Buy ZCash (ZEC) Coin 2021: Price, Forecast & Guide
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The price drifted to record-breaking heights on the day of the release. What excited investors is the high level of anonymity associated with ZCash.
Do you also want to invest in ZCash? We show you what you should look out for when buying ZCash and which brokers and exchanges are suitable. We also take a look at the price trend so far and give a forecast of the potential further price development.
Exchange Comparison: The Best Crypto Exchanges & Brokers to Buy ZEC
NEO tokens can be traded both physically and as CFDs. We have compared the best platforms for buying NEO Coins here:
 | Trade real cryptos and crypto CFDs |
 | Broker fully regulated |
 | Large selection of coins |
 | Many cryptos to choose from High security Integrated trading tools |
 | Huge selection of coins |
What makes ZEC special?
As a so-called privacy coin, Zcash enables its users to carry out anonymous transactions. Unlike transparent transactions, neither the names of the recipient or sender are stored on the blockchain, nor the amount of the transaction value.
Transactions are checked by miners for their reliability, but without disclosing personal information. This is ensured by the so-called zk-SNARK application. Here, the verifying miner knows that a valid transaction has taken place, but information about the sender, recipient and transaction value is not transmitted.
Alternatively, users can select transparent transactions or, if necessary, make their own anonymous information accessible to third parties. This could be necessary, for example, to prove that no laws were violated in the respective transaction.
network | Zcash Foundation Network |
Coin / Token | ZEC |
Zcash founder | Zooko Wilcox - O'Heary |
Zcash founding year | 2015 |
Zcash start | September 2016 |
Market capitalization | € 1,273,486,598 (as of June 9th, 2021) |
Circulation supply | 11,952,175 ZEC (as of June 9th, 2021) |
Maximum care | 21,000,000 ZEC |
Buy Zcash - what are the arguments in favour of the privacy coin?
Vanishingly low transaction fees
Anonymous transactions possible
Possibility to disclose personal data if necessary
Easily accessible and tradable on top exchanges and platforms
Already highly accepted as a means of payment in the real economy
Fees and costs of ZEC Coin
Depending on where you buy ZEC Coins or if you want to trade ZEC CFDs, different fees will be charged depending on the platform:
- Transaction fees
- Deposit fees
- Withdrawal fees
- Overnight fees
Buy Zcash with PayPal, credit card, instant bank transfer and more
Payment option at eToro | Availability |
|---|---|
Buy Zcash with a credit card | ok |
Buy Zcash with PayPal | ok |
Buy Zcash with SOFORT transfer | ok |
Buy Zcash with Rapid Transfer | ok |
Buy Zcash with Skrill | ok |
Buy Zcash with Neteller | ok |
Buy Zcash with SEPA transfer | ok |
Buy Zcash with Neteller | ok |
Buy Zcash with UnionPay | ok |
Buy Zcash with Apple Pay | no |
Buy Zcash with GiroPay | no |
Buy ZEC Coin Guide: Step by step to buy ZCash at eToro
We recommend buying Zcash at our test winner eToro. At eToro, ZEC can be traded as a real coin and as a CFD. As a state-regulated provider, eToro is subject to European supervisory authorities and there is deposit protection through the European Deposit Fund of the financial authorities. Buying Zcash as a real coin is possible at eToro in just a few steps:
Step 1: Register
In order to trade at eToro, you must first register and open a trading account. A valid email address and a secure password are required for registration. Registration is even faster with a Facebook account or Google account.
You will receive an email asking you to verify your email address. With a simple click on the button "Verify my email address" the registration with eToro is confirmed.
Step 2: Deposit money
In order to be able to buy coins at eToro, your trading account must first have sufficient funds. To top it up, simply click on the "Deposit Money" button. In the window that opens, you can select the deposit amount and the payment method. The minimum deposit amount at eToro is 200 euros. By clicking on "Deposit", the amount will be available for the purchase of cryptocurrency immediately or after a few days, depending on the payment method.
Step 3: Buy Zcash
To buy Zcash, simply enter the currency abbreviation ZEC in the search bar.
A selection will appear and clicking on the currency will open the trading window. Here you enter the desired amount for which you would like to buy ZEC and click on "Open trade" to complete the purchase.
Is Zcash mining possible?
Block subsidies are currently split 80:20. This means that miners who add new blocks receive 80 % of the reward. 20% is split between the founders and the Zcash Foundation. Since October 2020, the block subsidy has been ZEC 6.25. To slow the rate of issuance, block subsidies are halved periodically to reduce the rate at which the total supply of 21 million ZEC is reached.
Zcash Wallet: How does Zcash storage work?
- Special hardware wallets and paper wallets offer the highest level of security. These so-called cold wallets are not connected to the internet and cannot be attacked by hackers.
- The situation is different with online wallets. Online wallets are also called hot wallets and are permanently connected to the internet or store the coins on the net. Resourceful hackers thus have the opportunity to illegally access the wallet at any time. Hot wallets are unsuitable for the long-term storage of coins and tokens.
- A desktop wallet also belongs to the so-called hot wallets and can easily be targeted by hackers.
Shielded addresses: | Transparent addresses: | |
|---|---|---|
When is the best time to buy Zcash?
Since cryptocurrencies are extremely volatile, it is difficult to predict whether a time to buy ZEC Coins is good or bad. Predicting positive and negative price movements is next to impossible. In order to achieve maximum profit from the highly volatile market, we recommend observing the market over a longer period of time.
Basically, it can be said that it is always worth buying cryptocurrencies when the market or the desired currency is just recovering after a crash. In order not to miss this moment, regular observation of the market is necessary.
Zcash speculate in the short term or invest for the long term?
Buy ZEC Coin and invest for the long term or rather trade and make quick profits? Which option suits you better depends mainly on your own trading strategy.
Due to the high volatility of the ZEC, a short-term investment is certainly conceivable in order to make quick profits. Investors can invest in the real coin or buy ZEC CFDs. The only thing to bear in mind is that trading with CFDs can be very risky. A total loss of the invested capital is just as possible as a high profit.
In our view, long-term investments in the ZEC Coin only make sense if there is an interest in the project or in the usability of the blockchain.
Tips for buying Zcash
After we have dealt intensively with Zcash and the purchase of the coin, we would like to give investors a few tips here on what they should pay attention to before trading.
Zcash has been able to establish itself well on the market so far. The developers and operators of the network have enough experience to outpace strong competitors such as Monero. However, investors should not forget that the crypto market is subject to extreme fluctuations. Accordingly, high profits are just as possible as a total loss of the paid investment.
Zcash Forecast: Does it pay to trade ZEC?
The project itself is backed by strong investors such as JP Morgan, Pantera Capital and Digital Currency Group. There is also a benefit from many merchants who already accept Zcash as a means of payment. Experts assume that the privacy of investors will become increasingly important and therefore also predict growth for Zcash. Forecasts predict that Zcash will rise to over 3,000 euros per coin by mid-2025.
Zcash Price History: Historical moments & forecast
Since the Zcash ICO 2016, there have been several events in the Zcashm price that are worth mentioning:
October 2016: Zcash has its ICO and trades 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 stands at €66.87 per coin.
January 2021: Bittrex announces that it will delist the privacy coins Monero, Dash and Zcash. This could be due to the decision to monitor private wallets by FinCEN in the USA. After a sideways movement since summer 2020, the Zcash price collapsed by 10%, but recovered again in mid-January and rose by 60%.
How do you buy ZCash?
ZCash Broker
Pros
Cons
ZCash Exchanges
Pros
Cons
ZCash Coins: If you want to buy digital coins, you should start looking for a reputable broker. You also need a secure wallet, your digital purse.
Since there are obviously two ways to buy ZCash, there must also be two types of ZCash investments:
ZCash exchanges trade in "real" ZCash coins.
ZCash brokers trade ZCash CFDs, which are financial instruments based on the ZCash exchange rate.
But what are the advantages and disadvantages of real ZCash and ZCash CFDs?
ZCash CFD
Pros
Cons
Real ZCash Coins
Pros
Cons
If you are now convinced and want to buy Zcash directly, we recommend our test winner eToro. Both real ZEC and ZEC CFDs can be traded here. Furthermore, you can test your trading strategies here on a free demo account and test the practical social trading function. Users can easily buy a variety of cryptocurrencies here, such as Bitcoin, using various payment methods.
Social trading function
Fair and transparent fee structure
State regulated and licensed
Variety of cryptos, incl. Zcash
Free demo account
Zcash advantages and disadvantages
Conclusion: Buy Zcash or not?
For us, Zcash plays as a privacy coin in the upper league of cryptocurrencies. The choice for users between anonymous and transparent transactions within the blockchain does not leave us with the impression that users are using the coin to intentionally carry out dubious transactions. The possibility to make one's own data available to third parties if necessary also strengthens trust in the coin in our eyes.
Unlike its competitor Monero, we do not see any danger with Zcash of ZEC establishing itself as an anonymous means of payment in the darknet. Likewise, the strong partners in the background of Zcash cause us to include the coin in our current portfolio.
FAQ
Zcash is one of the so-called privacy coins that place a special focus on data protection and user privacy.
Zcash can be traded on almost all established platforms. We recommend trading on our test winner eToro.
Those who want to bet on rising or falling prices should invest in ZEC CFD. For investors interested in the usability of the coin, buying real coins is interesting.
After the initial hype of the price during its ICO, ZEC went into correction until it reached a normal market level. With a few exceptions, the coin's performance so far has been volatile and in line with the market situation.
Experts praise the development of the project and assess the partnerships concluded, such as with JP Morgan, as extremely positive; according to statements by crypto experts, ZEC Coin could well reach the mark of over 3,000 euros by mid-2025.
