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How to Buy Zcash

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.

Before you buy Zcash, make sure you have a secure Zcash wallet to store your coins.

A Note on Zcash and other Altcoins

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.

Once you buy bitcoins, you can trade them instantly for Zcash using something like Changelly or Poloniex.

Buy Zcash with Credit Card

For those from the USA, 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

2. Use Changelly to convert the BTC to Zcash

Coinbase charges a 3.99% fee on credit card buys.

CoinMama and CEX.io are two other exchanges that you can use to buy the bitcoins with credit card if you have problems with Coinbase.

Buy Zcash with Cash

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

2. Use Changelly to convert the BTC to Zcash

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.

Buy Zcash with Bank Transfer

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

2. Use Changelly to convert the bitcoins to Zcash

The fees for buying with Coinbase are 1.49% per buy.

Buy Zcash with PayPal

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.

Once you’ve done that you can use Changelly to convert your bitcoins to Zcash.

Buy Zcash with Skrill

If you live in Europe, you can buy bitcoins with Skrill usingBitPanda and then use Changelly to convert the bitcoins to Zcash.

Note that the the fees for buying on BitPanda with Skrill are included in the buy price.

Buy Zcash with Bitcoin

The easiest way to buy Zcash with Bitcoin has already been mentioned, it’s to use a crypto exchange like Poloniex or Changelly to convert bitcoins to Zcash.

Buy Zcash with Ethereum

The easiest way to buy Zcash with Ethereum is the same as buying with Bitcoin, it’s to use a crypto exchange likePoloniex or Changelly to convert ETH to Zcash.

Buy Zcash with Litecoin

The easiest way to buy Zcash with Litecoin is the same as buying with Bitcoin, it’s to use a crypto exchange likePoloniex or Changelly to convert LTC to Zcash.

Frequently Asked Questions

What are the risks of buying Zcash?

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.

Why can Zcash take so long to buy?

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!

Can you sell Zcash?

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.

Can you buy partial Zcash?

Yes, Zcash, like Bitcoin and Litecoin, is divisible to many decimal places so you can buy 0.1 ZEC, 0.001 ZEC, etc.

Can anyone buy Zcash?

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.

Is it better to mine or buy Zcash?

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.

Which payment method is best to use?

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.

What should I do with my Zcash once I buy?

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.