Buy, Sell, & Trade ZEC
Exchange ZEC with USD and Cryptocurrency
While decentralization can be risky, it can also be lucrative. That’s why more and more people are investing in cryptocurrency such as ZEC, taking advantage of the ability to transfer assets directly. Keeping track of price charts helps guide you on investments and selling prices when exchanging ZEC for USD or other cryptocurrencies.
What is ZEC?
ZEC, or ZCash, is a digital currency similar to bitcoin (BTC). ZEC uses the same codebase as BTC and has a market cap of 21 million; thus, its value depends on its current availability. The central difference between ZEC and BTC is that ZEC emphasizes privacy; users can participate in transactions anonymously.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created ZEC?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade ZEC
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange ZEC using Rubix Swap
Acquiring ZEC is easy using the in-built swap tool in the Rubix wallet. Instead of going to a ZEC exchange and transferring your cryptocurrency, you can trade for ZEC directly from your Rubix wallet. The Rubix Swap feature supports not just ZEC trading, but most major cryptocurrencies, which you can easily exchange, and even for fiat currencies, like the dollar and euro. Rubix Swap is a simple way to manage your cryptocurrency assets, pay for products, send funds and make bets with friends — all while keeping your funds safe. Keep your ZEC secure with Rubix.