Storing and Staking Crypto With ZenGo Wallet
One of the main features that makes ZenGo a good mobile wallet choice is the ability to buy and sell supported cryptocurrencies directly within the app, providing convenience for users and a way for ZenGo to generate revenue.
This feature is only available for Bitcoin (BTC) at this time, with ETH coming soon. You can check and follow the live prices and market caps of cryptocurrencies supported by ZenGo as well as a range of coins it will soon support.
ZenGo is built for you to send and receive cryptocurrencies with total control over your portfolio. You can send and receive cryptocurrencies with no minimums, maximums or extra fees.
It is simple and easy to earn interest on your Bitcoin with ZenGo. ZenGo offers 5% APY on up to $50,000 worth of Bitcoin deposited in your account. This promotion is available from Nov. 1, 2021 to Jan. 31, 2022. Afterward, you earn 4% on Bitcoin deposits.
U.S. inflation is 6%, the highest rate since 1990 while interest paid on savings is low. ZenGo allows you to earn interest on your crypto holdings. Access the earnings tab from your wallet. Coins are lent out and not stored in your wallet, which is how they earn a yield.
You can track your assets and verify your historical transactions and track the flow of funds including market prices. The ZenGo app lets you see when all your transactions took place. You can check your portfolio without needing updates from exchanges or cryptocurrency new sites.
ZenGo supports 74 assets. These range from Bitcoin, Ethereum, Binance Coin, Tether, Luna, USD Coin, Chainlink, Dogecoin, Uniswap, Quant and Dai. Other coins such as HoloToken, TerraKRW and Loom are a few coins supported by ZenGo.
ZenGo Wallet has a strong presence on Meta Platforms Inc. (NASDAQ: FB) or Facebook, Twitter, trading as Twitter Inc. (NYSE: TWTR) and Youtube. You can get most of the answers to frequently asked questions in the help section and enjoy 24/7 support from the ZenGo team to help you answer any questions. Its live support function and tutorial-style blogs can help you sign up, trade and withdraw with ease.
ZenGo is one of the rare crypto wallets where you can buy cryptocurrency from the wallet, depending on your jurisdiction. The fees are competitive, with no processing fee to send or receive cryptocurrency.
Although a network fee is associated with buying and sending cryptocurrency, you can expect to pay 0.75% on crypto trades. The table below provides a summary of processing fees, minimum and maximum accounts as well as the network fee. Its transparent fees and competitive prices warrant a 4.5-star rating.
| Processing fee | Minimum | Maximum | Network fee | |
| Receive crypto | 0% | N/A | N/A | N/A |
| Send Crypto | 0% | N/A | N/A | Yes |
| Buy crypto with credit/debit card (MoonPay) | 5.99% | $100 | Depends on your identity verification level | Yes |
| Buy crypto with bank transfer (MoonPay) | 1.99% | $100 | Depends on your identity verification level | Differs by blockchain and time |
| Sell crypto (MoonPay) | 1.99% | 20 EUR | 2k EUR daily, 10k EUR monthly | Yes |
| Trade crypto | 0.75% | Differs by trading pair and market liquidity | Yes | |
| Deposit ETH/ERC20 tokens into Savings (Compound) | 0% | N/A | N/A | Yes |
| Withdraw ETH/ERC20 tokens from Savings (Compound) | 0% | N/A | N/A | Yes |
| Activate Tezos staking | 0% | N/A | N/A | Yes |
The mobile app is truly intuitive, allowing you to buy, sell and trade cryptocurrency with unbelievable simplicity. You can track your investments at a glance with its user-friendly interface that allows you to buy and sell cryptocurrency in a few taps.
With facial biometrics, you do not need passwords, seed phrases or private keys. And you don’t have to worry about your coins if you lose your phone.
ZenGo has all the functionality you need in addition to stacking and security.
Keyless security: ZenGo does not require users to write down a seed phrase somewhere in order to recover their wallet in case their device is lost or stolen. Instead they use something called encrypted secret key share. The first key is stored on your device, and 1 is on ZenGo’s server, which allows your wallet to be unlocked and used with just a face scan. With facial biometrics, only you control your funds.
ZenGo Wallet supports a wide array of cryptocurrencies, with more than 70 coins and tokens currently supported and more support on the way. You can earn 5% APY on up to $50,000 worth of Bitcoin deposited into ZenGo savings during its promotion running from November to January.
ZenGo card: A ZenGo payment card powered by Visa will soon be available to U.S. investors. The ZenGo visa card will allow you to spend your funds anywhere online and offline anywhere Visa is accepted. There is already a waiting list for the ZenGo card.
The website is easy to navigate, and it has all the information you need without overwhelming you. The website and mobile application are safe, and you can get instant help from a ZenGo specialist 24/7.
ZenGo is not only unique with its keyless login, but it also clearly lists information about supported cryptocurrencies on its app and website. The ZenGo blog is full of useful tips on how to research, trade, stake and swap cryptocurrencies.
ZenGo Wallet vs. Competitors
ZenGo wallet’s innovative facial recognition sign-in process places it above its competitors. It also stands out from competition because it lets you trade and exchange cryptocurrencies at little to no cost.
You can earn interest on your Bitcoin without worrying about lock-up periods. It will soon offer a Visa card that will let you pay for anything including coffee. ZenGo offers an integrated service that allows you to trade and exchange crypto, earn interest and eventually spend your crypto on what you love.
ZenGo is truly innovative, and its facial recognition software allows users to access their wallets without storing a seed phrase to recover the wallet in case their device is lost or stolen. Its competitive trading fees, easy-to-use platform and over 70 cryptocurrencies make it ideal for novices. Additional features such as a Visa card put it among the best wallets on the market.
ZenGo Wallet Video Tutorial
Frequently Asked Questions
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Is ZenGo a safe wallet?
asked
Henri Kouam
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ZenGo wallet is safe. It uses Zoom’s facial recognition software. This feature is incredibly important because to use the functionality of the wallet you scan your live face, which would be hard for a hacker to fake. By providing 2 separate decryption codes stored in 2 places (your device and its servers), it makes it incredibly difficult for your wallet to be hacked, if not impossible.
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Benzinga
How do I get my money from ZenGo?
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How do I get my money from ZenGo?
asked
Henri Kouam
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To send crypto assets from your ZenGo wallet, you can either swipe right on an asset in the Home screen, or you can tap an asset and tap the Send button. Enter the amount you want to send in your preferred currency. Keep in mind that the local currency values are estimates and change frequently based on market conditions.
answered
Benzinga
Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.
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