How to Buy Zcash (ZEC)

A Step-by-Step-Guide on how to buy Zcash (ZEC)

Step 1 – Signup to Kraken

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and getting Funds.

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Zcash (ZEC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Zcash (ZEC)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can commence invest and trading. To purchase Zcash (ZEC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate Zcash (ZEC), you'll need to put the shortname of the coin (ZEC) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “ZEC/BTC” to go ahead.

Binance Hot To Buy Zcash (ZEC)
Binance How to Buy (ZEC) Zcash
Step 4 – Buy Zcash (ZEC)

After you've spotted Zcash (ZEC), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date tariff Zcash (ZEC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of ZEC you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of ZEC.

If you're happy, click on “Buy ZEC”. Your order will be filled as soon as a Vender trades their ZEC for the price you introduced.

Step 5 – Withdraw Zcash (ZEC)

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Zcash (ZEC), hover over the ”Funds” tab and mouse click on “Withdraw”. Zcash (ZEC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Zcash (ZEC) by using the given drop-down box. Drop in the amount of Zcash (ZEC) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're glad, click “Submit”. You may be requested for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You've successfully bought and safed Zcash (ZEC).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ZEC) Zcash is safe within your wallet, you are finished.
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