ZCash (ZEC) – What is it, how to buy, price chart

What is Zcash:

Zcash (ZEC) is a decentralized open-source cryptocurrency aimed at protecting user privacy. It was created in 2016 by splitting from Bitcoin (BTC) to improve its anonymous features. Its founder is Zooko Wilcox-O’Hearn.

Why buy Zcash?

• Anonymity: For each transaction, a feature can be turned on that hides the amount of the transaction and the recipient. This feature is optional. When turned off, transactions and amounts can be traced in the blockchain.
• Deflationary currency: only 21 million Zcash coins will be mined (same as BTC). They are created by a proof of work (PoW) mechanism.
• Decentralization: Cryptocurrency is highly decentralized

The anonymity of Zcash

Zcash uses two types of addresses. Transparent addresses, starting with the letter T (transparent) and shielded Z addresses.

Information about T addresses is traceable in the blockchain, but for shielded addresses, you are unable to see any transactions that have been sent to them – you also can’t see how many resources a z-address contains or where it was sent. Zcash ranks alongside Monero as one of the most anonymous cryptocurrencies on the market.

Zcash perfectly suits individuals who prefer privacy in their transactions and don’t want their details to go viral. Access to data is kept secret from prying eyes. You can buy Zcash from us without registration and without KYC (identity verification). However, the purchase will be made using a T address.

Investing in Zcash:

Zcash is a volatile asset whose price can fluctuate sharply. This makes it both a risky investment and a potentially profitable one. If you are considering investing in Zcash, it is important to do your own research and consider your risks.

The most successful investment strategies

The most successful investment strategy is DCA (dollar cost averaging) where you buy regularly, on an ongoing basis for smaller amounts. This minimizes the risk of volatility, you don’t have to watch the market, and you don’t succumb to the emotions of the FOMO effect.

Buying and selling Zcash:

Zcash can be bought and sold for Czech crowns with a convenient bank transfer at the Simplecoin exchange.

What I need to buy Zcash

A Zcash wallet is required to hold (store) Zcash. This will give you control over your coins and no one can confiscate them as long as you have a backup to the wallet.

We can recommend the Coinomi wallet, which can be downloaded to iOS, Android and PC via the official site here. However, you cannot use secure Z addresses through Coinomi. This feature is offered, for example, by the Nighthawk wallet.

How to buy Zcash

To buy Zcash on the Simplecoin exchange, you only need a Zcash wallet. After that, you can already buy up to 200 Euros in 10 days anonymously without registration. For a higher investment, you need to upload two identity documents. Details can be found here.

Zcash chart

Learn more about Zcash:

• Website: https://z.cash/
• Wikipedia:https://cs.wikipedia.org/wiki/Zcash
• Block Explorer: https://zcashblockexplorer.com/

A signpost to other cryptocurrencies:

• Bitcoin (BTC) 
• Ethereum (ETH)
• Litecoin (LTC) 
• Dogecoin (DOGE) 
• Ripple (XRP)
• Bitcoin Cash (BCH) 
• USD Coin (USDC) 
• Zcash (ZEC)

Important Notice:

This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.