Last update: Jun 6, 2022

How to Buy Zcash (ZEC)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Zcash. Depending on where you’re located, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Zcash

How to Buy Zcash – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Zcash of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy Zcash

Now that you have what you need to buy Zcash, head over to the market or buy section of the cryptocurrency trading platform and buy some ZEC.

If the crypto exchange doesn’t have any Zcash on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Zcash first), and trade your Ethereum for Zcash.

Where to Buy Zcash (ZEC)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Zcash

  1. Sign into the exchange where you bought Zcash.
  2. Move your Zcash to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Zcash.

 

Crypto trading

How to Buy Zcash (ZEC) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Zcash in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Zcash if it’s available. If the exchange doesn’t have Zcash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Zcash), and trade your ETH for Zcash.

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the best crypto platforms in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Zcash (ZEC) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Zcash in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Zcash if it’s available. If the exchange doesn’t have Zcash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Zcash), and trade your ETH for Zcash.

Or, if you’d like to learn more about the exchanges we like, check our comparison of the Canadian cryptocurrency exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Zcash (ZEC) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Zcash in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Zcash if it’s available. If the exchange doesn’t have Zcash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Zcash), and trade your ETH for Zcash.

It’s also possible to check out our comparison of the most popular crypto exchanges in the UK if you’re interested in learning more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Zcash? ZEC Rundown

Zcash, a decentralized cryptocurrency that is focused on anonymity and privacy, is called Zcash. It utilizes the zk–SNARK zero-knowledge-proof technology, which allows nodes to verify transactions without disclosing any sensitive information.

Contrary to common belief, most cryptocurrencies, including Bitcoin (BTC), do not have an anonymous nature. They are pseudonymous, and while they don't explicitly reveal the identities, each user has their public address or addresses that can be tracked back to them using data science and blockchainforensics.

Zcash transactions must be transmitted via a public blockchain. However, unlike pseudonymous cryptocurrency, ZEC transactions do not reveal the sending or receiving addresses nor the amount being sent. This data can be revealed for auditing purposes or compliance with regulatory requirements.

Zcash was released for the first time on October 28, 2016. It was initially based on Bitcoin's source codebase.

Zcash's greatest advantage is its optional anonymity. This allows for privacy that is not possible with regular pseudonymous cryptocurrency like Bitcoin and Ethereum.

Two ways to send ZEC transactions are possible: transparent or shielded. Transparent transactions function in the same manner as Bitcoin's codebase Zcash: they are sent between public addresses, and are stored on an immutable public blockchain (the blockchain). You can view all the details about these transactions online, including the sending and received addresses as well as the amount sent.

These public transactions don't reveal user identities in any way. The only identifiers that an outside observer can access through the blockchain are public addresses. However, thanks to the hard work of data scientists and law enforcement, methods for blockchain analysis have improved to the point that an interested party can quite reliably link a public address on a Blockchain to the real-world identity its owner. This effectively makes private transactions impossible.

Shielded ZEC transactions on the other hand leverage the technology for zero-knowledge succinct, non-interactive arguments or knowledge (zk-SNARKs) to allow anonymous transactions to be sent over an immutable public blockchain. While the transaction is recorded on the ledger the sending and receiving addresses as well as the amount sent are not made public.

Zcash can offer its users privacy while still enjoying all the benefits of a permissionless, decentralized digital currency.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.