KZen is about to release ZenGo, a mobile app to manage your cryptocurrencies securely and more easily. There are already countless crypto wallets out there, but the startup thinks they’re all either too complicated or too insecure.
If you own cryptocurrencies, chances are they’re sitting on an exchange, such as Coinbase or Binance. If somebody manages to log in to your account, nothing is stopping them from sending those assets to other wallets and stealing everything.
Worse, if somebody hacks an exchange, they could potentially divert cryptocurrencies from that exchange’s wallets. In other words, leaving your cryptocurrencies on an exchange means you give your assets to that exchange and hope they properly take care of them.
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