This article will help you how and where to buy Zcash step by step, from the beginning until the last step. Let’s begin! The first step in this article assumes your money is still in USD or other fiat currencies. If you have BTC or ETH already, you can skip Step 1 and go directly to Step 2
Step 1 – Buy BTC Or ETH With USD Or Other Fiat Currencies
For you who are still new, you might not know where to buy Zcash or other cryptocurrencies. You can sign up with Coinbase.com to trade your fiat directly to bitcoin, ethereum, or litecoin. You should use a debit card if you want to process your payment real quick with Coinbase. Personally, we recommend you to purchase Ethereum (ETH).
After you get your ETH in your Coinbase account, you should withdraw your ETH into your own wallet. You can use Ledger Nano S or Metamask or Exodus. Our wallet recommendation is Ledger Nano S as it’s a cold wallet and you always need to push the hardware button before you can send your cryptocurrencies out of the ledger. It’s the safest option. If you don’t have a ledger and you want to instant software wallet that you can use directly within your computer, our recommendation is Metamask, Exodus, or Monedero.
*Note: If you choose to buy BTC or LTC, you can still use Exodus or Ledger Nano S for your personal wallet. However, you won’t be able to use Metamask for non-ethereum assets.
*Note 2: Some countries might not have Coinbase and in that case you need to ask crypto traders in your country what do they use to exchange fiat to crypto. Alternatives to Coinbase include Kraken, Gemini, or Localbitcoins.
Step 2 – How To Buy Zcash (ZEC) With Your Crypto
After you store your crypto into your own wallet (step 1 above), go visit Switchain’s homepage. You will see a screen similar to below image.
Left column – I have –> Here’s where you put the cryptocurrency that you already have in your wallet. For example, if you have Ethereum, you choose ETH and enter the amount of ETH that you want to exchange to ZCash. You can choose LTC if you have litecoin or you can choose BTC if you have bitcoin.
Right column – I want –> here’s where you select ZCash (ZEC) because you want to buy Zcash.
After you are done with both columns, click “Get Best Exchange Rate”. Unlike exchanging fiat to crypto, with Switchain you don’t need to register and enter your personal information.
Step 3 – Enter Your Zcash (ZEC) Wallet Address
You will see the exchange rate from your crypto to Zcash (ZEC) on the next page. There’s a green button “Exchange” on your screen. You should click it.
Then, you will see a page where you’ll need to enter your Zcash wallet address and your refund crypto address. Let’s use ETH as an example of crypto that you want to exchange to Zcash. In that case, you will see a screen similar to this image:
ZEC Address –> This is where you need to enter your Zcash wallet address.
Refund ETH Address –> This is where you need to enter your ETH wallet address. Just in case the transaction fails for some technical reasons, you will get a refund to your ETH wallet address.
Step 4 – Send Your Crypto And Get Your Zcash (ZEC)
On the next step, you will be given a wallet address where you need to send your crypto. Once again, let’s use Ethereum (ETH) as our example. Switchain will show you a page with wallet address and its QR code to deposit your ETH.
You send the correct amount of ETH as instructed on the page and wait for the blockchain to confirm your transaction. After the transaction is confirmed, you will receive your Zcash (ZEC) directly to your ZEC wallet address. You will be redirected automatically to Switchain’s confirmation page. That’s it. It’s easy!
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.