How To Buy ZEC Bitcoin – The need for online anonymity is on the rise. This has led people to look for options other than Bitcoin. One of the best solutions available is Zcash (ZEC) which is known as privacy coins.
Zcash project is handled by Zooko Wilcox. This particular project is developed to take care of traceability which is one of the most urging problems of bitcoin.
To describe it in simple terms Zcash is a fork of bitcoin but it comes with added anonymity. According to experts, the anonymity of Zcash is better than the one offered by other private networks such as Monero or Dash.
Those of you who are into Bitcoins must already know that it is not completely anonymous. In response to this problem, Zcash has come up with their solution which beats Bitcoin any day. With ZEC you can carry on complete private transactions. The amount you sent and the recipient name both are kept a secret with the help of this feature. This gives an added advantage to users using Zcash. If you want to know how to buy ZEC BTC with a credit card then you can follow the guide given below.
Steps To Buy ZEC With Credit Card
If you haven’t purchased ZEC with a credit card before, you can take help from the steps given below. The steps are explained in detail so that you don’t face trouble following it.
1. Before you can buy ZEC you need to have a Zcash wallet which is needed to hold your coins. In this case, you have two options including software wallets and hardware wallets.
Hardware wallets are considered to be the safest as you can store your ZEC safely. The private key to your coins is stored offline on the device. On the other hand, software wallets can be easily downloaded for free. But they are not as secure as hardware wallets. Opposite to hardware wallets, software wallets store your private key on the device but it is always connected to the internet.
- Once you have your Zcash wallet, you need to locate your Zcash address. There are two address formats including the transparent address and private address.
- In the next step, you need to find a Zcash exchange. There are plenty of exchanges that support Zcash including eToro, CEX.io, Coinbase, and Binance.
- After buying the coins you need to withdraw them from your Zcash wallet. If you leave your coins in the exchange there is always a risk of losing it. Therefore, you need to make it a point to transfer them to your Zcash wallet.
By following these simple steps you can easily buy bitcoin with credit card with any issues. ZEC is the best solution when you are looking for anonymity.
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ZEC is getting more popular by the day as people are coming to realise that Bitcoin doesn’t offer you complete anonymity. Zcash has introduced this amazing feature of privacy coins that have given the option to people to stay completely anonymous to their transactions.