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5 “Best” Exchanges to Buy Zcash (December 2022)

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Zcash (ZEC) is a popular cryptocurrency and decentralized blockchain. The network is known for its focus on privacy. Zcash was the first coin to provide true anonymity on a public blockchain. This peer-to-peer network incorporates a combination of strategies to remain valuable including a capped supply, privacy options, and fungibility. To learn more visit our Investing in Zcash guide.

We list the top 5 exchanges that offer the ability to buy Zcash (ZEC) with a credit card or debit card.

1. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

From humble beginnings, Kraken now offers over 200 digital assets including Zcash (ZEC). For more sophisticated investors Kraken also offers futures and margin trading.

Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Users can also earn up to 23% in rewards annually by staking select digital assets.

Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)

Read our Kraken Review or visit Kraken.

2. Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Zcash (ZEC) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.

This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally.  USA residents are prohibited from purchasing most tokens.

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

3. KuCoin

KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading.  It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.

KuCoin currently offers Zcash (ZEC) cryptocurrency trading as well as over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.

This exchange currently accepts USA residents.

Read our KuCoin Review or visit KuCoin.

4. Huobi Global

Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.

Huobi Global is one of the top exchanges that currently offers Zcash (ZEC) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.

5. WazirX (INDIA Only)

WazirX is India’s biggest cryptocurrency exchange with over 400,000 users and they are expanding rapidly. They are one of the most reputable exchanges that currently offers Zcash (ZEC) trading opportunities and they currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.

USA residents are prohibited.

Read our WazirX review or visit WazirX

What is Zcash (ZEC)?

Zcash is a decentralized cryptocurrency which was established in October 2016 in response to demands from users to have tokens with additional privacy features.   This is why this digital currency is widely recognized as one of the most popular privacy coins.

What does it do?

Zcash is a cryptocurrency used for payments, it enables users to efficiently transfer value while maintaining privacy and security. It’s main use case is to provide anonymity for its users and their transactions. This is done by by using  a zero-knowledge proofs (zk-SNARKs) to validate and authenticate transactions.

This is commonly used as an alternative to Monero another popular privacy based cryptocurrency.

How does Zcash work?

Much like many other popular cryptocurrencies, Zcash is a payment cryptocurrency but with a special emphasis on anonymity and uses zk-SNARKs to authenticate transactions.

The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

Acceptance and Controversies?

Due to the nature of Zcash, there are various government entities that are attempting to reverse engineer the privacy features.  This may also cause the cryptocurrency to be delisted from certain exchanges due to the potential risk of losing their money transmitter or digital assets license, or potential pushback from the SEC.

Trading in Zcash may be considered risky due to the potential for the cryptocurrency to be delisted.

Regulation?

While the majority of countries have stayed silent on their view of Zcash, there are a select few which have spoken against its use.  The most prominent example of this is in Japan; As a result, various exchanges looking to maintain licensure in the nation have delisted Zcash and similar coins.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.