Zengo Wallet Review 2022: Is It Secure & Reliable For Users?

Based in Tel Aviv-Yafo, Israel, ZenGo is a revolutionary crypto wallet that provides maximum security for cryptocurrencies.The ZenGo Crypto Wallet app offers you a simple and straightforward way to buy, sell and store digital assets.

Introduction to ZenGo Wallet

By offering the ability to buy, sell, exchange, and earn interest, ZenGo goes beyond the traditional storage options of a cryptocurrency wallet.

ZenGo is one of the rare crypto wallets where you can buy crypto from a wallet, depending on your jurisdiction. ZenGo is a keyless mobile cryptocurrency wallet developed by KZen Networks, an Israeli firm that creates blockchain products with a focus on security and user experience.

What is ZenGo is a Multi-Currency Mobile Wallet?

The ZenGo Crypto Wallet app gives you an easy and straightforward way to buy, sell and store digital assets. By offering the ability to buy, sell, exchange and earn interest, ZenGo goes beyond the traditional storage options of crypto wallets.

ZenGo is one of the rare crypto wallets from which you can buy cryptocurrencies, depending on your jurisdiction.

What is ZenGo is a multi-currency mobile wallet

ZenGo is a multi-currency mobile wallet that enables you to send, receive and trade cryptocurrencies. ZenGo is a mobile cryptocurrency wallet designed to bridge the gap between digital asset control and easy access.

Instead of creating another complicated wallet system, ZenGo aims to be a one-stop shop for all your crypto needs. If you’re looking for an all-in-one solution to manage your cryptocurrencies, ZenGo might be for you.

ZenGo Features

If you’re looking for a solid cryptocurrency wallet and aren’t overly interested in buying hardware wallets or using some of the more well-known hot storage options, ZenGo might be perfect for you.

Features of ZenGo

ZenGo is the best solution for users who want to strike the sweet spot between the proven security of hardware wallets and the ease of use of software wallets.

Both beginners and experienced investors can use ZenGo with a high degree of comfort. It can be said that ZenGo is a secure, jail-free and keyless wallet to protect your crypto assets.

ZenGo Wallet also supports Tezos Token (XTZ) staking, which means that users can act as validators to help secure the Tezos network and earn approximately 5.5% in return.

Unlike traditional crypto wallets that use private public keys to protect your coins, ZenGo Keyless Wallet security protects your coins with three-factor authentication including email verification, cloud storage, and facial recognition.

ZenGo Interface

It’s easy to use, intuitive, and simple and fun by removing technical details and complexity from the cryptocurrency library. With ZenGo’s unconventional wallet system, ZenGo is one of the pioneers in offering a non-custodial, extremely secure, and surprisingly easy-to-use wallet where you can store your assets without the need for special codes, passwords, or phrases as a backup. to form.

No Password Requirement

Thanks to its innovative system, ZenGo is one of the first wallet apps to offer a non-custodial, secure and convenient place to store funds, without users needing to remember or backup passwords.

Headquartered in Israel, ZenGo offers a wallet that offers security and ease of use, several qualities that are quite unusual in the cryptocurrency world; the wallet makes private keys obsolete by protecting your account on the company’s servers with strong encryption.

So you can unlock and use your wallet with a simple 3D face scan, besides, the ZenGo wallet has no information about what cryptocurrencies you own and you cannot do anything with your funds without your confirmation, which makes them very safe and reliable. 

ZenGo Security 

Unlike most wallets that use two-factor authentication, ZenGo uses 3FA to protect your funds. Unlike other crypto wallets that use private keys, ZenGo uses facial biometrics to allow users to secure and access their cryptocurrencies with Face ID.

ZenGo uses facial recognition biometrics to enable keyless wallet functionality, eliminating the need for users to remember or back up private passwords.

ZenGo Security 

When you sign up for ZenGo and create a wallet for the first time in the ZenGo Wallet it scans your face and saves the scanned image as an encrypted 3D biometric card of your face so it can be used. In the future, if you lose the device your wallet is on or if you inadvertently delete your wallet from your device.

ZenGo is a true innovation, ZenGo’s human recognition software allows users to access their wallets without having to remember the seed, in order to recover the wallet if the device is lost or stolen.

Thanks to its innovative system, ZenGo is one of the first wallet apps to offer a non-custodial, secure and convenient place to store funds, without users needing to remember or backup passwords. It’s easy to use, intuitive, and simple and fun by removing technical details and complexity from the cryptocurrency library. There are many other wallets like TrustWallet, MetaMask &, etc.

ZenGo Pricing 

You can buy cryptocurrency with ZenGo, and the company will give you a $10 discount on your first purchase. You can buy over 70+ cryptocurrencies, including Bitcoin, directly from your ZenGo Crypto Wallet.

ZenGo Pricing 

Use ZenGo Wallet as your savings account is rewarded and earns interest on your cryptocurrencies: Bitcoin (BTC), Shiba Inu Coin, Dai, USD Coin, Tezos, Ethereum (ETH), and more.

There are Various Fees on ZenGo 

  • A charge is paid to the operators of the blockchain network. This cost varies with network circumstances and is not paid to ZenGo and some fees are paid in ETH.
  • This fee is charged to the operators of buying, selling, and trading services. This is expressed as a percentage of the entire transaction value and varies depending on the operator and asset.
  • A fee is paid to the providers of buying, selling, and trading services. This is the gap between the current market price and the order price, and it is used to hedge against volatility risk.

Foreign currency exchange charge: A fee paid to the service’s operators when you purchase cryptocurrencies in a denomination other than USD/CAD/AUD/EUR/GBP.

Cryptocurrency Rewards

ZenGo offers rewards when you sign up to use ZenGo as a savings account, make your first cryptocurrency purchase, and refer friends. ZenGo offers you the opportunity to earn daily interest on the assets in your portfolio.

ZenGo Cryptocurrency Rewards

ZenGo Savings allows users to earn interest on their cryptocurrency through credit (in partnership with Nexo) or staking. Cryptocurrency earning is part of the ZenGo APY functionality – you simply allocate some of your savings (in a specific cryptocurrency) to the savings section on ZenGo and earn passive income over time.

Both beginners and experienced investors can use ZenGo with a high degree of comfort. It can be said that ZenGo is a secure, jail-free and keyless wallet to protect your crypto assets. This means that ZenGo will never have access to your funds, but you will also get the same convenience as a storage wallet.

ZenGo takes a different approach to cryptocurrency security and storage than traditional non-custodial wallets where you are typically forced to store and/or store 12-24 seed phrases securely.

ZenGo is a truly innovative product, ZenGo’s facial recognition software allows users to access their wallet without remembering the seed in order to recover the wallet if the device is lost or stolen.

Unlike other crypto wallets that use private keys, ZenGo uses facial biometrics to allow users to secure and access their cryptocurrencies with Face ID.

Pros and Cons 

Pros

  • Headquartered in Jaffa, Tel Aviv, Israel, ZenGo is a revolutionary crypto wallet that provides maximum security for cryptocurrencies.
  • ZenGo’s competitive transaction fees, easy-to-use platform, and 70+ cryptocurrencies make it ideal for beginners.
  • Its live support features and tutorial-style blog make it easy to sign up, trade, and withdraw funds.
  • You can instantly track your investments using ZenGo’s intuitive interface and buy and sell cryptocurrencies with just a few taps.

Cons

  • It facial recognization does not work usually .
  • They do not have a good customer support.

Conclusion

ZenGo’s competitive trading fees, easy-to-use platform, and over 70 cryptocurrencies make it ideal for beginners. You can instantly track your investments with an intuitive interface that allows you to buy and sell cryptocurrencies with just a few taps.

ZenGo’s online support feature and tutorial-style blogs help you sign up, trade and withdraw funds with ease.

If you’re looking for a solid cryptocurrency wallet and aren’t overly interested in buying hardware wallets or using some of the more well-known hot storage options, ZenGo might be perfect for you.

ZenGo is the best solution for users who want to strike the sweet spot between the proven security of hardware wallets and the ease of use of software wallets.

ZenGo App Store and Play Store

With ZenGo’s unconventional wallet system, ZenGo is one of the pioneers in offering a non-custodial, extremely secure, and surprisingly easy-to-use wallet where you can store your assets without the need for special codes, passwords, or phrases as a backup to form.

While most cryptocurrency wallets allow users to choose between security and convenience, one of the best features of the ZenGo mobile app is that ZenGo offers great service in both of them

FAQs

What feature makes ZenGo different from other wallets?

ZenGo uses facial recognition biometrics to enable keyless wallet functionality, eliminating the need for users to remember or back up private passwords. One of the best crypto wallets around, ZenGo uses facial biometrics to address these real-life crypto wallet flaws, so you can maintain the exclusive owner of your assets without having to remember complicated opening lines.

How does ZenGo generate revenue?

ZenGo Earnings offers two methods to make money first is by borrowing that they are effectively providing the cryptocurrency to Nexo, where someone can borrow it in exchange for interest. Scoping it allows cryptocurrency holders to earn additional money by contributing to the information security of a proof-of-stake (PoS) asset.

How can I cancel a ZenGo transaction?

Yes, utilising ZenGo’s Stop function, you may cancel a transaction before it is validated by the blockchain. To do so, navigate to the activity list and then tap a transaction to view its details. If it’s still waiting, a Stop button should appear at the bottom of the screen. Tap it to cancel the previous transaction.

Is Dogecoin supported by ZenGo?

Doge has now become available for purchase. ZenGo could be used wherever to buy it and can be utilised.

About Chris Fryer

I'm Chris, A fintech & technical analysis expert. I started my journey in 2012 & entered the Cryptocurrency Industry in 2015. Currently, I'm helping people by sharing my knowledge related to finance tools on the web. My expertise is in investing & technical analysis for stocks, and crypto & I have a good experience in TradingView analysis. I don't give any financial advice, I only publish reviews & guides of tools and platforms.

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