Venly vs Zengo Wallet

by Gralio Feb 26, 2025

Venly and Zengo Wallet cater to different needs. Venly empowers businesses to build blockchain applications, while Zengo offers a secure and user-friendly wallet for individuals. Venly offers robust API integrations and business tools, while Zengo prioritizes security and ease of use for personal cryptocurrency management.

At Gralio.ai we help to simplify your decision-making process by offering detailed, side-by-side software comparisons like this one, to help you confidently choose the tool that aligns with your business goals.

This comparison was created by analysing 286 reviews and 60 websites, saving 2 hours, 5 minutes of reading.

Venly

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Zengo Wallet

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About

Venly is a blockchain technology provider that makes it easier for businesses to work with Web3 technologies. It offers a range of tools and services, including secure digital wallets for users, tools to create and manage NFTs, and APIs to integrate blockchain technology into existing systems. Venly focuses on providing a user-friendly experience, so businesses can implement features like NFT marketplaces and in-app purchases without extensive blockchain knowledge.

Zengo Wallet is a mobile cryptocurrency wallet that prioritizes security. Unlike most wallets that rely on a seed phrase for recovery, Zengo uses Multi-Party Computation (MPC) technology, eliminating the vulnerability of a single point of failure. This makes it resistant to hacks and phishing attempts. Zengo supports a variety of cryptocurrencies and offers features like buying, selling, swapping, and interacting with NFTs and DeFi applications. A premium subscription, Zengo Pro, unlocks additional features like multiple wallets, inheritance planning for your crypto assets, and enhanced security measures.

Summary

Main difference

Venly is a business-focused platform providing tools and APIs for blockchain integration, including NFTs and cryptocurrency payments. Zengo Wallet is a mobile-first cryptocurrency wallet emphasizing security and self-custody for individuals.

Relative strengths of Venly (compared to Zengo Wallet)

Offers comprehensive blockchain integration tools and APIs for businesses.
Supports multiple blockchains and fast transactions.
Provides fiat-to-crypto payment gateway.

Relative weaknesses of Venly (compared to Zengo Wallet)

Less user-friendly for individuals managing personal crypto assets.
Limited integrations with other blockchain tools.
More expensive than Zengo for basic wallet functionality.

Who should use Venly VS. Zengo Wallet

Venly is a user-friendly platform that simplifies blockchain integration for businesses. It offers tools for secure digital wallets, NFT creation and management, and APIs for seamless blockchain integration. Users praise its intuitive interface and helpful customer support, while some find the gaming extension complex and occasional bugs in the interface. Venly is best for small and medium-sized businesses.

Zengo Wallet offers secure cryptocurrency storage and management using MPC technology, eliminating seed phrases. Ideal for beginners and experienced users, its user-friendly interface, face scan recovery, and wide asset support make it easy to manage crypto and NFTs. While some users mention occasional slow transactions and high fees, Zengo's top-notch customer support and keyless security are praised.

Best for small to mid-sized businesses involved in Web3 and NFT projects.
Ideal for Finance, Banking, Insurance, Software, and IT companies.

Best for small to medium-sized businesses.
Suitable for various businesses handling digital assets.

Venly and Zengo Wallet features

Supported

Partially supported

Not supported

Type in the name of the feature or in your own words tell us what you need

NFT API Integration

Supported

Venly offers an NFT API to create, manage, and trade NFTs across various blockchains.

Not supported

Zengo supports NFTs but does not explicitly offer NFT API integration.
Token API Integration

Supported

Venly offers a Token API to create and manage ERC20 tokens.

Not supported

Zengo Wallet does not directly support Token API Integration.
Keyless Security

Not supported

Venly does not appear to support MPC-based keyless security.

Supported

Zengo offers keyless security using MPC, eliminating single points of failure for private keys.
Self-Custody

Supported

Venly offers self-custody through its non-custodial wallets, giving users full control over their assets.

Supported

Zengo is self-custodial, giving users sole control over their crypto assets.
Swap function

Supported

Venly allows swapping various cryptocurrencies directly within the wallet.

Supported

Zengo wallet supports swapping over 40 cryptocurrencies.
Backup options

Supported

Wallet backup is supported via private key export.

Supported

Zengo offers backup and recovery through a cloud-based recovery file and multi-factor authentication.

Qualities

Value and Pricing Transparency

No data

No data
Customer Service

No data

No data
Ease of Use

No data

No data
Reliability and Performance

No data

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Ease of Implementation

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Scalability

No data

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Venly and Zengo Wallet Pricing

Venly offers a 14-day free trial for all plans. They bill their services periodically, with no hidden fees, and users can cancel at any time. They offer additional compute units as an add-on to the plans.

Plans

See full Pricing page

Zengo offers a free plan and a premium subscription service, Zengo Pro, that provides enhanced security features and benefits. Zengo Pro is available for $19.99/month or $129.99/year.

Plans

See full Pricing page

Venly and Zengo Wallet review insights

Users love

User-friendly interface that simplifies blockchain interactions.
Robust security measures for digital wallets and transactions.
Excellent customer support that is responsive and helpful.
Wide range of features, including NFT creation and management, and cryptocurrency wallets.
Easy integration with other platforms and systems, making it developer-friendly.

Very user-friendly and easy to navigate interface.
High level of security with MPC technology and no seed phrase.
Excellent and responsive customer support.
Face scan recovery feature is convenient and secure.
Supports a wide variety of cryptocurrencies.

Users dislike

Limited integration options with other blockchain tools.
The gaming extension can be complex for some users, impacting its efficiency.
Customer support, while generally helpful, can be slow at times.
The user interface, while generally well-designed, has been reported to be buggy by some users.

High minimum purchase amounts for some cryptocurrencies.
Limited selection of smaller cap altcoins.
Occasional slow transaction processing times.
Transaction fees can be high, especially for certain payment methods.
Some users experienced bugs with the app, particularly after a redesign.

Venly and Zengo Wallet Ratings

G2

4.5/5

(43)
TrustPilot

2.9/5

(9)

G2

4.6/5

(214)
TrustPilot

3.8/5

(20)
Glassdoor

4.0/5

(7)

Company health

Employee growth

41% decrease in the last year

3% decrease in the last year

Web traffic

54% increase in the last quarter

14% decrease in the last quarter

Financing

No data

January 2021 - $24M

How do Venly's API integrations compare to Zengo's direct wallet functionality?

Venly offers API integrations for payments, tokens, and NFTs, allowing businesses to incorporate blockchain functionalities into their existing systems. Zengo, on the other hand, provides direct wallet functionality focused on secure storage, management, and transactions of cryptocurrencies and NFTs within its own application. Therefore, Venly is geared towards businesses seeking to integrate blockchain features, while Zengo targets individual users who need a secure and user-friendly wallet.

Which product better suits a user prioritizing MPC security over multi-blockchain access?

Zengo Wallet better suits a user prioritizing MPC security. Zengo explicitly emphasizes its use of MPC technology to eliminate single points of failure and enhance security against hacks and phishing. While Venly mentions secure digital wallets, it doesn't specify the use of MPC, making Zengo the stronger choice for a user focused on this particular security feature.

What are the advantages of Venly?

Venly offers a wider range of tools and services geared towards businesses, including APIs for integrating blockchain technology into existing systems, NFT creation and management tools, and support for multiple blockchains. This makes Venly a more suitable choice for businesses looking to build and integrate blockchain-based applications compared to Zengo Wallet's focus on individual users and secure cryptocurrency storage. Venly also caters to businesses seeking a user-friendly experience for implementing Web3 features, even without extensive blockchain knowledge.

What are the disadvantages of Venly?

Venly has some limitations regarding integrations with other blockchain tools. Some users have reported the gaming extension to be complex, and customer support, while generally helpful, can sometimes be slow. Additionally, some users have encountered bugs in the user interface. Finally, Venly's scalability has received a negative score, suggesting potential limitations for growing businesses.

Is Venly cheaper than Zengo Wallet?

Yes, Zengo Wallet is cheaper than Venly. Zengo Wallet offers a free plan and a premium plan for $129.99/year. Venly's cheapest plan starts at $99/month.

Alternatives to Venly and Zengo Wallet

Tokeny T-Rex Platform

Tokeny T-Rex Platform helps businesses issue and manage digital tokens (think digital stocks or bonds) for real-world assets like real estate or company shares. It simplifies the process, making these assets more accessible and transferable. The platform focuses on security and compliance, particularly important for regulated industries, and aims to bridge traditional finance with blockchain technology.

ecoPortal

ecoPortal is a comprehensive health and safety software platform designed for mid-size to large businesses. It helps you manage workplace safety, environmental risks, and regulatory compliance all in one place. With features like incident reporting, risk assessment, audits, and training, ecoPortal helps you create a safer work environment. The platform is mobile-friendly, offers real-time data and reporting, and can be customized to your specific industry and business needs.

omniChain

OmniChain is a blockchain platform that lets businesses create and launch their own Web3 applications and marketplaces, including NFT features, without needing coding experience. It offers tools to manage digital assets, transactions, and even create custom sidechains. This platform prioritizes security and user control with features like decentralized governance, cryptocurrency payments, and distributed storage.

Magic

Magic provides on-demand virtual assistants to help businesses and individuals with a wide range of tasks, from scheduling appointments to customer outreach. They handle the hiring and training of assistants, who are available 40 hours a week. Magic also offers a 24/7 concierge service for urgent requests. They differentiate themselves through rigorous assistant vetting, AI tool integration for assistants, and dedicated support for users.

Fireblocks

Fireblocks is a platform built for businesses to manage digital currencies and assets safely. It offers tools to store, issue, and move digital assets, create financial products, and build blockchain-based applications. Fireblocks emphasizes security, scalability, and support for a wide range of blockchains and digital assets. It's used by large financial institutions, exchanges, and companies involved in the blockchain ecosystem.

Vaultody

Vaultody is a platform designed for businesses to securely manage their cryptocurrency. It provides a secure digital wallet protected by advanced technology like MPC (Multi-Party Computation), ensuring that your crypto assets are safe. Vaultody's platform allows you to make transactions, manage different types of digital wallets, set transaction rules, and track all your crypto activities from one place. Its user-friendly interface makes it easy for businesses to control and monitor their cryptocurrency holdings.

Page co-authored by

Michal Kaczor

CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

Tymon Terlikiewicz

CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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