What Is Zengo Wallet?

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Zengo Wallet is a cutting-edge, non-custodial mobile cryptocurrency wallet that redefines security and usability in the digital asset space. Unlike traditional wallets that rely on seed phrases—often vulnerable to theft or loss—Zengo eliminates private keys entirely by leveraging advanced Multi-Party Computation (MPC) cryptography. This innovative approach splits a user’s private key into encrypted fragments distributed across devices and servers, ensuring no single point of failure. With seamless biometric authentication, instant recovery, and integrated DeFi access, Zengo delivers enterprise-grade security to everyday users.

Introduction to Zengo Wallet

Zengo is a secure blockchain wallet designed for storing and managing cryptocurrencies with maximum safety and minimal friction. It replaces the traditional private key model with threshold signatures powered by MPC technology. Instead of one recoverable seed phrase, Zengo generates two mathematically linked secret shares: one stored locally on the user's device and another on Zengo’s server—neither of which can be used independently.

This non-custodial structure ensures full user control over assets while removing the burden of managing complex seed backups. The wallet integrates biometric encryption, Triple Factor Authentication (3FA), and MPC cryptography—technologies long trusted by financial institutions—to deliver a smooth, secure experience. As the first consumer-facing crypto wallet to bring MPC security to the mainstream, Zengo simplifies onboarding, enhances protection, and eliminates common pain points like lost recovery phrases.

👉 Discover how secure crypto storage can be with next-gen wallet technology.

The Origins of Zengo Wallet

Developed by KZen Networks, an Israel-based cybersecurity firm founded in 2018 by Gary Benattar, Omer Shlomovits, Ouriel Ohayon, and Tal Be’ery, Zengo was built from the ground up with security and accessibility in mind. The project gained significant attention during the 2022 FTX collapse, as its unique architecture insulated users from custodial risks.

Backed by major players including Samsung, Zengo raised $4 million in seed funding followed by a $20 million Series A round in 2021, bringing total funding to $24 million. These investments underscore confidence in Zengo’s mission: democratizing high-level cryptographic security for all crypto users.

Security Architecture of Zengo Wallet

Security is the foundation of any reliable cryptocurrency wallet. Zengo excels through a layered defense strategy combining modern cryptography and user-centric design.

Multi-Party Computation (MPC)

MPC is a proven cryptographic method used by banks and institutions to safeguard large-scale financial operations. In traditional wallets, your private key is a single point of failure—if compromised, so are your funds. Zengo avoids this risk by using MPC to split the signing process between your device and Zengo’s remote server. Only when both parties collaborate can a transaction be signed, meaning no single entity ever holds your complete key.

This approach has undergone rigorous testing and real-world validation, making it one of the most secure methods available for personal crypto custody.

Triple Factor Authentication (3FA)

Zengo’s 3FA system ensures your account remains recoverable without sacrificing security. There’s no need to write down or store seed phrases. Instead, recovery relies on three factors:

  1. Your smartphone (possession),
  2. Biometric verification (face scan or fingerprint),
  3. Encrypted cloud backup (via iCloud, Google Drive, or Dropbox).

Even if you lose your phone, you can restore your wallet in seconds using biometrics and your cloud account—without exposing your secrets to Zengo or third parties.

Secret Sharing Mechanism

Zengo replaces the traditional private key with two secret shares generated via cryptographic algorithms. One share resides on your device; the other is encrypted and stored on Zengo’s server. The decryption key lives securely in your cloud account and is only accessible through biometric authentication.

These shares never interact directly and cannot reconstruct the full key unless properly combined during a transaction. This distributed model prevents unauthorized access and ensures long-term asset protection.

Key Features of Zengo Wallet

Buy and Sell Cryptocurrencies

Zengo enables users to purchase crypto directly within the app using fiat currency. Supported payment methods include:

You can buy popular assets like Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) with a minimum investment of $50. While transactions are processed through third-party providers—which may incur fees—the integration offers convenience for beginners avoiding exchanges.

Selling works similarly, allowing direct conversion of crypto to fiat sent to your bank account.

Swap Crypto Assets

The built-in swap feature lets users exchange supported cryptocurrencies instantly within the app. Unlike fiat purchases, swaps use decentralized liquidity pools, reducing reliance on intermediaries. Zengo charges a flat 0.5% fee per swap.

For lower fees, users can connect to Web3 platforms like Uniswap or OpenSea via WalletConnect—bypassing Zengo’s internal pricing and accessing broader market rates.

👉 Explore seamless crypto swaps with integrated DeFi tools.

WalletConnect Integration

Zengo supports WalletConnect, enabling secure connections to thousands of decentralized applications (DApps) across Ethereum, Polygon, Arbitrum One, and Optimism networks.

Users can interact with:

To connect:

  1. Open a DApp and select “WalletConnect.”
  2. Scan the QR code using Zengo’s scanner.
  3. Approve the connection and choose the desired network.

Note: Due to technical limitations in handling ZK rollup transaction signatures, Zengo currently does not support DApps built on ZK-based Layer 2 solutions.

Introducing Zengo Pro: Advanced Self-Custody

Zengo Pro is a premium tier offering enhanced security features for high-net-worth individuals and active Web3 participants. It combines robust self-custody mechanisms with proactive threat prevention tools.

Core Features of Zengo Pro

Legacy Transfer

Zengo Pro introduces the industry’s first self-custody inheritance solution. Users can designate trusted contacts to inherit digital assets upon prolonged inactivity. Recipients can be updated at any time, giving full control over legacy planning without relying on third parties or legal frameworks.

Theft Protection

Assets are tied to your 3D facial recognition data. Set a dollar threshold—for example, $1,000—and any transaction above that amount triggers multi-factor confirmation. This deters unauthorized large withdrawals even if a device is compromised.

Web3 Firewall

Every Zengo Pro account includes an intelligent Web3 firewall that categorizes transactions into three risk levels—green, yellow, red—similar to a traffic light system:

Users gain access to transaction insights, simulating transactions before execution to reveal hidden risks—such as token approvals or gas spikes—empowering informed decisions.

Advantages of Using Zengo Wallet

How to Set Up Zengo Wallet

Step 1: Download the App

Visit the official site and download the ZenGo app from the App Store (iOS) or Google Play (Android). Alternatively, scan the QR code provided on the website.

Step 2: Create Your Wallet

After installation:

  1. Skip the onboarding carousel.
  2. Enter your email address.
  3. Confirm via the verification link sent to your inbox.

You’ll be directed to your dashboard.

Step 3: Build Your Recovery Kit

Navigate to the account section and click “Start” to set up your recovery kit. Follow prompts to link your cloud storage (iCloud, Google Drive, etc.) and enable biometric authentication.

Step 4: Buy Cryptocurrency

  1. Tap “Buy” in the app.
  2. Enter amount (minimum $50).
  3. Choose asset (BTC, ETH, USDC).
  4. Verify via email code.
  5. Enter billing address.
  6. Select payment method and complete purchase.

Connecting Zengo to DApps via WalletConnect

  1. On your desktop or mobile browser, open a DApp like Uniswap.
  2. Click “Connect Wallet” > “WalletConnect.”
  3. Open Zengo and tap the QR scanner icon.
  4. Scan the displayed code.
  5. Confirm network selection (Ethereum or Polygon).
  6. Approve connection.

Once connected, you can interact with DeFi protocols securely from your mobile device.

Frequently Asked Questions (FAQ)

Q: Does Zengo store my private keys?
A: No. Zengo uses MPC to eliminate traditional private keys altogether. Your signing authority is split between your device and server-side encryption—neither holds full access.

Q: Can I recover my wallet without a seed phrase?
A: Yes. Recovery uses biometrics + cloud backup (iCloud/Google Drive). No seed phrase needed.

Q: Is Zengo safe if my phone is stolen?
A: Yes. Without biometric access and your cloud credentials, thieves cannot retrieve funds—even with physical possession.

Q: Are there transaction fees on Zengo?
A: Swaps have a 0.5% fee; blockchain network fees apply separately. Fiat purchases may include processor charges.

Q: Does Zengo support Bitcoin?
A: Yes. You can store, send, receive, buy, and swap BTC directly in the app.

Q: Can I use Zengo Pro for free?
A: Pricing details are not publicly listed; Pro features may require subscription or meet eligibility criteria.

Zengo Wallet sets a new standard in secure, user-friendly crypto custody. By replacing outdated key models with MPC and biometrics, it offers peace of mind for both newcomers and seasoned investors.

👉 Secure your digital future with advanced crypto wallet innovation.