Zcash (ZEC) is a completely anonymous and decentralized open source cryptocurrency that uses blockchain technology. Transactions are completely confidential and it is not possible to track information about the recipient or sender.
All this was achieved by using zk-SNARK, a zero-knowledge proof for transaction. Only parties that take part in it know about the transaction. The fact of the transaction can be found on the network. However, ZEC does support multi-signature transactions.
The issuance of cryptocurrency Zcash is limited, a total of 21 million Zcash coins will be mined and this process occurs when creating new blocks, on average it takes 150 seconds.
You can buy Zcash cryptocurrency on cryptocurrency exchanges. Also, they can not only buy it, but also trade crypto. Among the popular sites are: HitBTC, eToro, Binance, Kraken, Coinbase, Poloniex and Cryptopia. It is included in the list of recommended sites for the exchange of Zcash from official developers. Exchanges provide a wallet for storing cryptocurrencies. After installing a local wallet, cryptos from the exchange can be transferred to it and stored further if you do not plan to trade.
To trade and buy Zcash (ZEC) cryptocurrency on the zcashcommunity website you can see a list of recommended platforms.
HitBTC is a crypto exchange that has been providing its services since 2013. The platform has one of the largest trading volumes for Zec and over 200 other cryptos.
Trading fees are 0.1%, but withdrawal fees may be a little high.
Among the advantages is a simple trading screen, low commissions, withdrawals and replenishment of funds from the account in the balance sheet. The disadvantages of the platform are that in 2015 its server was hacked. Also, it has a long identity verification of bank transfers.
Binance is a popular cryptocurrency platform, which began operating in 2017 and quickly became one of the leaders in terms of trading volume.
The exchange offers trading over 100 different cryptocurrencies, including ZCash. Trading fees account for only 0.1%.
Its advantages are low fees, good security, a large selection of cryptocurrencies, a basic and advanced version. Among the disadvantages is the lack of fiat trade.
Cryptopia is a cryptocurrency exchange that was founded in 2014. It offers traders over 500 different cryptos, including Zcash.
The transaction price on the platform is 0.2%, but the withdrawal fees are also a bit high.
The advantages of the exchange are that it has better account security, many different cryptocurrencies and a simple interface. The disadvantages are that it has high withdrawal fees and if you don’t have a New Zealand bank account, you won’t be able to deposit fiat currency.
A quick and easy Zcash purchase without the possibility of trading can be done on Coinbase. Upon purchase, they transfer the cryptocurrency to the address you provided. To do this, open your account and find the “Buy / Sell” option. Next, enter the currency, its amount and complete the purchase operation.