What is ZEN coin? Introduction to platforms that can buy and sell ZEN coins

ZEN, formerly known as Zcash, is a privacy-centric cryptocurrency designed to protect user transactions and financial data, offering enhanced anonymity features like zk-SNARKs to hide transaction details.

Oct 05, 2024 at 10:54 pm

What is Horizen (ZEN) Coin?

ZEN, formerly known as Zcash (ZEC), is a privacy-centric cryptocurrency designed to protect user transactions and financial data. Unlike traditional cryptocurrencies like Bitcoin, ZEN offers enhanced anonymity features, making it a popular choice for privacy-conscious individuals.

Key Features of ZEN

• Strong Privacy: ZEN utilizes zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) to hide transaction details, such as sender, receiver, and amount. This ensures complete anonymity for users.
• Transparent Validation: While transactions are private, ZEN utilizes a public blockchain. This allows for the transparent validation of transactions without revealing any personal information.
• Scalability: ZEN has implemented improvements to increase its transaction processing speed and reduce fees. This enables faster and more affordable transactions.

Platforms to Buy and Sell ZEN Coins

Several reputable cryptocurrency exchanges and platforms allow users to buy and sell ZEN coins. Here are some of the most popular options:

1. Binance: Binance is one of the largest cryptocurrency exchanges globally, offering a wide range of crypto assets including ZEN.
2. KuCoin: KuCoin is another leading cryptocurrency exchange known for its low fees and diverse selection of coins.
3. Kraken: Kraken is a long-established cryptocurrency exchange with a strong reputation for security and liquidity.
4. Bittrex: Bittrex is another popular exchange that supports ZEN trading.
5. Coinbase: Coinbase is a popular cryptocurrency trading platform suitable for beginners, but it does not currently support ZEN.

How to Buy ZEN Coins

1. Create an account on one of the recommended exchanges listed above.
2. Fund your account using supported fiat currencies or other cryptocurrencies.
3. Find the ZEN trading pair and execute a buy order at your desired price.
4. Once the order is filled, the ZEN coins will be credited to your exchange wallet.

How to Sell ZEN Coins

1. Locate your ZEN balance in your exchange wallet.
2. Navigate to the selling or trading interface on the exchange.
3. Enter the amount of ZEN you wish to sell and set your desired price.
4. Place a sell order and wait for it to be matched with a buy order.
5. Once the order is filled, the proceeds will be credited to your exchange account.

Conclusion

ZEN coin offers robust anonymity features and scalability, making it an attractive option for privacy-minded users. Numerous established cryptocurrency exchanges provide platforms for buying and selling ZEN coins, enabling users to conveniently access this privacy-centric crypto asset.