Zcash (ZEC) is a decentralised, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. Thus, Zcash aims 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 in the Zcash github.

Buying Zcash: What to look out for

We at Kryptoszene.de have taken a close look at Zcash and now explain how best to buy the coin. You should pay attention to these aspects when buying:

  • Where is the best place to buy Zcash? We recommend our test winner eToro.
  • Do you want to hodle Zcash or speculate on the exchange rate every day? That depends on your private goals.
  • How does a Zcash wallet work? Quite simply, as eToro offers its own wallet.
  • Is it worth investing in Zcash? The coin has growth potential

Buy Zcash for beginners in 3 steps:

Zcash is offered on several brokers and crypto exchanges. We have tested the best crypto exchanges for you and explain the easiest way to buy Zcash below. If you want to start trading Zcash, you first have to decide how you want to invest in Zcash. You have to decide whether you want to buy Zcash to hold it in a similar way to gold, for example, and sell it again at a later date for a profit – then you need an exchange. If, instead, you are looking for a strategic investment where, instead of buying a coin, you bet on its performance, crypto brokers are the better choice for you. We use the broker eToro when buying Zcash, as this broker offers both real cryptocurrencies and CFDs – Thus Etoro combines the advantages of brokers and crypto exchanges.

  1. Registering with a broker or crypto exchange

    First we register with Etoro: To do this, we click on the link to register with eToro:In the form we enter username, email and password and accept the terms and conditions:We then receive a verification email in which we click on the confirmation link. Our account is now created.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/atm-2.png alt=u003e

  2. Top up the account

    In the second step we need to fund our account with money to buy our Zcash. To do this, we click on the Deposit money button at eToro: We then select the deposit amount and payment method and click on the Send button to deposit our money.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/savings.png alt=u003e

  3. Buy Zcash

    After the deposit, we can buy our Zcash. To do this, click on the search and enter Zcash. Then click on the Trade button: Now the purchase window opens, where you have the following options: 1. Buy or sell: In our case we have to click on Buy.2. Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order). Amount: The amount of how much Zcash we want to buy. Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.5. Leverage: With which leverage we want to buy Zcash. With leverage X1 we buy real Zcash, with leverage X2 we buy leveraged Zcash CFDs. After we have configured the purchase options, we click on the Open Trade button to complete the purchase. We have now successfully bought Zcash.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/exchange-1.png alt=u003e

Buy Zcash with PayPal, Sofortüberweisung and more

eToro offers almost all deposit methods:

Payment optionpossible?
Buy Zcash with credit card 
Buy Zcash with PayPal 
Buy Zcash with SOFORT Bank Transfer 
Buy Zcash with Rapid Transfer 
Buy Zcash with Skrill 
Buy Zcash with bank transfer 
Buy Zcash with Neteller 
Buy Zcash with UnionPay 

To invest in Zcash or not?

Before you invest in an altcoin, you should inform yourself well. Experienced investors pay attention to a variety of indicators: Is the whitepaper of a coin reliable? Is the business model convincing? Do the entrepreneurs have enough experience to run a company responsibly?

What partners does a currency have and how relevant are these partners from the point of view of the stated 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 on the market, ranking 21st by market capitalisation at the beginning of February 2019 according to Coinmarketcap. This speaks for good distribution and a relatively high level of trust in the currency on the part of investors.

As a privacy coin, however, Zcash has a number of serious rivals. The cryptocurrency Monero, for example, is also a privacy coin. It is established as a means of payment on the darknet and therefore has a head start on Zcash.

If you want to invest in a privacy coin, you should take a look at Zcash’s competitors. In our review pieces, we introduced the privacy coins Monero and Dash for you.

If there should again be such an extreme Bitcoin gold rush as in the winter of 2017/2018, it is of course to be expected that especially the cryptocurrencies that are well placed in the ranking – like Zcash – will profit from it. However, there are currently no indicators that this will happen.

What are the fees for buying Zcash?

We compare the fees when buying Zcash through the following example:

  • We buy €1,000 worth of Zcash
  • We hold our Zcash for 30 days and then sell it again
  • We assume that the rate will not change in the 30 days

With such assumptions, we now compare the fees of the largest Zcash providers:

Provideretorocoinbase
Depositfree of charge3,99%
Purchase fees2,9%1,49%
Holding feesfree of chargefree of charge
Sales charges2,9%1,49%
Payment5 USD0.15 USD
Total fees62,16€68,24€

Current Zcash rate

Current price in USD164,88$
Current price in EUR135,75€
Total market value in USD$1.838.426.467
Total market value in EUR1.513.576.576 €
Price change within the last 24 hours.+5,14%
Updated17.02.2021 at 17:00

Zcash price history: Important moments in the price history of Zcash

Since the Zcash ICO 2016, there have already been some events in the price of Zcashm which we now show:

  1. October 2016: Zcash has its ICO and is traded for €5,407 on Coinbase – the price immediately collapses to €33.
  2. June2017: Zcash’s price explodes to €345 at the start of the crypto bull run 2017
  3. January 2018: On 08.01.2018 Zcash reaches its all-time high of 738€ during the crypto bull run.
  4. May 2018: Zcash tries to recover from a price collapse when the bubble burst and briefly rises by 70%, but immediately falls again.
  5. December 2018: Zcash hits its then low of €41 during the crypto “winter”.
  6. June 2019: Zcash rises to €98 per coin in summer 2019, but falls again.
  7. March 2020: During the Corona epidemic, Zcash reached its new all-time low (€22.43 per coin), after the coin had risen to €64.25 in February.
  8. August 2020: In the current bull run, Zcash stands at €66.87 per coin.

Trade Zcash with or without a wallet?

As a general rule, a wallet is always the safest place to keep your investments. If your coins and tokens are stored on an exchange instead, you may lose access to them – for example, if the exchange is hacked or unexpectedly goes bankrupt.

The use of a wallet is not necessarily more complicated than the handling of the common 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 not afraid, you can simply hold your Zcash on the account of one of your crypto exchanges.

On Zcash’s company website, a number of compatible wallets are presented, you can find the list here. Even better is the big crypto wallet comparison by our crypto scene editors.

Incidentally, those who invest in Zcash CFDs with brokers instead of buying the cryptocurrency directly do not need a wallet to trade.

Buy Zcash: FAQs

  1. How can you invest in Zcash?

    You can basically distinguish between two forms of investment in Zcash: Speculating on prices via CFD brokers such as our test winner and buying Zcash directly via a crypto exchange such as Binance.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/income-3.png alt= style=width: 100px;u003e

  2. Can I buy Zcash with a credit card?

    Buying Zcash with a credit card is possible on our recommended exchanges Binance and CEX.Our test winner in the area of crypto brokers also accepts credit card payments.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cvv-1.png alt= style=width: 100px;u003e

  3. Is Zcash trading possible with Paypal?

    As a rule, crypto exchanges do not offer the payment option Paypal. One exception is the CFD broker eToro, where you can speculate on the performance of Zcash.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/transfer.png alt= style=width: 100px;u003e

  4. What is the difference between a broker and an exchange?

    Options brokers only use cryptocurrencies as assets, while exchanges allow direct trading of the assets. So anyone who actually wants to buy Zcash will have to go via a crypto exchange.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/millionaire.png alt= style=width: 100px;u003e

  5. Will Zcash continue to grow in value?

    That depends on whether Zcash holds its own against competitors like Monero, Verge or Dash in the long term and how the cryptocurrency market as a whole continues to develop.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/millionaire.png alt= style=width: 100px;u003e

  6. Do I need a Zcash Wallet?

    Not necessarily. If you buy Zcash on Binance, for example, you can hold it there. However, we recommend a wallet to avoid unforeseen complications on the exchanges.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/wallet-1.png alt= style=width: 100px;u003e

  7. Can I use my Ether Wallet?

    Zcash is not based on the ERC-20 standard and is therefore not supported by Ether wallets.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/money.png alt= style=width: 100px;u003e

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