Which Crypto Wallet is Secure: Wallet With Recovery Phrase OR ZenGo With Recovery Kit?
Every crypto wallet in the market uses the Recovery Phrase model and whenever you create a new wallet, you get a new recovery phrase, which you need to backup in order to access your wallet in the future but you also get an option to skip backup and start using your wallet instantly.
Usually, these wallets onboard so many users by allowing users to skip the backup process because skipping the backup process is easier for users.
However, You regularly get reminders to backup recovery phrases but this isn’t going to change the fact that allowing users to deposit funds without backing up is like playing with users' funds' security.
Also, even after backing up the recovery phrase, you don’t get guaranteed access to your wallet in the future. You always get a warning “If you will lose your recovery phrase, your funds will be lost forever” but a warning cannot save users from recovery phrases or private key mismanagement.
On the other hand, we have ZenGo. ZenGo is the only self-custodial wallet with no seed phrase vulnerability.
Onboarding users on ZenGo is important but users security is more important for them.
ZenGo never takes user security for granted. This is the reason you aren’t allowed to deposit funds in your ZenGo wallet until you complete the recovery kit-creating process.
What is ZenGo Recovery Kit?
ZenGo Recovery Kit ensures you never lose access to your crypto wallet or funds inside.
You need to complete three steps to create ZenGo Recovery Kit: 3D face verification, an email account, and a cloud backup location to store your Recovery Kit.
You can also add a secondary email, a secondary face scan, and a secondary cloud backup location to add additional layers of security.
After creating ZenGo Recovery Kit, You will be able to access your funds no matter what.
The advantage of ZenGo compared to other crypto wallets is there’s no chance of recovery phrase or private key mismanagement in ZenGo Wallet.
However, your phone or any device (where you have ZenGo) can be stolen. This is the situation where ZenGo Recovery Kit comes in, you can download ZenGo in a new device and easily access your wallet using ZenGo Recovery Kit.
Click Here to Download ZenGo Crypto Wallet.
Now, This article has come to an end. I hope you found this article helpful. However, if you have any queries or questions, please ask in the comment section below.
