🥇How to Buy Zcash Online November 2024 | Full Learn 2 Trade Guide!
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How to Buy Zcash

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Samantha Forlow

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


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.

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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!

 

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Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

 

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 – Capital.com 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 – Capital.com will enable you to invest in this digital coin from as little as $25

Next, we have included a full review of Capital.com, 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.

2. VantageFX –  Ultra-Low Spreads

VantageFX VFSC under Section 4 of the Financial Dealers Licensing Act that offers heaps of financial instruments. All in the form of CFDs - this covers shares, indices, and commodities.

Open and trade on a Vantage RAW ECN account to get some of the lowest spreads in the business. Trade on institutional-grade liquidity that is obtained directly from some of the top institutions in the world without any markup being added at our end. No longer the exclusive province of hedge funds, everyone now has access to this liquidity and tight spreads for as little as $0.

Some of the lowest spreads in the market may be found if you decide to open and trade on a Vantage RAW ECN account. Trade using institutional-grade liquidity that is sourced directly from some of the top institutions in the world with zero markup added. This level of liquidity and availability of thin spreads down to zero are no longer the exclusive purview of hedge funds.

Our Rating

  • The Lowest Trading Costs
  • Minimum deposit $50
  • Leverage up to 500:1
75.26% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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.

Trade Zcash

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

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.

Dollar-Cost Averaging

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.

Diversify

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 Capital.com. 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 Capital.com to sign up. Enter your full name, a memorable password, and your email address – as seen below.

capital com 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 Capital.com website to complete your account setup.

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 Capital.com 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.

Conclusion

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 Capital.com, 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.

 

8cap - Buy and Invest in Assets

Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
  • Buy over 2,400 stocks at 0% commission
  • Trade thousands of CFDs
  • Deposit funds with a debit/credit card, Paypal, or bank transfer
  • Perfect for newbie traders and heavily regulated
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

FAQs

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