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Zcash (ZEC) is a decentralised, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. Zcash wants to offer its users greater data security than Bitcoin.
So-called privacy coins (see also Verge or Monero ) specialise in keeping the identity of buyers and sellers secret. As for Bitcoin, there is a fixed unit maximum of 21 million coins for Zcash. Zcash adheres to the open-source principle. The code can be viewed on the Zcash Github.
We have dealt intensively with Zcash and now explain how best to buy the coin. You should pay attention to these aspects when purchasing:
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Zcash is offered on some brokers and crypto exchanges. We have tested the best crypto exchanges for you and explain below the easiest way to buy Zcash.
If you want to start trading with Zcash, you first have to decide how to invest in Zcash. Then, you have to think about whether you wish to buy Zcash to hold it like gold, for example, and sell it again at a later point in time – then you need an exchange.
If you are instead looking for a strategic investment where you can rely on your performance instead of buying a coin, crypto brokers are the better choice.
We use the broker ETFinance when buying Zcash, as this broker offers both real cryptocurrencies and CFDs – ETFinance thus combines the advantages of brokers and crypto exchanges.
First, we register with ETFinance: To do this, we click on the link to register with ETFinance:
In the form, we enter username, email and password and accept the terms and conditions:
We then receive an email for verification in which we click on the confirmation link. Our account is now created.
In the second step, we have to top up our account with money to buy our Zcash. To do this, we click on the “Deposit money ” button at ETFinance :
We then select the deposit amount and the payment method and click on the “Send” button to deposit our money.
ETFinance offers almost all deposit methods:
| Payment option | Possible? |
| Buy Zcash with a credit card | ✔️ |
| Buy Zcash with PayPal | ✔️ |
| Buy Zcash with Rapid Transfer | ✔️ |
| Buy Zcash with Skrill | ✔️ |
| Buy Zcash with bank transfer | ✔️ |
| Buy Zcash with Neteller | ✔️ |
| Buy Zcash with UnionPay | ✔️ |
After the deposit, we can buy our Zcash. To do this, click on the search and enter “Zcash” there. Then click on the “Trade” button:
Now the purchase window opens with the following options:
After configuring the purchase options, we click on the ” Open Trade ” button to complete the purchase. We have now successfully bought Zcash.
Before you invest in an altcoin, you should do your research well. Experienced investors pay attention to a variety of indicators: Is the whitepaper of a coin reliable? Is the business model convincing? Do entrepreneurs have enough experience to run a company responsibly?
Which partner has a currency, and how relevant are these partners from the point of view of the declared business model? Is the currency often in the news, and if so, in what context?
These are all questions that can help you determine whether an investment is worthwhile or not.
The cryptocurrency Zcash is well established in the market. At the beginning of February 2019, it took 21st place at market capitalisation, according to Coinmarketcap. That speaks for good distribution and relatively high confidence on the part of the investors in the currency.
As a privacy coin, there are several rivals for Zcash. The cryptocurrency Monero, for example, is also a privacy coin. It is established as a means of payment in the Darknet and has a lot ahead of Zcash.
If you want to invest in a privacy coin, you should deal with Zcash’s competition. In our overview pieces, we have introduced the privacy coins Monero and Dash for you.
If there should be another bitcoin gold rush as extreme as in winter 2017/2018, it is, of course, to be expected that the cryptocurrencies that are well placed in the ranking – like Zcash – will benefit from it. But, unfortunately, at the moment, there are no indicators that this will happen.
We compare the fees when buying Zcash using the following example:
With such assumptions, we now compare the fees of the largest Zcash providers:
| Providers | ETFinance | Coinbase |
| Deposit | Free | 3.99% |
| Purchase fees | Free | 1.49% |
| Holding fees | Free | for free |
| Sales charges | Spreads | 1.49% |
| Total fees | Reasonable | € 68.24 |
| Current price in USD | $ 164.88 |
| ZCash rate euro | € 135.75 |
| Total market value in USD | $ 1,838,426,467 |
| Total market value in EUR | € 1,513,576,576 |
| Price change within the last 24 hours | + 5.14% |
| Updated | 02/17/2021 at 5:00 p.m. |
Since the Zcash ICO 2016, there have been some events in the course of Zcash, which we are now showing:
In general, a wallet is always the safest place to keep your investments. However, if your coins and tokens are instead on an exchange, you can lose access to them – for example, if the exchange is hacked or unexpectedly has to file for bankruptcy.
Using a wallet is not necessarily more complicated than using the common stock exchange platforms. A wallet is therefore recommended in any case.
However, the use of a wallet is not mandatory for trading with Zcash. If you are fearless, you can keep your Zcash on account of one of your crypto exchanges.
Several compatible wallets are presented on the Zcash company website; you can find a list here. The big crypto wallet comparison of our Secured Brokers editorial team is even better.
By the way, if you invest in Zcash CFDs with brokers instead of buying the cryptocurrency directly, you don’t need a wallet for trading.
The cryptocurrency Zcash is a well-traded and established privacy coin on the stock exchanges, but it has powerful competitors. You can invest in Zcash CFDs or buy the currency directly. We recommend ETFinance for this.
Zcash can be bought with a credit card, PayPal or Sofortüberweisung. We have presented all of these investment options to you step by step above in this post. We recommend ETFinance for buying Zcash!
In summary, it can be said that the Zcash forecast looks quite good, but it is difficult to estimate which privacy coin will establish itself in the long term. Therefore, whoever invests should follow the Zcash news regularly.
You can basically differentiate between two forms of investing in Zcash: speculating on prices via CFD brokers like our test winner and buying Zcash directly via a crypto exchange like Binance.
Buying Zcash with a credit card is possible on the Binance and CEX exchanges recommended by us.
Our test winner in the crypto broker category also accepts credit card payments.
As a rule, crypto exchanges do not offer the PayPal payment option. An exception is the CFD broker ETFinance, on which you can speculate on the performance of Zcash.
Options brokers only use crypto currencies as assets, while exchanges enable the values to be traded directly.
So if you actually want to buy Zcash, you will have to go through a crypto exchange.
Investing is speculative. Your capital is at risk when investing. This website is not intended for use in any jurisdiction where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. Therefore, conduct your own due diligence. This website is available to you free of charge, however we may receive commissions from the companies we offer on this website
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