How to buy, sell & trade ZCash (ZEC) in Australia
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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How to buy Zcash
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Zcash.
- Open an account on an exchange that supports ZEC.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- 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 is Zcash?
Zcash (ZEC) is a decentralised open-source cryptocurrency that offers transaction privacy through the use of zero-knowledge cryptography. This means that every transaction is shielded, and it hides 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.
Zcash (ZEC) is the 74th largest cryptocurrency in the world by market cap, valued at $1,183,842,388. The current price of Zcash is $104.29, which is -3.195% lower than yesterday. Prices have ranged between $109.62 and $104.06 over the past 24 hours. All prices are listed in US dollars and accurate as of July 30, 2021 08:07 UTC.
Where to buy ZcashFind 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.
Zcash at a glance
|Total ZEC supply||21,000,000|
|All time high||US$3,191.93|
Zcash price performance over time
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.
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.
Coins similar to Zcash (ZEC)
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