Detailed buying, selling and trading tutorials for Zcash (with pictures and text)

To purchase ZEC on a centralized exchange like Coinbase, create an account, complete KYC, fund your account, and navigate to the "Buy" section to select ZEC and enter the desired amount.

Oct 17, 2024 at 09:36 am

Comprehensive Tutorial for Buying, Selling, and Trading Zcash (ZEC)

1. Choosing a Platform for ZEC Transactions

• Centralized Exchanges: Coinbase, Binance, Kraken
• Decentralized Exchanges (DEXs): Uniswap, PancakeSwap, 1inch
• Peer-to-Peer (P2P) Marketplaces: LocalBitcoins, Paxful

2. Buying ZEC

2.1. On Centralized Exchanges

1. Create an account and complete KYC.
2. Fund your account via bank transfer, credit/debit card, or supported cryptocurrencies.
3. Navigate to the "Buy" section.
4. Select ZEC and enter the desired amount.
5. Review and confirm the transaction.

2.2. On DEXs

1. Connect your wallet to the DEX.
2. Search for ZEC/ETH, ZEC/BNB, or other available trading pairs.
3. Enter the amount of ZEC you wish to buy.
4. Execute the trade and pay the transaction fee.

2.3. On P2P Marketplaces

1. Create an account and verify your identity.
2. Filter offers for ZEC in your desired currency.
3. Contact the seller and discuss the payment method and exchange rate.
4. Complete the transaction and release the funds to the seller.

3. Selling ZEC

3.1. On Centralized Exchanges

1. Navigate to the "Sell" section.
2. Select ZEC and enter the amount you wish to sell.
3. Place a sell order at the desired market or limit price.
4. Monitor the order and execute when it matches.

3.2. On DEXs

1. Connect your wallet to the DEX.
2. Search for the desired ZEC trading pair.
3. Specify the amount of ZEC you want to sell.
4. Create and approve the transaction, paying the necessary fee.

3.3. On P2P Marketplaces

1. Create a sell order and set the desired price.
2. Wait for a buyer to contact you.
3. Discuss the payment method and exchange rate.
4. Release the ZEC to the buyer after payment has been received.

4. Trading ZEC

4.1. Spot Trading

• Buying and selling ZEC immediately at the current market price.

4.2. Margin Trading

• Borrowing funds to amplify potential profits but also risks.

4.3. Futures Trading

• Contracts to buy or sell ZEC at a specific price in the future.

4.4. Options Trading

• Contracts that give the buyer the right (but not the obligation) to buy or sell ZEC at a predetermined price by a certain date.