How to buy Zcash (ZEC) in Australia
Learn how to buy Zcash (ZEC) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
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How to buy Zcash
1. Compare crypto exchanges
The easiest way to buy Zcash is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.
4. Buy Zcash
You can now exchange your funds for Zcash. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Zcash to your personal wallet.
Where to buy Zcash in Australia
Find an exchange to buy, sell and trade ZEC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Zcash
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Zcash.
- Compare cryptocurrency exchanges that support ZEC.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Zcash.
- Buy Zcash.
Complete your Zcash purchase and then find the best wallet to store ZEC.
What to consider when buying ZcashZEC uses a zero-knowledge cryptography, known as zk-SNARK (zero-knowledge Succinct Non-interactive Arguments of Knowledge), 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 sender, recipient and amount transferred private. In addition to this, you should consider the points below if you want to buy ZEC:
- Use — ZEC is a peer-to-peer cryptocurrency which uses zero-knowledge cryptography. While transaction payments are visible on the public blockchain, participants and amounts are hidden.
- 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 with 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.
Recent Zcash developments
How to sell Zcash
You can cash out your ZEC with the same exchange you bought it through:
- Sign in to the exchange you have ZEC on.
If you store your Zcash in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of ZEC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Zcash.
Disclaimer: Cryptocurrencies, including Zcash, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ZEC 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 Zcash or any other cryptocurrency discussed.
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