Ledger Live App MCQ Quiz

Test your knowledge about the Ledger Live App with these multiple-choice questions and answers. Perfect for beginners and advanced users of Ledger Live App.

1. What is the primary purpose of the Ledger Live App?

A. Online banking
B. Cryptocurrency management
C. Social media
D. File storage

Answer: B. Cryptocurrency management

2. Which devices are compatible with Ledger Live App?

A. Ledger Nano S
B. Ledger Nano X
C. Both A and B
D. Any smartphone

Answer: C. Both A and B

3. Ledger Live App allows users to:

A. Buy and sell cryptocurrencies
B. Track portfolio value
C. Update device firmware
D. All of the above

Answer: D. All of the above

4. How does Ledger Live App ensure security?

A. By storing private keys locally on the device
B. By using cloud storage
C. By sharing keys online
D. No security measures

Answer: A. By storing private keys locally on the device

5. Which feature of Ledger Live App helps to recover a lost device?

A. Backup phrase
B. Email recovery
C. Cloud backup
D. Social media login

Answer: A. Backup phrase

6. Can Ledger Live App connect to decentralized apps (dApps)?

A. Yes, via Ledger Live Bridge
B. No, it cannot
C. Only on mobile
D. Only on desktop

Answer: A. Yes, via Ledger Live Bridge

7. Ledger Live App supports which cryptocurrencies?

A. Bitcoin only
B. Ethereum only
C. Multiple cryptocurrencies
D. None

Answer: C. Multiple cryptocurrencies

8. What is required to install Ledger Live App?

A. Internet connection
B. Ledger hardware wallet
C. Both A and B
D. Only mobile device

Answer: C. Both A and B

9. Can Ledger Live App be used to stake cryptocurrencies?

A. Yes
B. No
C. Only Bitcoin
D. Only Ethereum

Answer: A. Yes

10. Which operating systems support Ledger Live App?

A. Windows
B. macOS
C. Linux
D. All of the above

Answer: D. All of the above

11. Ledger Live App automatically updates:

A. Only when device is connected
B. Regularly for firmware and apps
C. Only once a year
D. Never

Answer: B. Regularly for firmware and apps

12. What is the Ledger Live App portfolio feature?

A. A list of movies
B. A cryptocurrency tracker
C. Social media analytics
D. Game achievements

Answer: B. A cryptocurrency tracker

13. Ledger Live App ensures private key protection by:

A. Storing keys on Ledger device
B. Sharing keys online
C. Storing in cloud
D. None

Answer: A. Storing keys on Ledger device

14. Ledger Live App's transaction feature allows:

A. Sending cryptocurrencies
B. Receiving cryptocurrencies
C. Viewing transaction history
D. All of the above

Answer: D. All of the above

15. Ledger Live App can verify device authenticity using:

A. Firmware verification
B. Email confirmation
C. SMS code
D. QR code only

Answer: A. Firmware verification

16. Ledger Live App mobile version is available on:

A. Android
B. iOS
C. Both Android and iOS
D. Windows Phone

Answer: C. Both Android and iOS

17. Ledger Live App allows you to:

A. Manage crypto assets
B. Access dApps
C. Stake supported cryptocurrencies
D. All of the above

Answer: D. All of the above

18. What type of interface does Ledger Live App have?

A. Command-line only
B. User-friendly GUI
C. Text-based only
D. None

Answer: B. User-friendly GUI

19. Ledger Live App supports which type of accounts?

A. Multiple cryptocurrency accounts
B. Bank accounts
C. Social media accounts
D. None

Answer: A. Multiple cryptocurrency accounts

20. Ledger Live App is primarily used for:

A. Gaming
B. Cryptocurrency management
C. Online shopping
D. Music streaming

Answer: B. Cryptocurrency management

This Ledger Live App MCQ quiz is designed to help you master the features, security, and usage of Ledger Live App comprehensively.