Company Information

Get to know Zengo Wallet

Founded in 2018 by Ouriel Ohayon, Tal Be'ery, and Omer Shlomovits, Zengo's mission is to provide a simple and highly secure crypto wallet for mainstream users. The company's core innovation is its use of MPC technology, which eliminates the need for private keys and seed phrases, a common point of failure and user error in crypto management. Instead of a single private key, security is distributed between the user's device and Zengo's servers, requiring multiple factors for transaction approval. This approach provides a user-friendly experience with robust, institutional-grade security and a simple account recovery process.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

Contact

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Zengo Wallet

Israel

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.