ZenGo is the first keyless non-custodial wallet supporting multiple cryptos
ZenGo disrupted the market this year when they launched their keyless wallet. It is a non-custodial wallet available on iOS devices from an iPhone 6 onwards and on most Android devices. The wallet supports Ether, Bitcoin and Binance Coin, and offers users to conveniently buy crypto through the app using their credit card or Apple Pay.
Normally with crypto wallets, users always have to choose either convenience or sovereignty but can’t have both. ZenGo harnesses the power of “threshold signatures” to instill high-grade security in its non-custodial wallets. Instead of only storing the private key on the user’s phone (and risking a lost device), ZenGo divides the private key into two parts, one of which is stored on its server the other one on the user’s phone. Only when both parts interact can the private key be computed and a transaction take place.
When users sign-up for the first time, ZenGo scans the client’s face and stores an encrypted backup of their private key share on the user’s personal cloud storage (e.g iCloud). Should a user lose their phone and want to access their wallet, they simply re-authenticate with a quick face scan which decrypts the private key share initially stored on their icloud and voila - all funds are back!
The innovative security measures are conveyed through a simple, well-designed interface that reveals no complications and clutter to the user. Signing up is straight-forward and easy. So is the procedure to send crypto. As it currently stands, the platform lacks support for all Ethereum (ERC20) tokens but ZenGo have promised expansion in later versions to come.
As of recently, ZenGo supports staking Tezos as well as earning interest on Ethereum stablecoins such as DAI, Tether and USDC through a slick integration of the Compound protocol. Likewise, Tezos staking is made super simple. A couple of taps in the app and you have delegated your Tezos to a "baker" of your choice who will use it to vote on the Tezos chain and pay you a share of the procceeds.
ZenGo also has exemplary customer 24/7 support that can be reached via email, social media or live chat in the app. Sometimes you'll even have the CEO himself answering questions in the support chat.