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Yes, Zengo is widely considered a safe, legitimate, and trustworthy self-custodial wallet. It is particularly favored by beginners because it eliminates the risk of losing seed phrases, though this comes with a slight trade-off in decentralization.Core Security & TechnologyMPC Technology: Zengo uses Multi-Party Computation (MPC) instead of traditional private keys. It creates two mathematical secret shares: one is stored on your phone, and the other on Zengo’s servers. Your crypto can only be accessed if both shares are used, preventing theft if only one side is compromised.Zero Major Hacks: Since launching in 2018, Zengo has maintained a flawless track record of never being hacked.Recovery Model: Because there is no seed phrase, account recovery is managed through 3-Factor Authentication (3FA), which links to your email, a cloud backup, and a 3D FaceLock scan.
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