How You Can Buy Zcash in the UK

Our best choice:

Buy cryptos with eToro
Overall Rating: 
5/5 stars

Quality

speed

cost

Zcash (ZEC) is a decentralised, blockchain-based cryptocurrency that, as a privacy coin, focuses on data security and the anonymity of its users. In this way, Zcash aims to offer its users greater data security than Bitcoin.

So-called privacy coins (see also Verge or Monero) specialise in keeping the identity of buyers and sellers secret. As for Bitcoin, there is a fixed unit maximum of 21 million coins for Zcash. Zcash adheres to the open source principle; the code can be viewed in the Zcash github.

Zcash

Buying Zcash: What you should look out for

We have dealt intensively with Zcash and now explain how best to buy the coin. These are the aspects you should pay attention to when buying:

    Where is the best place to buy Zcash? We recommend our test winner eToro.
    Do you want to hodle Zcash or speculate on the price daily? That depends on your private goals.
    How does a Zcash wallet work? Quite simply, as eToro offers its own wallet.
    Is it worth investing in Zcash? The coin has growth potential

Where to buy cheap Tron? Our broker and exchange comparison - buy Tron with the lowest fees:

Trade real cryptos and crypto CFDs
Licensed broker with deposit protection
Integrated wallet

Broker fully regulated
Numerous awards
Libertex experience for more than twenty years


Large selection of coins
Established exchange
One of the first on the market


Many cryptos to choose from
High security
Integrated trading tools

bittrexs

Huge selection of coins
Own wallet
Good user interface

Buy Zcash for beginners in 3 steps:

Zcash is offered at several brokers and crypto exchanges. We have tested the best crypto exchanges for you and explain below the easiest way to buy Zcash.

If you want to start trading Zcash, you first have to decide which way you want to invest in Zcash. You have to decide whether you want to buy Zcash to hold it in a similar way to gold, for example, and sell it again at a later date for a profit - then you need an exchange.

If instead you are looking for a strategic investment, where instead of buying a coin you bet on its performance, crypto brokers are a better choice for you.

We use the broker eToro when buying Zcash, as this broker offers both real cryptocurrencies and CFDs - Etoro thus combines the advantages of brokers and crypto exchanges.

First step: Registering with a broker or crypto exchange

First we register with Etoro: To do this, we click on the link to register with eToro:

In the form we enter our username, email and password and accept the terms and conditions:
Afterwards, we receive an e-mail for verification in which we click on the confirmation link. Our account is now created.

Second step: Top up our account

In the second step we need to fund our account with money to buy our Zcash. To do this, we click on the "Deposit Money" button at eToro.
We then select the deposit amount and payment method and click on the "Send" button to deposit our money.

Buy Zcash with PayPal, Sofortüberweisung and more

eToro offers almost all deposit methods:

Payment option

possible?

Buy Zcash with credit card    

ok

Buy Zcash with PayPal    

ok

Buy Zcash with SOFORT Bank Transfer    

ok

Buy Zcash with Rapid Transfer    

ok

Buy Zcash with Skrill    

ok

Buy Zcash with Bank Transfer

ok

Buy Zcash with Neteller    

ok

Buy Zcash with UnionPay

ok

Third step: Buy Zcash

After depositing, we can buy our Zcash. To do this, click on the search and enter "Zcash". Then click on the "Trade" button.

Now the purchase window opens, where you have the following options:


  •     Buy or sell: In our case we have to click on "Buy".
  •     Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order).
  •     Amount: The amount of Zcash we want to buy.
  •     Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.
  •     Leverage: With what leverage we want to buy Zcash. With leverage X1 we buy real Zcash, with leverage X2 we buy leveraged Zcash CFDs.

    After we have configured the purchase options, we click on the "Open Trade" button to complete the purchase. We have now successfully bought Zcash.

To invest in Zcash or not?

To invest Zcash

Buy Zcash? Or is it better not to? We summarise the pros and cons around this question for you:

  • Before you invest in an altcoin, you should inform yourself well. Experienced investors pay attention to a variety of indicators: Is the whitepaper of a coin reliable? Is the business model convincing? Do the entrepreneurs have enough experience to run a company responsibly?
  • Which partners does a currency have and how relevant are these partners from the point of view of the declared business model? Is the currency often in the news and if so, in what context?
  • These are all questions that can help you determine whether an investment is worthwhile or not.
  • The cryptocurrency Zcash is well established in the market, ranking 21st by market capitalisation at the beginning of February 2019, according to Coinmarketcap. This indicates good distribution and a relatively high level of investor confidence in the currency.
  • As a privacy coin, however, Zcash has a number of serious rivals. The cryptocurrency Monero, for example, is also a privacy coin. It is established as a means of payment on the darknet and therefore has a head start on Zcash.
  • Anyone who wants to invest in a privacy coin should take a look at Zcash's competitors. In our review pieces, we introduced the privacy coins Monero and Dash for you.
  • If there should again be such an extreme Bitcoin gold rush as in the winter of 2017/2018, it is of course to be expected that especially the cryptocurrencies that are well placed in the ranking - like Zcash - will benefit from it. However, there are currently no indicators that this will happen.

Pro und Contra Zcash-Investition

Pros

  • Well-established privacy coin
  • Interesting alternative to share trading

Cons

  • Strong competitors (especially Monero)
  •    Difficult situation of the market

What are the fees for buying Zcash?

We compare the fees when buying Zcash by using the following example:

    We buy €1,000 worth of Zcash.
    We hold our Zcash for 30 days and then sell it again.
    We assume that the exchange rate will not change during the 30 days.

With such assumptions, we now compare the fees of the biggest Zcash providers:

Provider    

etoro

coinbase

Deposit    

free of charge

3,99%

Purchase fees

2,9%

1,49%

Holding fees

free of charge

free of charge

Sales charges

2,9%

1,49%

Payment

5 USD

0,15 USD

Total fees

62,16€

68,24€

Current Zcash rate

Current price in USD    

164,88$

ZCash rate Euro

135,75€

Total market value in USD    

$1.838.426.467

Total market value in EUR    

1.513.576.576 €

Price change within the last 24h.

+5,14%

Updated    

17.02.2021 at 17:00


Zcash price history: Important moments in the Zcash price history

Since the Zcash ICO 2016, there have already been several events in the Zcashm share price which we now show:

Zcash price history


  •    October 2016: Zcash has its ICO and is traded for €5,407 on Coinbase - the price immediately collapses to €33.
  •     June2017: Zcash's price explodes to €345 at the start of the 2017 crypto bull run.
  •     January 2018: Zcash reaches its all-time high of 738€ on 08.01.2018 during the Crypto Bull Run.
  •     May 2018: Zcash tries to recover from a price collapse when the bubble burst and briefly rises by 70%, but immediately falls again.
  •     December 2018: Zcash hits its then low of €41 during the crypto "winter".
  •     June 2019: Zcash rises to €98 per coin in the summer of 2019, but falls again.
  •     March 2020: During the Corona epidemic, Zcash hit its new all-time low (€22.43 per coin) after rising to €64.25 in February.
  •     August 2020: In the current bull run, Zcash is at €66.87 per coin.

Broker and exchange in one: eToro

Our recommendation: Buy cryptos with eToro

    Incl. wallet
    Buy and sell cryptocurrencies directly in the wallet
    Paypal, credit card and instant bank transfer
    Regulated provider
    Real cryptos or CFD trades

Trade Zcash with or without a wallet?

As a general rule, a wallet is always the safest place to hold your assets. If your coins and tokens are stored on an exchange instead, you may lose access to them - for example, if the exchange is hacked or unexpectedly goes bankrupt.

Using a wallet is not necessarily more complicated than using the usual exchange platforms. A wallet is therefore recommended in any case.

However, the use of a wallet is not mandatory for trading with Zcash. Those who are free of fear can also simply hold their Zcash on the account of one of their crypto exchanges.

On Zcash's corporate website, a number of compatible wallets are presented, you can find the listing here. Even better is the big crypto wallet comparison of our crypto scene editors.

By the way, if you invest in Zcash CFDs with brokers instead of buying the cryptocurrency directly, you don't need a wallet for trading.

Buy ZCash Conclusion

The cryptocurrency Zcash is a well-traded and established privacy coin on the exchanges, but it has very strong competitors. You can invest in Zcash CFDs or buy the currency directly. We recommend eToro for this.

Buying Zcash with credit card, Paypal or Sofortüberweisung is possible. We have presented all these investment options step by step in this article. For buying Zcash we recommend eToro!

In summary, it can be said that the Zcash forecast looks quite good, but it is difficult to estimate which privacy coin will establish itself in the long term. Those who invest should therefore regularly follow the Zcash news.

FAQ

How can I invest in Zcash?

You can basically distinguish between two forms of investment in Zcash: Speculating on prices via CFD brokers such as our test winner and buying Zcash directly via a crypto exchange such as Binance.

Can you buy Zcash with a credit card?

Buying Zcash with a credit card is possible on the exchanges we recommend, Binance and CEX.

Our test winner in the area of crypto brokers also accepts credit card payments.

Is it possible to trade Zcash with Paypal?

As a rule, crypto exchanges do not offer the payment option Paypal. One exception is the CFD broker eToro, where you can speculate on the performance of Zcash.

What is the difference between a broker and an exchange?

Options brokers only use cryptocurrencies as assets, while exchanges enable direct trading of the assets.

So anyone who actually wants to buy Zcash will have to go via a crypto exchange.

Will Zcash continue to increase in value?

That depends on whether Zcash holds its own against competitors like Monero, Verge or Dash in the long term and how the cryptocurrency market as a whole continues to develop.

Do I need a Zcash wallet?

Not necessarily. If you buy Zcash on Binance, for example, you can hold it there. However, we recommend a wallet to avoid unforeseen complications on the exchanges.

Can I use my Ether Wallet?

Zcash is not based on the ERC-20 standard and is therefore not supported by Ether wallets.

Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman