How to buy ZEC?

Zcash is a privacy-focused cryptocurrency that uses advanced trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security. 

If you have been following the price action and are curious as to how to buy Zcash, this article will provide you with an overview price of ZEC, a step by step guide for buying it on SunCrypto, along with an updated look at price action.

How to buy ZEC on SunCrypto?

Purchasing Zcash (ZEC) coin or any cryptocurrency in India is straightforward, but choosing a reliable exchange is crucial. SunCrypto emerges as a trusted crypto exchange in the Indian crypto market, adhering to regulatory standards and providing a secure trading environment. Here’s how you can buy and trade this coin easily:  

1. Download the SunCrypto app from the Google Play Store or the Apple App Store.
2. Register and complete the KYC process, then link your bank account within the app.  
3. Deposit INR using UPI, RTGS, IMPS or deposit via registered bank account (NEFT).  
4. Search for the token in the INR market section and select it.  
5. Tap the “BUY” button, enter the desired purchase amount, and proceed by clicking “PAY.”  
6. Enter your MPIN to confirm and complete the transaction.  

Once you’ve completed your purchase, you can check your holdings in the portfolio section.

Buy, sell, and own ZEC instantly

SunCrypto’s spot trading facilitates buying and selling of the Zcash crypto at live market prices, where you own it instantly once the order is executed. Users can buy and sell this coin for a minimum INR margin of ₹150. 

Go long or short on ZEC Futures in INR & USDT margin

SunCrypto’s Futures Trading feature allows users to trade crypto derivatives with both INR and USDT margin options on Zcash. The platform allows eligible users to trade ZEC crypto futures with the lowest INR of ₹100. Users can trade with up to 40x leverage, thus amplifying the profit potential to a great extent. Instead of purchasing the underlying asset, traders speculate on future price movements and can take either long or short positions depending on market sentiment. 

What makes Zcash coin different from other cryptocurrencies?

• Selective Privacy: Unlike Bitcoin, where every transaction is public, or Monero, which is private by default, Zcash gives you a choice. You can use transparent addresses (T-addresses), which function like Bitcoin addresses, or shielded addresses (Z-addresses), which conceal your transaction data.
• zk-SNARKs Proofs: This technology allows the network to mathematically verify that a transaction is valid without revealing who sent the funds, who received them, or how much was transferred.
• Bitcoin Roots: Zcash shares a fixed maximum supply of 21 million coins with Bitcoin, but it operates on a much faster block time of about 75 seconds, compared to Bitcoin’s roughly 10 minutes.

Zcash price overview

At press time, ZEC coin was trading at $496.28 which has climbed by 2.6% in the past 24 hours. It has a market capitalization of $8.377B and the 24-hour trading volume is $217.512M. Its circulating and total supply is 16.874M but the total supply is 21M. 

Zcash price is on the verge of breakout, Will it reach the $1000 mark soon?

ZEC price has witnessed bullish momentum on a daily timeframe and has surged by 1149% in a year. Amid this bull run, the price has surpassed the 200-days EMA and converging in a symmetrical triangle. Furthermore, it has reached the breakout territory but trading over the key moving averages. 

Once the price triggers a breakout from the symmetrical triangle, buyers might show interest. Zcash price is trading over the key moving averages which can act as a catalyst to boost the bullish momentum.

Here, trading volume can also play a major role to succeed the breakout. If the trading volume increases at the time of breakout, the price could extend to the $1000 mark in the next few weeks or months. 

Conversely, if the price slips below the key moving average then it could be a bearish sign. Once the price sustains below the 200-days EMA, sellers might be confident and a bearish trend can be seen.

Final thought

Zcash’s privacy-first design continues to set it apart in a market increasingly focused on transaction confidentiality, and the recent price action reflects growing investor interest in that use case. While ZEC’s coin is currently trading above the 200-day EMA and its moving within the symmetrical triangle pattern which both are technically bullish signals, whether the coin pushes toward the $1000 mark will likely hinge on sustained trading volume confirming the breakout. 

As with any technical setup, the reverse is equally possible: a slip back below key moving averages could just as easily invite selling pressure. For traders looking to participate either way, SunCrypto offers both spot markets for straightforward accumulation and futures with up to 40x leverage for those looking to position on short-term moves. As always, crypto markets remain volatile, and any decision to buy, sell, or trade ZEC should factor in your own risk tolerance and research. This isn’t financial advice, just a read on where the chart currently stands.