Phantom vs Zengo
short answerBoth are web3-native neobanks. Phantom is the larger platform (~15M users) and pays yield on balances. Compare custody, license, FX markup and fees field by field below.
Phantom: Solana-first multichain wallet; 15M+ users.
Zengo: MPC wallet, no seed phrase; acquired by eToro (Apr 2026).
Side by side
| Phantom | Zengo | |
|---|---|---|
| Category | web3-native | web3-native |
| Audience | general | general |
| HQ | San Francisco, US | Tel Aviv, IL |
| Founded | 2021 | 2018 |
| Custody | Self-custodial | MPC self-custodial |
| Regulation | Self-custodial software | Self-custodial software |
| License detail | Self-custodial software | MPC self-custody; no seed phrase |
| Card | No card | No card |
| Cashback | — | — |
| Yield | In-app staking | — |
| FX markup | — | — |
| Services | — | crypto on-ramp, crypto off-ramp |
| Stablecoins | Yes | Yes |
| KYC | No | No |
| Regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Reported users | 15M MAU (2025) | 2M users (2026) |
go deeperFull profiles: Phantom · Zengo — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.