Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Zcash. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Zcash

Australia has a decent amount of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Zcash. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Zcash in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Zcash

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Zcash in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Zcash, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Zcash.

Also, take a look at our analysis of the best bitcoin brokers in Australia if you’re looking to learn more about which ones we like.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Zcash, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Zcash

The final step is to go to their asset list, find Zcash, navigate to the buy section, and then trade your AUD for some ZEC. Once you’ve bought Zcash, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Zcash (ZEC)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Zcash

If you’re thinking about selling Zcash, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on Zcash in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Zcash for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Zcash in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Zcash with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Zcash. Have a look on their site first, you might be lucky.

How to buy Zcash with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Zcash with your credit/debit card.

About Zcash

Zilliqa is a public, permissionless blockchain that can process thousands of transactions per second. It employs sharding to solve the problems of speed and scale in blockchain. It hosts many decentralized apps and, as of October 2020, it allows yield farming and stake.

Zilliqa began its development in June 2017, and the testnet launched in March 2018. Just a little over a year later, the platform launched its mainnet.

Zilliqa's native utility token, ZIL (Zilliqa Native Utility Token), can be used to execute smart contract and process transactions on Zilliqa's network.

Zilliqa claims that it is the first public Blockchain to rely entirely on a sharded network. Zilliqa claims it can achieve high throughput as well as high transactions per second, which solves the scaling problem. Each shard processes transactions separately, so the number of transactions per second will increase as the network grows. After transactions have been processed, they are immediately added to the Zilliqa blockchain. This eliminates the need for additional confirmation.

Zilliqa is a leading blockchain platform for large-scale enterprise usage. This applies to the entertainment, financial and payments industries. In its 2018 position paper, the platform states that it "aims at competing with traditional centralized payment methods such as VISA and MasterCard."

Anquan Capital and Zilliqa Research, the company that created Zilliqa, both have significant ZIL reserves.

Zilliqa, which generated over 900 blocks per hour when it launched its main network in 2021, is still active and processes millions of transactions each month. The blockchain continues to grow, with an average of more than 900 blocks per hour when it launched its main network in 2021 and now producing more that 2500 blocks per daily.

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