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Buy Zcash (ZEC)

zec
$33.18
-3.90%

Global Rank

#215

Market Cap

$312M

24hr Volume

$63.5M

24hr Change

-3.90%

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Zcash

What is Zcash (ZEC)?

Zcash is built On the idea that Bitcoin falls short on offering privacy guarantees. In the Zcash white paper, the authors detail how all of the transactions on a Bitcoin Network are recorded and visible for all to see. Zcash has formulated something called Decentralized Anonymous Payment Schemes in which one user can pay another user privately and directly.Using a DAP Scheme, the transaction hides the payment origin, the total amount of the transaction, as well as the destination of the transaction. Zcash launched by the Zerocoin Electric Coin Company in 2016. Since its launch, the project has been overseen by a team of researchers at MIT, Johns Hopkins University, the Technion, and Tel Aviv University.  initial research for the program was funded by research from the United States Air Force, the Navy, and DARPA. ZEC is the native token similar to how ETH is the native Ethereum token.

How to Buy Zcash in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy ZEC

Frequently Asked Questions

Where is the best place to buy Zcash?

The best place to buy Zcash is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Zcash?

Yes, Swyftx is a safe and secure platform to buy and sell Zcash (ZEC). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of ZEC determined?

The price of ZEC is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Zcash with credit card?

Swyftx does not allow you to directly buy Zcash with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy ZEC instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.