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Yes, Zengo is a highly legitimate, secure, and popular self-custodial cryptocurrency wallet. First launched in 2019, it stands out in the crypto space for eliminating vulnerable seed phrases by utilizing advanced Multi-Party Computation (MPC) cryptography.Key Things to Know About ZengoSecurity & Recovery: Instead of a traditional private key, Zengo splits your security data between your phone and their servers, allowing you to recover your wallet using your email and 3D facial biometrics.Track Record: Since its inception, Zengo has recorded zero user wallets hacked, drained, or phished.Features: You can securely buy, sell, swap, and store hundreds of crypto assets directly within the app using options like credit cards, Apple Pay, or Google Pay.Pros: It is incredibly user-friendly for beginners because it eliminates the stress of hiding or memorizing long seed phrases.Cons: Because it relies on MPC, it gives up a slight degree of total decentralization compared to traditional self-custodial wallets. Additionally, fees for in-app swaps and purchases can be higher than using a centralized exchange.
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