ZenGo Review: Is it Worth it? (2022)

ZenGo Review

ZenGo Review:

In this ZenGo review, we will be examining whether or not the ZenGo is safe, secure, private, and overall worth your time!

If you'd like to get $10 worth of BTC, simply follow the link below and insert the ZenGo referral code ZENX0B4G

ZenGo Review

ZenGo Review: Background

ZenGo is a non-custodial digital currency wallet founded in 2018 and developed by KZen Networks. The company builds technology in the blockchain space focusing on security, UI, and UX.

ZenGo is headquartered in Sarona, Tel Aviv-Yafo, ZenGo has offices in both Tel Aviv-Yafo and Wien.

ZenGo is the first-ever non-custodial keyless crypto asset wallet. By “keyless” it means there is no private key held by ZenGo or you because it never gets created. There’s no magic involved, it’s simply the advanced cryptography used by ZenGo.

ZenGo uses a combination of the best design practices and strongest security measures in the industry to let customers send, receive, and store their crypto assets with complete peace of mind.

The company values are simple: Obsess over security and good customer experience above all else. Everything it does filters through this lens.

ZenGo Review: Main Features

Here are some of ZenGo's main features!

  • Store, buy, trade, send and receive crypto.
  • Sell Bitcoin in Europe, the UK, and the US
  • Swap the different cryptocurrencies from nearly anywhere in the world
  • Over 70 crypto assets are supported including Bitcoin, Ethereum, Dogecoin, Shiba Inu
  • Enjoy 24/7 support by human agents
  • Choose from the 3 network fees modes (economy, regular, fast). Applicable for BTC, ETH, ERC20.
  • Cancel or speed up your sent transactions before they are confirmed on the blockchain with 1 tap.
  • Earn up to 8% APY on your crypto assets

ZenGo Review: Security

The “be your own bank” model is promising in theory, but for most people, bank-grade security is harder to implement than it sounds, which leads to human error and loss of funds. On the other hand, leaving your funds in a custodial wallet is also risky.

An estimated $2.7M is stolen from custodial wallets by hackers every day.  Using advanced cryptography, ZenGo has removed the single point of failure that exists with custodial wallets that store private keys on their servers, and self-custodial wallets that store private keys on your personal phone or computer.

With ZenGo, there are no private keys to lose. ZenGo is a truly keyless wallet.

ZenGo replaced the traditional private key with two independently created mathematical secret shares. One share is stored on your mobile device and the other on the ZenGo server. With no single point of failure, even if something happens to one of the shares, your crypto is always safe. No one but you can control your crypto, and your wallet is always backed up.

2FA is a security process that requires setting up a second authentication factor. ZenGo’s security model is, by design, 3FA (3 Factor Authentication). Here are the 3 factors that ZenGo uses to keep you safe:


  • Your Email

Confirm when signing up with a magic link

  • Recovery File

Used to store a decryption code associated with your account in your personal cloud service

  • Your Face Scan

A securely encrypted mathematical representation of your face is stored on ZenGo's servers so that in case you delete the app or switch devices, you can still restore your account. (The face scan is encrypted before reaching the servers).


By combining these 3 factors, as well as ZenGo's cutting-edge, MPC-based cryptography, the company has minimized the risk that comes with cryptocurrency storage.

ZenGo has also implemented a first of its kind guaranteed access solution – Chill Storage™, which guarantees access to your funds even in extreme cases.

ZenGo Review: Privacy

We know how important privacy is. With ZenGo, you only need to give the bare minimum amount of personal information for the app to work. To sign up, all you need to provide is an email address. To use keyless backups (which we strongly recommend!), you need to create an encrypted mathematical representation of your face (not an actual photo). ZenGo also collects non-personal information about app usage and transaction details to improve the service.

ZenGo Review: Fees

ZenGo provides a variety of services in the ZenGo app, some require fees and others are free to use. You will always be able to send, receive, and securely store your cryptocurrency in ZenGo free of charge, anywhere in the world, without limits.

ZenGo's fees may change from time to time and vary depending on the service, in order to get the latest fees, please follow the link below.

ZenGo Review: Supported Assets

The list of assets supported by ZenGo is often updated, for the latest list of supported assets, follow the link below.

ZenGo Review: Usability

ZenGo deeply understands the problems with using crypto wallets today, namely that they are clunky and confusing. ZenGo has put a lot of thought and work into building the easiest and most enjoyable wallet for its customers. This is one of ZenGo's core principles and will always be a top priority for them (right after security).

The app is very appealing and easy to use.

ZenGo Review: ZenGo Savings

Savings is a service for anyone interested in earning extra money just by holding cryptocurrency. Now in a few taps, you can earn daily interest and rewards. It’s a safe and simple way to earn passive income in crypto.

Here are two ways to earn with ZenGo Savings:

  1. Lending: You are essentially loaning your crypto to Nexo where others can borrow it in return for paying you interest. Nexo is a licensed and registered financial institution for crypto lending and calculates interest on a daily basis. Interest is added to your balance on a daily basis, providing you with compound interest in the same currency that you’re lending.

  2. Staking: Staking lets crypto holders earn extra income by contributing to the network security of a proof-of-stake (PoS) asset. By contributing (delegating) the voting rights associated with your asset to a validator node, you increase the chances of the validator to validate transaction blocks and in return earn rewards. They then share a portion of those rewards with their delegators. Currently, ZenGo offers staking with Tezos (XTZ), but in the future, it plans to add more staking assets.


You can start earning in just a few taps by following these simple steps:

  1. Pick which asset you want to earn. You’ll find the available interest rates (APRs) on the “Earn” screen in the app to help you decide.

  2. Tap on the asset. If you don’t own any, we’ve made it easy to buy or receive.

  3. Tap the Deposit button and choose how much you’d like to allocate to Savings.

  4. Tap “Confirm”.

That’s it! You’ve just started saving. Now just sit back and watch your portfolio grow.


For lending in Nexo, your interest accrues in kind, once per day, and gets added to your lending balance automatically, so you can earn compound interest. The first interest payment after your initial deposit will be paid no earlier than 24 hours after the deposit, between 7:00-8:00 am CET on the following day.

For staking, there's an initial waiting period of approximately 33 days before receiving your first reward payment. After that, you should receive a reward payment from the validator approximately every 3 days which gets deposited directly into your wallet.


Your funds are always accessible from your ZenGo wallet while in Savings. All transactions are on-chain and only you have the ability to move your crypto. That said, there are slight differences between lending and staking in this regard.

Funds that you’ve lent to Nexo are stored with Nexo so you first need to withdraw them to your ZenGo wallet before sending them elsewhere.

On the other hand, funds that are delegated to staking are never sent out of your wallet. You only delegate your voting rights for the asset, not the asset itself. So you don’t need to do any special withdrawal action to be able to send them out of your ZenGo wallet.


The only fees you need to pay are network fees (not paid to ZenGo but to the blockchain networks) to complete your deposit and withdraw transactions or to activate staking.


For lending, your assets are held with Nexo. For staking, your assets are held in your ZenGo wallet.


Lending: Since lending involves sending your crypto to a 3rd party, there are certain counterparty risks involved. We recommend doing your own research into the various aspects of counterparty risk before making any financial decisions.

Staking: Since you don't need to part with your assets in order to delegate them, your funds always remain in the safety of your ZenGo wallet. This means that validators do not have access to your funds, and you earn the rewards with no counterparty risk.


If you'd like to learn more about ZenGo Savings, follow the link below.

ZenGo Review: Pros & Cons

ZenGo: Pros

  • The keyless wallet technology
  • The savings feature
  • Very user friendly
  • Strong security and privacy features

ZenGo: Cons

  • Need to store the Keyless Recovery Backup on iCloud or Google Drive
  • Only available on mobile
  • Buying and selling are not available in some countries and US states

ZenGo Review: Verdict

After our ZenGo review, we found this to be one of the most interesting products in the crypto market today!

ZenGo is extremely user-friendly, it has great security and privacy features, fees are reasonable, it offers a savings feature and its keyless wallet technology is truly revolutionary.

On the downside,ZenGo requires you to store the Keyless Recovery backup on either iCloud or Google Drive, which, as we know, are far from great for privacy.

ZenGo is also only available on mobile, it can't be accessed via a desktop.

Buying and selling are not available in some countries and US states, something which, hopefully, will soon change.

In the near future, ZenGo is looking to add wallet-connect features while moving into web3, it's also looking to add support for NFTs, and will soon be adding SOLANA as a supported asset.

If you'd like to get $10 worth of BTC, simply follow the link below and insert the ZenGo referral code ZENX0B4G

  • OVERALL SCORE

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ZenGo Review 2

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About Dalton Rush

Dalton Rush has always been aware of a centuries-old cult's intent to control the majority through centrally controlled global organizations by deceiving the public into accepting their system with the help of multiple made-up crises. This is why he developed a passion for self-education, self-expression, freedom, privacy, and independence, all of which led to the creation of RushRadar.

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