Thinking of making a calculated investment by purchasing Zcash? Well, there are a number of ways in which you can buy ZEC. Here are a few ways in which you can initiate the same.
Essentially, there is no direct way in which you can buy Zcash using your credit/debit card or PayPal. You have to first buy Bitcoin and exchange it for Zcash. However, there is one major exception to this and the credit goes to VirWoX. VirWoX is a cryptocurrency exchange that caters to different virtual currencies and allows you to purchase Zcash using Credit or Debit Card or simply PayPal.
All you need to do is open a VirWoX account. Once you click on the 'deposit' button, you will be provided with the credit or debit card option or simply PayPal.
You can enter the transaction amount, choose the desired payment process and click on the "Checkout" option. If you have chosen PayPal, you will be redirected to the PayPal site where you will have to log in to your PayPal account and make the appropriate payment. If you are choosing a card as your desired option, you can very well choose from American Express, Visa Card, Master Card, Diners or Moneyback according to your credit card account.
This site also adds a number of other payment methods such as Paysafe Card, Sofort banking, Neteller, UKASH and the like. Once your payment has been confirmed, you will be directed back to VirWoX's homepage, where you can click on the mentioned link that will provide you with the options of trade paring for your currency, such as USD/SLL, EUR/SLL, or GBP/SLL. You have to initially convert your currency (which you have deposited) to Linden Dollars before you go ahead and purchase Zcash.
You can either choose the market trade option or simply go for the limit trade. By agreeing to trade at the so-called 'market trade price', you confirm that you will be exchanging your selected currency for the highest rate of Linden Dollars that the last bidder has already agreed for. But if you can only buy at a certain price, then opt for the 'limit trade'. Once you have exchanged your currency for Linden Dollars or SLL, you can now buy Bitcoin by opting for the BTC/SLL trading pair.
After buying BTC, transfer it from your VirWoX account to your Bitcoin wallet. Click on the 'Withdrawal' link underneath 'My Accounts'. Specify the BTC amount that you wish to withdraw along with your wallet address. If your VirWoX has been newly opened, the transfer may take up to 2 days. With your Bitcoin earnings, now you can proceed to make your ZEC transactions from exchanges such as Shapeshift and Poloneix. Now that you have successfully purchased Zcash and transfered it into the wallet, it’s time to take a look at Zcash mining too. You can make profits by opting for Zcash mining and solving a few puzzles. You can earn more Zcash blocks, which will then be added into you Zcash blockchain ledger.