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Transak Blog

What Are Crypto Airdrop Scams (Tips To Identify And Avoid Them In 2025)

Dec 1, 2024 10:50:07 PM / by Transak Team

“Freebies” are often misused to scam people, and in the crypto space, airdrops serve as a similar tactic for scammers to steal assets by exploiting the victim's wallet address.

What Is A Seed Phrase And How Does It Secure Your Cryptocurrency?

Aug 25, 2024 10:10:33 PM / by Transak Team

When you set up a cryptocurrency wallet, you’re often presented with a list of 12, 18, or 24 random words, commonly referred to as a “seed phrase” or “mnemonic phrase”. The wallet interface strongly advises you to note down these words and keep them safe, as they are crucial for securing your funds.

What Is A Wallet Address? A Beginners Guide To Crypto Wallet Addresses

Aug 16, 2024 8:44:27 PM / by Transak Team

Decentralized finance has many similarities to traditional finance. Both share a similar value exchange medium, i.e., a “currency”, and both share a similar currency storage mechanism, i.e., a “wallet”.

Top 7 Seedless Wallets Of 2024 And Beyond

Aug 16, 2024 8:15:17 PM / by Transak Team

The adage "not your keys, not your coins" has long served as a guiding principle for self-custody and financial sovereignty. However, the traditional method of achieving this, through the use of seed phrases, has become increasingly fraught with risk.

What Is The Blockchain Trilemma? A Race For All Blockchains

Jul 26, 2024 9:16:10 PM / by Transak Team

How much simpler the world would be if there were just one blockchain for all things Web3.

What Is The Stablecoin Trilemma? A Deep Dive Into The Triple Constraint

Jul 26, 2024 9:11:52 PM / by Transak Team

At the time of writing, there are over 100 stablecoins. In the top 10 cryptocurrencies by market cap alone, two positions are occupied by stablecoins, and five positions in the top 50.

What Is A Crypto Mixer (a.k.a. Tumbler)?

Jul 26, 2024 9:00:35 PM / by Transak Team

Crypto mixers allow users to complete cryptocurrency transactions while preserving their privacy.

How To Choose Your First Crypto Wallet? Look For These 6 Features

Jul 2, 2024 5:38:02 PM / by Transak Team

Congratulations! You learned what cryptocurrencies are and are on your way to taking the first step into decentralized finance — getting a crypto wallet.

What is Blind Signing? How to Avoid and When to Enable Blind Signing?

Jul 2, 2024 5:10:10 PM / by Transak Team

How many times have you approved a cryptocurrency transaction without fully understanding the details?

An In-Depth Guide to Decentralized Identities

Jun 14, 2024 6:48:50 PM / by Transak Team

Today, people’s identities online are just as important (if not more) as it is offline. In most regions, internet has penetrated the very fabric of society where people use it for a several purposes including social networking, financial planning, healthcare, logistics, education, and more.