Discover how to buy Zcash (ZEC) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Zcash (ZEC) is currently at
$363.28
-$7.1900 (-1.98%)
Last updated on --.
How can I buy Zcash on OKX?
Whether you're new to crypto or an experienced trader, you can buy Zcash using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Zcash
Select Zcash and buy using your chosen method.
Step four
Receive your Zcash
Confirm your purchase and store your Zcash in your portfolio.
What's Zcash?
Zcash is a type of digital money, like an online version of cash, that helps keep your spending private. Imagine if you could buy something without anyone knowing what you bought or how much you spent. Zcash was created to give people more privacy when they use money online. It uses special technology to hide details of transactions, so only you and the person you're paying know the details.
How can I buy Zcash?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete identity verification by providing necessary documents. 3) Fund your account using a bank transfer or credit/debit card. 4) Once your account is funded, search for Zcash in the platform. 5) Place a buy order by entering the amount of Zcash you want to purchase and confirm the transaction. Your Zcash will appear in your OKX account.
Why do people buy Zcash?
People buy Zcash because it offers privacy in digital transactions, which is important for those who value confidentiality. It's used in various applications where privacy is crucial, like private donations or confidential business transactions. Zcash is part of a growing ecosystem that values privacy and security, making it relevant in industries that require these features. However, it's important to understand that privacy-focused cryptocurrencies can face regulatory scrutiny.
Things to know before buying Zcash in the United States
In the United States, cryptocurrencies like Zcash are legal, but you must comply with regulations. You'll need to complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when using platforms like OKX. Be aware that any gains from selling Zcash may be subject to capital gains tax. It's important to keep records of your transactions for tax purposes. Always stay informed about the latest regulations as they can change.
What are other ways to own Zcash?
You can obtain Zcash without buying it by participating in programs like airdrops, where free tokens are distributed to users. Some platforms offer Learn-and-Earn programs where you earn Zcash by completing educational tasks. You might also earn Zcash through staking or providing liquidity in certain networks, though these require technical knowledge and carry risks. Task-based reward programs, like referrals, can also offer Zcash as a reward.
How can I store my Zcash?
To keep your Zcash safe, you can use a custodial wallet, where a platform like OKX holds your coins, or a non-custodial wallet, where you control your coins. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep your recovery phrases safe. Use strong passwords and enable two-factor authentication to protect your account. Choose the storage option that balances security and convenience for you.
Why should I buy Zcash on OKX?
Learn more about the security measures keeping your Zcash safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Zcash (ZEC)
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See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Zcash
Take advantage of price fluctuations and trade your Zcash for other cryptocurrencies.
Send Zcash
Send your Zcash anywhere, anytime with fast, low-cost transfers.
Spend Zcash
Use your Zcash to pay for goods, services, and experiences seamlessly.
Hold Zcash
If you think your Zcash will increase in value, you can hold onto it.
Sell Zcash
Convert your Zcash to cash quickly and securely.
How to buy Zcash (ZEC) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Zcash ZEC safely on a trusted exchange like OKX.
Choose the best exchange to buy Zcash (ZEC) depending on your individual needs. Factors to consider when picking the best place to buy Zcash (ZEC) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Zcash. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Zcash (ZEC), as well as fiat withdrawal options.
This depends on the method you use to convert Zcash (ZEC) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.