Zcash (ZEC) is a cryptocurrency with a heavy focus on privacy. In fact, it belongs to an entire sector of the crypto industry known as privacy coins, where anonymity is the name of the game. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.
Contrary to a common misunderstanding, most cryptocurrencies are not anonymous, but only pseudonymous. They do not explicitly reveal the user’s identity, but each user has their own public address or addresses, which can be traced back to them through data science and blockchain forensics.
With Zcash, this is not possible, since ZEC transactions do not reveal the sending and receiving addresses, nor the amount that is being sent. Because of this, it is generally disliked by the authorities, which forced most regulated crypto exchanges to delist the asset, but it can still be found on certain platforms, including Best Wallet.
Why Use Best Wallet To Buy Zcash Coin?
Apart from being one of only a handful of places where Zcash can be found, Best Wallet is also recommended by the experts as the ideal wallet for everyone. It features an intuitive, user-friendly interface that anyone can easily understand and navigate, even if they are a first-time user who is brand-new to crypto.
However, at the same time, it offers a vast range of features that make it useful even to advanced traders and investors. For example, the wallet supports a variety of blockchains, meaning that it can be used to store nearly any crypto running on those chains. Not only that, but it also lets you buy cryptos with fiat directly inside of its app, and also swap them for one another seamlessly, regardless of what chain they are on.
Since it doesn’t require its users to complete KYC – which is not necessary for wallet apps – that means that you can trade cryptos and invest in them anonymously inside Best Wallet, whereas most centralized exchanges require you to go through ID verification in order to use them.
Best Wallet also lets you connect your other wallets to it in order to more conveniently monitor and manage your assets from one place, so you don’t have to transfer your coins and tokens if you already have pre-built portfolios elsewhere. On top of that, the wallet is non-custodial, meaning that you are the one holding both your private and public keys, so only you have access to your assets.
Finally, the wallet even lets you invest in new cryptocurrencies that are still in the early-stage token sale, thanks to its native launchpad. Simply navigate to the Upcoming Tokens section of its app, and you can freely browse and invest in any upcoming cryptocurrency.
How To Buy Zcash Crypto in Best Wallet?
To buy Zcash coin inside Best Wallet, you must first get the wallet’s app installed on your device. Since Best Wallet is only available for mobile devices, you have to get it for your tablet or smartphone. However, it supports both Android and iOS devices, so most mobile devices should be compatible.
Simply go to your device’s dedicated app store and look it up via the search feature. The installation should only take a few seconds, and after that, you can tap on the app icon to launch Best Wallet. Once inside, you will have to register for an account, but since there is no KYC, all you need is an email address.
With your account created, you can proceed to the Trade tab, which is the second tab on the left at the bottom of your screen. There, you will find several options for managing your assets, including Buy, Send, Swap, Receive, and History.
Tap the Buy option and you will see all the available coins and tokens. Scroll down the list until you find Zcash, or use the search feature to get to it quickly. Tap on its name, and doing so will take you to the buying screen, where you can enter the number of ZEC coins you wish to purchase or the amount of money you wish to spend. You can also select your preferred payment method and the fiat currency you wish to pay with.
With these details sorted, tap the Buy ZEC button, enter your payment details, and that’s all there is to it.
Note that, if you prefer to trade on a PC, Best Wallet will not be available, but you can use MEXC exchange for buying crypto with no KYC. You will still have to verify your ID for more advanced options, however.
Best Wallet Continues To Evolve
As mentioned earlier, Best Wallet is a multi-chain wallet that already supports a variety of blockchain networks, but its goal is to add many more over time, through a series of updates. One such update that arrived in August introduced support for Solana’s network, onboarding the SOL coin and many other Solana-based tokens.
Then, September saw the launch of v2.11, which did not enable support for new chains and coins, but it introduced some new features while expanding existing ones. For example, the wallet added advanced gas controls, allowing users to speed up or cancel transactions, which will be of huge help for tackling stuck claim transactions.
Next, it introduced support for the French and Italian languages, and it enabled users to invest in Upcoming Tokens using SOL. It also expanded the wallet’s Rewards tab, introducing 7-Day streaks which give rewards for those who open the app every day, and it introduced a new UI to enable smoother and more immersive interactions.
Should You Buy Zcash Crypto?
Lastly, consider whether or not to buy Zcash coin in the first place. The coin is one of the most sought-after cryptocurrencies among those users concerned with their financial privacy, but since this can be misused, it is difficult to find, since the authorities around the world forced crypto exchanges to delist privacy coins.
Even so, ZEC coins remain popular, and have actually seen a massive price boost in the last month. The Zcash price went from $55 on September 28 to $292 on October 12, and while it dipped to $200 after the resistance at $300 rejected its price, the project is already halfway to reaching it again.
If you wish to perform anonymous transactions and buy Zcash crypto, the Best Wallet app can allow you to do just that with no KYC, so consider joining today.
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