A Beginner’s Guide to Buying and Selling ZCash Cryptocurrency in Ireland
If you’re based in Ireland and wish to buy ZCash – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many ZCash tokens you want to buy.
There are thousands of cryptocurrencies in the world right now, but there are not many that are getting the attention of investors. ZCash (ZEC) is one of the crypto assets that has gained high popularity ever since it was launched. The platform is a decentralized open-source protocol that offers privacy for transactions using zero-knowledge cryptography. It records all transactions on the blockchain and every payment is visible there.
The interest in ZCash has increased over the years and it is now offered on several crypto exchanges. If you want to invest in the token, the following is a step-by-step guide to help you buy ZCash in a crypto exchange in Ireland.
What's in This Guide?
This guide has information about the best place to buy ZCash in Ireland. It provides details about buying ZCash in exchange either using fiat currency or other cryptocurrencies. The guide lets you know how you can sell the ZCash token and where you can store it. Furthermore, the guide lists some things to consider when buying the token in exchange.
- QUICK GUIDE: HOW TO BUY ZCASH IN IRELAND
- Where to Buy ZCash in Ireland
- How to Sell ZCash
- Which Wallets can I Use to Hold ZCash?
- How ZCash Works
- Key Things to Consider if You're Thinking About Buying ZCash in Ireland
QUICK GUIDE: HOW TO BUY ZCASH IN IRELAND
- Open an account with a cryptocurrency exchange.
- Verify your account.
- Go to the deposit section
- Go to the platform and select ZEC.
- Enter how many ZCash coins you want to buy.
- Check the details and confirm your purchase.
Where to Buy ZCash in Ireland
If you’re looking to buy ZCash, the right place to go is in a cryptocurrency exchange or broker. Several exchanges offer trades in ZCash, so you shouldn’t have issues purchasing the token. That’s why we are here.
Buying ZCash in a crypto exchange
If you’re looking to buy ZCash in a crypto exchange, you have two options. You can buy the token using fiat currency or using another cryptocurrency. Let’s explain these two options briefly.
Buying ZCash with other cryptocurrencies
If you have another cryptocurrency in a wallet, such as Bitcoin (BTC) or Ethereum (ETH), this is the right option for you. Moreover, you will have loads of options when it comes to selecting exchanges you want to register with.
Buying ZCash with fiat currency
If you don’t have any other crypto asset or probably buying cryptocurrencies for the first time, this is the right option for you.
Although you may not find many options when choosing a crypto exchange, there are still a few of them that will accept your fiat currency when funding your account.
If you want to buy ZCash using euros, follow the steps below to have an easy ride.
Step 1: Create an account with an exchange
While choosing an exchange that offers ZEC as a token, you need to follow due diligence to choose the exchange that best suits your needs. Once you’ve chosen the exchange, the next step is to register on the platform.
In most cases, your email is only required to create your account. But some exchanges will ask you to provide some documentation like an ID. Once you provide that, your account will be created.
Step 2: Deposit funds into your account
Here, you will be depositing the fiat currency you want to use to buy ZCash. At the account section of the exchange, select the deposit option you prefer. Some exchanges provide options such as PayPal, credit card, debit card, or direct bank deposit. Remember that each of these options has transaction fees attached, so it’s important to select the option that suits you.
Enter the number of funds you want to deposit and review the transaction. Once you pay the amount, an email notification will be sent to you when the transaction is executed. You can proceed to the market section to buy ZCash.
Step 3. Buy ZCash
In most exchanges, you will see a button that says “Markets” or “Exchange”, depending on the exchange. Click on the link and select the right currency pairing you want to buy. In this case, you should select the ZEC/EUR if you’re buying ZCash with euros.
Go to the “Buy” tab and enter the amount of ZCash you want to buy. If the exchange doesn’t have a direct pairing of euros with ZCash, you can buy the ZEC/BTC option and convert the Bitcoin to ZEC on the exchange afterward.
Remember to review your order before hitting the “confirm” button. Once the order is received and executed, the amount of ZCash you bought will be credited to your online account.
How to Sell ZCash
You can sell ZEC right on the exchange you bought it. It is similar to step 3 above, but you will be clicking the “Sell” button. In this case, you will be clicking the reverse pairing order, which is EUR/ZEC, if you want to sell ZEC for EUR.
Which Wallets can I Use to Hold ZCash?
ZCash can be held in multiple types of wallets, but they are classified into hardware wallets and software wallets. They can also be grouped into web-based wallets (software wallets), mobile wallets, as well as desktop wallets. But make sure you choose the right one that lets you make use of your token the way you want.
How ZCash Works
ZCash makes use of zero-knowledge cryptography called zk-SNARK, developed by the team behind ZEC. The platform enables the network to maintain a secured ledger while keeping the amount transferred recipient, sender, and recipient private. It uses the ZEC cryptocurrency as its native token, which has become very popular within the crypto community over the years.
Key Things to Consider if You're Thinking about Buying ZCash in Ireland
Before buying ZCash, the following are some of the important things you should consider.
As we have said earlier, ZCash (ZEC) is one of the most popular crypto assets in the world today. It is widely available across exchanges, making it quick to trade on platforms.
ZEC has a lot of competition in the market, which may affect its fast adoption. Other alternatives to the crypto asset include Verge, Dash, Monero, Bytecoin, and NavCoin. However, ZCash is one of the most preferred by crypto enthusiasts.
The crypto market is highly speculative and volatile. As a result, you need to keep your eyes open to get first-hand information about market changes. These may have a major impact on price movements.
Read Also: Could Zcash Be A Millionaire-Maker?
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Where can I buy ZCash in Ireland?
You can buy ZCash in crypto exchanges in Ireland.
Can I buy ZCash with PayPal?
Yes, some crypto exchanges accept fiat currency as deposits into their platforms. So, you can buy the token on such exchanges.
Where can I store ZCash?
The safest way to store your ZCash is in a hardware wallet or a software wallet.