Zengo Wallet Review – How To Buy Bitcoin on Zengo Wallet
ZenGo, a non-custodial, keyless cryptocurrency wallet, has been updated in this review.
ZenGo may be the finest solution for you if you’ve been looking for a safe wallet for your digital possessions.
Surprisingly, saving and transacting in Bitcoin on this wallet earns you great benefits.
I’m sure you enjoy how that sounds. But it isn’t the only advantage of utilizing this wallet.
To understand more about the ZenGo wallet, keep reading.
1. Overview of the ZenGo Wallet
ZenGo is a non-custodial cryptocurrency wallet that may be used to store Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies.
The KZen Network Ltd manages the world’s first keyless bitcoin wallet.
The ZenGo wallet was founded by Ouriel Ohayon and his colleagues in April 2019 with headquarters in Tel Aviv, Israel.
Their mission is to make the global crypto economy accessible to anyone.
ZenGo wallet allows you to buy, trade, and earn cryptocurrencies in a secure and stress-free manner.
I’ll go over how to handle all of that shortly, but first, let’s look at the wallet’s features.
2. ZenGo Wallet Features
Excellent user interface Transaction speed that is regulated
Fees that can be adjusted
High Annual Percentage Yield
Support comes from a variety of sources.
Customer service is available 24 hours a day, 7 days a week
ZenGo can be downloaded for free.
After that, we’ll look at the wallet’s products and services.
3. Products and Services offered by ZenGo Wallet
The following services are available through ZenGo:
ZenGo offers wallets for more than 70 different cryptocurrencies. These wallets are secure places to keep your valuables.
The wallet can also be used to send cryptocurrency.
You can save your coins and get incentives in this section. BTC, DAI, USDC, USDT (ERC20), and XTZ are the coins that can be saved.
Check out how much money you can make from each one:
BTC – 4% Annual Percentage Yield
2.5 percent DAI
2.26 percent USDC
3.16 percent USDT
5.57 percent XTZ
c. Purchasing and Selling
You can use this service to buy cryptocurrencies with cash using one of the supported payment methods.
You may also sell your cryptocurrency on the marketplace for cash.
What’s more, guess what? When you buy Bitcoin on ZenGo, you can get up to $10 in cashback.
How to do it:
Use this link to get ZenGo.
Click “Tap here to input your code” on the email screen and enter the code ZENX0B4G, then hit “Apply.”
Make sure you see “Referral code applied” before continuing to join up with your email address.
Select ‘Buy’ and make a $200 or more purchase.
Within a few days of receiving your purchase, you’ll receive your Bitcoin cashback reward.
You can trade one coin for another here.
Countries & Exchange Rates Countries supported by ZenGo Wallet
North Korea is a country in North Korea.
These states are restricted within the United States:
Because ZenGo makes use of third-party platforms, double-check that they support your nation.
Check out MoonPay’s list of supported countries and Coinmama’s list of supported countries.
This wallet accepts over 70 different cryptocurrencies as well as the native currencies of the countries that use the network.
They are as follows:
BTC, ETH, ZRX, AAVE, REP, BAND, LINK, CHZ, CVC, COMP, DAI, MANA, LUNA, OKB, MATIC, USDT, UNI, WBTC, etc.
AUD\CAD\EUR\GBP\JPY\KRW\NGN\USD, for example.
5. Transaction Fees & Payment Methods Payment Methods
using a credit card (Visa and MasterCard)
Apple Pay is a service that allows you to pay (Visa and MasterCard)
Transfer of funds via bank (SEPA and Swift)
Visa debit card (Maestro)
Google Pay is a service that allows you to pay (Mastercard)
Samsung Pay is a mobile payment system developed by Samsung (Mastercard)
Instant GBP bank transfers
Fees for Transactions
ZenGo has no costs for sending, receiving, or storing cryptocurrency.
Trading, like cryptocurrency networks and payment processors, incurs fees.
More information is available at the following link:
Fees for trading – 0.75 percent
When transacting BTC, ETH, and ERC20 tokens, you can choose between the economy, normal, and rapid network cost modes.
The transaction restrictions will be discussed next.
6.Limits on Transactions and Verification Requirements
Limits on Transactions
Except when buying through a payment processor, there are no limits on crypto transactions in the ZenGo wallet.
The least amount you can purchase with MoonPay is $100, and the highest amount is determined by your degree of verification with the platform.
While the smallest amount you can sell is 20 EUR, the greatest amount you can sell is 2,000 EUR per day and 10,000 EUR per month.
Here’s where you can learn more about MoonPay’s constraints.
Requirements for Verification
You must validate your email address in order to use ZenGo.
Then you can put your cryptocurrency into the wallet.
If you want to buy cryptocurrency with cash, you’ll have to generate a biometric backup using your face.
Don’t worry, it won’t take long.
The wallet will use the camera on your phone to capture your face.
The goal is to keep your funds safe even if your gadget is lost.
MoonPay also has its own set of verification standards, which you can find here.
7. Public Opinion And Customer Support
Users can discover answers to their queries about the platform and other related issues in the ZenGo wallet’s Knowledge Base.
They can also get direct responses by using the Live chat icon on the home page.
I tried it and received an answer in under a minute. Cool!
These channels can help keep users up to date:
When I checked TrustPilot, ZenGo wallet had a terrible rating with only 5 ratings.
Then it received a 4.3 rating with about 2,600 reviews on GooglePlay.
On the page, I also noted that the ZenGo admin reacted to consumer complaints.
After that, I’ll show you how to purchase bitcoin using the ZenGo wallet.
8. Using ZenGo Wallet To Buy Bitcoin In Nigeria
a. To begin, you must first download the wallet.
Go to zengo.com and, depending on your device, select App Store or Google Play.
zengo wallet can be downloaded.
B. Open the wallet and go straight to the last page to enter your email address. Then, as your referral code, type ZENX0B4G and click ‘Continue.’
c. Click the link delivered to your inbox to confirm your email.
d. Then, for your account, create a password.
e. To continue, pick ‘Explore the app.’
zengo wallet e is something you should look into. Choose to buy BTC by selecting the ‘Buy/Sell’ option at the bottom of the page.
f. Enter the required amount and click ‘Continue.’
buy BTC ZENGO
g. Verify your email address with MoonPay and fill out the rest of the form to proceed.
h. Your wallet will be credited with BTC after completing a payment to MoonPay.
Please keep in mind that payment processing may take a few days.
You may even cancel your transaction before it is validated on the blockchain, which is rather impressive.
Let’s take a look at how ZenGo wallet stacks up against similar goods.
9. Comparing the ZenGo Wallet to Other Wallets
Trust vs. ZenGo.
Trust, like ZenGo, is a mobile wallet. It is a product of Binance, a worldwide cryptocurrency exchange.
Trade, Staking, and Buy Crypto are all available in both wallets.
Trust, on the other hand, contains two aspects that ZenGo dislikes: Finance and Collectibles.
While ZenGo is a keyless wallet, Trust requires a private key to protect your assets.
Coinomi vs. ZenGo
George Kimionis founded Coinomi in 2014, making it one of the first cryptocurrency wallets.
It is secure, just as ZenGo, and users can store over 500 coins for free.
Staking and crypto trading are also supported by the wallet.
Coinomi, on the other hand, allows customers to purchase Giftcards using cryptocurrency, whilst ZenGo does not.
It also features a web interface, whereas ZenGo does not.
The keyless feature of ZenGo, however, is not available in Coinomi.
Let’s conclude up this post by answering some often asked questions.
10. Frequently Asked Questions.
What makes ZenGo an attractive choice for Nigerians?
To make cryptocurrency purchases, ZenGo uses a third-party payment processor.
This is beneficial for Nigerians (after the crypto ban) because they can send money without naming any cryptocurrency.
The only drawback is that you must go through the KYC process with the payment processor.
Is using the ZenGo wallet secure?
ZenGo wallet is safe in my opinion because: – The proprietors are well-known.
– ZenGo conducts security audits on its mobile app and server on a regular basis. – All of ZenGo’s systems are subject to routine security checks.
– ZenGo has also raised $20 million for its development from notable investors such as Samsung Next, Elron, Collider Ventures, FJ Labs, and others.
However, do your homework before putting this wallet to use.
How do I reclaim my account if something happens to my face (for example, an accident)?
ZenGo, thankfully, allows for a second face map.
Simply have a close friend or family member add a biometric face scan to your account, and you’re ready to go!
11. Final Thoughts.
Individuals can use the ZenGo wallet to store, acquire, transfer, and exchange cryptocurrency.
It accepts a broad variety of coins and is simple to operate.
In this review, that’s all I have for you. I’d like to hear from you now;
How do you feel about this wallet? Would you put your money there?
Perhaps you’re already making use of your wallet. What has your experience been like?
Tell me right now in the comments section.
Also, forward this article to other crypto enthusiasts on your contact list. Thank you very much!