Zengo Review
Verdict
No seed phrase to lose or get phished — institutional-grade MPC key-splitting with 3-factor recovery.
Score breakdown
Six pillars, weighted identically for every wallet (security-weighted).
Pros
- MPC seedless — nothing to write down or phish
- 3-factor recovery (email + FaceLock + cloud)
- Clean beginner UX
- Strong track record
Cons
- Mobile-only, no browser extension
- App is partly closed-source
- Best features locked behind Pro
Security & track record
Advertises a "zero-hack" record since 2018. Trade-off: recovery relies on Zengo’s server-side key share remaining available.
Specifications
| Type | Software · Mobile MPC (seedless) wallet |
|---|---|
| Price | Free · Pro ~A$76/yr (Pro ~US$49.99/yr) |
| Maker | Zengo · Israel |
| Released | 2018 |
| Secure element | — |
| Open source | Partly open-source |
| Backup / recovery | Seedless MPC + 3-factor recovery |
| Air-gapped | No |
| Connectivity | Mobile |
| Screen | — |
| Platforms | iOS, Android |
| Assets | 120+ assets (BTC, ETH, SOL, EVM) |
Zengo — frequently asked questions
Is Zengo safe?
Zengo is a software wallet. As a software (hot) wallet, its keys live on your connected device — convenient, but more exposed than a hardware wallet. Its firmware and app are partly open-source. Advertises a "zero-hack" record since 2018. The biggest risk with any self-custody wallet is your recovery phrase — never share it or type it into a website.
How much does Zengo cost?
Zengo costs Free · Pro ~A$76/yr (Pro ~US$49.99/yr). Only ever buy a hardware wallet directly from the manufacturer or an authorised reseller — never a marketplace listing or a "pre-configured" device.
What coins does Zengo support?
Zengo supports 120+ assets (BTC, ETH, SOL, EVM). Check it covers the specific coins and networks you hold before you commit.
Is Zengo good for beginners?
Yes — Zengo is one of the more beginner-friendly options. It's a mobile mpc (seedless) wallet, best for no seed phrase, beginners, security-first.
What happens if I lose my Zengo?
You restore access from your backup (Seedless MPC + 3-factor recovery). But if you lose the recovery phrase itself, the funds are gone permanently — no one, including the maker, can recover them. Back it up offline in more than one secure place.
General information only — not financial advice. Prices are approximate (many makers publish USD only) and change frequently; verify current pricing with the maker. Self-custody wallets put you in full control of your keys and your risk.