The crypto industry often struggles with one major trade-off: the more secure a wallet is, the less convenient it feels. In this Zengo exchange review, that problem takes center stage because Zengo has tried to solve it with keyless wallet technology. By using multi-party computation (MPC), Zengo avoids traditional private keys, giving users peace of mind without seed phrases. But how does this design hold up in 2025, when investors demand not only safety but also seamless access to DeFi, NFTs, and trading?

Security: Keyless Wallet Advantage

Zengo’s headline feature is its MPC-powered security system. Instead of relying on a single private key that can be lost or stolen, Zengo splits access between the user’s device and its server. Both parts are needed to complete a transaction, which reduces single points of failure.

Beyond that, the app supports biometric logins and encrypted cloud recovery. For many users, this means they no longer have to worry about writing down recovery phrases on paper. In a world where forgotten keys and misplaced seed phrases still lock people out of millions of dollars in assets, Zengo’s approach feels practical and forward-looking.

Zengo Exchange Review: Asset Coverage and Trading

Zengo supports over 120 cryptocurrencies, covering major names such as Bitcoin, Ethereum, Dogecoin, and Polygon. While this is a smaller list than what’s available on Binance or Coinbase, it covers the assets most mainstream users actually trade.

Moreover, Zengo integrates crypto trading directly into the wallet. Users can swap coins without leaving the app, and for those interested in more than just holding, Zengo also offers staking services and NFT storage. Polygon and Ethereum-based NFTs are supported, turning the wallet into a multi-purpose platform.

That said, Zengo does not provide advanced order types, leverage, or futures markets. This makes it less appealing to professional traders, but that is clearly not its target audience.

Zengo Exchange Review: Fees and Transparency

When evaluating costs in this Zengo exchange review, the good news is that wallet usage is free. Storing assets and sending funds between Zengo users carries no fee. The main charges appear when users trade or make blockchain transactions.

Here’s how it looks in practice:

Service	Fee
Wallet storage	Free
Internal transfers	Free
On-chain transfers	Gas fees apply
Crypto swaps	Spread-based

For users, this structure feels transparent: the wallet itself costs nothing, but trading fees are built into spreads and blockchain gas remains unavoidable.

User Experience and Mobile Focus

Zengo is a mobile-first wallet, and that focus immediately shows in its design. Moreover, the app works seamlessly on both iOS and Android, and setup takes only minutes, which makes it particularly attractive for beginners. In addition, users can buy crypto with credit cards, Apple Pay, or bank transfers in many supported regions, therefore onboarding feels simple and accessible.

The interface is sleek and minimal; as a result, it guides newcomers without overwhelming them. Furthermore, features such as portfolio tracking, price alerts, and direct NFT viewing add real value, making the app useful even for more experienced holders. On top of that, 24/7 customer support through the app provides another layer of confidence and trust.

On the other hand, advanced traders who expect candlestick charts, detailed analytics, or pro-level dashboards will not find them here. Instead, Zengo deliberately keeps the experience light and simple, focusing on security and ease of use rather than professional-level trading complexity. Overall, this design choice reinforces its positioning as a wallet-first platform rather than a full exchange.

Zengo Exchange Review: Pros and Cons

Pros:

• Innovative keyless wallet security with MPC
• Biometric login and cloud recovery simplify access
• Supports 120+ cryptocurrencies and NFTs
• Mobile-first design with smooth usability
• 24/7 in-app customer support

Cons:

• No advanced trading tools or derivatives
• Limited compared to full exchanges like Binance
• Spread-based trading can feel more expensive
• Focused mainly on beginners and long-term holders

Conclusion

This Zengo exchange review highlights a platform that stands apart from traditional exchanges. Its keyless wallet innovation addresses one of the most painful points in crypto—seed phrase anxiety—while offering a secure, mobile-first interface that feels modern and approachable.

On the other hand, the platform does not try to compete with advanced exchanges on trading depth or asset variety. For professional traders, Zengo will likely feel too limited. But for beginners, long-term investors, or anyone prioritizing convenience and trust, Zengo’s design makes it one of the most appealing crypto wallets in 2025.