With the growing dominance of the crypto industry, users are looking for the best ways to buy, sell and store their digital assets. One popular way of doing so is with cryptocurrency wallets, allowing investors to store their tokens privately and not on a centralized exchange. This article takes a look at one of the best cryptocurrency wallets to use in 2022 – ZenGo. 

What is ZenGo?

ZenGo is a highly secure crypto wallet app that supports the trading of more than 70 cryptos to more than half a million customers located in 180+ countries. ZenGo logo

Most crypto wallets provide investors with a unique alpha-numeric code to access their wallets, but ZenGo delivers two independently created mathematical secret shares. One code is sent to the users’ mobile device, while the other is stored on ZenGo’s servers. Thus, there is no single point of failure when using ZenGo. 

Furthermore, ZenGo offers a unique 3-Factor Authentication protocol – including email verification, recovery file and a face scan to prevent potential hackings or unauthorized access. Thus, ZenGo aims to provide a simple and straightforward interface without the complex KYC forms and phrase passcodes to remember. 

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

ZenGo Features

After downloading the ZenGo app from the Apple Store or Google Play, users can buy, receive or trade cryptos in just a few taps. Investors can choose to deposit a minimum of $85 when purchasing cryptos or simply access their wallet numbers and send digital assets from another wallet to ZenGo. 

ZenGo DeFi

ZenGo also stands out since it gives multi-chain access to multiple Web 3-based protocols on the Ethereum network. The platform uses WalletConnect to connect with the Ethereum blockchain – giving users access to a wide range of DeFi (Decentralized Finance) protocols from the network. Therefore, investors can easily access all Ethereum features such as NFT marketplaces like OpenSea to metaverse-gaming platforms like Sandbox. 

Apart from buying and selling digital assets, ZenGo offers multiple crypto-earning features. Most crypto wallets only provide access to a single blockchain, forcing customers to open numerous wallets to swap tokens. Users can swap tokens across multiple blockchains with ZenGo.

Want to make passive income when investing in the volatile crypto markets? Users can access ZenGo’s crypto interest accounts. The platform offers two ways of earning interest on crypto – the first being via crypto lending. ZenGo has partnered with Nexo, a regulated crypto lending financial institution, to support crypto loans in return for interest. 

Secondly, there is crypto staking. For example, users can stake their BTC holdings for a certain period to earn 3% APY (Annual Percentage Yield). Staking stablecoins such as USDC and USDT can provide up to an 8% annual yield. 

ZenGo home

With ZenGo, U.S residents can convert a portion or all of their monthly paychecks into Bitcoin, Ethereum or USDC. ZenGo has partnered with Juno, a digital banking platform which lets users avail this benefit.

Investors can set up an account with ZenGo and set up a direct deposit with their payroll company. Finally, users can link their ZenGo wallet address with Juno and receive $50 of free Bitcoin or Ethereum after receiving a direct deposit of more than $250. Read our ZenGo Wallet Review to learn more about this platform. 

Conclusion

To sum up, ZenGo provides one of the best crypto wallets in the market, assisted by secure security solutions to store your crypto assets. With a multi-chain protocol, users benefit by getting access to various Ethereum-based DApps and protocols directly with ZenGo. Providing multiple digital finance features and a 24/7 customer support team that works to provide a simple trading experience, ZenGo can be a popular crypto wallet for users to begin trading with. 

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.