More than ever, the security of your digital assets is a top priority. With its Theft Protection feature, the Zengo wallet adds a 3rd layer of security to your cryptocurrency storage. Find out how Theft Protection works and stop worrying about someone stealing your assets.
What does Zengo Pro’s Theft Protection feature do for you?
If there’s one vexing element in the life of any cryptocurrency investor, it’s the risk of theft, attack or hacking. With each new event of this kind, we measure just how important it is to properly secure our digital assets.
Even a physical wallet is not infallible: if a hacker manages to unearth your secret phrase or decipher your wallet’s pin code, your cryptos are at his mercy.
Faced with these security challenges, the Zengo wallet now comes with an additional layer of security to offer optimum protection for your cryptocurrencies, which is absent from traditional hardware wallets.
Zengo’s mobile wallet now offers a feature called Theft Protection.
The name clearly conveys the ambition: to protect Zengo users’ cryptocurrencies against any attempt to steal and siphon off their wallet.
The Theft Protection feature is an additional layer to the high level of security offered by Zengo’s default wallet. If you wish, you can impose biometric verification by facial recognition for any operation carried out on the wallet.
In concrete terms, to make a cryptocurrency withdrawal or interact with a decentralized application on the blockchain, you’ll need to verify your biometric data live (with a technology that has never been hacked, is used by Fortune 500 companies and was the subject of a $600,000 bug bounty).
It’s an extra step that drastically reduces the risk of theft should someone manage to get their hands on your wallet.
What’s more, the feature is completely programmable. You decide the transaction amount limit at which you want Theft Protection to be triggered. Of course, you can also select maximum security and impose it on every transaction.
Note that this feature is compatible with all blockchains supported by Zengo, and can also be used for non-fungible tokens (NFT) and interaction with decentralized finance protocols (DeFi).
Benefit from a premium service with Zengo Pro
Theft Protection is one of the many features included in the Zengo Pro offer. This enhanced version of the wallet is available in two formulas: a monthly subscription for $9.99 and an annual subscription for $69.99, which works out at $5.83 per month.
Among Zengo Pro’s various services, there’s also a “Web3 firewall” to protect you from hacks or phishing attempts as you venture into the world of Web3. And that’s not all, since you can now prepare for the future of your cryptocurrencies with Legacy Transfer, which lets you choose how to pass them on to your heirs.
Zengo is currently one of the most secure wallets in the industry. Thanks to secure multiparty computing (MPC) technology, it eliminates the need to hold private keys, while offering institutional-level security.
What’s more, Zengo already has 1 million users worldwide, and since its inception, there have been no reported cases of hacking or cryptocurrency theft for this wallet.
How Theft Protection works
By subscribing to Zengo Pro, you’ll unlock a series of features, including “Asset Theft Protection”. To do this, you’ll need to go to the security tab of the Zengo application settings to enable multi-factor authentication (MFA).
Next, you can adjust the parameters of this option to suit your needs. Set a minimum limit above which each transaction will require biometric verification of your face. This can be from $50, $500, $5,000, or for all your transactions.
Finally, you can activate this feature for all interactions with the blockchain. Indeed, Zengo is a wallet that can be used to interact with decentralized applications and protocols on numerous blockchains, and it is therefore also essential to secure these particularly high-risk operations as much as possible. To find out more about Theft Protection, please visit the Zengo website for a full list of frequently asked questions.
