Zengo Wallet Review

What You Need to Know About Zengo

 

One of the most difficult aspects of cryptocurrencies is teaching individuals how to properly set up and utilize wallets.

The ZenGo wallet, which is the first keyless, non-custodial crypto wallet that guarantees customers outstanding protection for their cash without losing convenience, has taken away a lot of that stress.

ZenGo Wallet is a one-of-a-kind non-custodial cryptocurrency wallet that is “Keyless.” This feature largely relies on a sophisticated cryptography security model, which avoids the necessity for certain tasks such as creating or keeping private keys. Under the ZenGo Wallet Security section, we offer a detailed description of this function.

It’s a win-win situation that also includes a slew of other features that make cryptocurrency use almost mainstream.

Get $10 cashback in Bitcoin for a purchase of $200 by applying the code ZENX0B4G

Threshold Signatures & Multiparty Computation

Most cryptocurrency wallets force the user to choose between asset control and convenience.

You may either keep full control of your assets (non-custodial wallets) while experiencing hassles with wallet setup and use, or you can experience more convenience while giving up control of your digital assets (custodial wallets)

 

ZenGo, on the other hand, uses multiparty computation and threshold signatures to provide ease and control to consumers. In a non-custodial wallet, users may enjoy high levels of security and ease.

It accomplishes this by substituting a pair of independently constructed secret shares for the normal private key used in the construction of most wallets.

One of these is kept on the user’s device, while the other is kept on ZenGo’s servers in a safe manner.

Both components of a transaction must interact in order for it to be completed.

ZenGo will never have access to your funds, yet you will have the same convenience as if you were using a custodial wallet.

 

When you sign up for ZenGo and create a wallet for the first time (which takes only 25 seconds aprox)

the wallet software scans your face and saves it as an encrypted 3D biometric face map, which may be used in the future if you lose the device your wallet is on, or if you delete the wallet by accident.

That’s a lot easier than making a list of 20 words and then saving them in case you need to get your wallet back.

 

It’s important to note that this method has no single point of failure, guaranteeing that even if one of the secret shares fails, your crypto remains safe and secure.

 

Moreover, these security features are integrated into a straightforward, user-friendly wallet UI that is a joy to use. Signing up is simple and quick, and there are no further paperwork required.

Sending and receiving cryptocurrency, as well as buying and selling cryptocurrency directly from the wallet, is simple.

ZenGo Wallet is a wallet for storing and staking cryptocurrency.

  • The ability to purchase and sell supported cryptocurrencies immediately within the app is one of the primary features that makes ZenGo a great mobile wallet alternative, providing convenience for users as well as an income stream for ZenGo.

 

  • In just a few clicks, you may purchase over 30 crypto assets, including BTC, ETH, DOGE, and the newly introduced SHIB. At the moment, the selling option is only accessible for Bitcoin (BTC), but Ethereum (ETH) will be added shortly. You may check and track the current values and market capitalization of the cryptocurrencies ZenGo supports, as well as a list of coins it plans to support in the near future.

 

  • ZenGo is designed to allow you to transfer and receive cryptocurrencies while maintaining complete control over your holdings. There are no minimums, maximums, or additional costs while sending and receiving bitcoins.

 

  • With ZenGo, earning income on your Bitcoin is simple and straightforward. ZenGo pays a 5% annual percentage yield on Bitcoin deposits of up to $50,000. This offer is valid from November 1, 2021, through January 31, 2022. Following that, you get 4% on Bitcoin deposits.

 

  • Inflation in the United States is over 6%, the highest level since 1990, and savings interest rates are low. You may earn interest on your crypto assets with ZenGo. From your wallet, go to the earnings tab. The way coins generate a return is by lending them out rather than keeping them in your wallet.

  • You can keep track of your assets, confirm previous transactions, and monitor the movement of cash, including market values. You can check when all of your transactions took place using the ZenGo app. You can examine your portfolio without relying on exchanges or new cryptocurrency websites for updates.

 

  • There are 74 assets supported by ZenGo. Bitcoin, Ethereum, Binance Coin, Tether, Luna, USD Coin, Chainlink, Dogecoin, Uniswap, Quant, and Dai are just a few examples. ZenGo also supports a number of other currencies, including HoloToken, TerraKRW, and Loom.

Pricing at ZenGo

Depending on your country, ZenGo is one of the few crypto wallets that allows you to buy bitcoin directly from the wallet. The rates are reasonable, and there is no processing fee while sending or receiving cryptocurrencies.

 

Although there is a network charge involved with purchasing and transmitting bitcoin, crypto exchanges will cost you 0.75 percent.

The processing fees, minimum and maximum accounts, and network charges are summarized in the table below.

Its 4.5-star rating is based on its straightforward fees and cheap costs.

 

Processing fee Minimum Maximum Network fee
Receive crypto 0% N/A N/A N/A
Send Crypto 0% N/A N/A Yes
Buy crypto with credit/debit card (MoonPay) 5.99% $100 Depends on your identity verification level Yes
Buy crypto with bank transfer (MoonPay) 1.99% $100 Depends on your identity verification level Differs by blockchain and time
Sell crypto (MoonPay) 1.99% 20 EUR 2k EUR daily, 10k EUR monthly Yes
Trade crypto 0.75% Differs by trading pair and market liquidity Yes
Activate Tezos staking 0% N/A N/A Yes

ZenGo App for Android and iOS

The smartphone software is extremely user-friendly, letting you to purchase, sell, and exchange cryptocurrencies with incredible ease. With its user-friendly design, you can keep track of your assets at a glance and purchase and sell cryptocurrencies with only a few touches.

 

You don’t need passwords, seed phrases, or private keys using face biometrics. You also don’t have to be concerned about losing your coins if your phone is lost.

ZenGo’s Advantages

In addition to stacking and security, ZenGo includes all the features you need.

 

ZenGo does not need users to write down a seed phrase in order to recover their wallet in the event that their device is lost or stolen.

Instead, they employ a technique known as encrypted secret key sharing.

The first key is saved on your smartphone, while the second is stored on ZenGo’s server, allowing you to open and use your wallet with simply a facial scan.

Only you have authority over your money using face biometrics.

ZenGo Wallet supports a wide range of cryptocurrencies, presently supporting over 70 coins and tokens with more on the way.

During the offer, which runs from November through January, you may earn 5% APY on up to $50,000 in Bitcoin placed into ZenGo savings.

User Experience with ZenGo

The website is simple to use and provides all of the information you want without becoming overwhelming. The website and mobile app are secure, and you can receive support from a ZenGo expert at any time.

 

Not only does ZenGo stand out with its keyless login, but it also makes information on supported cryptocurrencies readily available on its app and website.

The ZenGo blog is chock-full of helpful hints for researching, trading, staking, and swapping cryptocurrencies.

Zengo Wallet vs. Other Wallets

The revolutionary face recognition sign-in method of ZenGo wallet sets it apart from the competition.

It also distinguishes itself from the competition by allowing you to trade and exchange cryptocurrencies for little to no money.

Without worrying about lock-up periods, you may earn interest on your Bitcoin.

ZenGo is a fully integrated service that allows you to trade and exchange cryptocurrency, collect interest, and finally spend your cryptocurrency on the things you care about.

Overall, ZenGo experience

ZenGo Wallet is a non-custodial mobile bitcoin wallet that uses face recognition technology instead of private keys.

This feature ensures that there is no single point of failure and that you will not lose your money if your wallet is hacked or lost. It’s an intriguing new way to avoid seed words or codes while still having access to a variety of functions for bitcoin investors and users.

The ZenGo wallet allows you to purchase, sell, send, and receive cryptocurrency. ZenGo is a mobile crypto wallet that allows you to trade, send, and purchase over 70 different coins as well as earn Bitcoin interest.

 

Ideal For

  1. Cryptocurrency handling made simple
  2. Buying things quickly
  3. Protocols for next-generation security

Pros

  • A high-quality cryptocurrency trading software for mobile devices
  • Bonuses and Bitcoin for free
  • Features of three-factor authentication

Cons

  • For crypto newbies, keyless technology might be perplexing.
  • ZenGo is widely available, but purchasing and selling it is not.