Zcash was the first ‘private’ open-source digital currency based on blockchain technology. The HTTPS protocol offered by Zcash provides you with enhanced security via its use of sophisticated encryption protocols. As such, more and more traders choose to invest in this privacy-focused coin.
Fancy educating yourself on how to buy Zcash at home?
In this guide, we cover the most secure ways to buy Zcash online. We also put forward some strategy suggestions and finish with a step-by-step guide on how to buy this speculative digital asset today!
eToro - Buy and Invest in Assets
eToro - Buy and Invest in Assets
Table of Content
How to Buy Zcash in 10 Minutes – Quickfire Guide
Pressed for time? Follow the 5-step quickfire guide below to buy Zcash in under 10 minutes without paying any commission.
- Step 1: Join a regulated brokerage with access to Zcash – eToro is a great option as the platform will not charge you any commission to buy Zcash
- Step 2: Tell the broker who you are by entering your name, address, and date of birth – and any other information required
- Step 3: Upload proof of ID such as passport and a utility bill for address validation
- Step 4: Select between a credit/debit card, bank transfer, or e-wallet and deposit some money into your account
- Step 5: Search for ‘Zcash’ or ‘ZEC’ and place an order – eToro will enable you to invest in this digital coin from as little as $25
Next, we have included a full review of eToro, as well as top-rated CFD trading platform Capital.com.
Select a Trusted Zcash Broker
As you may have noticed, the internet is full of seemingly trustworthy cryptocurrency platforms. A regulated broker is key to buy Zcash in safety. As such, it’s important to exercise caution when looking to access this digital coin.
Armed with a long list of criteria, we have reviewed the best two platforms to access the Zcash markets in 2021.
1. eToro – Best Brokerage to Buy Zcash Without Commission 2021
The website at top-rated brokerage eToro is clean, well-designed, and functional. You can buy Zcash with ease at this platform, crucially, without the worry of ongoing trading fees and commissions. With the lack of commission comes another small fee - the spread. This guide found that at eToro, this is tight on most markets.
If you decide to trade Zcash, you can also do this via CFDs, which we talk about later. Notably, you can trade ZEC coins as part of a pair at eToro. This includes ZEC/AUD (Australian dollars), ZEC/ETH (Ethereum), ZEC/DASH (Dash), and ZEC/BTC (Bitcoin). Other asset classes available at this platform include forex, stocks, ETFs, indices, and 15 other cryptocurrencies.
In terms of regulatory standing, eToro holds licenses from respected bodies ASIC (Australia), FCA (UK), and CySEC (Cyprus). There should be no concerns for US clients either, as the broker is also a member of FINRA. This means the platform must comply with various rules to operate within the law and ensure a safe environment for you and other investors.
It has to be said that what eToro lacks in technical analysis; it makes up for this with features such as CopyPortfolios and Copy Trader. The first option will see you investing in a fully managed investment basket. Thus creating a diverse portfolio of digital currencies without the legwork usually involved.
By investing in a Copy Trader, you will choose someone to copy like for like and then see everything they buy/sell appear in your own eToro portfolio. For instance, if you invest $500 in an experienced crypto trader and they allocate 10% of their balance to ZEC/ETH, you have passively staked $50 on the same pair. The broker will also provide you with a free demo account with $100,000 in paper money.
You can invest in Zcash for as little as $25 at eToro. To get started, deposit some funds into your account using one of the many payment methods accepted. This includes bank transfers, debit and credit cards, and e-wallets like Skrill and PayPal. The only fee for funding your account will be the 0.5% exchange fee, applicable if not deposited in US dollars.
- Choose from heaps of payment methods such as credit cards or PayPal
- Invest in Zcash from $25 and pay ZERO commission
- Tight spreads on Zcash and other assets
- No technical analysis available
2. Capital.com – Best Zcash CFD Broker for Newbies - Minimum Deposit From $20
With good customer support standards and a user-friendly website, Capital.com is a great eToro alternative. Notably, this is a CFD broker so you won't be able to invest in Zcash. With that said, this opens the door to flexible short-term trading options via CFDs. This means you can go long or short on Zcash whilst paying no commission fees. You can also apply leverage at this top-rated CFD platform.
We found competitive spreads on Zcash against USD in particular. The CFD broker also offers access to markets such as commodities, shares, indices, forex, and other digital currencies besides Zcash. This is great for diversification purposes. We mentioned the importance of regulation in the last review, so we can happily report that Capital.com operates under the strict rules of the FCA and CySEC.
Many of the features at Capital.com, such as educational videos and webinars, are aimed toward newbies. However, you can easily access heaps of advanced trading tools by linking your brokerage account with popular third-party trading platform MetaTrader4 (MT4). If you have never traded Zcash CFDs before, you can practice on the free demo facility - with $10,000 in practice funds included.
The minimum deposit at Capital.com is just $20 and you can add funds into your account with a debit and credit card, bank wire transfer, and heaps of e-wallets such as Apple Pay and Trustly. Take note that not only is a wire transfer the most sluggish payment type, but this broker also stipulates a minimum deposit of $250 via this method. As such, you are better off sticking with the aforementioned e-wallets or debit/credit cards.
- $20 minimum deposit and commission-free Zcash CFDs
- MT4 compatible and tons of trading tools
- Regulation from CySEC and FCA
- Fundamental analysis not offered
Buy Zcash or Trade CFDs
There are two fundamental ways in which people tend to enter this cryptocurrency market – buy Zcash outright or trade CFDs. If you are unsure what each of these strategies entails, read on for examples and further clarification.
Buy and Hold Zcash
As the title suggests, to ‘buy and hold’ Zcash is to purchase the coins with the intention of holding on to them for the foreseeable future. This a long-term strategy, so you might not cash out your investment until months, or sometimes years later.
Let’s clear the mist with a practical example of what a buy and hold Zcash strategy entails:
- Let’s say it’s January and Zcash has fallen in value by 16%
- You speculate that this price trend will be short-lived – so place a $200 buy order
- November comes around and Zcash has experienced a price increase of 31% – your hypothesis was correct
- You place a sell order to cash out your profit
- From the initial $200 buy order, you made gains of $62
As you may hold on to your investment for such a long time, it makes sense to consider where or how you might keep it safe. You could look to buy Zcash and keep it in a personal crypto wallet, but then you must be super vigilant in securing its safety. Malicious wallet hackers are always thinking up new ways to steal coins and tokens.
You might have thought about storing your Zcash investment at a cryptocurrency exchange. Whilst this sounds like a perfectly good idea, these spaces are often free from any rules and regulations. This is, therefore, the least secure way to store digital currencies. With that said, don’t be too discouraged, there is an alternative.
Licensed and commission-free broker eToro will allow you to invest in Zcash from $25, and you can store your coins in a secure environment at no extra charge. As we mentioned in our review, this platform is fully regulated. Thus, your personal information is guarded by SSL encryption, and the platform will keep your fiat capital safe in a tier-1 bank account separate from its own.
If you are looking for a bit of flexibility and wish to be regularly active in the cryptocurrency scene – CFDs could be just what you are looking for. For those unaware, a Zcash CFD is an agreement between you and your chosen trading platform. The deal is that you speculate on the price of Zcash between the time the position is opened, and when it is closed.
A CFD tracks the value of the underlying asset and matches it, so your goal is to speculate on its future price change. Cryptocurrencies will often be traded as a pair, referred to as ‘crypto-fiat’ or ‘crypto-crypto’. Some of the most commonly traded pairs inclusive of Zcash are ZEC/USD (US dollars) and ZEC/BTC (Bitcoin Cash). However, you can also trade it against Australian dollars, euros, Bitcoin Cash, Ethereum, and much more.
Crucially, you will never own the Zcash coins when trading CFDs, but you can still profit from its price shift in either direction. That’s why some traders prefer this strategy. This is in stark contrast to traditional assets, where if its value falls you make a loss.
To shed some more light on this popular financial instrument, see an example below:
- You are trading ZEC/AUD – which is valued at AU $232
- Technical analysis points toward this being an overvaluation
- Suspecting the price will fall soon – you go short with a $400 sell order
- A few hours later, you check again and ZEC/AUD is at AU $187
- This shows us a 19% fall in value – which means you speculated correctly!
- You create a buy order with your broker to cash out your profit
- You made gains of $76 on this crypto CFD trade
As you can see, this is a flexible way to make gains from such a volatile marketplace. We should also mention that the brokerage will probably offer you leverage to boost the trade – displayed as a ratio such as 1:2 or 1:5 (sometimes a multiple). For instance, if it offers the latter, for each $1 you stake the platform will permit a trade value of $5.
Let’s see what the above Zcash CFD trade would look like with leverage:
- You decide to short ZEC/AUD with a $400 sell order
- Leverage of 1:2 is added, boosting your position to $800
- You speculated the price direction correctly – resulting in gains of 19%
- You originally made $76 on the trade – but your leverage of 1:2 boosts this to $152
If leverage sounds like something you want to use, make sure that CFDs are not banned in your jurisdiction. For instance, if you live in Hong Kong, the US, or the UK you cannot access this type of financial instrument.
Where to Buy Zcash
We’ve covered the best platforms, as well as long-term and short-term investing and trading strategies. Now we are going to talk about the different ways in which you can buy Zcash.
Buy Zcash Debit Card
If a debit card is your go-to payment type, then you shouldn’t have much trouble finding a platform to buy Zcash. Crucially, check the cost of doing so – as we found crypto brokers can vary by some distance when it comes to debit card fees.
For instance, Binance charges between 3 and 4% for debit card transactions, whereas over at Coinbase you will pay 3.99%. You can buy Zcash via trusted brokerage eToro using US dollars without paying a cent in fees. If your local currency is not USD, all there is to pay is the 0.5% exchange fee.
Buy Zcash Credit Card
As per debit card purchases, each broker will vary. For instance, some platforms charge commission fees on credit card purchases, while others won’t accept this payment method at all.
You can buy Zcash using a credit card at eToro and pay 0% commission when depositing in USD. If not, it’s just the aforementioned non-USD conversion fee of 0.5%.
Buy Zcash Paypal
Whilst PayPal is a fast and secure way to buy Zcash, you won’t be able to use this payment method at many online brokers.
Is this the payment method you had in mind? If so, head over to eToro where you can buy Zcash using PayPal with only the 0.5% FX fee to pay.
Buy Zcash ATM
Cryptocurrency ATMs are like the machines used to withdraw fiat cash – only you will put money into the machine to buy Zcash. You can find Zcash ATMs in heaps of countries including Argentina, Belgium, Columbia, Cuba, Hungary, Russia, Slovakia, Spain, Ukraine, the United Kingdom, the US, and much more!
Importantly, investing in Zcash this way can be very expensive because of the commission fees charged by the ATM – not to mention the storage dilemma. eToro will allow you to buy and store Zcash without charging you any commission – thus, it is undoubtedly the most convenient and cost-effective option.
Zcash strategies aren’t just reserved for seasoned investors, as there are some really simple ones to implement for newbies too.
To give you an idea of how you might invest in Zcash with discipline, see the most commonly used strategies below.
Sometimes shortened to DCA – dollar-cost averaging is a basic strategy used to reduce the financial impact of this volatile marketplace. The goal is to think about how much you want to invest in Zcash, and then spread it over several investments.
Let’s say you have allowed yourself $300 per month for your Zcash investment and want to add dollar-cost averaging to your strategy. Put simply, you will divide it up and make multiple purchases throughout the month. The price of cryptocurrencies fluctuates with every passing moment, so you will pay a different rate each time you invest – that’s the whole point.
Buy the Dip
If a fellow investor suggests to ‘buy the dip’, they mean invest whilst Zcash is at an unusually low price.
We’ve put together a straightforward example below:
- The value of Zcash has plummeted, falling by 28% in the last 36 hours
- Analysis points toward this being be a temporary price trend
- You proceed to make one or multiple purchases at this low price via your cryptocurrency broker
- This is buying the dip
All too often in the cryptocurrency markets, price trends repeat themselves. As such, the idea of this strategy is to buy at a low value and sell when the price eventually recovers – however long that takes.
One of the best ways to maximize your returns when learning how to buy Zcash is to diversify. There are heaps of assets out there to choose from and the best brokers offer a mixed bag. Thus, if one market isn’t doing very well, you can fall back on your other assets.
This often includes markets such as indices, forex, and commodities. You might also consider adding alternative digital currencies to your portfolio.
Zcash Trading Signals
Technical analysis is crucial to predict the market sentiment on Zcash. If you haven’t had time to learn the ins and outs of this sophisticated trading discipline – consider crypto signals. Zcash trading signals are like tips on what order to place to make gains.
This of course means that you don’t need to conduct hours of research to gauge sentiment yourself. Here at Learn 2 Trade, our team of seasoned crypto-investors perform advanced analysis on the digital currency markets. Next, we immediately send out the results of our analysis via our Telegram group.
Each and every signal will feature the crypto-asset we see potential in, as well as whether to go long or short. We also include what price to enter and exit the market at. The latter comes in the shape of stop-loss and take-profit order values, to prepare you for every eventuality.
How to Buy Zcash Online – Full Walkthrough
As you have made it this far, you are no doubt ready to learn how to buy Zcash via a broker.
If you have experience in this field, you can skip this part. For newbies, you will see a full walkthrough below, explaining each step of how to buy Zcash online.
Step 1: Sign Up With Zcash Broker
For this sign up we are using eToro. You can invest in Zcash from $25 without paying any commission fees, plus signing up takes 10 minutes or less!
Hit ‘Join Now’ on the home page at eToro to sign up. Enter your full name, a memorable password, and your email address – as seen below.
After reading through the terms and conditions you can go ahead and hit ‘Create Account’. Next, an email will be sent to you to welcome you to the platform and confirm the username you selected.
Step 2: Upload Some Identification
You will see a ‘Verify Now’ link within the aforementioned confirmation email – click that. This will take you to the eToro website to complete your account set-up.
This platform is regulated so you will need to enter your address and passport number. Next, you will be asked to upload a copy of the corresponding passport (you can also use a driving license).
Finally, to prove the address you entered, you can send a utility bill or bank statement featuring your name, address, and a date within the last 3 months.
Step 3: Deposit Funds Into Your Account
Now that your account is up and running, you can deposit some funds. To do this, click ‘Deposit Funds’ on your profile page.
Now you can enter an amount to deposit and choose between the various payment types available. This includes Visa, Visa Electron, Mastercard, PayPal, Neteller, Skrill, and more.
Step 4: Buy Zcash
At this stage, you can either scroll through the crypto-assets page to find Zcash, or locate it using the handy search bar.
As you can see, because eToro enables fractional investments, here we are looking to invest just $25 in ZEC coins. This broker will not charge you any commission for your purchase.
Hopefully, by now you have a much better understanding of how to buy Zcash. Whether you fancy adopting a buy and hold strategy to invest in Zcash, or prefer the idea of trading it via leveraged CFDs – don’t go in blind.
By this, we mean the Zcash market is notoriously volatile – thus, having a plan in mind is key to staying on track. Popular strategies include buying the dip, dollar-cost averaging, and diversifying.
This couldn’t be easier at regulated brokerage eToro, where you can buy and trade cryptocurrencies, commodities, forex, indices, and more whilst paying no commission. You can also invest in Zcash from only $25 and store your coins at no extra charge.
eToro - Buy and Invest in Assets
eToro - Buy and Invest in Assets
What is the minimum amount of Zcash you can buy?
The answer to this question lies in which platform you buy Zcash from. For example, at eToro you can invest in this digital currency from $25, whereas some will stipulate much more.
How much is Zcash likely to be worth in 5 years?
Some experts predict that Zcash could reach an astonishing $60,000 in 5 years' time. To formulate your own conclusion, you could look to take some online courses on how to perform technical analysis in the cryptocurrency markets. You might also look to earn while you learn by signing up to a crypto trading signals group.
Where is the best place to buy Zcash?
We scrutinized hundreds of brokers and eToro came out as the best place to buy Zcash. The platform is super easy to use and place orders on, and you can invest in Zcash from an easily achievable $25. Crucially, eToro operates in a regulated space. There are also heaps of other markets and a good amount of payment methods to choose from.
How can I sell Zcash?
Selling Zcash is as easy as buying it at eToro. This is largely because you can also store your investment in the safety of the regulated platform. Ready to sell? Just log in to your account and place a sell order on Zcash. The money from the sale will be credited to your account.
Can Zcash make you rich?
The simple answer is - maybe. To give yourself the best chance at being successful investing in Zcash -create a diverse portfolio, to hedge against volatility. It's also important to have a firm understanding of how the market works. It can take months or years to learn everything, so you might want to start by investing in a Copy Trader at eToro, allowing you to invest passively.