Zcash has gathered quite a bit of attention lately. Many people want to buy Zcash and this guide is going to help you find the best way to do that.
Bitcoin is the easiest cryptocurrency to buy. In many cases, the easiest way to obtain Zcash with a certain payment method is first to buy bitcoins and then trade the bitcoins for Zcash.
For those from the USA (with USD), Canada, Singapore, Australia, Europe and the UK, the easiest way to buy Zcash with a credit card or debit card will be to:
1. Buy bitcoins with a credit card on Coinbase
Coinbase charges a 3.99% fee on credit card buys.
Like credit card, there is no easy way to buy Zcash with cash. The easiest will look something like this:
1. Buy bitcoins with cash on LocalBitcoins
LocalBitcoins works around the world. It is possible to buy bitcoins with cash in most major cities, although sometimes you will have to create your own buy ad.
Buyers in the USA can also use BitQuick to buy bitcoins with cash.
LocalBitcoins fees are 1% per trade, although there can be premiums. BitQuick charges a 2% fee on buys.
If you are a European or Canadian resident, the easiest way to buy Zcash with a bank transfer is with Kraken. They have a ZEC/EUR trading pair, meaning you can directly buy Zcash with euros via bank transfer. If you are depositing from Canada, you will have to first buy bitcoins on Kraken and then trade the bitcoins for Zcash on Kraken.
If you are from the USA, the easiest way to buy Zcash with bank transfer or bank account is to:
1. Buy bitcoins with ACH transfer on Coinbase
The fees for buying with Coinbase are 1.49% per buy.
We realize this is getting repetitive, but, again, there is no way to buy Zcash directly with PayPal. What’s funny here is that the same goes for Bitcoin:
There is no way to directly buy bitcoins with PayPal.
You’ll have to follow this guide/hack that helps you buy bitcoins using PayPal using a neat trick.
Note that the the fees for buying on BitPanda with Skrill are included in the buy price.
The price of Zcash could always go to zero. It is one of the newest cryptocurrencies and must mature a lot before it can be considered in the same regard as Bitcoin or Litecoin.
Leaving your money on an exchange is another risk you should not take.
Zcash can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency like BTC or LTC, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Zcash made with a US bank transfer will take a minimum of 5 days. Crazy!
Yes, you can sell Zcash on the exchanges mentioned above. The fees, speed, and privacy is the same in most cases although will vary depending on payment method.
Yes, Zcash, like Bitcoin and Litecoin, is divisible to many decimal places so you can buy 0.1 ZEC, 0.001 ZEC, etc.
Anyone is free to buy Zcash, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in Zcash, too.
If you have cheap electricity, it might be worth it to mine Zcash. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Zcash price or electricity can greatly affect your profitability.
For speed, credit card will likely be fastest for getting Zcash. For larger amounts of ZEC, bank transfer is best.
For privacy, it’s best to buy bitcoins with cash on LocalBitcoins and then trade for Zcash using Changelly or Shapeshift.
You should immediately move your Zcash into a secure wallet. You should never leave your Zcash on an exchange.
We cannot even begin to count the number of hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your Zcash, and then instantly send them into a wallet you control so you are not risk of losing money to a hack or scam.
As Zcash continues to grow, it will likely become easier to buy. We’ll continue to update this post and monitor exchange support.