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These are the answers to the questions I got asked, there is probably a larger pool of questions so if you are struggling with any beyond the ones mentioned here then please refer to my other topic which I have linked, the Coinbase questions are the same but worded slightly differently.
There is no time limit as far as I can see so take your time.
If you got asked any different questions, list them below and I can make an updated version of this topic with more info.
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First part of the quiz (easy):
Q1)
Please confirm whether you are a restricted investor on the basis that A and B apply to you?
A1)
Yes (I have invested less than 10% of my assets)
Then for the percentage just input 1% or the lowest possible number.
Q2)
In the next twelve months do you intend to limit your investment in high-risk investments?
A2)
Yes (I intend to invest less than 10% of my net assets)
Then again input the lowest percentage possible.
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Second part of the quiz (moderate):
Q1)
Where are your cryptoassets stored when you purchase on Bittylicious?
A1)
In your own personal wallet, set up and managed by you, off the Bittylicious platform.
Q2)
Once you enter a wallet address to purchase cryptoassets on Bittylicious, and send funds to that address...
A2)
The transaction is irreversible, and neither I nor Bittylicious may be able to recover my funds, even if I was the victim of financial crime, cyber attacks or other operational problems beyond my control.
Q3)
True or false: all cryptoassets carry the same level of risk?
A3)
False - each cryptoasset has a unique set of risks, which should be researched prior to purchase.
Q4)
What are the key risks of buying "meme coins" such as DOGE, i.e cryptoassets associated with specific on-line trends and community interests?
A4)
Both of the above
Q5)
What are some of the risks of trading on a cryptoasset exchange?
A5)
Both of the above
Q6)
Cryptoassets sold on Bittylicious are regulated in which country?
A6)
In neither of the countries above - the cryptoassets available on Bittylicous are unregulated in both the UK and the Isle of Man.
Q7)
What protection do you have if your cryptoassets lose value?
A7)
No protection is available under the FSCS or the FOS in relation to my cryptoassets, even if I am a UK resident.
Q8)
During what times and on what days might the value of your cryptoassets change?
A8)
Cryptoasset markets operate 24 hours a day, every day of the year, and the value of my cryptoassets could change at any time of day or night, on any day of the year.
Q9)
Which of the following is generally considered the least risky?
A9)
Diversifying my holdings across different assets (i.e cryptoassets and other assets)
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