Buy Zcash | The best Zcash Exchanges
Do you want to buy Zcash? Then there are several websites where you can do so. Above you will find the best exchanges to buy or sell Zcash. Bitvavo is one of the largest exchanges in the Netherlands and our favorite because of its user-friendliness and convenience. Conveniently, Bitvavo allows you to pay with iDEAL. This way you have immediate access to Zcash and can buy and sell from the wallet on the website. For a transaction at Bitvavo there is a maximum trading fee of 0.25%.
You can buy Zcash at Bitvavo by logging into your account, or creating an account at www.bitvavo.com. You can then transfer euros to your Bitvavo wallet using one of 8 payment methods. Users can use iDEAL and Bancontact, among others. Euros are then transferred directly to the account. Bitvavo allows you to exchange euros for Zcash next. You can then trade the currency, keep it and use it as a means of payment or easily sell it when it has risen. Read more about the different pros and cons and the new developments going on at Zcash (ZEC) below.
A complete explanation about Zcash | What is Coin?
Zcash has only been around for a little over three years, but in that year it has proven itself to be a safer alternative to Bitcoin. This cryptocurrency is all about good security, hiding your identity as much as possible. Because this currency uses the blockchain it is often called an altcoin. Only with extra features and a large number of improvements. In the end, it was all about solving problems that could be found in the first generation of crypto currencies.
With Zcash it is possible to send your transactions encrypted. Both the sender’s and the receiver’s data are shielded as much as possible and also the amounts are virtually invisible to others. The only people who see the transaction are the people who keep the ledger. Because this is done at lightning speed, the main focus is on the available balance. Once this is in order, the transaction is confirmed and added to the blockchain. The only thing left to do is to mine the coins. Again, this is done through verifications and then they are credited to the blockchain.
Zcash, unlike other cryptocurrencies, is centralized. However, the centralized stance should make no difference to the public. Cryptocurrencies, however, are made to have no third-party control, which is precisely what Zcash is. Because of this, there have been frequent discussions around this currency. Nevertheless, there is full encryption and there should be anonymity. Whether this is actually the case, the future will tell.
There are six key holders who manage Zcash. These key holders can claim the fees. In practice this means that 20 percent of the coins that are mined in the first four years are divided among these shareholders. The Foundation and founders also benefit from this. In their own words, these amounts are used again for updates. However, users do have the option to accept or reject the updates. Again, it is not yet certain whether this will work in practice. So this will have to prove itself again when the coins exist longer.
Unlike other cryptocurrencies, Zcash has a built-in scarcity. A maximum of 21 million tokens can be mined. When it was introduced in 2016, this led to a high price. This was partly because many users wanted to own the tokens as soon as possible. This also led directly to controversy. Many experts were in fact convinced that this price could not last. Within a short time, the price dropped significantly and the conviction had become reality.
The pro’s and cons of Zcash
Zcash has several advantages. For example, this cryptocurrency allows the creation of a new means of payment where there is no delay to be found. When you make a transfer through the bank, it can take a long time before the money is in the account. Thanks to the high transaction speed, you no longer have this problem. Multiple transactions can be verified per minute, which can also promote international trade. In addition, you have to deal with low transaction costs. With a relatively low amount, you can go through almost any transaction. However, complex transactions are not yet possible.
In contrast to other cryptocurrencies, however, there are more disadvantages to be found with Zcash. The centralized nature has already caused a lot of fuss in its short existence. There is control from the outside, which was not the idea behind crypto. Despite this control, the aim is to create a safe and trusted payment system. The transactions are all encrypted. Therefore, no one can trace who the sender and receiver are. Also, the amounts are never visible within the network. Only you and the other person know what amounts are in circulation.
The price prediction of Zcash for 2021 till 2025 | Zcash Forecast
Before making an investment, you should also start looking at the price expectations of Zcash. At the introduction of the crypto currency, the price was very high. For example, it started at over 900 euros, but within two weeks it was back at 90 euros. The low point was in 2017, where the coin was only worth 26 euros. After that, however, things turned around. At the moment there is an upward trend again and experts predict that a new peak is coming. Whether it will be as high as at the beginning of the crypto currency is still unclear and depends on many different factors.
So investing in Zcash does come with high risks. Therefore, you always do well to combine the predictions of the experts with your own research. The developments and the price changes together give you the opportunity to place the investment at the right time. You will then be able to achieve sufficient return and also to exit the trade at the right moment.
Zcash Price | Now and in the future
The Zcash exchange rate has experienced a strong growth in the recent period. Currently, Zcash can be found in the top 50 largest cryptocurrencies coins in the world. At the time of writing, Zcash has a market value of over 1 billion Dollars, a market value that is still rising strongly.
There are 11,147,281 Zcash coins in circulation, most of which are traded on the Binance exchange. On the Binance exchange it is also possible to keep an eye on the current Zcash price.
The past period Zcash has often been in the news in a positive way, this has had a positive influence on the Zcash price and rate. Thus, many hold it for the long term.
To stay informed about the most actual Zcash price we recommend you to keep an eye on this page. Here you’ll find, among other things, a Zcash price chart which shows the history of the Zcash price.
The market cap of Zcash compared to Bitcoin is still small, which can mean that the price can still rise a lot when the market value increases. The maximum number of ZEC that will be released is 21 million.
The latest Zcash news and price expectations
Every month we try to bring you up to date with the latest current news around Zcash. So that you have a better idea of the ZEC expectation over the long term. It’s good to know about the price, but it’s more important to know about the latest developments, roadmap and other issues. This way you can better anticipate the Zcash price forecast of 2021, 2022 and beyond. Below you can see the current Zcash price.