FAQs

Transak is a developer integration for a fiat-to-crypto payment gateway. This solves the important problem of allowing mainstream people and businesses to access crypto and blockchain. It does this by integrating local compliance, payment methods, and liquidity from around the world. Transak is backed by Consensys, The LAO, Lunex, Koji Ventures, and IOSG.

A cryptocurrency wallet is like your ‘account’ for the blockchain. It stores the public and private keys. The public key (or ‘public address’) is like a username and it tells others where to send crypto if they want to pay you. Your private key is like your password and gives full access to your wallet. You should never share your private key with others, as they would then be able to empty out all funds from your wallet. If you lose your private key then you will be unlikely to be able to recover your wallet (there is no password reset like a normal account). In addition, you can also send/receive crypto, store crypto, interact with decentralized applications, and ‘sign’ messages using your credentials.