Zcash or ZEC, first launched in October 2016, is also based on the blockchain network like other cryptocurrencies such as Bitcoin and Ethereum. It is a fork on the core Bitcoin platform and focuses on user privacy. There are a number of ways in which you can exchange Zcash. Listed below are some of the basic methods:
Exchange Bitcoins or Ether from ZEC
The best way to buy Zcash is to exchange your ZEC for Bitcoins or BTC. You can buy Ether or Bitcoin from any of the local exchanges before sending it to an international exchange. You can also look for quite a few exchanges where you can exchange your Bitcoins or Ether for Zcash (ZEC). These famous exchanges are HitBTC, Kraken, Poloniex, Bitfinex, OKcoin, Bittrix, and so on.
Sites That Support Coin Conversion
Yet another way in which you can convert your coins is through ShapeShift. But before you start using ShapeShift, make sure you have installed a registered Zcash (ZEC) wallet where you can receive all your Zcash currency.
This technique is another reliable path for Zcash (ZEC) exchange since it allows the clients to exchange Zcash (ZEC) with a long list of other cryptographic money. There are more than five hundred digital currencies in the market. Along these lines, you can go ahead and change your Bitcoin (BTC) or Ether (ETH) into an extensive variety of coins.
ShapeShift is the reliable website that allows the users to convert Zcash with any of the other crypto tokens. The feature is the same as the exchange platform Changelly except that it levies lofty charges. You do not need to verify your identity on ShapeShift to initiate an exchange.
Changelley is also a reliable site that supports ZEC purchase. It allows the users to initiate exchanges or transfers in the fastest possible manner, when compared to other sites. Like ShapeShift, it does not require a verification for ZEC trading. It was launched by Miner Gate in 2013 and comprises of a user – friendly interface. It levies a minimum transaction charge of 0.5% and supports US Dollars and Euros.
Buying Zcash (ZEC) via Credit/Debit Cards using Fiat Currencies
There are a few exchanges which allow users to buy Zcash using their debit or credit cards. These exchanges are
• BitPanda • CoinMama • Coinbase • Indacoin
Before you go ahead and buy ZEC using your Credit Card, do ensure that you have carefully read about the transactional fees.
When you have successfully exchanged Zcash, the first thing you should do is, transfer your digital coins to your Zcash wallets, which are available online. Once you have set up your Zcash wallet, you can start Zcash mining to make profits on a daily basis.
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