Storing Zcash in an exchange wallet
Another option you may want to consider is storing your Zcash in an exchange wallet. If you’re planning on using it in trades some time soon, this is a simple and convenient option.However, it’s not recommended for a couple of key reasons. Not only are cryptocurrency exchanges a common target for hackers and thieves, but you should also be aware that most exchange wallets don’t give you control of your wallet’s private key.
As a result, moving your coins or tokens into a secure wallet which lets you hold onto your private key is seen as a safer option.
Find out more about which exchanges list ZEC in our guide to buying and selling.