Ledger Live: Ultimate MCQ Guide
1. What is Ledger Live primarily used for?
a) Sending emails
b) Managing cryptocurrency wallets
c) Browsing social media
d) Online shopping
Answer: b) Managing cryptocurrency wallets
2. Which Ledger device is compatible with Ledger Live?
a) Ledger Nano S
b) Ledger Nano X
c) Both a and b
d) None of the above
Answer: c) Both a and b
3. Ledger Live allows you to:
a) Check cryptocurrency balances
b) Send and receive crypto
c) Install apps on your Ledger device
d) All of the above
Answer: d) All of the above
4. What feature helps protect your Ledger Live account?
a) Strong password
b) Two-factor authentication
c) Recovery phrase
d) All of the above
Answer: d) All of the above
5. Ledger Live can be used on which platforms?
a) Windows
b) macOS
c) Linux
d) All of the above
Answer: d) All of the above
6. Which of the following is required to initialize Ledger Live?
a) Internet connection
b) Ledger device
c) Recovery phrase
d) All of the above
Answer: d) All of the above
7. Ledger Live allows you to manage:
a) Only Bitcoin
b) Only Ethereum
c) Multiple cryptocurrencies
d) Only stablecoins
Answer: c) Multiple cryptocurrencies
8. How does Ledger Live ensure security for transactions?
a) Encrypts private keys
b) Requires device confirmation
c) Uses secure firmware
d) All of the above
Answer: d) All of the above
9. Can Ledger Live track portfolio performance?
a) Yes
b) No
Answer: a) Yes
10. Ledger Live provides which type of updates?
a) Firmware updates for Ledger devices
b) App updates for cryptocurrency apps
c) Security patches
d) All of the above
Answer: d) All of the above
