Buy Zcash with a Credit Card
You can buy ZEC for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Zcash price dynamics and history, get some answers to your questions, and find some useful links to read more about what is ZEC.
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Zcash Live Price Chart
ZEC price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
The Zerocash protocol, initially known as the Zerocoin protocol, is a privacy-focused protocol that was designed to improve the privacy and anonymity of transactions on a blockchain. It was first introduced in 2013 as an extension to the Bitcoin protocol, and later became the basis for the Zcash cryptocurrency.
The Zerocash protocol was developed by a group of researchers at Johns Hopkins University, led by professor Matthew D. Green. The initial paper outlining the Zerocoin protocol, titled "Zerocoin: Anonymous Distributed E-Cash from Bitcoin", was published by the researchers in 2013.
The team that developed the Zerocoin protocol included Matthew D. Green, Ian Miers, Christina Garman, and Aviel D. Rubin. The researchers sought to address concerns around the lack of privacy in Bitcoin transactions, which are publicly visible on the blockchain.
The Zerocoin protocol was later adapted and improved upon to create the Zerocash protocol, which forms the basis for the Zcash cryptocurrency. The development of Zcash was led by Zooko Wilcox-O'Hearn, who is the founder and CEO of the Zcash Company.
The Zerocoin protocol uses a combination of cryptographic techniques to ensure the security of transactions. It uses zero-knowledge proofs to prove that a transaction is valid without revealing any information about the parties involved or the transaction amount. It also uses digital signatures to ensure that transactions are authenticated and cannot be tampered with.
The Zerocoin protocol uses a process known as "minting" to create new coins that are completely unlinkable to their previous transaction history. This is done by allowing users to convert their existing coins into a special form of coin known as a "Zerocoin" that has no transaction history associated with it.
When a user wants to spend their Zerocoin, they "redeem" it by converting it back into a regular coin. The Zerocoin protocol ensures that the transaction cannot be traced back to the original coin, and that the identities of the parties involved in the transaction remain anonymous.
The Zerocoin protocol has since been improved upon, and is now known as the Zerocash protocol. This protocol is used in the Zcash cryptocurrency, and provides even stronger privacy and anonymity guarantees than the original Zerocoin protocol.
Zerocash is not governed by any central authority or organization. It is an open-source protocol that is maintained by a community of developers and users who contribute to its development and improvement. Changes to the protocol are proposed through a decentralized process, and are subject to review and approval by the community.
ZEC crypto is a cryptocurrency based on the Zcash protocol launched in 2016. ZEC has a fixed supply of 21 million coins, similar to Bitcoin. However, unlike Bitcoin, ZEC uses a different mining algorithm known as Equihash, which is designed to be resistant to ASIC mining.
ZEC can be bought and sold on a number of cryptocurrency exchanges, including Binance, Kraken, Huobi Global, Coinbase, Bittrex, etc, and can also be stored in a variety of cryptocurrency wallets, including Zcash official wallet, Ledger Nano S, Trezor, Jaxx Liberty, Atomic Wallet, etc. As with all cryptocurrencies, the value of ZEC can be volatile and subject to significant fluctuations based on market demand and other factors.
Many exchanges allow converting USD and many other currencies to ZEC; in fact, you can find offers allowing you to buy Zcash at SwapSpace. Usually, users have to create an account on the exchange by providing an email address and creating a strong password. It can also be required to provide additional verification information, such as government-issued ID. Then it’s necessary to fund the account by depositing fiat currency (such as USD, EUR, or GBP) or other cryptocurrencies (such as Bitcoin or Ethereum) into the exchange. After that users can place an order to buy Zcash or exchange ZEC to USD.
How to Buy ZEC on SwapSpace
On this page, we put USD in the “You send” and ZEC in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Zcash address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
