BlueWallet vs Zengo

Comparing: two wallets
Decided by: Editorial rating
Last reviewed: 2026-08-25

BlueWallet4.2Bitcoin-only

Bitcoin-only phone wallet with real coin control and multisig vaults, whose Lightning side is custodial unless you run the server yourself.

Zengo3.4

The wallet with no seed phrase: two MPC shares replace the private key, which removes one risk and adds a dependency.

Verdict: BlueWallet

BlueWallet rates higher on our rubric: 4.2 against 3.4 for Zengo.

Criterion: Editorial rating
BlueWallet: 4.2
Zengo: 3.4

BlueWallet and Zengo, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

BlueWallet and Zengo compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
Fact	BlueWallet	Zengo
Editorial rating	4.2 (favoured on this row)	3.4
Status	Available	Available
Made by	BlueWallet	Zengo
Price	Free download	Free download
Who holds the keys	self-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind it	self-custodial MPC, with no seed phrase: one secret share on your phone, one on Zengo's server, never combined
Bitcoin-only	Yes	No
Runs on	iOS, Android	iOS, Android
Screen	Not stated	Not stated
Connectivity	Talks to public Electrum servers or one you run; Lightning needs an LNDHub server, yours or someone else's	Not stated
Released	BlueWallet dates itself to the 2017 fork wars; the iOS and Android apps followed	2018
Countries on the maker's list	No published list	No published list
Last reviewed	2026-08-25	2026-08-25

Pros and cons, side by side

BlueWallet

What works

Bitcoin only, open source and free, from the App Store, Google Play or a direct download
Genuine coin control: label and freeze individual coins, batch sends, and speed up or cancel with RBF and CPFP
Signs for Coldcard, Passport, Jade, Keystone and other PSBT hardware wallets, and runs watch-only so keys never touch the phone
Multisig vaults for larger holdings, documented step by step by the project
Connects to your own Electrum server, so you do not have to hand your addresses to a stranger's
Plausible deniability storage for a forced-disclosure situation

What to watch

A Lightning wallet here is an account on an LNDHub server, and whoever runs it can move those funds
Running your own LNDHub means a VPS or a home node, which is far past what most phone users will do
Lightning funds are not covered by the on-chain recovery phrase and need a separate backup
A hot wallet on a phone, so device malware or an unlocked screen reaches what the app can spend

Zengo

What works

No seed phrase exists, so there is nothing to write down, photograph, or be tricked into typing
Two independently created MPC shares, one on your phone and one on Zengo's server, that are never combined
Three factor recovery, with a documented option to register a backup for each of the three
Zengo says its MPC cryptography is open source, audited and peer reviewed
Support is available 24/7 from inside the app, which is rare in self-custody

What to watch

Signing requires Zengo's server, so the wallet depends on the company staying reachable in a way a seed phrase does not
The wallet app itself is closed source; only the cryptography underneath it is published
Recovery runs through your email, your cloud account and a face scan, which is three dependencies instead of one piece of paper
Never hacked and 2+ million wallets are Zengo's own claims on Zengo's own homepage, with no independent confirmation
Mobile only, with no desktop app and no hardware signing

Frequently asked questions

Is BlueWallet or Zengo better?

BlueWallet rates higher on our rubric: 4.2 against 3.4 for Zengo. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are BlueWallet and Zengo free?

Yes, both are free to download. What differs is who holds the keys: BlueWallet is self-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind it; Zengo is self-custodial MPC, with no seed phrase: one secret share on your phone, one on Zengo's server, never combined.

Is BlueWallet or Zengo bitcoin-only?

BlueWallet is bitcoin-only; Zengo supports other assets too. Bitcoin among 1,000+ assets, including Ethereum, Solana, TRON and stablecoins

The full reviews: BlueWallet and Zengo, each with its sources, and every wallet we review.

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