The popularity of cryptocurrencies and the rapid development of cryptography is largely due to the high degree of transaction protection and the anonymity of users of cryptocurrency platforms.
It is worth mentioning right away that “high” does not mean “absolute”. Any electronic trace will necessarily lead to the one who left it, the only question is how much time and other resources will be needed to establish the identity of any network user and how expedient these costs are.
What Is Zcash?
Zcash (ZEC) is a cryptocurrency in the TOP-5 cryptoassets with the highest level of confidentiality, along with Monero and Dash. It is also included in the TOP-20 largest cryptocurrencies.
Zcash was one of the first cryptocurrency projects that offered its users additional options for maintaining anonymity on the network. This coin is fundamentally different from most cryptocurrencies. Yes, they are positioned as anonymous, but this anonymity is very relative, since all transactions are recorded in the blockchain and remain in the public domain forever.
Zcash was launched in 2016 and introduced “shielded addresses” to encrypt address data and transactions recorded on its blockchain.
In doing so, Zcash gives users the ability to choose between transparent addresses that will be visible on the blockchain and invisible, escaped addresses.
Transactions between both types of addresses are possible on the network, although such actions require additional confidentiality measures.
How to Buy Zcash
There are as many reasons for buying ZEC as for and for any other digital currency:
- Complement the investment portfolio.
- Use as a means of payment.
- Use as an intermediary currency for fast money transfers.
- For long-term trading in the cryptocurrency market.
Among the easiest and most reliable ways to buy ZEC is to exchange fiat or digital money on a cryptocurrency exchange. ZEC is a fairly popular coin and is available on almost all major exchanges.
When choosing a site, it is worth comparing the level of security, trading volume, reputation of exchanges, the size and structure of commissions, the choice of the proposed forms of payment.
When you decide on a suitable site, you will need to register and, if necessary, verify your identity. On many custodian sites, both procedures are required; on some, some of the functions are available without identity confirmation.
When you fulfill all the requirements, you can replenish the deposit and start trading.
Since the disclosure of personal data is somewhat contrary to the principles of confidentiality of the crypto world, you can go the other way and use the services of an instant exchange service, where registration is not needed. If you are satisfied with the course of the coin you are interested in, given on the page https://letsexchange.io/exchange-rates, you can safely get down to work. The purchase algorithm looks like this:
- Open exchange widget;
- In the upper field, select a coin for sale and indicate the amount of the transaction;
- In the lower field, select the ZEC to buy;
- Indicate the address of your crypto wallet;
- Deposit coins.
Analysis of the current market situation, search for sites, comparison of exchange rates and other parameters of the transaction is performed by the smart search system. Ultimately, she offers the best deal available. The transaction and the crediting of the purchased coins to the wallet are performed automatically.
How to Convert ZEC to Another Coin
If you need to exchange ZEC to ADA or another coin, follow the same algorithm. Only in this case, ZEC must be indicated in the sales field.
Direct exchange of 60,000+ trading pairs is available on the LetsExchange trading platform. You do not have to waste time looking for such opportunities or conduct two consecutive transactions using an intermediary coin.
