Buy ZCash: A Comprehensive Guide on How to Buy ZEC – Best Exchanges & Brokers

ZCash, a leading privacy-focused cryptocurrency, has gained significant popularity since its launch. Its emphasis on secure and private transactions appeals to a wide range of investors. We’ll guide you through simple, fast, and secure ways to buy and store ZCash. For convenience, we recommend Coinbase as the best platform to buy ZCash. Why Coinbase?

The following table explains why Coinbase is the best choice for buying ZCash.

Exchange
Rating
Fees	0,15%	0,10%	0,99%	1,5%	1%	1%
Cost per $1,000	$1,50	$1	$9,90	$14,90	$10,00	$10,00
Cost per $100,000	$150	$100	$990	$1,500	$1,000	$1,000
Transfer to external wallet
Security
Details	Trusted by BlackRock	Super low fees	Big portfolio	Secure but expansive	Fast verification	Variety of Memecoins
Link	Coinbase	Binance	Kraken	Bitpanda	Anycoin	ByBit

Buy ZCash on Coinbase

Coinbase is a regulated crypto custodian with licenses around the world, ensuring it meets high security standards and is supervised by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase with the custody of Bitcoin for its Bitcoin ETFs. This demonstrates the exceptional security Coinbase provides.

While you have the flexibility to use external wallets, Coinbase offers a highly secure environment for storing your ZCash. Unlike some platforms that impose delays on withdrawals, Coinbase processes them instantly, giving you quick access to your funds.

Cost-effectiveness is another key advantage. Coinbase’s fees are highly competitive, with a rate of 0.15%, which is much lower than the industry average. To put it into perspective, Bison, a provider affiliated with the German stock exchange, charges a steep 1.5% for crypto transactions.

Coinbase prioritizes user security with features like two-factor authentication, adding an extra layer of protection to your account. They also offer customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

The platform itself is designed with user-friendliness in mind. Its intuitive interface caters to both novice and experienced traders. With dedicated apps for Android and iOS, you can manage your ZCash portfolio and execute trades easily from anywhere.

Coinbase is one of the most popular and user-friendly platforms to buy ZCash (ZEC). Here’s how you can buy ZCash easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can start buying ZCash, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You’ll need to enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires you to verify your identity to comply with regulatory requirements. You’ll need to upload a government-issued ID and provide personal details like your address and date of birth. This process may take just a few minutes.

Step 3: Add a Payment Method

To buy ZCash, you need to link a payment method. Coinbase supports several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees are typically higher than bank transfers.
• PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy ZCash

Once your account is set up and your payment method is linked, you’re ready to buy ZCash!

1. On the Coinbase dashboard, navigate to the “Buy/Sell” section.
2. Select ZCash (ZEC) from the list of available cryptocurrencies.
3. Enter the amount of ZCash you wish to purchase, either in your local currency (e.g., USD, EUR) or ZEC.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your ZCash Securely

After purchasing ZCash, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your ZCash to a personal wallet (such as a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

Benefits of Buying ZCash on Coinbase:

• User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for beginners to navigate.
• High Security: Coinbase uses industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
• Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy ZCash on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, renowned for its high security and user-friendly platform. Until recently (May 2019), it was not possible to directly buy ZCash using Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase ZCash with a credit card or trade ZCash using other cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. While not mandatory, completing the verification process allows you to increase your daily withdrawal limit to 100 BTC or ZCash (ZEC). Without verification, the daily limit is 2 BTC/ZEC, but you can still access all other platform features.

Step 2: Buy ZCash with a Credit Card

To buy ZCash via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose ZCash (ZEC) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

• ZCash Price Fluctuation: The ZCash amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
• Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
• Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade ZCash on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for ZCash (ZEC). Here’s how to exchange Ethereum (ETH) for ZCash (ZEC):

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. During the purchase process, simply provide your Binance Ethereum wallet address so Litebit can transfer the ETH to Binance immediately after the transaction is complete.
2. Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
4. Exchange Ethereum for ZCash: Once your Ethereum has arrived in your Binance account, you can trade it for ZCash by going to the “Markets” tab, selecting “ETH/ZEC,” and placing an order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
• Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy ZCash on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, highlighting the extremely high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a highly secure environment for storing your ZCash. Unlike some platforms, Kraken processes withdrawals swiftly, allowing you to access your funds promptly.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered manner, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also offers customer support that typically responds quickly, providing assistance whenever needed.

Kraken is designed to be user-friendly, accommodating both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, enabling you to manage your ZCash portfolio and execute trades conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy ZCash (ZEC). Here’s how you can buy ZCash securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying ZCash, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy ZCash, you must link a payment method. Kraken supports several payment options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy ZCash

Once your account is set up and a payment method is linked, you’re ready to buy ZCash!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select ZCash (ZEC) from the list of cryptocurrencies.
• Enter the amount of ZCash you’d like to purchase, either in your local currency (e.g., USD, EUR) or in ZEC.
• Choose your payment method (e.g., bank account, debit card).
• Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your ZCash Securely

After purchasing ZCash, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your ZCash to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying ZCash on Kraken:

• User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
• High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy ZCash on Kriptomat

About Kriptomat

Kriptomat is a relatively new but trustworthy crypto exchange, allowing users to buy over 30 cryptocurrencies directly with Euro, USD, and more. It’s important to note that trading on Kriptomat is currently restricted to Europe, so investors from the USA are not permitted to use the platform.
Kriptomat focuses on an easy-to-use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore, Kriptomat is especially recommended for beginners! With two licenses from the Estonian government, Kriptomat ensures regulatory compliance.

Kriptomat also has a major advantage: its fees. Unlike other exchanges and brokers, Kriptomat doesn’t charge a price premium. The purchase price corresponds to the spot price of ZCash. The platform only charges a nominal fee for each transaction, and these fees are always clearly displayed during the order creation process.

Set up a ZCash account on Kriptomat

First of all, you should know that Kriptomat adheres closely to the legal requirements of the European Union and therefore requires complete verification of your identity. In order to buy ZCash on Kriptomat, you first need to create an account. To do so, visit the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you must enter your first and last name, email address, and create a password for the exchange.

Kriptomat will then send you an email with a confirmation link. By clicking on the link, you verify your account. Once you’ve done this, you can log in to your Kriptomat account with the credentials you just entered. However, at this point, you are not yet finished with the registration.

Before you can buy ZCash and use other features of the exchange, you need to enter and verify your phone number. Kriptomat will send you an SMS containing a verification code that you’ll need to enter on the website. The registration process is still not complete. Due to strict EU guidelines, you will need to reveal your full identity. To start this process, simply click on the corresponding prompt (see screenshot).

Buying ZCash on Kriptomat is simple. First, go to the “Buy/Sell” tab, then select “Buy.” Next, select ZCash from the available options.

You can choose from four different payment methods:

• SEPA bank transfer (requires adding your bank account)
• Credit card
• Neteller
• Skrill

In the fourth step (see screenshot) you only have to enter your purchase amount for Zcash (ZEC). After you click on “Buy ZCash” you will see the transaction fees for the order. To finalize the purchase, you must click “Confirm transaction”.

Once you select your payment method, enter the amount of ZCash you want to buy, and confirm the transaction. Your ZCash will be displayed in the “My Wallet” section shortly after the purchase is complete. A good summary of the purchase process is also provided in the following video tutorial:

Buy ZCash at Anycoin

Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell ZCash (ZEC) and other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a straightforward and clean platform, making it easy for new users to start trading and for more experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies including ZCash (ZEC), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, allowing you to diversify your portfolio easily.
3. High Security Standards: Security is a priority for Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your crypto holdings are safe from external threats.
4. Low Fees: Anycoin aims to provide competitive fees for trading and transactions, making it an attractive option for those looking to minimize costs while trading digital assets.
5. Multiple Payment Methods: Users can purchase cryptocurrencies using various payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to purchase cryptocurrencies without long delays. This quick access to funds is a major benefit for those who need to act fast in the market.
7. Support for Wallets: While Anycoin provides its own wallet to store your crypto assets, it’s also recommended to use your own personal wallet for added security. This can include hardware wallets or other types of secure storage.
8. Dedicated Customer Support: Anycoin offers customer support, providing assistance with any issues or inquiries that might arise during your experience on the platform.
9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

How to Buy ZCash on Anycoin:

1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin will ask you to complete a verification process to comply with regulatory requirements. This may involve submitting a government-issued ID and some personal information.
3. Link a Payment Method: To buy ZCash, link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select ZCash, and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
5. Store Your ZCash Securely: After buying ZCash, it will be stored in your Anycoin wallet. However, for extra security, it’s recommended to transfer your crypto to a personal wallet (e.g., a hardware wallet) for safe storage.

Benefits of Using Anycoin:

• Simple and Easy to Use: With its user-friendly interface, Anycoin makes cryptocurrency trading accessible to everyone, including beginners.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help ensure your funds are safe.
• Variety of Cryptocurrencies: You can easily buy ZCash and other major cryptocurrencies on Anycoin.
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for crypto trading.
• Quick Transactions: The platform processes transactions quickly, providing fast access to your purchased assets.

Buy ZCash at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as ZCash (ZEC), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraging trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those looking for long-term positions.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, this also comes with higher risks, and it’s important to use leverage cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design helps users navigate the various trading tools easily.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover any potential losses during extreme market conditions. These measures help ensure the safety of user funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go. The mobile apps have many of the same features as the desktop platform, providing flexibility for traders who need to stay connected to the markets at all times.
7. Fast Transactions: Bybit offers quick and seamless transactions, with order execution speeds often cited as one of the fastest in the industry. This ensures that trades are executed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way for traders to earn additional income while growing the community.
9. Customer Support: Bybit provides 24/7 customer support to help users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is readily available.

How to Buy ZCash on Bybit:

1. 1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you will receive a verification email to activate your account.
   2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This can involve uploading a government-issued ID and some personal information to verify your identity.
   3. Deposit Funds: Once your account is set up, you need to fund your account. Bybit supports deposits in several cryptocurrencies, including Bitcoin, Ethereum, and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet. 4. Buy ZCash: To buy ZCash on Bybit:
      • • Navigate to the “Spot” trading section on the platform.
        • Select ZCash (ZEC) as the cryptocurrency you wish to purchase.
        • Choose your trading pair (e.g., ZEC/USDT).
        • Enter the amount you want to buy and review the transaction details.
        • Confirm the purchase to complete the transaction.

      5. Store Your ZCash: After purchasing ZCash, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your ZCash to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets.
• Fast Execution and High Liquidity: The platform provides fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund.
• Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
• Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to help resolve any issues or concerns quickly.

Best ZCash Wallet: Electrum

When using a desktop wallet, we have had very good experiences with the ZCash Electrum Wallet. We will show you briefly how to download and use it. First, go to the official site and download the wallet (click!). If you click on the link you will get to the website where you can download the wallet. Scroll down a bit and then click on the button “Download Electrum“.

Now you will land on a page where you have to choose the appropriate wallet for your operating system. If you are using Windows, you will need to download the Wallet version for Windows. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for Android, you need to select this installer accordingly:

When the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click on “Install”. The installation should not take longer than 2 minutes. When the installation is complete, click “Close”.

Congratulations: the wallet is installed. Now you start the ZCash Electrum Wallet by double-clicking the Electrum icon on the desktop. First, the software will ask you how you want to connect to a server. As a beginner, we recommend that you select “Auto connect” at this point.

The Electrum software will then detect that you have not yet created a wallet. At this point, you simply have to click “Continue” and can give the wallet another name if necessary. Then you have the possibility to set up different types of wallets. If you feel that setting up the wallet till now is difficult, we recommend that you choose the “Standard wallet” at this point at the beginning. The wallet in the standard version is completely free of charge and works very well.

Otherwise, it is safer to create a “Wallet with two-factor authentication“. You’ll need a smartphone and the Google Authenticator app, which you can find on the App Store and Google Playstore. If you want to use the wallet with two-factor authentication, it also costs some money. You must decide for yourself whether you want to invest that money or not. We can just recommend you to do it because it increases the safety of your wallet by a lot.

If you have now clicked on “Next”, a new seed must be generated. The seed also depends on the address form. We recommend the “Segwit” setting, as this is the most common address form compared to the old format. Then you’ll see your seed. This is a bunch of 12 words, which is your key to the wallet if you lose your password or your computer breaks down. Therefore it is extremely important that you note down the seed somewhere safe, preferably on a piece of paper which you keep safe.

In the next step you will be asked to enter the seed again. If you have also done so successfully, Electrum will ask you to create password. The longer, the better. Also remember to use numbers and special characters. You will use the password every time you open the wallet. Therefore also keep the password safe.

Now you are ready for the actual user interface of the Electrum Wallet. The “Receiving Address” you had to enter at Litebit can be found in the upper right corner under the column “Receive“. You have to copy this address and enter it at Litebit, or another ZCash exchange, as “Receiving Address”. Once you have entered the receiving address of the ZCash Electrum Wallet, all you have to do is select a payment method for Litebit and then click “buy”. In general, the transaction should be credited to your wallet within 24 hours.

If you have any questions, feel free to write us a comment, we will be happy to help you!