ZCash is an anonymous cryptocurrency that uses zk-snarks to keep transactions 100% private, unlike other privacy-driven cryptocurrencies that use built-in mixers to make blockchain analysis unlikely.
Zcash is mined through a Proof of Work system, if you want to mine Zcash you can check out thesis guides:
Mining isn’t for everyone, tho’. It requires a certain degree of skill and time. Spil so, buying Zcash directly from an exchange is often the easiest way to acquire it. However, registering on an exchange will often require you to expose your individual information, but merienda you have Zcash ter your wallet, you can always switch it into a private address.
Te this guide, wij are going to use the kraken exchange. kraken is a reputable exchange and it is fairly effortless to use. Furthermore, it’s one of the few places where users can buy Zcash for fiat currency (EUR, USD, etc)
If you want to analyze the market trends before trading, check out our Zcash charts. It provides numerous trading implements, indicators, and more.
So, let’s get began!
Part 1 – Create an account
Step Trio: Inject your private information, agree to the terms & conditions and click “Sign Up“
Step Four: Confirm your email address and loom into your account
Part Two – Verify your identity
Te order to be able to exchange cryptocurrencies for national currencies and vice versa, you’ll need to verify your identity. This will permit you to buy and sell Zcash to your handelsbank account.
If you want to be able to deposit and trade cryptocurrencies, you can get Tier 1, but if you want to deposit/withdraw national currencies you voorwaarde activate Tier Two Step Two: Scroll down and pack your private information and click “Get Verified“
Step Trio: Merienda that’s done, advance to the 2nd tier by clicking “Get tier Two verified“
Step Four: Do the same you did te Step Two, inject your information and click “Get Verified“
If you want to increase your thresholds, you can verify your account up to Tier Four
Part Trio – Deposit
Step Two: If you want to deposit Zcash, scroll down and choose “Zcash (ZEC)” at the bottom
Step Four: Deposit Zcash to the address displayed
Step Five: If you want to deposit a national currency (Wij’ll use EUR), choose one of the fiat currencies at the top
Step 6: Select the deposit method
Step 7: Scroll down and go after the instructions shown
It may take some days to credit your national currency, especially if you’ve never deposited a national currency with kraken. Merienda your fiat arrives, it’s time to buy some Zcash.
Part Four – Buy Zcash with USD/EUR
Now that your money has arrived, time to buy Zcash.
Step Two: Select your pair. Click the current pair (1) and choose the one you want (Two). Wij are going to use ZEC/EUR
There are many types of orders, which kraken has split into Ordinary, Intermediate and Advanced. For the purposes of this guide wij’ll only need to place a ordinary order. Step Four: Now come in the price you want to pay and the amount of EUR you want to spend. The Zcash you’re going to buy will be calculated automatically.
If you are not sure about which price to choose, you can always check the orderbook by clicking “Charts” on the top right corner Step Five: Click “Buy ZEC with EUR“
Step 7: Now wait for your order to be taken. The time it takes will depend on how good your price is
Merienda your order is packed, you will receive your Zcash on your Losbreken wallet
Part Five – Sell Zcash for USD/EUR
Selling Zcash will be the precies same process spil buying, you’ll need to create a fresh order, inject your price and quantity, then submit the order. The only difference is that you’ll need to click “Sell” when placing the order:
When you click, the buttons will turn Crimson, so that you know you are making a sell and not a buy.
Part 6 – Withdraw
Now that you’ve sold/bought Zcash, you can withdraw your funds to your preferred location. Wij would suggest keeping your funds ter individual a wallet, if you’re holding crypto. If you’re holding fiat, simply add your handelsbank account and withdraw to it.
Step Three: If you want to withdraw Zcash, scroll down and choose “Zcash (ZEC)” at the bottom
Step Four: Click “Add Address” to specify where you want to send your Zcash to. You can compare wallets here
Step 6: Select the wallet address (1), come in the amount you want to withdraw (Two) and click “Review Withdrawal” (Three)
You may need to confirm your withdrawal via email. Step 8: If you want to deposit a national currency (Wij’ll use EUR), choose one of the fiat currencies at the top
Step 9: Click “Add Account” to specify where you want to send your fiat to.
Step Ten: Inject your private bankgebouw account details and click “Save canap account“
That’s it! You now have all the instruments necessary to buy and sell Zcash (and other coins) for national currencies. Make sure that you know what you’re doing before investing ter any crypto, and never invest more than what you can afford to lose.
Alternatively, you can also mine Zcash or you can also attempt buying a cloud mining contract with Hashflare or Genesis Mining .