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What is ZEC?

Zcash is a decentralized, open-source cryptocurrency designed to ensure that transactions remain anonymous and cannot be monitored. The privacy-focused payment system gives users complete control over their data and ensures the protection of their privacy.

Zcash was initially released in 2016 and was created as a fork in the Bitcoin blockchain. Unlike most cryptocurrencies, including Bitcoin (BTC), transaction data such as the sending and receiving addresses and amounts are not revealed in Zcash transactions.

The network does this by using a variation of zero-knowledge proofs (ZKPs), called zk-SNARKs, that enables sensitive transaction information to be encrypted. Therefore, transactions can be verified without having personal data divulged.

The native crypto asset ZEC has a finite supply capped at 21 million coins. ZEC tokens can be used to send and receive payments, pay for goods and services, and to trade on OKX!

Why buy ZEC with OKX?

What can I do after I buy ZEC?

Sell, trade, HODL

If you want to earn profit in the short term, you can sell or trade your ZEC tokens on OKX. Our trading bot can help you earn profits even during market downturns. But if you believe in the long-term success of ZEC, you can hold on to your ZEC tokens to benefit from later price appreciation.

Diversify your crypto portfolio

Like in the traditional stock market, it is always advisable to spread your crypto investments across different coins like ZEC. This reduces your risk when one of your crypto assets in your portfolio does not perform well.

Use Zcash for payments

Zcash was designed as a payment network. Therefore, you can easily use the ZEC tokens you buy on OKX to pay for goods and services or to send money to friends and family. Check if the merchant or seller you are interacting with accepts ZEC to send your tokens directly from your OKX wallet to their compatible one.

Earn more with Zcash

The OKX Earn program offers a range of crypto saving and staking schemes that yield high interest and returns. Instead of keeping your ZEC tokens idle in your trading account or wallet, stake them to earn more ZEC and grow your investment.

Use Zcash as collateral

You can pledge your Zcash coins as collateral to secure low-interest and flexible crypto loans on OKX. Visit our " Loan" page, select from any available 30 cryptocurrencies, and input the appropriate amount.

Automate your Zcash trades to earn profits

OKX Spot Grid trading bot can automatically buy Zcash at low prices and sell it for profits without you trading it actively. Go to our OKX trading window and switch the slider from "Manual trading" to "Trading bot" on the left-hand side of your screen. Select your preferred Zcash pair, and choose the "Spot Grid" option below the trading chart to automate your trade.

Convert Zcash

To avoid losses during periods of high volatility or bear runs, you can convert your Zcash to stablecoins like USDT or USDC with no fees using our 'Convert' feature.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Zcash (ZEC)

Buy Zcash with a credit/debit card

With OKX, you can seamlessly buy crypto directly with your MasterCard or VISA debit and credit cards. The simplest way to purchase ZEC tokens with a credit or debit card is to buy USDT and then exchange it for ZEC in the spot market.

Buy USDT from our peer-to-peer (P2P) Market

Navigate to our escrow-powered peer-to-peer trading window and purchase USDT tokens directly from trusted sellers using 40 payment methods. Then exchange your USDT tokens in the spot market for ZEC.

Convert other crypto to Zcash

If you hold BTC, SOL, OKB, MATIC, or any of the 100+ supported cryptocurrencies in an external wallet or on another exchange, you can send it to OKX and swap it for ZEC at zero fees and no spreads. All you need to do is transfer crypto to your OKX account and visit our OKX Convert page to swap the deposited asset for ZEC.

Buy Zcash in our spot trading market

Easily buy ZEC in our Spot Trading market. OKX has listed the ZEC token against USDT and USDC. You can transfer those coins to your OKX account to buy ZEC directly if you own them.

FAQs

How can I store Zcash after buying them on OKX?
You can easily store Zcash tokens in your OKX wallet. OKX ensures bank-level security, which is why over 20 million users place their trust in us. You can also transfer your Zcash tokens to any compatible cold or hot wallet like Zecwallet.
Which cryptocurrencies can I use to buy Zcash on OKX?
The OKX portal offers four Zcash trading pairs —- ZEC/USDT, ZEC/BTC, ZEC/ETH, and ZEC/USDC. You can buy ZEC with BTC, ETH, USDC and USDT tokens. These cryptocurrencies can be purchased on OKX using fiat currencies either directly or in the P2P market.
Can I buy Zcash futures contract on OKX?
Yes. Head over to "Margin Trading" under the "Trade" tab in the header menu. Enter "ZEC" in the search bar in the "Futures" market, and the results will include Zcash derivative products. Select the desired product and process the transaction.
What are the fees for buying Zcash on OKX?
OKX has one of the lowest fee structures in the crypto industry. For more information, please read our section on fees.
Can I profit from Zcash using OKX trading bot?
Yes! Our trading bot offers a range of strategies to help you earn profit irrespective of crypto market direction. For example, you can choose to automatically buy Zcash coins at a low price and sell them at a high price.
What are the most popular cryptocurrencies to invest in today?
Top crypto, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other crypto, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any crypto.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of crypto and trading pairings. Some of the most popular crypto on OKX include BTC, ETH, USDT, DOGE, SOL and OKB. You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.