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Yes, Zengo is widely considered a highly trusted and secure self-custodial crypto wallet. Trusted by over a million users since its launch in 2018, it boasts a track record of zero hacks.Pros & Trade-offsSeedless Security: Instead of a vulnerable 12- or 24-word seed phrase, Zengo uses institutional-grade Multi-Party Computation (MPC) cryptography. Your wallet is split into two mathematical shares—one on your device and one on Zengo's servers—eliminating single points of failure.Recovery: Restoring your wallet requires a combination of email verification, a recovery file, and 3D FaceLock biometrics.Trade-off: Because it is a custodial-style experience for ease of use, you must trust Zengo's servers to facilitate your transactions. It also lacks the non-standard features of highly advanced web3 wallets.Features & FeesWhat you can do: Buy, sell, trade, and store hundreds of crypto assets (including Bitcoin and Ethereum) and NFTs.Fees: While the basic wallet is free, in-app crypto purchases and swap fees can be higher than using standard exchanges, and the Zengo Pro subscription layer adds premium security features but comes with a monthly cost.
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