ZenGo Wallet Review Rating:

4.7

A good wallet is like a good home — a place where you can store your belongings comfortably and securely.

You wouldn’t want to move into a house without checking the foundation or electrical wiring, and you shouldn’t do the same with wallets.

If you want to get going with cryptocurrency, you need the best wallet out there. Like a regular wallet, a crypto wallet safeguards your coins less vulnerable to hackers.

ZenGo is a multi-coins mobile wallet that gives you the ability to send, receive and trade cryptocurrencies.

This ZenGo Wallet review covers everything you need to know about the product to make a better decision – its assets, features, fees, pros, cons, alternatives and more.

Disclaimer: This post is basically for educational purposes. We do not encourage or promote crypto trading due to their high level of risk.

What is ZenGo Wallet?

This is a keyless non-custodial crypto wallet established in 2018. ZenGo Wallet has over 70 coins and is available in over 188+ countries.

Headquartered in Tel Aviv-Yafo, Israel, ZenGo is a revolutionary crypto wallet that provides maximum security to cryptocurrencies.

Unlike traditional crypto wallets that use private-public keys to secure coins, ZenGo keyless wallet security protects your coins with a 3-factor authentication consisting of email confirmation, cloud storage, and facial recognition.

Hence, the major advantage of ZenGo Wallet over other types of crypto wallets is that your coins will always remain safe even if you lose your phone.

Whether you’re a beginner or a seasoned crypto trader, the ZenGo Wallet can help you secure your entire investment.

How ZenGo Wallet Works

Unlike traditional crypto wallets, ZenGo Wallet gives you full control of your private keys through 3-factor authentication.

With ZenGo 3-factor authentication, all you need to access your account is your email or face. You don’t have to worry about your lost private keys or mobile phone, as all your assets are saved on the cloud.

Like other crypto wallets, you can send and receive crypto coins on ZenGo once you create an account by downloading the app on Google Playstore or App Store.

However, the beauty of ZenGo is that you can send and receive as many crypto coins as you want without worrying about minimum or maximum limits.

Is ZenGo Safe?

ZenGo is a safe crypto wallet that secures your coins with a 3-factor authentication consisting of email confirmation, cloud storage and facial recognition.

When signing up on ZenGo, you must confirm with a magic link. This gives you the maximum security you need to protect your account against hackers.

The Face ID feature ensures that you recover your coins when you lose your private keys or mobile device.

ZenGo Key Features

ZenGo set itself apart in the competition with the following features:

• Keyless security: ZenGo secures your coins with 3-factor authentication consisting of email confirmation, cloud storage and facial recognition. As a result, you have nothing to lose, even if you lose your phone.
• Unlimited trading: You can send and receive as many crypto coins as you want with ZenGo without worrying about minimum or maximum limits.
• Multiple cryptocurrencies: ZenGo has over 70 cryptocurrencies, such as Bitcoin( BTC), Binance Chain (BNB), Ethereum( ETH), USD Coin (USDC), Alpha Finance (ALPHA), Paxos Standard (PAX).
• Wide coverage: ZenGo covers more than 188 countries. This is one of the highest coverage you can out there.
• Visa card: ZenGo debit card is a crypto credit card available for purchases in the US.
• Support: ZenGo has an active and friendly customer service team available 24/7 to answer your queries.

ZenGo Wallet Cryptocurrencies

ZenGo supports over 70 cryptocurrencies, including:

• Bitcoin( BTC)
• Binance Chain (BNB)
• Ethereum( ETH)
• USD Coin (USDC)
• Alpha Finance (ALPHA)
• Paxos Standard (PAX)
• Voyager (VGX)
• Dai (DAI)
• Tezos (XTZ)
• TrueUSD( TUSD)
• Basic Attention Token (BAT)
• Dogecoin (DOGE)
• Polygon (MATIC)
• Sandbox (SAND)
• Decentraland (MANA)
• Tether (USDT)
• SHIBA INU (SHIB)

ZenGo Fees

ZenGo charges different fees for different services. Here are the current fees of ZenGo:

• Network fee = This depends on your choosing network mode ranging from Economy, Regular and Fast mode. This fee is not paid directly to ZenGo and changes from time to time.
• Buying Crypto = 1.99% with bank transfer and 5.99% with credit through Moonplay. This also includes network fees. The minimum crypto you can buy is $100 in the US or €100 in other parts of the world. The maximum amount depends on your Identify level.
• Processing fee = 0.5% for crypto trading. Speed up fee stands at 1.65%, and network fee applies.
• Exchange fee = 0.7% per transaction amount. However, this is subject to market liquidity and trading pairs.

ZenGo Wallet Pros and Cons

Pros

• 3-factor authentication
• Up to $10 free Bitcoin upon first purchase
• Unlimited crypto trading without worrying about minimum or maximum limits.
• Over 70 cryptocurrencies:
• Covers over 188 countries
• 24/7 support.

Cons

• Not suitable for traders that want to take full control of their private keys
• Doesn’t support trading in all countries

Who Can Use ZenGo?

Anyone in a supported country that’s 18 years or older can use ZenGo to trade cryptocurrencies. Currently, ZenGo is not available in the following countries:

• Cuba
• Bangladesh
• North Korea
• Zimbabwe
• Iran
• South Sudan
• Pakistan
• Myanmar
• Ivory Coast
• Sudan
• Panama
• Syria

While ZenGo is available in the US, it doesn’t cover the following states for buying tokens:

• New York
• Hawaii
• US Virgin Islands
• Rhode Island

Furthermore, ZenGo doesn’t cover the following states in the US for buying DOGE, BNB, ADA, MATIC, ETH, BUSD, USDC:

• Louisiana
• New York
• Texas

How Do I Register on ZenGo?

Creating an account in ZenGo takes just a few minutes. All you need is to download the ZenGo app available on Google Playstore and App Store.

After that, follow these steps to create your ZenGo account within minutes:

• Open the ZenGo app
• Click the Get Started button
• Type your valid email address
• Confirm a magic link sent to your email
• Scan your face

There you have it! ZenGo mobile app is easy to use for both beginner and seasoned traders. Its intuitive interface allows you to trade crypto seamlessly while tracking all your investment at a glance.

How to Buy Crypto on My ZenGo Wallet?

You must fund your ZenGo account in order to execute any trade.

Once you download the  Zengo mobile app and sign up, follow these steps to fund your account:

1. Click on the “Buy” icon

Here you will see various supported coins, such as:

• Bitcoin( BTC)
• Binance Chain (BNB)
• Ethereum( ETH)
• USD Coin (USDC)
• Alpha Finance (ALPHA)
• Paxos Standard (PAX)
• Voyager (VGX)
• Dai (DAI)
• Tezos (XTZ)
• TrueUSD( TUSD)
• Basic Attention Token (BAT)
• Dogecoin (DOGE)
• Polygon (MATIC)
• Sandbox (SAND)
• Decentraland (MANA)
• Tether (USDT)
• SHIBA INU (SHIB)

Choose your favourite coin and move to the next step.

2. Enter the amount

The minimum crypto you can buy is $100 in the US or €100 in other parts of the world. The maximum depends on your Identify level.

That said, a 1.99% fee applies when buying crypto with a bank transfer and a 5.99% with credit.

Here are the rules of buying cryptocurrencies on ZenGo with Euros:

• You must provide your name, email, address, DOB and other basic information for less than €159 purchases per month.
• For €150-200 monthly purchases, you must provide some basic documents.
• You must provide a source of funds/proof of income and proof of address for $20,000-50,000 purchases per month.

3. Enter your verification code

Once you enter the amount you want to trade, you will receive a verification code on your email. Here you will be required to consent to MoonPay’s Terms of Use and Privacy Policy before entering the verification code.

4. Enter your billing address

Your billing address must correspond with ZenGo supported countries in order to proceed with your payment.

As mentioned previously, ZenGo supports over 188 countries, excluding Cuba, Bangladesh, North Korea, Zimbabwe, Iran, South Sudan, Pakistan, Myanmar, Ivory Coast, Sudan, Panama and Syria.

5. Choose a payment method

ZenGo supports three payment methods as follows:

 

• Bank deposit = SEPA and GBP (available only in the UK and EU)
• Credit card = Mastercard and Visa
• Apple Pay = MasterCard

Note

: ZenGo charges 1.99% for bank transfers and 5.99% for credit/debit cards with Moonplay.

6. Confirmation email

You will receive a confirmation email Once you make payment. You will then receive your ZenGo Wallet within a few minutes.

ZenGo Wallet Review: 4.7 Rating

The following is our rating methodology for this ZenGo Wallet review:

Feature	Rating
Coins	****
Security	*****
Fees	****
Accessibility	*****
Support	*****

ZenGo Wallet Alternatives

Here’s an overview of the top alternatives to  ZenGo Wallet in the market:

Crypto Wallet	Type	Cost
Ledger Nano X	Hardware	$159 CAD
Bitcoin Armory	Software	Free
Binance (Trust Wallet)	Software	Free
Ledger Nano S	Hardware	$89 CAD
Coinomi	Software	Free
Electrum	Software	Free
Trezor Model T	Hardware	$245 CAD
Exodus Wallet	Software	Free
Trezor One	Software	69.99 CAD
Wealthsimple Crypto	Software	Free

Here’s an in-depth review of these ZenGo Wallet alternatives.

How to Choose the Best Crypto Wallets

Here are five factors to consider when looking for the best crypto Wallet in Canada.

1. Security

Security is the first thing to consider when choosing the best crypto wallet. How your information and assets are stored will determine your overall trading experience.

Your crypto wallet should also back up your wallet’s data to help you recover it in case your devices are damaged or lost.

2. Supported Coins & Location

Does the wallet support the coins that you want to hold on to? The right cryptocurrency wallet is the one that supports your favourite coins and country.

3. Cost

You want to find a wallet that doesn’t charge a high transaction fee as this would mean less profits of your investment over time.

Crypto wallets can be hardware or software. Most hardware wallets charge a fee, while most software wallets are free.

4. Accessibility

You can have a great cryptocurrency wallet, but if you cannot access it because of lack of compatibility with your operating system or device, then what is the use of it?

Ensure you get a wallet that is compatible with your trading devices.

5. Interface

The last but not the least factor you should consider when looking for the best crypto wallet is the interface. This determines your overall experience with a crypto wallet.

Regardless of your trading level, ensure you choose a crypto wallet with an intuitive and user-friendly interface.

Verdict on ZenGo Wallet Review

That brings us to the end of this ZenGo Wallet review. While this review is positive, we still maintain the disclaimer that this post is basically intended for educational purposes.

Due to the high-risk level of crypto coins, you should exercise great caution when trading them. Preferably, you should consider using the best wallet out there in order to minimize your level of risk by protecting your assets against hackers.

The choice is now yours to make whether to use ZenGo Wallet or its alternative. However, ensure you consider the above factors when making a decision.

Above all, it’s essential to store your crypto coins in a wallet that you can be 100% confident with. This is because crypto coins have a high value, and if you get hacked, the amount of coins you’ll lose will make you regret ever getting into crypto.

All the best.

FAQs ZenGo Wallet Review

Can you buy Bitcoin on ZenGo?

Sure. You can buy Bitcoin and other cryo coins on ZenGo, such as Binance Chain (BNB), Ethereum( ETH), USD Coin (USDC), Alpha Finance (ALPHA), Paxos Standard (PAX), Voyager (VGX) and  Dai (DAI).

You can buy Bitcoin on ZenGo through Bank transfer, credit/debit card or Apple Pay.

Is ZenGo regulated?

Yes, ZenGo is regulated by the laws of the Israeli government. It is also subject to Tel-Aviv-Jaffa courts jurisdiction.

Is ZenGo available in the US?

ZenGo is available in the US but doesn’t cover New York, Hawaii, US Virgin Islands and Rhode – for buying tokens.

Furthermore, ZenGo doesn’t cover Louisiana, Texas and New York for buying DOGE, BNB, ADA, MATIC, ETH, BUSD, USDC:

Is ZenGo custodial?

No. ZenGo is a non-custodial crypto wallet. This means you’re in full control of your crypto assets.

If you have more questions on this ZenGo Wallet review, leave a comment below.