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 Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Zcash (ZEC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find Zcash (ZEC)

As soon as your deposit has been affirmed, you will directly have access to your funds and you can initiate purchasing and trading. To purchase Zcash (ZEC) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Zcash (ZEC), you'll need to insert the shortname of the coin (ZEC) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've highlighted this too. Click on “ZEC/BTC” to go on.

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

As soon as you have found Zcash (ZEC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are going to make our own Limit Order.

The ”Price” field will be filled automatically with the most recent rate Zcash (ZEC) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of ZEC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of ZEC.

If you are happy, make a mouse click on “Buy ZEC”. Your plan will be filled when a Vender trades their ZEC for the price you introduced.

Step 5 – Withdraw Zcash (ZEC)

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time period. To take off your Zcash (ZEC), go to the tab called “Funds” and click on “Withdraw”. Zcash (ZEC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Zcash (ZEC) by using the given drop-down box. Drop in the quantity of Zcash (ZEC) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the (ZEC) Zcash is safe in your wallet, you are all done.
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