Zcash is a fork of Bitcoin and was formed to improve upon Bitcoin.
But still for those of you who don’t know about it:
Zcash is a decentralized cryptocurrency that uses zero-knowledge proofs to ensure transaction privacy of its users.
Unlike Bitcoin, Zcash is truly fungible because of its zero-knowledge proofs thus users can transact using ZEC to maintain total anonymity and privacy.
And I believe you already know about the USPs of Zcash and that’s why you want to buy ZEC to put it in your crypto portfolio.
Needless to say, the USPs of Zcash encourages Zcash investing for the people who want to enjoy privacy, security, and anonymity.
Note: Cryptocurrencies are a hyper-volatile asset so don’t go all-in but of course, do allocate some capital to it for learning as well as investment sake.
So let’s look at the options from where and how you can buy Zcash cryptocurrency?
HOW TO BUY Zcash (ZEC) Coin?
Now, let’s look at all the avenues through which you can buy Zcash because that’s the first thing anyone interested in buying Zcash would like to know.
After which anyone can decide what option suits them and what doesn’t. So let’s look at some of the popular options through which you can buy Zcash?:
- Buy Zcash (ZEC) with credit/debit card
- Buy Zcash (ZEC) with Bitcoin or Ethereum using Changelly
- Buy Zcash (ZEC) with bank deposits or wire transfer
- Buy Zcash (ZEC) peer-to-peer with Cash
- Buy Zcash (ZEC) from Zcash exchanges with other cryptocurrencies
- Buy Zcash (ZEC) with PayPal & Skrill
Now that you know all the options through which you can buy Zcash let’s see all the avenues where you can buy ZEC coin.
WHERE TO BUY/SELL Zcash (ZEC) Cryptocurrency?
#1. Buy Zcash (ZEC) with credit/debit card
Buying cryptocurrencies through credit card is the easiest, and the same thing applies to ZEC too. You can easily buy Zcash cryptocurrency using credit cards as it has been here for some time.
Having said that you need to complete your KYC and get your credit/debit card registered with these service before you can buy ZEC through them.
So here are some of the popular services through which you can get by Zcash for a credit card:
- Cex.io (Recommended For All)
- Bitpanda (Europeans Preferred)
#2. Buy Zcash (ZEC) with Bitcoin or Ethereum using Changelly
Another easy way of ZEC trading is through Changelly.
If you already have Bitcoin or Ethereum or any other Changelly supported cryptocurrency, you can very well swap it for Zcash coin using Changelly.
The fee is also quite low on Changelly as it only takes 0.5% of your transaction.
To be able to do this through Changelly, you will need this:
- First, get your Zcash address ready where you would like to receive your Zcash.
- Second, you should have some bitcoins/altcoins to exchange for Zcash.
So what are you waiting for?
Head on to Changelly and select one of their recommended ways to exchange BTC/ETH for Zcash and you should be doing just fine.
Note: Sometimes the exchange can take time, but you need not worry as your transaction history is always available for audit once you have registered on Changelly.
#3. Buy Zcash (ZEC) with bank deposits or wire transfer
One more effective way of getting Zcash is through fiat (USD, EUR, GBP, etc.) accepting Zcash exchanges and interestingly there are quite a few exchanges that provide this facility.
But to get started on these exchanges you first need to complete your KYC because you are wishing to deal with fiat currencies here.
And once you are done with the KYC, you can transfer your fiat currencies (USD, EUR, etc.) in their fiat linked crypto wallets to exchange it for Zcash. Moreover, if you are someone who wants order books in fiat to be able to bid and buy Dash in fiat, then this section is for you !!
- Cex.io (Buy Zcash In UK): Supported pairs, ZEC/USD, ZEC/EUR
- Bitpanda (No Order Books): Supported pairs, ZEC/USD, ZEC/EUR, ZEC/GBP, ZEC/CHF
- Exmo: Supported pairs, ZEC/USD, ZEC/EUR, ZEC/RUB
- Coinut: Supported pairs, ZEC/USD, ZEC/CAD, ZEC/SDG
- Kraken: Supported pairs, ZEC/USD, ZEC/EUR, ZEC/JPY
Note: Since on these exchanges you will be dealing with fiat, it is mandatory to go through a KYC check and it can take few hours up to somedays in getting your trading account ready, that’s why plan well before you intend to buy/sell ZEC on these exchanges.
#4. Buy Zcash (ZEC) from Zcash exchanges with other cryptocurrencies
If you don’t want to get into KYC check and all, then this method is for you.
Zcash trading is also possible on crypto-to-crypto exchanges if you have got other cryptocurrencies like BTC/ETH etc. Plus, here you get real-time order books to bid and advanced trading tools to analyze your strategy.
Some of the best Zcash exchanges to buy/sell Zcash coin are listed below:
- Binance: Supported pairs are ZEC/BTC, ZEC/ETH
- CEX.io: Supported pairs are ZEC/BTC
- Exmo: Supported pairs are ZEC/BTC
- Gate.io: Supported pairs are ZEC/BTC, ZEC/USDT
- Huobi: Supported pairs are ZEC/BTC, ZEC/USDT
- BitBay: Supported pairs are ZEC/BTC
Note: Liquidity on these exchange is top class as most of these exchanges rank in top 50 exchanges in terms of volume on the CoinMarketCap. So you need not worry about the volumes, but these exchanges sometimes stop taking new registrations when the demand of cryptos grow. That’s why the safe thing is to register on them beforehand if even you don’t intend to trade now !!
#5. Buy Zcash (ZEC) peer-to-peer with Cash
The first thing that comes to mind is Zcash ATMs if you want to buy ZEC for cash.
And the good news is, there are quite a few cryptocurrency ATMs through which you can buy Zcash for cash.
- Coin ATM Radar: CoinATMRadar keeps track of cryptocurrency exchanges all-around the world, and when you check-out for Zcash ATMs you will find quite a few across the globe. So check out CoinATMRadar to see if there is any crypto ATM supporting Zcash in your vicinity.
Another way of getting Zcash for cash is through peer to peer trading, but unlike LocalBitcoins, we don’t have such platforms for Zcash. That’s why we won’t recommend this method of trading because it is highly risky and the scammers can scam you that way.
#6. Buy Zcash With PayPal
While buying Zcash through PayPal is quite possible, but we won’t recommend this method as the transaction fees charged through this method are quite absurd.
That’s why we would suggest you buy Zcash from the above-listed Zcash exchanges and services only.
Conclusion: How To Trade Zcash Efficiently?
Well, Zcash is quite a popular cryptocurrency and trading Zcash has never been a problem yet.
That’s because many exchanges and services have listed Zcash and moreover its an anonymous alternative for Bitcoin-like currency, which makes it even more attractive for Zcash traders.
However, the services that we have listed above are the best in the business of buying/selling Zcash, but they are not entirely reliable for storing Zcash.
That’s why we urge you to look at some of the best Zcash wallets like Ledger Nano S or Coinomi to store your Zcash for the longer term !!
Now you tell us: How you are going to buy your Zcash cryptocurrency? Which Zcash wallet do you plan to use? Tell us in the comments below.
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