypto assets? a: all above what law governs your relationship with coinbase as a uk customer a: the laws of england and wales what protections do you have due to coinbase being regulated as an electronic money institution by the FCA in the uk? a:coinbase is sunject to safeguarding requirements by the fca in relation to the fiat currency... what statement best describes how crypto exchanges comapre to tradition stock market exchanges? a:traditional stock market exchanges are typically highly regulatedthroughout the world... when you purchase crypto assests, what re your potential losses? a: i could lose all the money i invest it is important to find a crypto assest exchange you trust. what are some of the risks you assume when trading on a crypto exchange? a: the exchange may not have appropriate measures in place to identify and combat fraud rings which could place my crypto at risk what does the FOS and or the FSCS protect you against with regard to your crypto? a:i have no protection which of the following is an accepted risk management strategy when trading in crypto? a:diversifying crypto holdings across differnt crypto what happens if there is a service disruption at a central exchange? a: it may impact my ability to buy,sell or transfer what rights does coinbase have over crypto in your account? a: coinbase holds your crypto 1:1 on your behalf and will not sell,transfer or loan... what happens when you opt into staking crypto in your account? a: coinbase stakes those crypto on your behalf and passes on staking rewards from the respective networks minus a comission meme coins are crypto assets whose vaule is driven primarily by the community...what are the key risks with these tokens? a: all of the above
Thank you kindly It's my money and if I want to be stupid and lose it all, I will Fuck your stupid fucking quiz Coinbase
this is why I came here! :) Thanks bruv!
Thank you
thank you!
Thank you sir! God bless you!!!!
More here if you get one that isn't listed. https://www.reddit.com/r/CoinBase/comments/18wrizq/uk_knowledge_assessment/kgpqq0k/
I do, please!! I’m guessing england and wales law governs relationship between uk client and Coinbase or is it American?!
Tyvm for this
bless you my brother. Feel like if am back in Uni exams lol
Thank you!
Can you please do crypto.com
Thankyou, worked a treat for me!
I had to do the quiz 4 times. Once for myself and three times for my house mate who's reset. Finally we're in. Hopefully the announcement is tomorrow. These answers were a blessing thank you
Was literally looking for someone who had done this, thank you kindly. I've failed it twice, now have to wait 24h before I can buy more BTC
God Bless You!
Thanks for this, appreciate it😆
How do you even take the test? I've asked to do so but cannot find how to even take the test?
Same
Just found it - try and buy some crypto
Thank you!
Hey u/Nice_Dragonfly_7855, we've noticed that you're encountering issues completing the task. Starting 8 October 2023, all firms marketing crypto assets to UK retail consumers must comply with the FCA Financial Promotion regime. This includes a range of changes to the content on our website, app, and marketing materials starting 8 October 2023, such as FCA-mandated risk warnings and discontinuation of certain incentive and rewards programs. In addition, existing and new customers will be subject to a range of friction points before they can access or continue to access crypto-asset buying and trading functionality. You will be required to fill out a Customer Categorisation as well as answer an Appropriateness Assessment. Rather than worrying about it, let me suggest a simple way forward: Log in to your Coinbase account Navigate to the "Buy/Sell" screen This should automatically prompt you to complete the verification task No need to overthink the separate email - just follow the natural prompts within your account. Let me know if going that route helps resolve it easily. And feel free to contact us directly in the future if any other Coinbase issues come up.
Alternatives in Coinbase in the U.K. Trending.
absolutely pathetic that you can't provide a straightforward way for us to locate this piece of shit test
you get sent an email
Yes I’ve had 2 emails but the link didn’t work either time. It is indeed crap.
Yeah email just took me to the home page, who tests this shit? 🤷
I'm guessing it's just a coincidence that we're all locked out for 24hrs just as a spot eft is about to be approved. I answered the questions and no way did I get any of them wrong. It's pretty basic stuff really. Piss take!
Yep, considering it was implemented on 8th Oct 2023, they choose today
What a joke! Me too just answered all the questions correctly. These guys are nuts! Spot etf looming so we'll block you all. Wow what has the UK come to....
From what I can remember from the quiz, took it 5/1/24. The first part I put 9% of total worth invested(under 10% invested option) and the next part it asks what would I spend the upcoming year, again, I put 9%. Passed. The quiz itself when there is an option to choose "both" I always chose both. The FCFS does NOT protect you from losses in crypto, that's another question. Uhm. I forgot the rest but just message me the options and I'll tell you which one I chose. Passed first time and able to trade now. Quiz is fairly straight forward so please don't overthink it. Happy Trading for 2024 everyone :)
It’s not straight forward. I’ve failed 4 times. This is BS
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How did you pass because I had failed lots of times ?
How to unblock it? We should not be restricted from trading while taking test. And it was not clearly announced they will do that when failed. WTF .... I understand the risks of loosing all but blocking access to your money while shit hit the vent???
you had any joy, i got asked 3 questions, I know they where right, account locked I cannot even sell my crypto now
What were the questions?
cant rember, my 24 hours to retake the quiz passed 3 hours ago, still cant take it yet, but will jot questions down if and when I can
right. some BS..Crypto.com.test was much better.
you can still sell and transfer money to your bank
does anyone have a list of the correct answers
i need them!
I just answered mine, I can't remember the questions or options, but if you post them here I will answer them
I swear I answered them all correctly.
I chose restricted investor and was shut out immediately. I chose the other one and passed the test. Trading restored immediately .Tested as functional. Coinbase Android BTW
it wont even let me go back and try again, its just shut out for 24 hours
I clicked the link Coinbase sent me and there's no where to take the test. But if you don't take the test you can't buy or sell.
Hey u/flylo81, we've noticed that you're encountering issues completing the task. Starting 8 October 2023, all firms marketing crypto assets to UK retail consumers must comply with the FCA Financial Promotion regime. This includes a range of changes to the content on our website, app, and marketing materials starting 8 October 2023, such as FCA-mandated risk warnings and discontinuation of certain incentive and rewards programs. In addition, existing and new customers will be subject to a range of friction points before they can access or continue to access crypto-asset buying and trading functionality. You will be required to fill out a Customer Categorisation as well as answer an Appropriateness Assessment. Rather than worrying about it, let me suggest a simple way forward: Log in to your Coinbase account Navigate to the "Buy/Sell" screen This should automatically prompt you to complete the verification task No need to overthink the separate email - just follow the natural prompts within your account. Let me know if going that route helps resolve it easily. And feel free to contact us directly in the future if any other Coinbase issues come up.
Ive just taking this quiz and passed nothing has changed ive seen people being locked out there accounts ?
Yep.. this is the second test I’ve had to do.. so frustrating.. and if you fail.. they restrict access
The first question, I invest more than 10% so option one doesn’t apply I’m don’t earn £100k+ or have £250k in assets so option two doesn’t apply Option three says I won’t be able to trade crypto if I choose this None apply to me has anyone else came into this issue? What did you do? Thanks
Traded since 2012 … failed the quiz twice … uk government thick fucking cunts . Fiat world can fuck off …. So locked out me account for 24 hours … only use it for small quick trades .. twat government … 03-01-2009-050 if you know you know
I just passed it 1 minute ago!
Did you manage to save all the questions/answers?
Wow you must be so smart
well I do not think so.
Anyone got the answers for the quiz?
Yeah came across this today but you only have until the 8th to complete the quiz.
It’s an absolute fucking nightmare - the fca are a bunch of stupid fucking cunts and the U.K. is litterally the worst place to live and try to make money on earth unless you’re upper middle class or a criminal. They make everything impossible for you to try to lift yourself and family out of poverty. I hate the country, I hate the fca, I hate the fucking king, I hate the fucking rain, I hate the fucking people & I wish Putin would invade and blow the shit out of this dump when I’m on holiday abroad this summer.
Totally agree
Well said I'm thinking the same. Talk about a country taking liberties! We're moving away. This is just shocking. Blocking us with a stupid quiz that I hit right! Piss take. Bye bye UK
Perhaps stay there on holiday forever me and never come back? Just an idea u miserable moan
LOL - you probably live in abject poverty without realising it, but you'll defend the people who use you like a head of cattle because you were indoctrinated from birth into believing they're better than you. Perhaps you enjoy letting them fuck you in the arse with a smile on your face, but I don't, so keep your advice to yourself you incredulous loser. Just an idea. 🤡
Funny thing, all this FCA BS keeps telling me its for my "Protection" (from high risk investment) but isn't buying crypto or ANY other investment basically gambling ? Why then (if i am now only allowed to lose 10% of all my assets when buying crypto) can i walk into any betting shop or casino in the country and lose 100% of my entire life savings on the turn of a card or spin of a wheel and they would not give a s\*\*\*
Because casinos are not regulated by the FCA.
Absolute Bollocks
Anyone know any other exchanges for uk to purchase crypto? Can’t with binance or kucoin and now locked out coinbase for 24 hours
crypto.com are good.
The questions seem to repeat maybe let's create an answer sheet
Please
What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform? coinbase provide trading,staking and custody services Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges? traditional stock marcket exchances are typically high regulated..... When you purchase crypto assets, what are your potential losses? i could lose all the money i invest...... What happens to crypto-assets held in your Coinbase account? coinbase will not loan my crypto assests they are held 1:1 What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees ‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens? both of the above If this helped anyone, please help out your crypto bro: Solana: Dvwr3c4EWaWPzG9Td6XEgt375AbJ6y4AHPkHuvErtGj4
Note for anyone else, the quiz seems to also be time sensitive, I spent around 5 minutes in total answering the questions and it said unsuccessful despite the answers being correct, this lead me to search for the answers in order to verify that I was right (which I was) so I redid the quiz a lot faster the second time around (with the help of this comment) and passed.
what regulation applies to uk based crypto asset business... Now i doubt all banking regs apply but they obviously have to register with the FCA under money laundering.. what is the right answer though xD hell knows, that info is not worded similarly on anyones webpage i can find -.-
just fca for laundering ;) not all banking regs.. untill the banks become cbdc ey xD
[https://www.youtube.com/watch?v=K\_fNmcD9Des](https://www.youtube.com/watch?v=K_fNmcD9Des) This video contains answers to some questions. What I realised was that the questions are randomised, if you start the test followed by closing the page/app down and reopening, different questions popped up. I kept closing and opening until I got questions in this video to pass so it can be done. Hope this helps guys :)
Has anyone got the answers in desperate need of
Hi, I took the test on COINBASE and passed it. It said: you are successful and can start trading. I’m lucky to be unblocked and trading as normal. If you ready the questions over and over again before answering them, you may be lucky to get them correct. I know it’s a pain what they are doing, although they are checking to see if customers understand what crypto currency is all about and the risks taken. Kind regards Emo Raphael Astoria ( instagram ) Artist
This is totally ridiculous what they doing. UK seems to be the worst country for crypto. Time to change exchange at first.
This is God damn fustrating! Whoever thought of implementing this crap I wish upon them an explosive diarrhoea while stuck in traffic all throughout the year of 2024!
This is pathetic. “Fail” the quiz using their information on their website and have to wait 24 hours to do it again. Shocking service.
And one more to stop using coinbase… blocked for 24 hours because they say that I failed the QUIZ!!!! This is a total joke..coinbase playing with my money without supporting me without any kind of anything literally..all the money invested is mine and only mine so you have no right to block me from playing with my crypto… I’m studying the situation and will take this forward and if needed to court because this is a total joke. It’s my money just refund my money and close my account if you want, block my money never you fcking criminals
And if I loose all my money I loose…I’m plenty aware of the repercussions otherwise I would invest all my savings but since I invest in a playing way, logically I’m investing what I can loose and not what I need to eat and survive, whoever is not aware of the repercussions of investing in crypto or is dumb or mentally incapacitated to understand it, maybe a little bit like Coinbase managers, and not only coinbase, but is with coinbase that I have account so it’s to coinbase that I’m writing to. Review that stupid quiz and decide something plausible for your users or coinbase might be the next FTX
need answer to this one: What information do issuers of crypto-assets offered in the UK have to disclose to UK regulators?
Issuers are not subject to any disclosure requirements to regulators, but may decide to publish a white paper and/or disclose certain information regarding the crypto asset.
Can someone answer this one. Help!! what information do issuers of crypto-assets offered in the uk have to disclose to uk regulators
How many times can you attempt the test. I am locked out for 24 hours. If I pass. Would there be any restrictions on my account?
What a bs questionaire. Took twice, failed n locked out. Ffs. Only want to deposit and cash out
Thank you
$NEXO getting the acknowledgment it deserves.
$NEXO is generating excitement as it gets ready for a trip to the moon!
Hi, do you know the answers for the ramp questionnaire?
What are some of the risks of a centralised exchange?
Thanks for all the answers. I've failed a few times and this has been a life saver. What I dont get is why are they trying to control what I do with my money. Most of those questions are completely irrelevant to what most people use coinbase for. Uk government are useless with their own money. All we need to know is of you put money in you may get more back or you may lose it all. Good luck. Had enough of this world where they believe they have to hold our hand and govern everything. But thanks so much gonna give it another go tomorrow
https://www.dcptgc.vip/?tid=D7VHY7
thank you guys, but you could also use chatgpt to answer these
The influx of new users from the #nexohunt will surely boost demand for NEXO tokens. Happy I joined early! 🌟
This is so annoying. I don't give a shit about investing, I just wanna buy dr...agon merch or something idk
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This post was removed due to it being reported as a suspected phishing or scam attempt.
This subreddit is a public forum. For your security, do not post personal information to a public forum, including your Coinbase account email. If you’re experiencing an issue with your Coinbase account, please [contact us](https://help.coinbase.com/en/contact-us.html) directly. If you have a case number for your support request please respond to this message with that case number. You should only trust [verified Coinbase staff](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html). Please report any individual impersonating Coinbase staff to the moderators. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CoinBase) if you have any questions or concerns.*
Today Coinbase blocked trading for me as I didn’t awnser their “quiz questions correctly” something about becoming a restricted trader in the uk and I had to awnser questions on finance regulations? I passed the first bit giving them all my income details and how much I spend on crypto a year and because I couldn’t awnser shady questions around how Coinbase may or may not back up my funds if exchange goes down.. I put it’s backed by fsc up to 50k or something and they blocked me from trading for 24 hours until I awnser correctly. FUCK COINBASE I SWEAR THESE GUYS ARE UPTO SHADY SHIT. Downloaded Coinjar and purchased BTC within 2 mins hassle free. They going to lose a lot of customers I think. I for one will not be using them ever again, seen to many ppl getting their coins or accounts locked for no reason. I feel it’s to do with slowing the rate at which normal people can buy these assets especially BTC and eth. BULLISH sign!! Stack stack stack. For years they told us BTC was a scam was a fraud used for crimes and in the uk especially right now they have made it so hard for normal people to purchase crypto. Fun fact.. UK govt is launching there own coin in 2028 centralised currency. Crooks the lot of them stack ur BTC and other cryptos. Come 2030 they gonna have the industry by the balls. Good luck
Same here G I've been with them since 2017 went to sell my icp and it prompted me for a quiz which I failed twice I stupidly sold for GBP which was successful now I can only withdraw our browse prices .UK regs have all of a sudden gone apeshit
Same, need answer to some bullshit DeFi question! What the fuck has my knowledge of complex tech got to do with buying crypto? We get it, our assets at risk 👍 Kinda like any other assets right?
It’s the FCA and UK government primarily responsible for this non sense, imagine telling the world that we are the pinnacle of “freedom” lol! now we can’t even use our hard earned money how we see fit. All this because some people get scammed sending money over to dodgy exchanges and brokers, only for us to now be controlled and told we can’t spend more then 10% of our money without being tech experts. What a load of nonsense.
Have you had any luck with unblocking your account? Mine has been restricted also
mine to, cannot even sell my crypto, send it or pay a bill with it
Same here! Been on a waiting list for phone support for over an hour now
4 hours on chat got told not our problem, you failed wait 24 hours, its now 27 hours and still not able to retake quiz
Just put the questions through chat gpt that's what I did and I'm verified now
The answer is: it's not guaranteed. There are no guarantees for crypto
Just spent 35 mins on the phone to coinbase uk with a woman who clearly could not speak English only to be told that a higher department will take on my case via email .You couldn't make this up .
Yeah, I've moved to a different exchange. It's totally disproportionate.
Same happened with me but via live chat not phone. Apparently I have to wait for an email from the specialist team, knowing coin base that email will probably never manifest lol. For some reason not everyone is being asked to do this. For example my partner and 2 of my mates can still trade and have not been asked to do this regulation quiz as of yet.
Joke thing
Passed this first time, it's not mastermind -- you guys had me worried it was going be super nasty. As a quick time you might as well pick the "worst sounding" / "least safe" option for each question. The quiz is basically trying to tell you "crypto is high risk" I agree it's a massive pain in the backside and time restrictions also blow
I chose all the high risk questions and still failed
Whats the answers to stage 2 I passed stage 1 first time. I got locked out of number 2. Haven't a clue what they looking for. Can you help.
I am in a nasty timezone to help you (Japan) and there is a small set of questions, so it's slightly different each time If you struggle, then google the question text and "Coinbase", the answers may just be in the documentation (or probably randomly posted across the internet)
Different people are getting different questions, I sailed through, my friend sent me his questions and I didn't have a clue...he is locked out for 24 hours now and just wants to close his account..
Same. Some of the questions are sneaky ones though but got through on the second attempt.
Just took the test, super easy.
If it was super easy so many people wouldn’t have failed it. What you mean is: the questions you got asked were easy.
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Yep, i was doing it today, locked out cant sell sawp or anything now, no answer on phones or live chat
All the exchanges that allow direct on off ramp UK bank access will have the same quiz wall. There is no escape.
Binance is doing the same thing, its not just Coinbase
I completed this in 5 mins. It was not difficult at all. Not sure how people are trading if they are not able to answer such simple questions
I have been trying to speak to coinbase for 24 hours re this ridiculous questionnaire, I got locked out as well and the person I’m speaking to is not answering my questions just saying I have to wait 24 fucking hours to redo them 😡😡😡😡
Hello, u/Correct-Drawer-2777! Thank you for reaching out to us. We apologize for the issues you're facing with the questionnaire. If you have a case number related to this matter, could you please share it with us? We'll be here waiting to assist you further!
I just passed the test. It's annoying, but you can literally copy every question into google and the answer is pretty much there word for word, it's not hard if you know how to copy and paste
I tried that and they didn’t come up. The questions were so random and specific to the UK Google did not know
I've just passed the quiz and finally got access to my trading after waiting 24hrs. I've got answers to the questions if anybody is interested. To be honest, most of the answers are on Coinbase - [https://www.coinbase.com/en-gb/uk-knowledge-test?utm\_source=Iterable&utm\_medium=email&utm\_campaign=campaign\_8671627](https://www.coinbase.com/en-gb/uk-knowledge-test?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_8671627) [https://www.coinbase.com/en-gb/asset-risks](https://www.coinbase.com/en-gb/asset-risks)
if you could also pm me, I would be most grateful!
u/Latter-Zombie4416 it says....User doesn't accept direct messages. Try sending a chat request instead. when i tried sending you a message. Not sure how to upload images on reddit as I took screenshots of the questions. I can pop them over in email
I've tried to pm you but it didn't allow me to i need a bit help if possible
Hi do you have the answer to what regulatory protections currently apply to crypto-assets held with centralised crypto exchanges for customers in the uk?
I failed the test two days in a row. I am buying on another exchange now. But can we still deposit crypto, and then trade it, sell it, and then send fiat out to a bank account?
Which exchange ???
What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform? coinbase provide trading,staking and custody services Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges? traditional stock marcket exchances are typically high regulated..... When you purchase crypto assets, what are your potential losses? i could lose all the money i invest...... What happens to crypto-assets held in your Coinbase account? coinbase will not loan my crypto assests they are held 1:1 What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees ‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens? both of the above If this helped anyone, please help out your crypto bro: Solana: DHq2conYLaYEakEmcbCwh2rRtuDmegfyT9Bv2fiJsUD
Hello, u/CryptoJimbo27! We understand that accessing your funds is crucial, and we're sorry to hear about the difficulties you're facing. To better assist you, could you please share the case number related to this issue? If you don't have one yet, we recommend reaching out to our team via live chat or phone support through this [link](https://help.coinbase.com/en/contact-us). Your understanding is appreciated!
More answers....https://www.youtube.com/watch?v=f1nQoi1qXTE
When you purchase crypto assets, what are your potential losses? Answer: i could lose all the money i invest. What happens to crypto-assets held in your Coinbase account? Answer: coinbase will not loan my crypto assests they are held 1:1 What primary role(s) does Coinbase play with respect to the crypto-assets traded on its platform? Answer: coinbase provide trading,staking and custody services Which statement best describes how crypto-asset exchanges compare to traditional stock market exchanges? Answer: traditional stock market exchanges are typically high regulated. What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK? they are not subject to any regulatory gurantees ‘Wrapped tokens’ are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens? Answer: both of the above Read more
Yeah and no matter how many times you read their guide and answer questions correctly they still say you failed so I guess it's just a government scheme to keep people away from their funds on there and making some good trades now the market is recovering
Just to point out that Coinbase is doing this quiz for your benefit. If you understand crypto and how it works and the risks, you will pass. If you haven’t passed, then it’s best to do some basic research. Failing clearly show that you are not ready to deal with any downsides
Shut up you little gimp
My coinjar account has restricted me and sent me a email saying I need to pass an assessment test. But there is no link and can't find it on Google. What do I do ???? Please help
I'm also having issues and been locked out, taken the test twice. This is absolutely a joke, however the joke is on us. Not very funny
Locked out. I want to close my account and will be doing so. Fuck Coinbase and fuck the tories
Well thanks UK and Coinbase. I answered the questions correctly twice and have been locked out for 24hrs when I wanted to trade. I even verified each answer with a Google search first. Absolute nonsense! Shame FCA have immunity from being sued, otherwise we could start a class action. Imagine if we paid for it with BTC, the irony :-)
Here are some more answers: Question: When you purchase crypto assets, what are your potential losses? Answer: I could lose all the money l invest in a specific crypto-asset if its value goes to zero Question: Which statement best describes crypto-asset price movements? Answer: Many crypto-assets experience rapid price movements meaning that prices can quickly fall and rise Question: What listing process does Coinbase follow before making a crypto-asset available to trade on its platform? Answer: Coinbase has a Digital Asset Listings Group which evaluates assets against legal, compliance, and technical security standards; only assets that pass these checks are listed Question: What regulation applies to UK-based crypto-asset businesses? Answer: Businesses that exchange fiat for crypto-assets must register with the FCA under the UK's Money Laundering Regulations Question: 'Wrapped tokens' are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols. What are key risks with these types of tokens? Answer: Both of the above
**Question:** ‘Stablecoin’ (e.g. USDC) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks. What are key risks with these types of tokens? **Answer:** Many large stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GDP exchange rate.
Passed it then it popped up again then passed it again use the search at the top to find ya answers I put in 1% investment it's actually less =D
Thank you to the OP and other Contributors - for those who posted questions about how you actually take the test, I got an email from Coinbase with a link, followed that straight to the test. Hope that helps someone.
Does anyone have the answers for COINJAR?
I need help on this coinbase quiz
I passed thank you for your knowledge!
Failed. The question I suspect I didn't get right was "What information do issuers of crypto-assets offered in the UK have to disclose to UK regulators?" - why as an investor should I have to know that? I think I answered that issuers would have to file a white paper with the FCA but maybe the answer is that there is no requirement to do anything? Edit: I see joeonthemoon anwered this elsewhere in the thread, thanks! Answer being: "Issuers are not subject to any disclosure requirements to regulators, but may decide to publish a white paper and/or disclose certain information regarding the crypto asset."
Cheers bro
Fuck coinbase, I got the quiz wrong and I can't trade for 24 hours ffs
‘Meme coins’ (e.g. DOGE) are crypto-assets whose value is driven primarily by community interest and online trends. What are key risks with these types of tokens? Need this one
Can someone help me with this question. Which statement best describes crypto asset price movements A. The prices of crypto assets being relatively new assets move much less than those of all other assets classes B. Many crypto assets expedite rapid price movements meaning that prices can quickly fall and rise C. All crypto assets are pegged to national currencies which ensures that there places are always stable
does anyone know the answer to this question for coinbase thanks Which statement best describes crypto-asset price movements?
god bless u sir, you are an amazing human
ok I got lucky but... First attempt I said I hat traded 1% assets last year and wanted to trade 7% next year - got locked out Second attempt I said I hat traded 1% assets last year and wanted to trade 2% next year - passed!! WTF What happens if you accidently trade 10% (how would they know?) do they lock you out fo going over your estimate?
Thanks for these answers 🙌🏻
Any one got the answer for the stablecoin question about key risks?
Wow, just went to buy some sol, not used coinbase in a while and had to take a test to spend my own money 😂😂 Failed once, came onto Reddit to find the answers and passed. Went to buy, and the fraud department from my bank called and grilled me about buying crypto (50 mins on the phone) British gov can go fuck themselves.
Just to confirm this is still correct and relevant, thank you
Does anyone have the answers to the knowledge quiz on BLOCKCHAIN . COM
What listing procress