Zengo
Zengo
The first mainstream wallet to ditch seed phrases entirely. Uses MPC (multi-party computation) to split keys across your device and Zengo's servers.
The most user-friendly self-custody wallet ever made. The trade-off is a non-custodial-but-also-not-purely-self-custody model. Most people will be fine with that. Some will not.
- +No seed phrase. You literally cannot lose it. Recovery is biometric + email + a 3D-face-scan file.
- +Up to $1M in theft insurance on Pro plan (real, paid-out insurance)
- +Multi-chain support across 380+ assets
- +Web3 firewall actively blocks malicious dApp connections
- –Custody is "shared" — you trust Zengo's MPC server not to collude
- –Closed source. You must trust the MPC math (which is published) and the implementation (which is not).
- –Recovery is more complex than a seed: if you lose your recovery file AND your device, you are stuck
- –Higher fees than MetaMask or Phantom for in-app swaps
Crypto-curious non-technical users who are terrified of losing a seed phrase.
Crypto purists who demand "not your keys, not your coins" in the strictest sense.
How the 76 breaks down.
We score five dimensions and weight them. The full methodology is public. If you think recovery should weigh more than security, you can re-run the math.
MPC is a real innovation. The threat model is "us + them", not "just us".
MPC math is published. Implementation is closed. Insurance is real.
The single best recovery story in the category. 3FA genuinely works.
Partially open. Core crypto libraries are open; the app is not.
24/7 in-app support. A real differentiator.
History of disclosed security issues.
- · 3FA recovery: device biometric + email + recovery file (no seed)
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