{"id":1232,"date":"2024-03-14T14:30:13","date_gmt":"2024-03-14T13:30:13","guid":{"rendered":"https:\/\/wp.simplecoin.eu\/?p=1232"},"modified":"2024-03-27T09:56:11","modified_gmt":"2024-03-27T08:56:11","slug":"zcash-zec-what-is-it-how-to-buy-price-chart","status":"publish","type":"post","link":"https:\/\/wp.simplecoin.eu\/?p=1232&lang=en","title":{"rendered":"ZCash (ZEC) &#8211; What is it, how to buy, price chart"},"content":{"rendered":"\n<h2>What is Zcash:<\/h2>\n\n\n\n<p>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&#8217;Hearn.<\/p>\n\n\n\n<h2>Why buy Zcash?<\/h2>\n\n\n\n<ul><li><strong>Anonymity: <\/strong>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 <a href=\"https:\/\/www.blockchain.com\/explorer\/assets\/zec\" target=\"_blank\" rel=\"noreferrer noopener\">blockchain<\/a>.<\/li><li><strong>Deflationary currency<\/strong>: only 21 million Zcash coins will be mined (same as BTC). They are created by a proof of work (PoW) mechanism.<\/li><li><strong>Decentralization:<\/strong> Cryptocurrency is highly decentralized<\/li><\/ul>\n\n\n\n<h2>The anonymity of Zcash<\/h2>\n\n\n\n<p>Zcash uses two types of addresses. Transparent addresses, starting with the letter T (transparent) and shielded Z addresses.<\/p>\n\n\n\n<p>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 &#8211; you also can&#8217;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.<\/p>\n\n\n\n<p>Zcash perfectly suits individuals who prefer privacy in their transactions and don&#8217;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.<\/p>\n\n\n\n<h2>Investing in Zcash:<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2>The most successful investment strategies<\/h2>\n\n\n\n<p>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&#8217;t have to watch the market, and you don&#8217;t succumb to the emotions of the FOMO effect.<\/p>\n\n\n\n<h2>Buying and selling Zcash:<\/h2>\n\n\n\n<p>Zcash can be bought and sold for Czech crowns with a convenient bank transfer at the <a href=\"https:\/\/www.simplecoin.eu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Simplecoin exchange<\/a>.<\/p>\n\n\n\n<h2>What I need to buy Zcash<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>We can recommend the <a href=\"https:\/\/coinomi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinomi wallet<\/a>, which can be downloaded to iOS, Android and PC via the official site <a href=\"https:\/\/coinomi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>. However, you cannot use secure Z addresses through Coinomi. This feature is offered, for example, by the <a rel=\"noreferrer noopener\" href=\"https:\/\/nighthawkwallet.com\/\" target=\"_blank\">Nighthawk wallet<\/a>.<\/p>\n\n\n\n<h2>How to buy Zcash<\/h2>\n\n\n\n<p>To buy Zcash on the <a href=\"https:\/\/www.simplecoin.eu\/\">Simplecoin exchange<\/a>, 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 <a href=\"https:\/\/www.simplecoin.eu\/cs\/how-to-get-started\">here<\/a>.<\/p>\n\n\n\n<h2>Zcash chart<\/h2>\n\n\n\n<h2>Learn more about Zcash:<\/h2>\n\n\n\n<ul><li>Website: <a href=\"https:\/\/z.cash\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/z.cash\/<\/a><\/li><li>Wikipedia:<a href=\"https:\/\/cs.wikipedia.org\/wiki\/Zcash\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/cs.wikipedia.org\/wiki\/Zcash<\/a><\/li><li>Block Explorer: <a href=\"https:\/\/zcashblockexplorer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/zcashblockexplorer.com\/<\/a><\/li><\/ul>\n\n\n\n<h2>A signpost to other cryptocurrencies:<\/h2>\n\n\n\n<ul><li><a href=\"https:\/\/www.simplecoin.eu\/post\/bitcoin-btc-what-is-it-how-to-buy-price-chart\"><strong>Bitcoin (BTC)&nbsp;<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/ethereum-eth-what-is-it-how-to-buy-price-chart\"><strong>Ethereum (ETH)<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/litecoin-ltc-what-is-it-how-to-buy-price-chart\"><strong>Litecoin (LTC)&nbsp;<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/dogecoin-doge-what-is-it-how-to-buy-price-chart\"><strong>Dogecoin (DOGE)&nbsp;<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/ripple-xrp-what-is-it-how-to-buy-price-chart%ef%bf%bc%ef%bf%bc\"><strong>Ripple (XRP)<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/bitcoin-cash-bch-what-is-it-how-to-buy-price-chart\"><strong>Bitcoin Cash (BCH)&nbsp;<\/strong><\/a><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/usd-coin-usdc-what-is-it-how-to-buy-price-chart\"><strong>USD Coin (USDC)<\/strong><\/a><strong>&nbsp;<\/strong><\/li><li><a href=\"https:\/\/www.simplecoin.eu\/post\/zcash-zec-what-is-it-how-to-buy-price-chart\"><strong>Zcash (ZEC)<\/strong><\/a><\/li><\/ul>\n\n\n\n<p>Important Notice:<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>110<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[136,53],"_links":{"self":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1232"}],"collection":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1232"}],"version-history":[{"count":2,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1232\/revisions"}],"predecessor-version":[{"id":1253,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1232\/revisions\/1253"}],"wp:attachment":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}