Zcoin (XZC): How to buy, sell and trade in the US | finder.com
FEATURED.ZCOIN

How to buy, sell and trade Zcoin (XZC)

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

A beginner’s guide to buying, selling and trading Zcoin in the US.

Zcoin is a digital cryptocurrency that uses the Zerocoin Protocol to allow private transactions. This protocol uses zero-knowledge proofs to guarantee anonymity to Zcoin users.

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.

Where can I buy, sell and trade Zcoin?

Zcoin is available on a number of popular cryptocurrency exchanges, including:

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, ZNY, DOGE, VSX, DASH & over 40+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Cryptopia Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT, ZEN, NRG, SMART & 500+ more
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.

Compare up to 4 providers

How to buy Zcoin: Step-by-step instructions

If you want to buy XZC in the US, here’s an example of how you can do it:

Step 1. Create an account that accepts USD

Gemini is a local cryptocurrency exchange that allows you to exchange US dollars (AUD) for bitcoin (BTC) or Ethereum (ETH), which you can then trade for Zcoin. You can sign up for a free account by providing your contact information and uploading a copy of your driver’s license.

Step 2. Deposit funds into your account

Click the “Transfer Funds” and “Deposit Into Exchange” links from your Gemini account dashboard to make an online deposit via ACH bank transfer or wire transfer.

Step 3. Buy BTC or ETH

Once you’ve submitted a deposit, you’ll be able to purchase BTC or ETH through the “Buy” menu item.

Step 4. Transfer BTC or ETH and buy XZC

After a few days when your deposit clears, you’ll be able to transfer your cryptocurrency to an exchange that offers XZC for purchase. Sign up with that exchange and get the address to transfer your BTC or ETH. Once it arrives in your new exchange’s wallet, you can then trade it for XZC.

Note that many cryptocurrency exchanges don’t offer the option of exchanging fiat currency (like USD) directly for XZC. Instead, you may need to purchase bitcoin (BTC), Litecoin (LTC) or Ethereum (ETH), or any other cryptocurrency offered in an XZC pairing, and then exchange that cryptocurrency for XZC.

How to sell Zcoin

If you want to sell XZC that you already hold, the steps you need to follow are very similar to those listed above, with the obvious difference that you’ll be clicking on the “Sell XZC” link. You will then need to follow the prompts to exchange XZC for your chosen currency, which could be a cryptocurrency or, on some exchanges, fiat currency such as USD.

Which wallets can I use to hold Zcoin?

The Zcoin official wallet is available for download from the Zcoin website. This wallet works on both Windows and Mac operating systems, while you also have the option to download the Coinomi Wallet from Google Play for use on Android devices.

How Zcoin works

While there’s a widely held belief among the general population that bitcoin and all other cryptocurrencies are completely anonymous, this isn’t actually the case. As all transactions are kept on a public ledger called the blockchain and readily available to anyone savvy enough to do some digging, law enforcement agencies and researchers have made significant progress towards identifying the people behind cryptocurrency transactions. The Zerocoin Protocol was created in 2013 and was originally meant to be a bitcoin extension. It uses zero-knowledge proofs, which are basically a method of proving something without giving away any data, with the aim of providing private and secure transactions. Performing private transactions with Zcoin involves three steps:

  1. Mint. The first step is to select the number of coins you want to mint. A corresponding number of old coins in your Zcoin account are burned cryptographically, and your account is then credited with new coins that have no transaction history attached to them.
  2. Spend. You can then send your newly minted Zcoins to someone else anonymously because they do not have any transaction history.
  3. Repeat. You can repeat the minting and spending process as many times as you want.

Zcoin was released to the public in September 2016 by Poramin Insom, the founder and lead developer of this cryptocurrency project.

What to consider before buying Zcoin

Cryptocurrencies are complex and speculative, and it’s essential that you’re fully aware of the risks involved before purchasing or holding any cryptocurrency. If you’re thinking of buying ZCoin, make sure you consider the following factors first:

  • Market competition. Zcoin is far from the only company that offers a privacy coin. Monero, Zcash, Komodo, Nav Coin, Verge, PIVX and Dash are just some of the competitors offering coins designed to ensure private transactions, so you’ll need to consider the strengths and weaknesses of Zcoin relative to the competition to help you decide whether Zcoin is worth buying.
  • Demand. The sheer number of cryptocurrencies claiming to offer anonymous transactions certainly indicates that privacy is an important consideration for a lot of cryptocurrency users. However, as the privacy coin sector is highly competitive, this could impact the level of demand for XZC and other similar cryptocurrencies.
  • Supply. The total supply of Zcoin is 21.4 million XZC, with a circulating supply of less than 4 million at the time of writing.
  • Roadmap. You’ll need to consider Zcoin’s scheduled future developments to get an idea of its potential for growth, and you’ll find some of these details in the Roadmap section on the company’s website. You can also find information about Zcoin’s upcoming and ongoing projects through the Zcoin Reddit and other social media channels.

FAQs

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.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping people find the right products for them. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site