Buy ZCash (ZEC) in Malaysia
Almost every investor, thinks or has thought about how to save their funds, hiding their presence and movement from prying eyes. Anonymous cryptocurrencies, which allow you to partially or completely hide the details of transactions, are perfectly suited for this purpose.
Cryptocurrency Zcash(ZEC)- developed by Zerocoin Electric Coin Company. The blockchain network was launched on October 28, 2016.
Zcash(ZEC)- a fully anonymous, decentralized open code coin, transactions are fully confidential, i.e. it is impossible to trace the information about the recipient and the sender.
Only the parties involved know about the transaction.Compared to other cryptocurrency systems, Zcash guarantees the highest degree of information security. The creators are actively working to improve digital currency and eliminate the shortcomings that were discovered after the launch of the network.
The advantages of this anonymous cryptocurrency include the following:
- High level of privacy of the network;
- The ability to create applications using this Blockchain technology, which uses a method of proof without disclosure;
- The ability of the system to work without linking coins to the entire history of the network.
The disadvantages of this system also exist:
- Six participants in a transaction can agree among themselves to keep a public key;
- The possibility of creating a new public key due to possible information leakage;
- The network requires a lot of computation to perform a transaction.
How to buy ZCash (ZEC)?
Volatility is a dominant feature of digital assets. However, this volatility does not just happen; it is motivated by certain variables. Identifying and observing these variables will help in predicting prices.
The factors can be external or internal. For Zcash, here are the factors motivating its prices.
Nothing influences the market like supply and demand. For a digital asset like Zcash with limited supply, the effect is more pronounced. These two factors work hand in hand to determine the value of Zcash. However, other factors affect supply and demand. Thus, it can be viewed as an overarching factor. It is important to study and pay attention to supply and demand, especially when you are investing.
There are several common ways to buy ZCash in Malaysia.
One such way is through a cryptocurrency exchange . To start investing in ZCash, you need to open a cryptocurrency wallet on the exchange that suits you.
Another convenient counterpart to buying ZCash is using contracts for difference - CFDs. Purchasing ZCash on a CFD brokerage platform is quite simple for novice traders, because you simply speculate on the ups and downs of ZCash without owning the asset itself. It is because of the simplicity and ease of interface that any beginner can achieve good results.
How to start trading ZCash (ZEC)?
To start trading the ZCash cryptocurrency without losses and, so to speak, to "gain a hand", the most correct solution would be to trade on a demo account through an online platform. The presence of a demo account is a distinctive feature of high-quality and reliable trading terminals.
How to Register?
How to open a demo account?
Many people ignore demo accounts and go straight to real trading. There is no experience and knowledge yet, the maximum is a couple of articles read or videos watched. But it is not enough. It is necessary to study all the functions on your own, and only then will you understand whether you need it or not.
To access the virtual account, you do not have to deposit money into the account. Demo is provided automatically and immediately after registration. So, as you have understood, you only need to go through the authorization process. Another feature of the demo account at IQ Option is the fact that you can restore the balance on it, and it is absolutely free.
How to open a real account?
After sending the form you will receive an email with the confirmation of the account opening to the email indicated upon registration. Follow the link and you will go to your personal cabinet on the broker's website. You will be offered to deposit to start trading.
How to fund a deposit?
There are many ways to deposit funds into an online trading platform account. You can use bank cards, online payment systems and online wallets. To check the options for replenishing your account, activate the "Deposit" option on the platform and the system will automatically redirect you to the section for settlement transactions, where you can choose a convenient way to replenish your account.
The funds will get to the balance of the trading account almost instantly, so you can start trading.
After depositing the account balance will be displayed in the upper right corner of the personal account, and then you can proceed to market analysis and execution of transactions. The whole process of opening an account takes a couple of minutes, the same amount is required for depositing.
Minimum deposit amount
The minimum deposit amount on online trading platforms is usually a few dollars. If your bank account is opened in a currency other than the account currency on the trading platform, funds will be converted automatically. The platform provides alarm services and you can use your smartphone to trade on the platform through the mobile trading application.
How to Withdraw?
The general mechanism of withdrawal remains the same regardless of the type of payment system. To withdraw money from your account, you need to do the following:
- Login to the platform;
- Click on user image in the top right corner of your screen;
- Select "Withdraw funds" from the list of available transactions;
- Select the appropriate payment system;
- Follow the instructions of the payment system.
How Zcash coins are created?
Zcash is mined just like most other cryptocurrencies. Governments or banks are centralized institutions that physically print money.
In contrast, Zcash and other cryptocurrencies use a decentralized approach. ZEC coins are created by the community through mining.
The underlying technology on which Zcash is based is the same as the technology behind Bitcoin. Both coins are mined by solving algorithms using computing power.
ZCash (ZEC) Investment Security
ZEC is a cryptocurrency that was the first to make users feel completely secure in terms of privacy. Even for people who have nothing to hide, it is important to understand that their transactions remain only between the sender and the recipient. After all, this is one of the main principles of cryptocurrency that Satoshi Nakamoto wanted to present to us. Even the start of ZEC on exchanges showed how much interest there is in it and that's no coincidence. The coin is really worthy of attention and investment and its future growth will surely give profit. So if you are looking for a cryptocurrency that you would like to buy for the long term - Zcash will be a good option.
The decision to buy Zcash is a personal one, and forecasts and data will only help you do so. In the short term, investing in Zcash looks challenging. That's because forecasts are not uniform. Some people think it will grow, others think it is a bad short-term investment.
However, opinions on long-term investments are fairly uniform. Almost every forecasting platform expects the price to rise in two to five years.
All young cryptocurrencies certainly aim to move Bitcoin off the pedestal. It is good to have far-reaching goals, but is it realistic? For Zcash is quite realistic, because the coin has an advantage in the form of complete anonymity. If that will be the main priority in the future, then of course users will actively buy ZEC. At the same time, let's not deny that the latest generation coins have a similar advantage and they can make a healthy competition to Zcash. In any case, the cryptocurrency has its chips, is in demand by users and investors.
As with most cryptocurrencies, the short-term price forecast for Zcash can be described in one word - volatility. The cryptocurrency market is still young and therefore unstable.
In the short term, we should expect quite large ups and downs.
In the medium and long term, Zcash is likely to slowly and steadily rise in value, as it has in the past.
You will see ups and downs, with some traders buying on drawdowns and selling on ups, although this is a riskier approach than long-term investing.
Investing in cryptocurrency is the choice of progressive people. Open an account today and invest in the future with us!