Zcash ‘was born’ in October of 2016 as a real alternative to Bitcoin that takes care above all the privacy of the users. Zcash was born after the Zerocoin project. In the beginning, it started as a cryptographic anonymity layer for Bitcoin but finally, it ended up becoming a totally independent cryptocurrency and whose value follows a constant upward trend. Let’s figure out what it is with our fresh Zcash review.
Table of contents:
1 What is Zcash?
2 Zcash: some useful facts
3 Where to store Zcash?
4 Is it possible to buys Zcash with credit card?
5 Wrapping Up
What is Zcash?
Zcash in 2019 is undoubtedly one of the tokens preferred by investors. This is largely due to the privacy and anonymity it offers in their transactions. The Zcash currency automatically conceals the identities of issuers and receivers when making any type of transaction through their network. Only those who have a unique visualization key will be able to see the content of transactions and transactions.
This is possible thanks to the use of an algorithm called ZK-SNARK zero-knowledge proofs. This very special feature has made even well-known personalities in the world of privacy and anonymity like Edward Snowden speak quite well of the Zcash project.
Zcash: some useful facts
This cryptocurrency is fully decentralized and open-source.
• Knowledge test zero (ZK-SNARK). The transactions are fully armored. They hide both senders, receiver and the value of the transaction. This brings great confidentiality and anonymity to all transactions.
• New applications. Thanks to its novel zero-knowledge protocol, it will allow the creation of completely new blockchain applications.
• It is a fungible cryptocurrency. The cryptocurrency units should not bear any relation to their past history so that any unit is as good as any other of the past.
• Established monetary base. The monetary base of Zcash will be the same as in Bitcoin, 21 million units of coins available.
• Great teamwork. Behind the Zcash project, there is a large team of scientists, engineers, and advisors from ZECC.
Where to store Zcash?
There are several types of wallets available to use and store or operate with Zcash. Try to avoid questionable Zcash scam wallets in order to save your money.
Excellent web wallet that allows you to store, send and receive Zcash (ZEC). This wallet stands out for its low commissions and a wide range of supported cryptocurrencies.
Very secure hardware wallet to operate and store Zcash. Do not worry about theft and hacking using Ledger Wallet. Two models available, Ledger Wallet Nano S and Ledger Wallet Blue.
TREZOR wallet is a fully portable hardware wallet that will allow you to store and transact with Zcash and many other cryptocurrencies in a totally secure manner.
The official client of Zcash. Its installation and configuration is something advanced for someone without experience. It allows you to operate privately and anonymously.
It depends on the applications or wallets you use to operate, your transactions will be private and anonymous or public as in Bitcoin for example. To operate privately and anonymously, you must use the official Zcash client since the web wallets and hardware only operates with transparent addresses. If your address starts with the letter ‘t’ your transaction will be transparent and public. If on the contrary, it begins with the letter ‘z’ it will be completely anonymous and private.
Is it possible to buy Zcash with credit card?
There are thousands of Zcash reviews, but it seems like they have a lack of information about this subject. Unfortunately, it is not possible to acquire Zcash directly by credit card at least today. On the other hand, there are many exchange platforms that allow you to buy ZEC in exchange for Bitcoin or Ethereum. If you want to acquire Zcash (ZEC) personally we can recommend you use the Binance exchange platform. Its low commissions and the great variety of supported cryptocurrencies make it one of the most popular platforms and used by users at present.
As I said before, to acquire Zcash you must have Bitcoin or Ethereum. Personally, I advise Ethereum due to its low fees and transaction speed.
Best sites to get Zcash
If you are looking to invest and operate through Zcash, one of the few platforms (or I think the only one) that allows it to do so is IQ Option. One of the largest and most popular investments and online trading platforms.
More than 20 years of experience in the financial market and online trading. Minimum deposit $ | € 100. It allows operating with ZCash, Bitcoin, Bitcoin Cash, Ethereum, Litecoin and many more.
Popular online trading platform. Minimum deposit $ 10. It allows operating with Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, Dash, Ethereum Classic, Monero, OmiseGo, Zcash, TRON, IOTA.
As you may have read, the minimum investment is $ 10 only. It is a quite affordable figure for any pocket. If you want to just try and start in this world of investments in cryptocurrencies, IQ Option is your ideal platform.
An excellent coin with an interesting project behind. Privacy and anonymity is something very requested and demanded by users, especially in the online world and Zcash is the best offer currently for this demand. The value of this cryptocurrency since it entered the market has not stopped rising gradually and steadily. If you have the opportunity to see a graph you can see the bullish progression continues.