Why not to use Zengo?

Zengo may be suitable for users who need more security options. However, You may not want to use Zengo is your are cautious of having a portion of your private keys on Zengo's servers.

Which is better Zengo or Trust Wallet?

Zengo may be a better option for users who require a security first approach. However, Trust Wallet is a better option if you require more features. Your wallet choice will depend on your individual requirements and priorities.

Is Zengo better than Coinbase?

Zengo may be a better option for users that do not want to create an account on Coinbase to purchase crypto. Zengo allows you to purchase crypto without the exhaustive KYC process through third-parties.

Can you withdraw from Zengo?

Zengo does not require an account in the same sense that a centralized exchange requires one. Therefore, you can withdraw to the Zengo wallet or from the wallet.

Which countries cannot use Zengo?

Zengo is subject to the laws and regulations of Israel. However, countries that are currently under a U.S. embargo can not use Zengo. Zengo has a global presence and is accessible in most countries. Currently, it is not available in China and a few other countries due to local prohibitions.

Does Zengo offer any special offers or bonuses?

Zengo has a referral program for users with a Zengo account. Users can receive $10 in bitcoin for every $500 that their referral spends. There's no limit to the number of users you can refer to Zengo. Once someone you referred meets the $500 cumulative purchase threshold, your free bitcoin rewards are automatically deposited into your Zengo wallet.

What is safer than Zengo?

Hardware wallets are typically considered top of the line security when it comes to crypto wallets. Wallets like Trezor and Ledger are industry standard hardware wallets.

What is the disadvantage of Zengo?

Zengo is advantageous for users who would like security options outside of passwords and seed phrases. The wallet does not use seed phrases or passwords and employs MPC technology.

How do I withdraw money from Zengo?

Zengo is a wallet, technically you do not withdraw from a wallet. However, you can send crypto to other wallets and sell crypto from within the Zengo wallet.

Does Zengo have any fees?

Zengo does not have any fees and is free to use. However, Zengo Pro gives you more security features for $19.99. These include the self-custodial inheritance system, legacy transfer, asset theft protection linked to your real-time biometric authentication, the web3 firewall, and the added benefit of priority 24/7 support.

Can Zengo be trusted?

Whether or not Zengo can be trusted depends on what you are using it for. Users should do their own due diligence before using any wallet. In general, the wallet employs a number of security measures, has a good reputation, and positive user reviews.

Zengo has optimized security features for users. However, users should do their own due diligence before using any wallet.

What is Zengo used for?

Zengo is a cryptocurrency wallet that allows you to send, receive, swap, store, and purchase crypto. The wallet is also optimized for security. Users can also stake tezos via the Zengo wallet.

Does Zengo have a mobile app?

Yes, Zengo has a mobile app. It is available on iOS and Android. Zengo is a web3 hot wallet designed to support multiple cryptocurrencies. Ouriel Ohayon, Tal Be’ery, and Omer Shlomovits founded Zengo in June 2018. The company aims to improve usability and security for crypto owners managing their assets.

Does Zengo offer a demo account?

Zengo does not have a demo account. It is not an exchange, nor does it offer exchange services. The wallet uses multi-party computation (MPC) technology to secure user accounts.

Does Zengo have a withdrawal fee?

Zengo is not an exchange, therefore it does not have a withdrawal fee. Transactions are subject to gas fees of the cryptocurrency's respective blockchain.

Can I transfer money from Zengo to my bank account?

No, you can not transfer money from Zengo to your bank account. You can sell cryptocurrency to in-app payment services, and subsequently deposit the proceeds to your bank account.

Does Zengo require KYC?

No, Zengo does not require KYC. You will need to submit a face scan and email to create a wallet account. If you want to purchase cryptocurrencies, you can utilize in-app payment services like MoonPay or Banxa. This is more convenient than going through the lengthy KYC process of creating an account on a centralized exchange

Is Zengo a legit site?

Yes, Zengo's website is safe to use. However, users should use best security practices with their browsers regardless. Always make sure you are clicking on official links.

Does Zengo have good customer support?

Zengo has round the clock customer service for Pro users. Customers also speak positively of the wallet's customer support. We raised customer service queries throughout our review process to measure the company's responsiveness and the level of assistance provided, and found responses to be timely and useful.