ZenGo Crypto Wallet is a keyless non-custodial crypto wallet established in 2018 with over 70 coins available in over 188+ countries. It 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.
ZenGo is a multi-coins mobile wallet that allows you to send, receive and trade cryptocurrencies. This ZenGo Wallet review covers everything you need to know about the product to make a better decision, including its features, fees, pros, cons, alternatives and more.
What is ZenGo Crypto Wallet?
ZenGo wallet is a non-custodial mobile cryptocurrency wallet that uses facial biometric technology. To date, it is by far the easiest and safest crypto wallet to use in Canada.
If you are looking for a mobile app that allows you to store diverse cryptocurrencies and be able to use them whenever you need them, you will be excited to know that ZenGo wallet provides users with the ability to send, receive, and store over 70+ currencies.
This feature is a huge deal because you won’t get stuck using just one form of payment. You can pay with different currency forms and withdraw money when the need arises. This is one of the many reasons the ZenGo wallet stands out.
Further, the security of the ZenGo wallet is second to none as there is no single point of failure and risk because the traditional private key has been replaced with two independently created mathematical secret shares; one share is stored on the mobile device, and the other share is stored on the ZenGo server.
So whether you’re a beginner or a seasoned crypto trader, the ZenGo Wallet can help you secure your entire investment.
ZenGo is a keyless non-custodial crypto wallet established in 2018. ZenGo Wallet has over 70 coins and is available in over 188+ countries. It 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. Features
How ZenGo Wallet Works
ZenGo is a keyless mobile wallet available on both Android and iOS. You don’t have to worry about private keys or passwords. 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 Play Store 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.
> Check out the ZenGo Crypto Wallet: Signup for free
Features of Zengo Crypto Wallet
- Supports over 70+ cryptocurrencies.
- Very secure- you can’t lose your coin even when hacked.
- You can buy and sell within the app
- Very easy to set up
- Has a nice, smooth, and catchy interface.
Benefits and Drawbacks of ZenGo Crypto Wallet
Why We Love Zengo Wallet
- It has over 70+ different kinds of tokens
- It has strong security; you can’t lose your coin even when hacked.
- Store, buy, trade, send, sell, and receive crypto. within the app
- Very easy to set up
- Has a nice, smooth and catchy interface.
- Connect to Web3 apps and NFT marketplaces with WalletConnect.
- Peace of mind for all Web3 transactions thanks to ZenGo’s built-in Web3 firewall.
- Includes an in-app NFT gallery to view and showcase your NFTs.
Drawbacks of the Zengo Wallet
- Not fully non-custodial
- Have to store Keyless Recovery Backup on iCloud or Google Drive
What Cryptocurrencies Are Available on ZenGo Wallet?
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)
- SHIBA INU (SHIB)
- Tether (USDT)
> See the full list of supported tokens
Which Countries Support ZenGo Crypto Wallet?
ZenGo crypto wallet is available worldwide to anyone who wants to use it to store cryptocurrency. However, there are a few countries where you may not be able to use the wallet because these countries do not support ZenGo Crypto Wallet.
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, the following US states have restrictions on only DOGE, BNB, ADA, MATIC, ETH, BUSD, and USDC.
- Louisiana
- New York
- Texas
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 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 a network fee applies.
- Exchange fee: 0.7% per transaction amount. However, this is subject to market liquidity and trading pairs.
Special Offers from ZenGo Crypto Wallet
ZenGo offers zero fees for new users’ first purchase, up to $200 (excluding Network fees). However, users that will purchase more than that will pay fees on the remaining amount above.
Also, the fee for purchasing stablecoins via bank transfers is only 0.1%. Bank wire transfers for buying are now extended to include: the USA, Europe, the United Kingdom, Australia, Canada, Turkey, South Africa, and Brazil.
Final Thoughts on ZenGo Wallet Review
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 alternatives. However, ensure you consider the pros and cons 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 number of coins you’ll lose will make you regret ever getting into crypto.
This ZenGo Wallet review is positive, and we still maintain the disclaimer that this post is basically intended for educational purposes.
All the best.
FAQs on ZenGo Wallet Review
Can you buy Bitcoin on ZenGo?
Yes. 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 the Tel-Aviv-Jaffa court’s 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, Louisiana, Texas and New York have restrictions for buying DOGE, BNB, ADA, MATIC, ETH, BUSD, and 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.
