ZenGo Wallet Review
ZenGo Wallet Review: About Zengo
ZenGo Wallet is a non-custodial mobile cryptocurrency wallet that uses threshold signatures instead of private keys to produce two mathematical secret shares – one on your mobile device and the other on their servers.
This implies that there is no single point of failure and no chance of losing your funds irreversibly in the case of hacking or wallet loss.
ZenGo Wallet Review: Fees
ZenGo is one of the few cryptocurrency purchasing businesses that allows you to choose your own network cost (economy, regular and fast). That implies you have some leeway in deciding how much you’ll spend in fees, as long as you’re ready to wait. You may even accelerate or cancel transactions after they’ve been filed (but not after they are confirmed by the blockchain).
There are two choices, both of which are implemented by third-party companies.
- Trade: This feature allows you to exchange coins for other cryptocurrencies or tokens. For example, you can change your Bitcoin into USDC. The cost is only 0.75 per cent in this case.
- Buy and sell: This lets you purchase cryptocurrency using fiat currency (e.g., $ or €) through a credit/debit card or bank transfer. Buying with a credit card costs 5.99 percent, however, buying with a bank transfer costs only 1.99 percent.
ZenGo Wallet Review: Features
|Wallet Type||Mobile Wallet|
|Price||Free download plus internal purchases|
|Mode||Hybrid(custodial and non-custodial)|
ZenGo Wallet Review: Popular Review
ZenGo Wallet Review: Purchase Limit
To buy cryptocurrencies on ZenGo, you must first authenticate your identity. There are three stages of authentication, each with its own purchasing restriction.
- Level 1: €150 per month maximum
- Level 2: €20,000 per month maximum
- Level 3: €50,000 per month maximum
Zengo Wallet Review: Pros and Cons
|Users can buy and sell through the app||Partially non-custodial.|
|Users can earn interest on holdings||Cloud or drive keyless backup required.|
|Extreme easy set-up.|
ZenGo Wallet Review: Compatible Currencies and Countries
- Bitcoin (BTC)
- Binance Coin (BNB)
- Ethereum (ETH)
- Tezos (XTZ)
- 0x (ZRX)
- Augur (REP)
- Basic Attention Token (BAT)
- ChainLink Token (LINK)
- Chiliz (CHZ)
- Civic (CVC)
- Dai (DAI)
- Decentraland (MANA)
- Golem (GNT)
- Huobi Token (HT)
- Leo Token (LEO)
- Loom (LOOM)
- Maker (MKR)
- OmiseGo (OMG)
- Paxos Standard (PAX)
- Tether (USDT)
- TrueUSD (TUSD)
- USD Coin (USDC)
The wallet is available worldwide for those looking to use it specifically for storing and using cryptocurrency.
ZenGo Wallet Review: Review Video
ZengGo Wallet Review: Some thoughts of people
Also read: EVFM Stock Forecast
ZenGo Wallet: Google Trends
ZenGo Wallet Review: App Store and Play Store Top Review
– Dhvipasha Purohit
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