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How to buy, sell and trade Zcash (ZEC) in the United States

A beginner buyer's guide to Zcash (ZEC): Learn how it works, where to buy it and what to consider before buying.

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Zcash (ZEC) is a decentralized, open-source cryptocurrency that offers transaction privacy through the use of zero-knowledge cryptography. This means that every transaction is shielded so as to hide the sender, the recipient and the amount of the transaction on the blockchain. However, ZEC is not completely anonymous. Every payment is visible on the public blockchain – only the participants in the transactions and the amounts are hidden.

If you want to learn more about ZEC, read on. Our simple guide will show you where it is available in the US, steps to buy and sell ZEC, as well as things to consider when buying it.

Live Zcash (ZEC) price

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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
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Quick guide: How to buy ZEC

  1. Register for an account on an exchange like eToro
  2. Enable two factor authentication
  3. Choose your deposit method
  4. Enter your deposit amount and initiate the payment
  5. Once your account has been credited, go to the trading page
  6. Choose the cryptocurrency you want to buy
  7. Enter the amount you want to purchase
  8. Check the transaction details and confirm the purchase
Go to eToro's site

This is our quick guide to just one way to buy ZEC. Compare some other options in the table below.

Where can I buy Zcash (ZEC)?

You can buy ZEC with a credit card on Changelly, or you can buy it on some exchanges using fiat currencies like USD, including HitBTC, Kraken, Mercatox, YObit and EXMO. You can also buy ZEC with cryptocurrencies, such as bitcoin (BTC) and Ether (ETH).

Exchanges listing ZEC include the following:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Wire transfer,Online banking
USD

15
cryptocurrencies

Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

24
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

50
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH),Bank transfer,Cryptocurrency,Debit card,Wire transfer
USD

29
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Changelly Crypto-to-Crypto Exchange
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
YoBit Cryptocurrency Exchange
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

290
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer (ACH),Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Gemini Cryptocurrency Exchange
Cryptocurrency,Wire transfer,Bank transfer (USA only)
USD

27
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
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Compare up to 4 providers


A step-by-step guide to buying Zcash (ZEC)

Once you’ve decided to buy ZEC, here are some steps you could follow to buy it:

Step 1. Create an account at an exchange that offers ZEC

Compare exchanges listing ZEC to find your exchange of choice. In doing so, you are undertaking due diligence while empowering yourself to select the exchange that best suits your needs. Once you have chosen an exchange, sign up for an account at its website. Most of the accounts will be created using your email.

Some exchanges require that you submit ID documents for verification. After that, you will be able to deposit funds and trade.

Step 2. Deposit funds into your account

Most crypto exchanges accept only cryptocurrency deposits, so you would have to acquire cryptocurrency that can be paired with ZEC, like BTC, first.

If you have opted to buy ZEC from an exchange that only accepts cryptocurrency deposits and don’t have any crypto, you can follow our guide on how to buy BTC.

Step 3. Buy ZEC

To buy ZEC, find a button that says “Exchange” or “Markets”, depending on the exchange you selected. Find the relevant pairing from a list of currency pairs; for example, ZEC/BTC if you are buying ZEC with BTC or ZEC/USD if you are buying ZEC with USD. You can then proceed to the “Buy” tab, where you can enter in the amount you wish to purchase and hit a button to confirm this.


How can I sell ZEC?

You can sell ZEC on the same exchange where you buy it. This process is similar to step 3 above, except this time you would use the Sell ZEC function.


Which wallets can I use to hold ZEC?

There are multiple types of wallets you can use to store ZEC.

  • Desktop wallets. You can use the wallet included in the official Zcash client, which was designed for Linux but was recently modified to work on Windows and Mac OS X. You can also use the Jaxx desktop wallet for Windows, Linux and Mac OS X.
  • Mobile wallets. Freewallet app for Android and the Jaxx mobile app for Android and iOS. You can also choose the Bitpie or Coinomi app for Android and iOS.
  • Web-based wallets. You can use the Jaxx Chrome extension.
  • Hardware wallets. You can choose either the Ledger Nano X, Ledger Nano S, or TREZOR hardware wallets.

While wallets that support ZEC have private keys as a minimum layer of protection for your cryptocurrency, hardware wallets are usually considered the safest among all cryptocurrency wallets.

To learn more about wallets and storing your cryptocurrency, check out our comprehensive wallet guide.


How does ZEC work?

ZEC uses a zero-knowledge cryptography known as zk-SNARK (zero-knowledge Succinct Non-interactive Arguments of Knowledge) and developed by the team behind ZEC. Zero-knowledge proof works by allowing one party to prove to another that a statement is true without revealing any information beyond the validity of the statement. This allows the network to maintain a secured ledger while keeping the sender, recipient and amount transferred private.

ZEC also has the option to send public payments that work similar to BTC. Users can choose whether to send private or public payments. If you send a payment from a shielded to a transparent address, the received amount is public, while if you send payment from a transparent to a shielded address, the received amount is private.

Additionally, ZEC is a fork of bitcoin (BTC), and it works on the Equihash memory-oriented proof-of-work algorithm, which means mining is determined by how much RAM you have.

Find out more about how ZEC works in our introductory guide.


What should I consider if I’m buying ZEC?

If you are wondering whether to buy ZEC or any other cryptocurrency, it’s important that you are aware of the risks involved, as prices are unpredictable. In addition to this, you should consider the points below if you want to buy ZEC:

  • Supply. According to CoinMarketCap, the circulating supply of ZEC at the time of writing (March 2018) was 3,398,219 tokens. The maximum supply of all coins is set at 21,000,000 tokens.
  • Use. ZEC is a peer-to-peer cryptocurrency that uses zero-knowledge cryptography. While transaction payments are visible on the public blockchain, participants and amounts are hidden.
  • White paper. To find out more about ZEC and the aims of the company behind it, you could read its white paper.
  • Partnerships and developments. Bearing in mind that cryptocurrency is speculative and volatile, you can also consider significant recent developments for ZEC. The team behind ZEC has released a list of organizations and individuals accepting ZEC donations, and it was announced in May 2017 that ZEC and JP Morgan would be collaborating on blockchain developments.
  • Availability. ZEC is one of the more popular cryptocurrencies and is available on a number of crypto exchanges. You can also buy ZEC with a credit card and fiat currencies.
  • Market competition. ZEC is a privacy-oriented cryptocurrency but does not provide full anonymity. Cryptocurrencies similar to ZEC, some of which are completely anonymous, are Monero, Bytecoin, Dash, Verge, Spectrecoin, CloakCoin, Hush, NavCoin and PIVX.

Bearing this in mind and using the above as a starting point for your own research, you should be able to make a more informed decision about buying ZEC.


Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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