Do you frequently forget the private keys of your crypto wallets? Is it possible to have a non-custodial wallet without a seed phrase? If your answer is “yes”, then the Zengo crypto wallet will be a good fit for you.

In this Zengo wallet review, we will examine the features, pros & cons of this crypto wallet to provide our valuable audience with a comprehensive view of the Zengo wallet.

Key Takeaways:

  • Zengo wallet does not require seed phrases or private keys to operate.
  • The wallet works on a 3FA security model called “something you control, something you are, and something you store.”
  • It is a self-custodian with No-KYC required to buy, sell, and swap crypto.

Zengo Wallet Review: Overview

Wallet typeSoftware wallet
Year of establishment2018
FoundersOuriel Ohayon, Tal Be’ery, and Omer Shlomovits
Supported digital assets70+ crypto assets and NFTs
BTC and ETH storageYes
Security featuresMPC cryptography, 3FA, asset withdrawal protection, legacy transfer, Web3 firewall 
FeesNo fees for sending or receiving crypto, but the fees for buying or selling crypto depend on the payment provider
Payment methodsApple Pay, credit card (Visa and Mastercard), bank wire transfer (SEPA and Swift), or debit card (Maestro)
Supported regions188+ countries
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What is Zengo?

Zengo Official Homepage

Zengo wallet is a keyless cryptocurrency wallet that prioritizes the safety of your digital assets by using MPC cryptography instead of relying on recovery phrases. 

You can securely store cryptocurrencies and NFTs, including Bitcoin, Ethereum, Polygon, and over 70 others. Its user-friendly interface allows you to easily buy, sell, trade, and connect to decentralized applications (dApps) on the Web3 platform.

To ensure your security and convenience are enhanced, Zengo wallet offers features like withdrawal protection, legacy transfer, and a Web3 firewall. Also, if you ever require assistance, it provides round-the-clock customer support.

Zengo Wallet Logo

User Score



Zengo Wallet: Secure by default

Pros of Zengo

  • No seed phrases or private keys to worry about.
  • You can always get your account back with Zengo’s 3FA. You just need your email, 3D FaceLock (a scan of your face), and the recovery file.
  • Easily set a limit for how much you can withdraw without 3D FaceLock.
  • Zengo offers a future proof, which means you can grant inheritance of your crypto to a trusted person if something happens to you
  • Easy to use Zengo app and friendly customer support.

Cons of Zengo

  • It only supports around 70 cryptocurrencies. Some popular or new coins and tokens may not be included.
  • The minimum requirement for buying is $50 per transaction. This may be too much for some users.
  • It may ask you for your email, billing address, and sometimes more documents for buying crypto. This may affect your privacy.

Best Features of Zengo Wallet Reviewed

1. Buy/Sell and Swap Crypto

You can buy and sell/swap your cryptos simply and safely. You have many options, like Bitcoin, Ethereum, Polygon, Doge, and 70+ more.

You can also get stablecoins, like USDC, DAI, and TUSD, which are linked to fiat money and don’t fluctuate much. You can use credit card, bank transfer, or debit cards to get crypto with Zengo. You can also sell your crypto for real money and take it out to your bank account.

In the Zengo wallet, you can swap one crypto for another easily. The transaction is cheap and fast to trade between different cryptos. It supports multi-chain asset swapping like Bitcoin to Maker (MKR), Dogecoin to USD Coin, etc.

You can also swap between stablecoins to stay safe from market ups and downs or try out various DeFi services. It also supports Changelly swapping. You can integrate your wallet with Changelly and trade your assets in a non-custodial way. 

2. Store NFTs

Store Nfts Feature On Zengo Wallet

Zengo is also one of the best NFT wallets on the market now. This feature lets you store, view, and use your NFTs (non-fungible tokens) in the Zengo app. NFTs are special digital assets that show art, music, games, collectibles, and more. 

Also, you can see your NFT collection in a nice gallery and visit thousands of NFT markets and platforms, like OpenSea, Rarible, and SuperRare.

Besides, you can also make your own NFTs with Zengo’s partner app- Mintable, which lets you make NFTs without any coding or fees. Zengo supports Ethereum and Polygon NFTs.

3. DApp Integration

You can use the Zengo app to connect with Web3 dapps and use it as a DeFi wallet. These dApps work on blockchain networks and provide different services like decentralized finance, gaming, social media, and more. 

You can use your Zengo wallet to engage with projects on Ethereum, Polygon, BNB Chain, and other networks. Additionally, you can benefit from Zengo’s Web3 Firewall feature. It safeguards you by alerting and shielding you against Web3 attacks.

The Web3 Firewall acts as a protective layer, assessing the risks associated with each dApp interaction. It provides simple and explicit warnings before you give your consent.

4. Zengo Earning Programs

Zengo wallet also lets you make money with your crypto by staking or lending it to different platforms.

You can stake crypto coin Tezos (XTZ) and get up to 6% APY or lend DAI and get up to 9.5% APY. You can also invite your friends to join the Zengo wallet and earn rewards.

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Zengo Security Features Review: Is It Safe?

Zengo Wallet Security

Is Zengo wallet safe to use? It is seen as the most secure crypto wallet with various safety measures. Let’s explain each in detail:

Multi-Party Computation (MPC)

MPC cryptography stands for Multi-Party Computation cryptography. It is a method that allows several parties to work together on a cryptographic operation without revealing their individual data or results.

As a result, your private key is never created or stored on your device but rather split into encrypted pieces shared among you, Zengo wallet, and another service provider.

To make a transaction, you need to scan your face or fingerprint, then Zengo and the other service providers will approve it. This way, no one can access or control your funds, and you don’t have to worry about losing or forgetting your seed phrase.

MPC solution is better than regular mobile wallets, as it removes the risk of losing your funds due to device loss, theft, damage, or failure.

It also stops account takeovers and phishing attacks by requiring biometric verification for every transaction. Plus, Zengo’s MPC solution is checked by CertiK, a leading company in blockchain security.

3FA Recovery

Another thing that makes Zengo unique is its secure recovery model. It lets you recover your account if you lose your device or password without compromising your security or privacy.

To do so, you need to provide three things: your email account, your 3D FaceLock (an encrypted biometric scan), and your Zengo recovery file.

The recovery file is a small file that contains encrypted information about your account and can be stored on any cloud service or offline device. You can download the file when you make your account or later from the app settings.

Web3 Firewall: ClearSign

ClearSign checks every transaction you do on Web3 dapps and puts them into three risk levels based on transaction sensitivity, level of permission granted, and known scams. The risk levels are:

  • Green: A green transaction is a safe and known smart contract, and you can proceed confidently.
  • Yellow: This shows that the transaction needs your attention and caution, and you should ensure that your intention matches the expected outcome.
  • Red: A red transaction is dangerous and potentially harmful; you should avoid or double-confirm it.
Zengo Wallet Logo

User Score



Zengo Wallet: Secure by default

Zengo Fees: How much does it charge?

  • Receiving cryptocurrency: Free and unlimited.
  • Sending cryptocurrency: ZenGo imposes no fee or restriction, although the network fee remains applicable.
  • Purchase crypto via bank transfer: You pay 1.99% to 2.9% of the total amount as a spread fee, which covers the processing fee. You don’t pay any extra fee for the payment method or the currency conversion. You also pay the network fee. You must buy at least 50 USD/EUR or the same in your currency.
  • Buying crypto with a credit card, debit card, Apple Pay, or Google Pay: A spread fee ranging from 1.5% to 3.25% of the overall sum and a gateway fee of 1.99%. Usage of a different currency may result in increased conversion charges. Furthermore, the network fee also applies. A minimum purchase of 30 USD/EUR/GBP is mandatory.
  • Selling cryptocurrency: A spread fee, ranging from 1.5% to 3% of the total sum, and a processing fee of 1.99% is applicable. No supplementary fees are imposed for the chosen payment method or currency conversion. Additionally, the network fee must be paid. 
  • Crypto trading with Changelly: A fee from 0.5% to 2% of the total sum is charged. The minimum trading amount differs by crypto.

Read more for detailed Zengo fees and limits.

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Zengo Wallet Supported Countries

Zengo has a broad outreach available in 188 countries worldwide, including the United States, the UK, Australia, and others. However, the wallet is unavailable in countries like North Korea, Cuba, and Iran.

In more detail, you can assets to the official website of Zengo wallet to verify that your country is supported.

Supported Countries Of Zengo Wallet

Zengo App and Ease of Use

Zengo Mobile App

Zengo mobile app is available for both Android and iOS devices. It is also very easy to use and has a nice interface.

The app has a clear and beautiful design that makes it easy to see your crypto portfolio, buy crypto with different payment methods, swap crypto with low fees, and earn interest on your crypto.

Zengo Customer Support Review

Zengo customer service has a good reputation among most users. You can reach Zengo support service 24/7 by email at or by in-app chat.

Based on the Trustpilot reviews, most users are happy with the customer service they get from Zengo. They say the customer service is quick, friendly, helpful, and professional. They also say that the team is patient, informative, and skilled in their field.

Zengo Alternatives and Comparison

Supported CoinsFeesNFT StorageStakingDApp Integration
Zengo70+FreeYesOnly TezosYes
4.5M+ trading pairsFreeYesYesYes
MetaMaskETH and any ETH-based token (ERC-20, ERC-721, and more)0.875% service feesYesYes (by connecting to staking pools)Yes
Exodus364+Free (except network fees)YesYesYes (Built-in browser)
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Final Thoughts: Is Zengo Worth it?

Through this Zengo crypto wallet review, we can know that Zengo does not use seed phrases or keys but instead uses a new technology called MPC cryptography to keep your assets secure. You can use this crypto wallet to buy, sell, trade, and access Web3 Dapps with over 70 digital assets.

The wallet is a good choice for those who often forget recovery phrases and have difficulty recovering their wallet. It is a completely self-custodial wallet with full control of your asset.

It is the most secure wallet and claims it has not been hacked. It has a user-friendly interface for beginners.

Zengo Wallet Logo

User Score



Zengo Wallet: Secure by default

Zengo Review: FAQs

Is Zengo a Cold Wallet?

No, Zengo is not a cold wallet. Cold wallets keep your keys offline, like on a hardware device or a paper wallet. Trezor or Ledger can be seen as a good example of a cold wallet (hardware wallet), while Zengo is a self-custodial hot wallet. It must be connected to the internet to perform transactions.

How does Zengo work?

Zengo works by using MPC technology to protect your crypto assets. You don’t have to create or write down any private keys or seed phrases when you make an account.

Instead, you use your email account and 3D FaceLock (an encrypted biometric scan) to get into your wallet. Zengo also makes a recovery file that you can download and upload to Google Drive. This file has encrypted information that can help you regain your account if you lose access to your email or device.

Is Zengo a good wallet for beginners?

Yes, Zengo is a good wallet for beginners who want to start with crypto. It is made to be simple, user-friendly, and secure. You don’t have to deal with complex concepts like recovery phrases, and you can easily buy, sell, trade, and connect to Web3 Dapps with a few taps.

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