Description
Zengo is a next-generation self-custodial crypto wallet that replaces traditional seed phrases with advanced Multi-Party Computation (MPC) cryptography. Backed by over 7 security audits and 8 patents, Zengo provides enterprise-grade security for both individuals and businesses.
Key Features
- MPC-Powered Security: Two independently-created secret shares (Personal Share and Remote Share) must collaborate to sign transactions — no single point of failure exists.
- 3-Factor Recovery: Recover your wallet using your email, 3D FaceLock biometrics, and an encrypted Recovery File — no seed phrase required.
- Multi-Chain Support: Buy, sell, swap, and earn across Bitcoin, Ethereum, Solana, TRON, and 12+ blockchains with thousands of assets.
- Zengo Pro: Unlock advanced features including multiple segregated wallets, Legacy Transfer (crypto inheritance), Theft Guard (multi-factor withdrawal approvals), Web3 Firewall (transaction risk classification), and Private Transaction Mode.
- Zengo Business: Treasury management solution for companies with team workflows, whitelisted addresses, MultiSig approvals, and built-in compliance tools including ISO 27001 certification.
Use Cases
Ideal for both individual crypto holders seeking maximum security without hardware wallet complexity, and businesses needing a compliant, scalable crypto treasury management platform. Zengo's 24/7 customer support and zero-hack track record make it a trusted choice for over 2 million users globally.
Highlights
Pros
- 3-Factor Recovery system (email, 3D FaceLock biometrics, encrypted Recovery File) enables wallet restoration without a seed phrase even if the device is lost.
- Zero hacks since founding in 2018, securing over 2 million wallets with no reported security breaches or lost funds.
- Legacy Transfer feature provides a programmable crypto inheritance solution that automatically grants assets to designated beneficiaries after a period of inactivity.
- Maintains the world's largest open-source MPC library with 8 patents and regular security audits by firms like Certik.
- MPC cryptography eliminates seed phrase vulnerability by splitting private keys into two independently-created secret shares, with zero single point of failure.
- Multi-chain support across Bitcoin, Ethereum, Solana, TRON, and 12+ blockchains with in-app staking, swaps, NFT management, and WalletConnect dApp integration.
Cons
- Relies on centralized Zengo servers to hold one MPC key share, introducing a trust dependency that conflicts with full decentralization principles.
- Registration requires an email address, and the wallet's recovery mechanism depends on access to cloud storage (iCloud/Google Drive), limiting full anonymity.
- Codebase is only partially open-source, with some critical components remaining closed to public audit and review.
- Lacks advanced trading features such as limit orders, margin trading, and deep portfolio analytics expected by professional traders.
- Does not integrate with hardware wallets like Ledger or Trezor, limiting cold storage options for users who want offline key management.
- 3D FaceLock recovery requires a device with compatible 3D face-scanning hardware, limiting recovery convenience for users on devices without such sensors.