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Zengo Wallet: Our Comprehensive Review for 2026
Zengo Wallet is a non-custodial mobile cryptocurrency wallet that replaces the use of private keys in favor of threshold signatures to create two ‘mathematical secret shares’ – one stored on your mobile device, the other on their servers.
This means there’s no risk of irretrievably losing your coins in the event of hacking or wallet loss, which is an interesting new means of dispensing with seed phrases. There are pros and cons to this level of convenience, however, which we will go over in this review.
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Zengo Wallet Overview
- No passwords, no seed phrases, no private keys = no lost funds to a lost passwords
- A hybrid of a custodial and non-custodial wallet
- Free to download and set up takes just 21 seconds
- Streamlined user interface that’s easy to understand for crypto users
Zengo Pros & Cons
Pros
Streamlined user interface
Buy and sell within app
One of the easiest wallets to set up
Cons
No recovery phrase provided
Not fully non-custodial
Best Features of Zengo
There are several main features of Zengo that make it a good mobile crypto wallet. The first is the ease of set up for new users. This is because, unlike most digital asset wallets, Zengo does not require you to write down a seed phrase in order to recover your wallet if your device is lost or stolen. Instead they use something called encrypted secret key share. One key is stored on your device, and one on their server, so your wallet can be unlocked and used with just a face scan.
Another feature is the ability to buy and sell supported cryptocurrencies directly within the app, providing convenience for users and a way for Zengo to generate revenue for their free wallet. The downside is that sell is currently available for BTC only with ETH coming soon. Sell is supported in 28 countries.
Zengo also offers full NFT functionality so users can store and view their Web3 assets via the wallet and it also has an above-average support team that is available 24/7.
Cryptocurrencies Supported
Zengo Wallet supports a wide array of cryptocurrencies, with 120+ coins and tokens currently supported and more on the way. Here are some of the cryptos:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Binance Coin (BNB)
- Dogecoin (DOGE)
- Polygon (MATIC)
- Chainlink (LINK)
- Uniswap (UNI)
- Aave (AAVE)
- Tezos (XTZ)
- Synthetix (SNX)
- SushiSwap Token (SUSHI)
- Basic Attention Token (BAT)
- DAI (DAI)
- 0x (ZRX)
- TrueUSD (TUSD)
For a full list of supported and unsupported crypto assets click here.
Zengo Fees
Zengo is one of the rare crypto wallets where you can buy cryptocurrency directly from the wallet (depending on your jurisdiction). We found the fees competitive with the industry (if slightly higher).
One of the best features is that they are one of the only crypto buying services where you can choose a custom network fee (economy, regular and fast). That means that you have some flexibility in how much you’ll pay in fees, so long as you are willing to wait. You can even speed up or cancel transactions outright after they’ve been submitted (but not after they are confirmed by the blockchain).
Is Zengo Wallet Safe?
Zengo wallet is very safe. They use Zoom’s facial recognition software and even provide a test within the application, so someone can’t just use a photo of your face to get into the wallet (it does not work that way).
By providing two separate decryption codes stored in two places (your device and their servers) it makes it incredibly difficult for your wallet to be hacked, if not impossible. Zengo even put out a hacking challenge for a wallet with 1 Bitcoin in it, and no one was able to hack into it, further showing the strength of security. That’s why many feel it’s safer to use the wallet than leave their money on an exchange.
Supported Operating Systems
Zengo Wallet is only available for mobile. You can download it for Android and iOS in their respective app stores, or have Zengo text you a download link. The apps will walk you through initial setup.
What is Zengo Pro?
Zengo Pro is a premium set of security features offered by the Zengo team that starts as low as $20 month.
The idea behind Zengo Pro was to remove some of the risk and difficulty in securing crypto. It gives access to a dedicated team that provides 24/7 support and is an extra level of security that advanced crypto users will likely appreciate. It also might be good for new crypto users who don’t feel comfortable with self-custody yet.
Some of the highlights of Pro include:
- Legacy Transfer: This is a new feature that gives beneficiaries access to your cryptocurrency in the case of death or prolonged absence. Quite often crypto gets locked away with a single person so this is an important recovery feature.
- Asset Withdrawal Protection: Users can prevent unauthorized withdrawals with 3D FaceLock biometric verification.
- Advanced Web3 Firewall: Real-time risk assessments and alerts that protect you against Web3 attacks
- Priority 24/7 Support: The team has a typical response time of under 3 minutes, with support for 180 languages
Potential Dealbreakers: Unpacking the Downsides
Many Zengo wallet reviews appreciate the novel approach to securing your wallet, but some crypto purists prefer the combination of a hardware wallet, like Ledger or Trezor, and a traditional recovery seed.
It’s important to note, however, that millions of dollars in crypto is lost due to user error and having access to cloud recovery systems can be a life saver in those situations. Thanks to Zengo’s strategies, it’s less likely that customers will lose access to their funds.
So is the wallet worth it? Yes, if you want to keep your money safe and preserve access. It’s why we recommend it for investors and newbies alike.
FAQ
Zengo wallet is known for their top-notch security. They have never been hacked.
To get money out, simply send your digital assets or funds to an exchange. From there, you can either have your account linked or use traditional banking methods to get your money out.
Coinbase is an exchange, which is primarily for investing and trading cryptocurrency. You can also store your digital assets and money there. Zengo is primarily a crypto wallet and their goal is security first and foremost. You can also make trades and swaps via Zengo but that’s a secondary feature.
Zengo uses their own software to provide top-level security. In terms of the networks, you have access to whatever blockchain you want if you want to make swaps. There will be network fees depending on which you use.
It’s free to download. There will be fees, however, when you make trades and that’s how they make money.
