Step-by-step instructions on how to buy ZEC for Canadian dollars or cryptocurrency.
Zcash is a well-known cryptocurrency that trades using the ticker symbol ZEC . It uses the Equihash algorithm and Proof of Work for mining new coins, similar to Bitcoin mining.
Zcash was founded on 2016-10-28.
While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro. To learn how to buy Zcash / ZEC, scroll down to the “How to buy ZEC section”.
While Zcash is not Bitcoin, the most well-known cryptocurrency, it has a large community. When comparing Zcash to Bitcoin, you may notice the price change is significantly different. To see more about Zcash’s price, check out their CoinMarketCap page.
Zcash is a cryptocurrency known for its strong privacy features.
Gemini was the first licensed exchange to support Zcash trading.
Zcash supports two types of addresses: unshielded addresses (which start with ‘t’), and shielded addresses.
Shielded addresses are completely anonymous.
Gemini supports deposits from both unshielded and shielded addresses, but only supports withdrawals to unshielded addresses.
Zcash, like bitcoin, has a fixed total supply of 21 million units.
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There are now thousands of cryptocurrencies but not all of them make a good investment. Zcash, currently in the top 25 of all cryptocurrencies, brings promising new privacy features, potentially increasing its demand for both commercial and private use.
Zcash has only been with us for a few years, but it’s built on a mix of technology from the past decade (Bitcoin and Zerocoin) as well as cryptography technology dating back further but not often used, called zero-knowledge proofs. Despite the hype and speculation over illicit use, many cryptocurrencies aren’t very private at all.
Getting started with CoinGate takes no time.
Simply create an account, confirm your email
address and phone number, and you’re good to go. Unlike many other services these days, we take care
of our customers quickly and efficiently. Our ID verification procedure is as easy as it gets, and we’ll
approve your identity for your first purchase within 24 hours.
Once you’ve signed up, feel free to wander around the dashboard and get to know the CoinGate platform.
While waiting to get verified, you can add your Zcash address for future purchases immediately.
Confirm it by email and you’re set. Now, when your account is verified, go ahead and visit the buy menu,
where you can select your payment method of choice.
Making a Zcash purchase is quick and convenient. Select your payment method and amount you wish to buy,
denominated in fiat currency or in ZEC.