Report updated Apr 1, 2026
Zengo: Crypto & Bitcoin Wallet
v9.6.1Crypto users ranging from beginners to experienced investors who prioritize high-level security and ease of use over traditional seed-phrase management.
What Is Zengo: Crypto & Bitcoin Wallet?
Launched Jun 7, 2019
Updated Mar 2026
What users think iIndependent intel reports to help builders create better apps or enhance existing ones. Still in beta, accuracy and relevancy get better every day. For informational purposes only.
What does it look like?
What are the key features?
Uses Multi-Party Computation to eliminate the need for vulnerable seed phrases.
Allows users to restore their wallet on any device without a seed phrase.
Alerts users to unusual or risky Web3 approvals to prevent scams.
What do users think? iIndependent intel reports to help builders create better apps or enhance existing ones. Still in beta, accuracy and relevancy get better every day. For informational purposes only.
“Recent user voice shows a frustrated sentiment. Users appreciate ease of use, but report withdrawal issues.”
What Users Love
Simple design
Fast and intuitive
Pain Points
Frozen funds
Cannot withdraw to fiat or other wallets
High confidence · 99 reviews available
How is it ranked?
| Chart | Rank | Change |
|---|---|---|
| Grossing | #81 | ▲8 |
What are the pros and cons?
Pros
- MPC-based security model
- Intuitive UI/UX
- Strong premium feature set
Cons
- Operational instability with withdrawals
- Poor customer support responsiveness
- Declining user sentiment
What is the market outlook?
Growth Opportunities
- Capture market from complex wallets
- Expand into estate planning
- Improve trust via transparency
Market Threats
- Reputational damage from 'scam' labels
- Competitor poaching
- Regulatory scrutiny
What are the key takeaways?
Zengo: Crypto & Bitcoin Wallet is a frustrating finance app that is free with in-app purchases. With a 4.3/5 rating from 14.5K reviews, it frustrates many users from users. Users particularly appreciate ease of use, though withdrawal issues remains a common concern.
Best for: Crypto users ranging from beginners to experienced investors who prioritize high-level security and ease of use over traditional seed-phrase management.
How much does it cost?
Model: freemium
Monetizes through transaction fees and a premium subscription for advanced security features.
iOS Version
9.6.1
Android Version
9.6.1
Release Date
Jun 7, 2019
iOS Price
Free
Android Price
Free
Developer
ZenGo Ltd.