Zcash (ZEC -2.03%) is one of the most popular privacy coins, which are cryptocurrencies that offer confidential transactions. The level of privacy with Zcash is within your control. You can decide whether you want your transaction details to be shielded (private) or transparent (public).
What does ZEC mean in crypto?
The Zcash network (ZEC), which was launched in 2016, aims to offer more privacy for transactions than Bitcoin does. With the help of a cryptographic technology called zk-SNARKS, Zcash provides users with the option to shield information about the sender, receiver and balance of a transaction.
Is ZEC on Coinbase?
Yes, Zcash is currently available on Coinbase's centralized exchange. For more detailed instructions, check out our helpful how to buy Zcash guide.
What is the purpose of Zcash?
Store it, spend it or send it. Zcash is a digital currency — and a store of value — that keeps all your financial information private and in your control. Zcash is a cryptocurrency built to empower economic freedom.
How do I withdraw from ZEC?
- Navigate to your Wallet and click the Withdraw button.
- Select ZEC wallet in the “Withdraw from” field.
- Select withdrawal address or add a new withdrawal address.
- Enter the amount of ZEC you wish to withdraw.
- Click Review withdraw button.
- A confirmation screen will pop up.
Does Coinbase support Zcash?
Fortunately, you can buy Zcash on Coinbase's centralized exchange. It's quick and easy. Here's a step-by-step guide on how to buy Zcash.