Hardware Wallets MCQs January 8, 2026September 29, 2025 by u930973931_answers 50 Score: 0 Attempted: 0/50 Subscribe 1. : What is the main purpose of a hardware wallet? (A) To store private keys offline (B) To speed up transactions (C) To mine cryptocurrency (D) To reduce gas fees 2. : Which of the following is a well-known hardware wallet? (A) MetaMask (B) Ledger Nano S (C) Trust Wallet (D) Coinbase Wallet 3. : Hardware wallets are considered what type of wallets? (A) Hot Wallets (B) Cold Wallets (C) Exchange Wallets (D) Custodial Wallets 4. : Trezor is an example of a? (A) Mobile Wallet (B) Hardware Wallet (C) Web Wallet (D) Exchange Wallet 5. : What is the biggest advantage of hardware wallets? (A) Free to use (B) Convenience in daily spending (C) High-level offline security (D) Unlimited transactions 6. : Which of these is a drawback of hardware wallets? (A) Susceptible to hacking (B) Requires internet access (C) Physical loss or damage risk (D) No seed phrase option 7. : Which company manufactures Trezor wallets? (A) Ledger (B) SatoshiLabs (C) Binance (D) Trust Wallet 8. : Ledger is a hardware wallet company based in? (A) USA (B) France (C) Germany (D) Switzerland 9. : Hardware wallets store keys in? (A) Cloud storage (B) USB devices (C) Dedicated secure chips (D) Paper backups 10. : What do you need to recover your wallet if lost? (A) PIN code only (B) Password (C) Seed phrase (D) USB drive 11. : Which of these is NOT a hardware wallet? (A) Ledger Nano X (B) Trezor Model T (C) MetaMask (D) KeepKey 12. : Hardware wallets are mainly used for? (A) Quick payments (B) Long-term storage of assets (C) Reducing transaction fees (D) Mining crypto 13. : The PIN code on hardware wallets is used to? (A) Sign transactions online (B) Protect against unauthorized access (C) Replace private keys (D) Reduce fees 14. : Which hardware wallet is known for touchscreen functionality? (A) Ledger Nano S (B) Trezor Model T (C) KeepKey (D) MetaMask 15. : Hardware wallets are most vulnerable to? (A) Internet viruses (B) Malware attacks (C) Physical theft or loss (D) Exchange hacks 16. : What must be done to use a hardware wallet with crypto apps? (A) Connect to the internet directly (B) Pair with desktop or mobile software (C) Upload private keys online (D) Remove PIN protection 17. : Which hardware wallet supports Bluetooth connectivity? (A) Trezor One (B) Ledger Nano X (C) KeepKey (D) Ledger Nano S 18. : Why are hardware wallets safer than hot wallets? (A) No passwords required (B) Operate completely online (C) Keys remain offline (D) Unlimited free usage 19. : Hardware wallets are considered most secure for? (A) Day-to-day transfers (B) Holding large amounts of crypto (C) Trading on exchanges (D) NFT marketplaces 20. : What is the first step when setting up a new hardware wallet? (A) Connecting to an exchange (B) Writing down the seed phrase (C) Depositing Bitcoin immediately (D) Disabling PIN protection 21. : Which hardware wallet was among the first ever created? (A) Ledger Nano X (B) Trezor One (C) KeepKey (D) Coldcard 22. : KeepKey hardware wallet is owned by which company? (A) Binance (B) Ledger (C) ShapeShift (D) Kraken 23. : What is a common feature across all hardware wallets? (A) Cloud backups (B) Offline key storage (C) Free transactions (D) Unlimited staking 24. : Hardware wallets can be compromised if? (A) Lost with seed phrase exposed (B) Connected to an infected computer (C) Firmware is outdated (D) All of the above 25. : Which hardware wallet supports multiple cryptocurrencies? (A) Ledger Nano X (B) Trezor (C) KeepKey (D) All of the above 26. : Hardware wallets are classified as? (A) Hot storage (B) Cold storage (C) Semi-hot storage (D) Cloud storage 27. : Which type of investor is best suited for hardware wallets? (A) Short-term traders (B) Long-term holders (C) NFT artists (D) Exchange operators 28. : A hardware wallet must be connected to sign? (A) Passwords (B) Private messages (C) Blockchain transactions (D) Software updates 29. : Which hardware wallet is known for being open-source? (A) Ledger Nano (B) Trezor (C) Trust Wallet (D) Coinbase Wallet 30. : Losing a hardware wallet without backup means? (A) Assets are safe and recoverable (B) All funds may be lost (C) Wallet regenerates itself (D) No impact 31. : Hardware wallets are often shaped like? (A) Smartphones (B) USB devices (C) Paper slips (D) Credit cards 32. : Which hardware wallet includes open-source firmware? (A) Trezor (B) Ledger (C) MetaMask (D) Trust Wallet 33. : The security of hardware wallets depends heavily on? (A) Strong internet speed (B) Exchange verification (C) Keeping the seed phrase safe (D) Cloud backups 34. : Which hardware wallet introduced color touchscreen support? (A) Ledger Nano S (B) KeepKey (C) Trezor Model T (D) MetaMask 35. : Hardware wallets sign transactions by? (A) Exposing private keys (B) Running offline signing process (C) Connecting to cloud servers (D) Exporting passwords 36. : Which hardware wallet is known for supporting over 5,000 tokens? (A) Ledger Nano X (B) Trezor Model T (C) KeepKey (D) MetaMask 37. : Which wallet type provides the best defense against phishing? (A) Hot Wallet (B) Hardware Wallet (C) Web Wallet (D) Exchange Wallet 38. : The backup phrase of a hardware wallet is typically how many words? (A) 6 (B) 12 or 24 (C) 32 (D) 48 39. : Firmware updates in hardware wallets are necessary for? (A) Reducing fees (B) Security patches and new coin support (C) Removing seed phrases (D) Increasing mining speed 40. : Which hardware wallet is known for integrating with MetaMask? (A) Ledger Nano (B) Coinbase Wallet (C) Trust Wallet (D) BitPay Wallet 41. : Coldcard wallet is specifically focused on which coin? (A) Ethereum (B) Bitcoin (C) Litecoin (D) Ripple 42. : Which hardware wallet has an in-built display for verification? (A) Ledger Nano S (B) MetaMask (C) Web Wallet (D) Coinbase Wallet 43. : Hardware wallets do not store crypto directly, they store? (A) Coins physically (B) Passwords (C) Private keys (D) Blockchain data 44. : Which hardware wallet allows passphrase protection in addition to the seed? (A) Trezor (B) Trust Wallet (C) Coinbase Wallet (D) Web Wallet 45. : Which hardware wallet supports mobile apps via Bluetooth? (A) Ledger Nano X (B) Trezor One (C) KeepKey (D) Coldcard 46. : A compromised seed phrase means? (A) Full access to funds is possible (B) Wallet becomes more secure (C) Only partial funds are at risk (D) It has no effect 47. : Hardware wallets protect users even on infected computers because? (A) Private keys never leave the device (B) Seed phrases are stored online (C) PIN is stored in browsers (D) Passwords change daily 48. : Which hardware wallet brand is more affordable for beginners? (A) Trezor Model T (B) Ledger Nano S (C) Coldcard (D) KeepKey 49. : Hardware wallets are an essential tool for? (A) Safe long-term crypto storage (B) Free transactions (C) Crypto mining (D) Trading bots 50. : The fundamental role of hardware wallets in crypto is? (A) To generate mining rewards (B) To reduce gas fees (C) To secure private keys offline (D) To buy NFTs automatically