How to Convert ZEC to USDC
Find an exchange such as Rubix that allows you to convert Zcash (ZEC) to USD Coin (USDC) instantly. Most exchanges provide traders with a price calculator you can use to estimate the amount of USDC you will receive in your wallet. Your preferred exchange will convert your ZEC for floating rates according to the current best market exchange rates.
To convert ZEC to USDC, follow these simple steps:
- Find a reliable cryptocurrency exchange. Consider factors like 24/7 support, conversion speed, website responsiveness, and availability of direct ZEC/USDC trades
- Find the converter tool and select your crypto exchange pair – ZEC/USDC in this case
- Confirm your transaction. Double-check the amount of USDC you will get based on the current exchange rate
That is all! Check your new balance and you will see that your USDC has been added. Your exchange will send your USDC to your portfolio as soon as the ZEC/USDC exchange is completed.
About ZEC & USDC
What is Zcash?
Zcash was launched in 2016 to address the privacy concerns of Bitcoin traders. This privacy-focused decentralized cryptocurrency provides anonymity to its users. It allows people to trade knowing that their addresses and transaction data are obscured on the blockchain.
Many people prefer ZEC because it features a shielded address and zk-SNARK, a zero-knowledge proof to improve safety on the blockchain. This technology allows nodes to verify transactions without revealing the users’ information. It uses Equihash, a safe mining algorithm to issue new coins. You will be issued with the ticker ZEC if you want to trade your ZEC. Traders should never worry about compliance with audits and tax regulations because Zcash allows sharing of transaction metadata.
What is USD Coin?
The USD Coin is a stablecoin and a go-to choice for most traders during market volatility. USDC remains pegged to the U.S. Dollar in financial institutions. This collateral guarantees a 1:1 ratio with the U.S. Dollar. 1:1 ratio means that irrespective of the change in the cryptocurrency market, 1 USDC will always be equivalent to 1 U.S. Dollar. Circle and Coinbase worked jointly to develop the USDC on the Ethereum network to shield traders from losses and a store of value.
Reports on USDC and U.S. Dollar reserve backing in segregated accounts with different U.S.-regulated financial institutions are made public monthly to enhance transparency. Tokenized by the U.S. Dollar is popular for the following reasons:
- USDC remains stable despite adverse changes in the cryptocurrency market
- Fully reserved assets back USDC
- Ethereum powers USD Coin
- USDC is designed for global transactions.
Convert ZEC to USDC using Rubix
Use Rubix for real-time USD Coin to Zcash exchange rates. Converting ZEC to USDC using Rubix allows you to make an instant exchange — all within seconds. It offers you a simple and safe way to convert and manage your USDC from your account. You will get competitive conversion rates and the lowest transaction charges.
Locate the ZEC to USDC converter and double check the amount and conversion rates before clicking the exchange button to confirm the ZEC to USDC conversion. Rubix offers you other stable coins you can choose from to keep your ZEC safe. Manage your USDC from your Rubix account without worrying about the security of your investments.