Am I the only one who doesn’t have to do the quiz every time I buy btc. I put down that I only gift people and buy takeaways I got a 7.5k limit and don’t have to answer questions every time I’m with CB too ?

I’m using Kraken as a result. Try again in 24 hours…. The questions they ask? Either I got all the crap ones out the pool or you have to be a trader to use the platform now. Kraken asked basic logical questions. Easy.

Thanks Elliot 👍

Yes I'm stuck too.dont want to trade just want to exchange GBP to bitcoin to buy my goods 🙏

Some help;

https://littlebiggy.com/link/dc1W3w

Thanks mate

👍

Auto settlement is for disputes, here's the link for refund borg 👍

Thank you

Has anyone passed this yet it's just come up on my coinbase

Coin base is already unreliable now they added a quiz to buy??? Not looking forward to logging in and buying next smh

Just about to take the test now! 04/01

Funny that this topic helping people get hold of their coins doesn't appear on the topic wall, as usual, helpful posts removed.

Although there's a pool of questions, here are the answers that allowed me to "Pass" that shitty survey coinbase are making everyone in the UK do...in case this helps someone:

(Correct answer) denotes my answers that led to a "Success! You passed our bullshit survey!" (as a 'Restricted investor')

What crypto-asset services does Coinbase offer?

- Trading and custody of crypto assets
- Staking of crypto-assets
- Enabling issuers tio list crypto-assets approved by Coinbase for trading
- (Correct answer) All of the above

During what times might the value of your crypto-assets change?

- Crypto-assets will only trade during normal UK market hours and their value will not change outside of these times
- (Correct 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 of day or night
- It depends on the jurisdiction of the primary exchange that the crypto-assets in question are listed on

What happens if there is service disruption at a centralized exchange?

- (Correct answer) It may impact my ability to buy, sell or transfer my crypto-assets until the outage is rectified
- The centralized exchange will automatically transfer my crypto-assets to my linked self-hosted wallet until the outage is rectified
- The centralized exchange will send me a private key and request that I move my assets to an alternative platform until the outage is rectified

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?

- The exchange my face temporary operational issues leading to potential loss or delays in accessing my crypto-assets
- The exchange may not have appropriate measures in place to identify and combat fraud rings which could place my crypto-assets at risk
- If my crypto-assets are stolen from the exchange there isn't an easy way to get my money back
- (Correct answer) All of the above

What regulatory protections currently apply to crypto-assets held with centralized crypto exchanges for customers in the UK?

- The exchanges are required to fully guarantee those crypto-assets
- They are subject to protection under the UK Financial Services Compensation Scheme (FSCS)
- (Correct answer) They are not subject to any regulatory guarantees

‘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?

- Many large stablecoins are denominated in US dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
- (Correct answer) If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected (for example, in times of market volatility)
- Both of the above

Can someone help can't even get passed this stage FFS

The first one of your just using CB for if you are just buying and sending coin

This is weird, i just used Coinbase an hour or so ago and didnt have any of this guff youve been through!

I did last night. Pain in the fucking arse.

Fucking school for coin 🪙.

you had the quiz? Did you fail? i'm gutted, i could understand if I was spending thousands but I only spend a few hundred each month or so, just gotta keep making shit harder for us!

Yea

My take is 1 HMRC are cunts so definitely pick below 10%

My questions were mostly based around risk and making sure that they cover their arse. So if it go’s tits up. They can say I told you so.

I can’t remember the exact wording but a few was based on the volatility of coin.

Take the fact it’s crypto and think about it as stocks and shares. Posh bookie

Investing is investing regardless of what it is. So thinking about it like that and not cyrpto might help.

Even tho you’re not trading. By buying gives you the ability to do so.

I know that’s not much help but if I can help anymore just give me shout

Hehe…I think “ My take is 1 HMRC are cunts” says it all in just a few words! 😂👍

yeah the obvious ones are easy to answer, stuff like you said , knowing that you are risking investing and so on but then they asked me questions about laws and regulations which went right over my head, thought I had answer correctly as I looked up some of it on google but after the secomnd try I got blocked :-( will try again tomorrow, if that don't work then its back to streets sadly (cry me a river hahah ).

I suggest kicking CB into touch tbh. Suggest Bittylicious you don't have to do any of that crap.