ZenGo is the trading name of the Israeli ZenGo Ltd, an unregulated non-custodial mobile crypto wallet operator offering a respective wallet app on Apple and Android.
The company was established in 2018 by Ouriel Ohayon, Tal Be’ery and Omer Shlomovits. ZenGo claims to have 500,000+ clients.
They support a wide array of cryptocurrencies, with 70+ coins and tokens currently supported. Additionally, customers can buy, trade, send and receive crypto directly from the ZenGo wallet. Selling is supported in 28 countries, including the UK, and the US.
ZenGo also allows you to earn interest on your crypto holdings by lending them out. You can access the earning tab directly from the wallet, and you will earn interest over time, and you can sell, trade, or transfer the assets with no lock-up period. It’s important to note that the coins earning interest are NOT stored in your wallet but are loaned out to earn a yield. There is no lock-up period, and you can withdraw at any time. You can earn up to 4% on BTC currently using ZenGo’s earn functionality.
ZenGo also lets you convert your paychecks into crypto, only for US citizens.
We rate the company as Green as we have found no complaints about ZenGo. Although the Trustpilot rating of “poor” should not be ignored.
Due to the events around FTX and the Bitcoin market, we downgrade all Crypto Exchanges and companies on our Platform to Orange, due to increased risk