You must be familiar with Bitcoin but do you know there is another cryptocurrency known as ‘Zcash‘, which is growing pretty fast.
Zcash aka ZEC was created in October 2016 and has taken the world by storm over the period of last one year.
So, I thought why not share some really quick and reliable ways to Buy Zcash using different buying modes like PayPal, Bitcoin, Debit and Credit Cards.
But before we get into the process of purchasing Zcash. Let’s have a brief intro about Zcash(ZEC).
What is Zcash (ZEC)?
Zcash is similar to Bitcoin but with a major modification i.e. anonymity.
We all know Bitcoins are anonymous but anyone can trace them through blockchain. And this is where Zcash is trying to change the game by making the transaction extremely private. The transaction could only be seen by the sender and the receiver.
And in case you are wondering that, how would you get to know about the new coins being generated and the number coins circulating.
Then don’t take the stress anymore.
It is handled by a technology called Zero-Knowledge proofs, or zk-SNARK.
zk-SNARK is a way proving the transaction is valid and does not create new coins, without giving out information about the amounts and the recipients.
In simple words, It is a way of proving that you know something without actually giving the complete information about that thing itself.
I hope now you know the basic working of Zcash. But before buying Zcash, make sure you have a safe Zcash Wallet. I would recommend Ledger Nano S, Trezor, Jaxx or Coinomi as these are the one that I trust.
How To Buy Zcash
Since there is no direct way to Buy Zcash using fiat currency, we will be using Bitcoin to buy Zcash.
However, you can Buy Bitcoin through various ways as described below:
Once you have enough Bitcoin(BTC), we will use Bittrex Exchange to Buy Zcash(ZEC) through it.
Register on Bittrex
First of all, Visit Bittrex and SignUp as a New user
Now Login to your Bittrex account and Go to Settings to complete the verification process.
There are 3 different type of verification:
- Basic verification
- Phone verification
- Enhanced verification
To increase your withdraw limit, you need to go through various verifications. Enhanced verification allows you to withdraw greater than 100 BTC or equivalent per day. Whereas you can withdraw only 0.025 BTC without completing any verification.
You also need to complete 2 Factor Authentication if you complete any verification process. All this is done for your security only, so I would recommend you to surely go with 2FA.
Now you need to Deposit funds to Buy Zcash. You can fund your Bittrex wallet using BTC, Dogecoin, Litecoin and many other cryptocurrencies.
Go to Wallets on the top-right and then select the desired cryptocurrency you wish to send.
Now you will get a Wallet Address on which you need to send the funds.
#Note: Make sure to double check the address before sending. Prefer to Scan or Copy paste, Don’t enter it manually.
That’s it! Your funds will soon be displayed in your Bittrex wallet.
Buy Zcash(Zec) on Bittrex
Once you have Bitcoin or any other cryptocurrency in your Bittrex account, you are all set to Buy Zcash now.
- Search for Zec under Bitcoin Market.
- Now Enter the amount of Zec you want to buy.
- Click on Buy and confirm your order.
Your order will be placed and you will get Zec in your account when the Buy/Sell order matches.
That it! You are a proud owner of Zcash(Zec) Now.
Transfer To Zcash Wallet
Once you have Zec in your wallet, you can either keep it on Bittrex or transfer it to your wallet. Here I would like to recommend you that, if you want to keep your crypto for the long term then transfer it to a safer wallet like Desktop, Mobile Wallet or Hardware Wallet.
#CageTip: Don’t store your crypto’s on exchange for a longer period of time.
Steps To Transfer Zcash:
- Go to Wallet Section of Bittrex
- Now click
- Enter your Wallet Address and Confirm
- You will get your ZEC in your wallet almost instantly.
This is how you can Buy Zcash on Bittrex. Similarly, you can use Kraken Exchange to Buy Zcash, the process is almost similar.
Buy Zcash on Changelly
If you want to Buy Zcash instantly then Changelly is an amazing way to get started.
Changelly is an instant cryptocurrency exchange which allows you to convert one cryptocurrency to another.
So if you have Bitcoin or any other cryptocurrency then you can Buy Zcash with it.
Steps to Buy Zcash on Changelly:
- Go To Changelly
- Select the cryptocurrency pair and click on Exchange.
- Now just Signup.
- Enter your Zcash Wallet Address
- Now send the Bitcoin to the given address
- That’s all! You will soon receive Zcash in your wallet address.
See how simple it was to get Zcash. Moreover, You will be charged a minimal fee of 0.25% which is good as per the market standards. Also, it provides you a dashboard where you can keep a track of your old transaction.
You have a look at our Changelly Review and Guide for more detailed information.
Similarly, you can use Shapeshift which works similar to Changelly but does not require any registration.
So these were some of the best ways to Buy Zcash(Zec) with Paypal, Credit Card, Debit Card and Bitcoins.
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