Zengo

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ZenGo is a highly popular blockchain wallet that boasts very high-security standards and is powered by multi-party computation (MPC) wallet architecture. As a non-custodial wallet, ZenGo is an excellent choice for punters who want to begin their online crypto-betting journey.

How to Set-Up a ZenGo Wallet

ZenGo is very simple to set up. It does not take longer than a few minutes, and it is done through a mobile application, which is downloadable for both iOS and Android devices.

Alternatively, you can scan the QR code on ZenGo official website, which will redirect you to the application store of the device you are on (Apple Store or Play Store).

Visit ZenGo home page
Download the mobile app for iOS and Android
After successful installation, start with the onboarding steps
Slide through the carousel and proceed to the next step
Enter your email address to receive a verification link
Create a recovery kit (3FA)
Complete the wallet setup

Using a ZenGo for Crypto Betting

ZenGo is an excellent crypto wallet, mainly due to its strong emphasis on security – which is one of the best features anyone can hope for in a wallet. Yet it includes other features, namely the support of over 180 crypto assets, which make ZenGo a solid choice for online crypto betting and gambling.

To use the ZenGo wallet for online sports betting, you do not have to jump through any hoops, as the process is no different to using any other crypto wallet to transfer crypto to online bookmakers.

Log into the crypto betting site and choose “Deposit”
Copy the address
Open ZenGo app
On the home screen, swipe right on the asset you want to transfer
Click on “Send”
Input the bookmaker’s address
Confirm the transfer

Buy & Sell Crypto at ZenGo

Among all other features on ZenGo, the crypto wallet also allows users to buy and sell cryptocurrencies directly from the app, with low fees and 24/7 support.

ZenGo offers the service with the help of various providers, including Banxa, Moonpay, Ramp, Coinify, and Bits of Gold – the availability of which will vary depending on your location.

To buy cryptocurrencies on ZenGo, there are just four steps to follow.

Open ZenGo app
Tap the “Buy” icon
Enter the amount you want to buy
Enter the verification code, sent to your email
Enter billing address
Choose a payment method and confirm the purchase

To buy crypto on ZenGo, users can pick between Apple Pay, bank transfer, and credit and debit cards. It’s important to note that the minimum purchase amount is $50.

Selling crypto on ZenGo is just as simple, allowing you to convert any cryptocurrency you hold into fiat and request direct deposits into your bank account.

Open ZenGo app
Select the “Sell “option
Pick between “Swap to stablecoin” or “Crypto to local currency”
Select a partner from the list and follow the instructions
Return to ZenGo and send the crypto to the chosen partner by pasting the destination wallet address
Once the transaction is complete, the cryptocurrency will be converted to local currency and deposited in your bank account

The withdrawals to bank accounts usually take three business days, whereas withdrawals to Visa cards (though Moonpay) tend to be faster. Likewise, USA-based customers can request withdrawals to their MasterCard.

FAQ

Can you use ZenGo for betting?

Yes, ZenGo wallet is an excellent choice for anyone who wants to start their online crypto betting endeavour. It offers high-security standards, supports over 100 cryptocurrencies, and allows easy and quick transfers from and to online bookmakers.

Can you buy and sell crypto at ZenGo?

With ZenGo users can buy and sell crypto straight from the mobile app through various providers, including Banxa, Moonpay, Ramp, Coinify, and Bits of Gold – depending on your location. The sell feature allows for direct deposits to your bank account or credit card, while users can pick between various payment methods for crypto purchases.

Is ZenGo safe?

ZenGo is one of the more popular crypto wallets and is also widely considered one of the safest options. It is the only self-custodial wallet with no seed phrase vulnerability and prides itself on the fact that since its inception, no ZenGo user has ever been hacked or taken over.