Zengo Wallet
4.5 ⭐⭐⭐⭐
Zengo
- Developed by KZen Networks, founded in 2018 and headquartered in Tel Aviv, Israel.
- Zengo Wallet was launched in April 2019 and was positioned as the world’s first keyless non-custodial wallet using Multi-Party Computation (MPC).
- Zengo Wallet has marketed itself as an alternative to seed phrase vulnerability, promoting the motto “security by default” and claiming that it has “1.5 million customers. Zero hacks.” It is one of the few non-custodial hot wallets with a Pro tier, requiring a subscription for additional features.
- Backed by investors including Insight Partners, Samsung Next, and Tether. The latter made a strategic investment in Zengo in 2025.
- Security Features: 4.0 ⭐ 85%
- Supported Cryptocurrencies: 4.0 ⭐ 80%
- User Experience (UX): 5.0 ⭐ 90%
- Integration & Compatibility: 3.0 ⭐ 70%
- Transaction Features: 4.0 ⭐ 80%
Zengo Wallet
Your choice of crypto wallet should be seen as a decision as important as the crypto you intend to hold. Users can choose between hot wallets and cold wallets, custodial and non-custodial, with each offering different benefits and disadvantages.
ZenGo is an interesting option in the hot wallet space, offering a free non-custodial crypto wallet with a unique ‘keyless’ MPC security architecture.
In our Zengo wallet review and analysis, we will take you through all the aspects of the wallet, including its security features. In addition, we will explain how Zengo compares to other top hot wallets in areas like web3 features, token support, fees, and more.
Key Features & Functionalities
Security Features
Uses Multi-Party Computation (MPC) to split keys between user device and Zengo servers, eliminating seed phrases. Features 3D FaceLock, cloud backup, optional 3FA, and device management. Zero hacks reported. Closed-source and cloud-dependent.
Supported Cryptocurrencies
Supports 380+ assets (Bitcoin, Ethereum, Solana, stablecoins, memecoins) and custom ERC-20/BEP-20 tokens. NFT support for Ethereum/Polygon.
User Experience (UX)
Beginner-friendly with 60-second onboarding, clean UI, portfolio tracking, and responsive in-app support. Minor cloud sync issues reported.
Integration & Compatibility
WalletConnect supports DeFi, dApps, and NFTs (Uniswap, OpenSea). No dApp browser or hardware wallet integration.
Transaction Features
Offers gas fee customization, fee estimator, SegWit Bitcoin support, and detailed transaction logs. Swapping fees up to 5% (lower with Pro).
Pros and Cons of Ledger Nano X
Pros:
No Seed Phrase Required
Eliminates the single point of failure found in traditional hot wallets.
Beginner-Friendly Onboarding
Simple setup with biometric login and cloud backup, so no technical knowledge is needed.
MPC Security
Advanced cryptography splits key control, enhancing protection without sacrificing control.
Built-in Web3 Access
Supports WalletConnect for DeFi, NFTs, and dApps.
Strong Security Track Record: Zero reported wallet hacks across 5+ years and 1.5M+ users.
Cons:
Not Fully Open Source
Some advanced users may prefer wallets with public code transparency.
Reliant on Cloud & Zengo Servers
Recovery depends partly on infrastructure availability.
Some Features Require Pro Subscription
Earning rewards and using the Web3 firewall requires a paid plan and KYC.
Security Features
Multi-Party Computation (MPC)
Zengo replaces the traditional private key with two independently generated “key shares.” One is stored on the user’s device, and the other on Zengo’s servers.
Unique Recovery Process
Users don’t write down or back up a 12- or 24-word recovery phrase. Instead, Zengo uses advanced biometrics like 3D FaceLock.
3FA & Device Management
Optional multi-factor authentication and device management tools for added security.
Closed-source
The app itself is not fully open-source.
Supported Cryptocurrencies
Popular Coins
Supports over 380+ assets, including major coins and tokens like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Dogecoin (DOGE), Uniswap (UNI), and stablecoins (USDC, USDT)
Custom Token Support
Users can add custom ERC-20 and BEP-20 tokens manually.
User Experience (UX)
Beginner-Friendly
Ideal for users who want the benefits of non-custodial wallets without managing private keys.
Fast Onboarding
Registration takes under 60 seconds with email + biometric scan + cloud permission.
Clean UI
Intuitive interface with portfolio tracking, rewards dashboard, and activity logs.
Support Access
In-app live chat support with relatively fast response times for a non-custodial wallet provider.
Integration & Compatibility
Web3 Support
Zengo now supports WalletConnect integration, allowing users to connect to DeFi protocols, dApps, and NFT marketplaces.
DeFi Integration
You can access apps like Uniswap, Aave, and OpenSea via WalletConnect.
No dApp Browser
Zengo does not offer a built-in dApp browser.
No Exchange Integration
Zengo is not tied to a centralized exchange.
Transaction Features
Gas Fee Customization
Users can manually set gas fees for ETH and other EVM-based tokens.
Fee Estimator
Built-in tool helps choose fast, average, or economy speeds.
BTC Support with SegWit
Supports efficient Bitcoin transactions with lower fees.
Activity Log
Full visibility into transaction history, status, and fee breakdown.
Additional Functionalities
Savings & Rewards
Earn daily interest on BTC and ETH through third-party lending partners (requires KYC and Zengo Pro subscription).
NFT Viewer
Basic NFT display support (Ethereum & Polygon only).
Web3 Firewall
Pro users can enable transaction simulation to detect and block malicious smart contract interactions.
Multi-device Sync
Available with cloud backup across devices.
Security & Risks Assessment
Zengo stands out in the crypto wallet space because it doesn’t use a traditional private key or seed phrase. Instead, it uses something called Multi-Party Computation (MPC) — a security method that splits your wallet’s key into two separate parts: One part is stored on your phone & the other is stored on Zengo’s servers.
These two parts work together (but never fully combine), which means no single point of failure. If your device is lost, you can recover access using your cloud backup, email, and biometric login. As of 2025, Zengo reports zero wallet hacks.
Potential Risks
- While it’s non-custodial, Zengo’s system does rely on cloud services and Zengo’s server availability, which may concern privacy purists.
- Pro features like Web3 firewall and savings tools require identity verification (KYC) and a paid subscription.
- The core app is not fully open source, so independent auditing is limited.
User Reviews & Community Feedback
Trustpilot Ratings & Reviews
Zengo holds a strong rating on Trustpilot with 4.7 out of 5 stars, which is a rare high score for that platform. Users consistently praise the wallet’s ease of use, secure recovery system, and responsive support team. Some low-scoring reviews mention the need for KYC when using certain Pro features.
Reddit & Crypto Community Discussions
On Reddit and X (Twitter), users appreciate the MPC model but sometimes raise concerns about reliance on proprietary infrastructure and cloud services. There is a wider debate among crypto experts on those platforms as to whether MPC can work with true self-custody.
Expert Reviews & Endorsements
Zengo Frequently featured in crypto publications like CoinDesk, Decrypt, and TechCrunch for pioneering MPC security. It was listed as one of the best crypto wallets of 2025 by Forbes.
App Store & Google Play Reviews
On the App Store, Zengo averages 4.7 stars; on Google Play, it sits at 4.5 stars. Users highlight the app’s clean design and peace of mind from not needing a seed phrase. Occasional complaints include cloud sync issues or restrictions around supported coins.
Pricing & Cost Analysis
Zengo Wallet has two tiers: Zengo Essentials, which is free, and Zengo Pro, which is a premium subscription ($19.99 per month).
Additional Features with Zengo Pro include:
Legacy Transfer: Self-custodial inheritance feature to pass on assets.
Asset Theft Protection: Biometric verification for large withdrawals.
Web3 Firewall: Real-time alerts against malicious Web3 activities.
Multiple Wallets: Create up to 5 separate wallets for organization.
Priority Support: Faster response times for customer inquiries.
Discounted Fees: Up to 50% off on crypto purchase fees.
Free Gas Refills: Complimentary gas on select Ethereum Layer 2 networks.
Additional Perks: Free tax reports and discounts on partner services.
Transaction Fees
Network Fees: Standard blockchain network fees apply for transactions; Zengo does not add any additional charges.
Buying/Selling Crypto: Fees vary based on third-party providers. Zengo Pro users receive up to 50% discounts on these fees.
Swapping Crypto: Processing fees up to 3% + up to 2% spread + network fee.
Fees depend on the specific trading pair and market conditions.
Final Verdict & Recommendations
When launching in 2019, Zengo promised a different approach for its non-custodial crypto wallet, eliminating the need for a seed phrase while promising not to compromise on security. To an extent, Zengo has achieved that, pioneering methods like MPC, incorporating additional security measures like 3FA, and quietly building a reputation as one of the best crypto hot wallet providers.
It’s worth reiterating that Zengo Wallet has two tiers, and, as you would expect, there are many more benefits when you sign up for a subscription, including lower crypto transaction fees and more advanced security measures. The wallet is suitable for beginners to crypto, but it has enough advanced web3 features to appeal to experienced crypto holders. It might be worthwhile downloading the free version of Zengo Wallet first before deciding if you wish to upgrade to the paid tier. From us, it gets a 4.5 out of 5.
Our Rating
4.5⭐
⭐ 4.4 | Zengo Wallet
FAQs
Is Zengo a safe wallet?
Zengo calls its wallet “virtually unhackable” due to its use of institutional-grade multi-party computation, which splits your private keys. While this claim could be contested, it is clear that Zengo does put security at the heart of its platform. All hot wallets do carry risks, however, and it is advisable to keep long-term holdings and valuable digital assets in a cold wallet, keeping crypto for day-to-day activities like trading in hot wallets like the Zengo wallet.
Can I store multiple cryptocurrencies on this wallet?
Yes. You can store over 380 unique digital assets (including NFTs) in the Zengo hot wallet. Among the major tokens you can store are Bitcoin, Ethereum, XRP, Solana, and Tezos. You can also hold stablecoins like Tether (USDT) and Circle (USDC), as well as popular memecoins like Doge and Floki.
How does Zengo Wallet compare to Phantom Wallet?
Zengo Wallet and Phantom Wallet have many differences. Phantom Wallet uses a seed phrase for recovery, whereas Zengo uses MPC. Phantom Wallet is open-source, Zengo Wallet is closed-source. Both wallets have web3 features. However, Phantom Wallet goes somewhat further in support for NFTs and dApps linked to the Solana ecosystem. Zengo Wallet is arguably better for beginners.
Does Zengo Wallet support hardware wallet integration?
Zengo Wallet does not have hardware integration. This is by design and is again linked to the wallet’s use of MPC technology. The fact the private keys are split between your device and Zengo’s secure servers means it is not compatible with hardware wallets for offline transaction signing. MetaMask, Exodus, and Trust Wallet are examples of hot wallets that do have hardware integrations.
How can I recover my wallet if I lose access?
It’s part of Zengo’s modus operandi that you can’t technically lose access to your wallet, at least in the same way as you might with a seed-phrase-based non-custodial wallet. It has a unique 3D FaceLock system, forming part of its recovery kit to ensure you don’t lose access to your crypto.
Best Security Practices for Crypto Cold Wallets
While hot wallet providers like Zengo go the extra mile with security features, it is nonetheless true that any online application, like a crypto wallet app, can be compromised through a variety of attack vectors, including phishing and malware. Moreover, as a non-custodial wallet, the onus lies on the user to be the last line of security. Here are some tips for keeping your hot wallet secure:
- Educate yourself on phishing scams.
- Avoid clicking unknown links.
- Only download from trusted sources like Zengo’s official site.
- Never share your login credentials or security phrases with anyone.
- Consider using multiple wallets, including a cold wallet for long-term holdings.