Tl;dr: Organize and protect your assets by creating up to 5 segregated wallets. Separate high-value assets, payments, minting wallets, and public-facing wallets for ultimate security and privacy.
We are thrilled to announce the latest feature for Zengo Pro customers: Multiple Wallets! This new addition empowers Pro customers with the ability to create unique, segregated wallets within their Zengo account.
Designed with the needs of the Web3 and crypto native community in mind, this feature brings enhanced security, privacy, and organization to your crypto management.
Multiple Wallet Benefits
Advanced Security & Risk Management: By segregating your high-value assets like NFTs and DeFi tokens into separate wallets, you add an additional layer of security. Use one wallet for experiments and mints, and another one for long-term storage that is completely cut off from any WalletConnect approvals.
Enhanced Privacy: With multiple wallets, maintain greater privacy by using different wallets for different purposes. Each wallet comes with a fresh set of new, pristine addresses. Your public-facing wallets that are shared with the world and connected to services like ENS can be kept separate from your more private, high-value holdings.
Simple Organization: Neatly categorize and manage your cryptoassets. Keep your day-to-day wallets, minting wallets, and public-facing wallets separate. This organization simplifies your crypto experience and enhances your ability to track and manage your assets efficiently. Multiple wallets can be customized with different names and backgrounds that persist across your devices so you can simply and visually identify them.
A more secure Web3: Use Multiple Wallets
In the first half of 2024 over $314 million was hacked from phishing attacks on EVM chains, affecting around 260,000 victims. One of the most prevalent scams involves signing malicious transactions, leading to assets getting stolen. As the Boring Security team suggests, every Web3 user knows should use at least 3 segregated wallets: A wallet for minting, a Marketplace/Sell wallet, and a Vault wallet.
Multiple Wallets enables you to do just that. For example:
- Create a HODL wallet exclusively for high-value NFTs and long term savings, completely disconnected from Web3 and 3rd-party apps.
- Use a Payments wallet for daily transactions – you can even connect it to your public ENS addresses.
- Create a third wallet for Web3 mints and experiments where mistakes won’t matter.
- Create a wallet for your children or family members where you can secure crypto for them, separated from your personal holdings.
- Create private wallet that’s never been exposed to any transaction onchain.
This wallet separation enhances security by isolating your assets. It reduces the risk of losing all of your assets by a single phishing attack to essentially 0. Because Zengo has no seed phrase vulnerability – unlike hardware wallets – you can rest peacefully knowing your assets cannot get drained or stolen from seed phrase mismanagement.
Multiple Wallets Tutorial
Below, learn how to use delegate.xyz (Delegate Cash) with Multiple Wallets to secure NFTs
To date, well over 1 million Zengo wallets are secured by robust multi-party computation (MPC) infrastructure – with 0 hacks since established in 2019. Learn more about our recent $500,000 USD bounty here.
Multiple Wallets for Businesses
Businesses juggle payments, DeFi tokens, NFTs, and long-term holdings. We understand the challenges businesses and entrepreneurs face in keeping these assets secure, private, and segregated.
Consider using one wallet exclusively for high-value NFTs, another for daily transactions, a third for minting new tokens, and yet another for public-facing activities linked to ENS addresses. This separation not only enhances security by isolating assets but also streamlines operations and local tax and regulatory requirements, making it easier to manage different business aspects.
Stop worrying about mixing funds or exposing high-value assets. With Multiple Wallets, gain peace of mind, enhanced privacy, and better organization all tailored to the needs of savvy Web3 businesses.
Each wallet has its own history and can be exported (in .cvs format) for further reporting.
Zengo Pro: A suite of advanced self-custody and security features
Zengo Pro’s Multiple Wallets feature is part of our ongoing commitment to providing the most secure, user-friendly, and innovative crypto management solutions. Whether you are a seasoned crypto enthusiast or just getting started, this feature offers a more robust and flexible way to handle your digital assets.
Multiple Wallets is a core service of Zengo Pro: A suite of exclusive security features traditional hardware wallets cannot provide. Powered by MPC, Zengo Pro is like account abstraction on steroids. This premium subscription, available with a free trial, is packed with a series of industry-firsts, including Legacy Transfer, Theft Protection, an advanced Web3 Firewall, and Priority 24/7 Support. It also includes commercial perks like discounted purchase fees and more.
Enjoy the power of Multiple Wallets today and experience the next level of security and organization with Zengo Pro.
Learn more here.
