What is ZenGo?
Zengo is a non-custodial wallet with no private key vulnerability. It protects users' accounts with MPC security without seed phrases or passwords which can be stolen or lost. It is a multi-chain wallet that supports more than 70+ crypto assets and enables users to securely send, receive, exchange, and hold digital assets. it's available on iOS and Android devices.
Zengo wallet provides a unique security model that removes failures found in traditional vulnerable seed phrases and enables easy recovery of accounts with the use of email, storage service and a selfie scan.
Zengo was founded was co-founded in 2018 by Ouriel Ohayon, Tal Be'ery Omer and Shlomovits
What Problem does ZenGo solve?
About 100 billion dollars of crypto assets have been lost, because of private key mismanagement, despite the mantra of “not your keys, not your crypto” crypto assets are being lost due stolen seed phrases, misplaced private keys, and a flight to CeFi exchanges and ‘crypto banks.
Using advanced MPC cryptography, Zengo has been able to control issues that exist with custodial wallets that store private keys on their server and self-custodian wallets that store private keys on users' phones and computers.
With Zengo there are no keys to lose because Its integration with MPC provides unique protection for web3 applications with Clearsign, a Firewall that alerts users against approving sensitive Web3 attacks and ensures accounts can be recovered by Email, 3D FaceLock, an encrypted biometric scan and Zengo recovery file.
Who uses Zengo?
Zengo wallet is accessible to all cryptocurrency users for trading and holding digital assets
What can Zengo be used for?
The Zengo wallet is available for users and can be used in a variety of ways, aside from trading and holding cryptocurrency users can;
- Buy cryptocurrency: Zengo enables users to experience easy and safe buying of crypto assets using different payment methods like Apple Pay, credit or debit cards, bank transfer, etc.
- Interact with NFTs Dapps: Users can interact with NFT-enabled decentralized applications (Dapps) and use NFTs and cryptocurrencies within the Dapps through the built-in WalletConnect feature.
- Exchange cryptocurrency: Zengo built-in decentralized exchange can be used for cross-chain swapping with a centralized exchange.
How to get with Zengo?
Zengo wallet is available to download on iOS and Android devices for free,
click on create account after you've downloaded the Zengo wallet and your account will be automatically generated, no seed phrase needed.