Zcash is a cryptocurrency that has been forked from the Bitcoin protocol. The coin was initially launched in 2015 by Zcoin Foundation. Its informal three-letter code is ZEC. Zcash has a transaction fee of 0.00001 ZEC, which is significantly lower than popular cryptocurrencies. With a transaction speed of 6 TPS, Zcash also enables fast transactions. 

What sets Zcash apart from other cryptocurrencies is that it ensures greater security by offering two kinds of addresses for carrying out transactions: private and transparent. Moreover, the limited supply of Zcash will ensure that the token’s value rises in the future, making it an excellent investment. You can easily convert your Zcash coins to traditional money using one of these methods. 

Use Zcash Cryptocurrency Exchanges
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Use Zcash Cryptocurrency Exchanges

The most common way to exchange your Zcash tokens for fiat currency is through a cryptocurrency exchange. Just follow these steps, and you should be able to exchange your tokens for traditional money:

  • Create an account on the platform that you have selected. 
  • Link your bank account to this account.
  • Transfer your ZEC tokens from your crypto wallet to your account.
  • Select the fiat currency you want to exchange your tokens for. 
  • The due amount will be reflected in your account after the transaction is processed. 
Sell Zcash to Another Person
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Sell Zcash to Another Person

You can also sell your Zcash tokens to another person to exchange your tokens for traditional money. Two types of platforms allow people to sell their tokens to another person.

The first one is a P2P platform. It enables people to conduct transactions directly with other people. There is no involvement of third-party institutions in these transactions, so the people are free to execute them according to their needs. The buyer directly contacts the seller, and the deal is carried out. 

Another type of platform is brokerage. These are exchange platforms that employ a third-party institution to conduct transactions. A broker takes care of every aspect of the transaction, from choosing the buyer to looking for an opportune moment to sell Zcash. The broker takes all decisions. You just have to pay brokerage fees.

Use Zcash ATMs
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Use Zcash ATMs

Zcash ATMs are cryptocurrency ATMs which allow you to buy or sell your Zcash coins in exchange for traditional money. These ATMs are quite similar to regular ATMs; the only difference is that the kiosk accepts and dispenses cash in exchange for your Zcash tokens. You can easily find a Zcash ATM near you using the ATM map given on their website. Using a Zcash ATM is very simple. Just follow the steps given below:

  • The ATM will display a message to enter your mobile number, so enter the mobile number you wish to use.
  • You will get a verification code. Enter the code to start the process.
  • The screen will display a “Sell Zcash” option. Click on it.
  • Send your Zcash tokens to the buyer’s crypto wallet.
  • The machine will dispense cash worth your Zcash tokens.

FAQs

Can I exchange my Zcash coins for traditional currency?

Yes, you can exchange your Zcash tokens for traditional money via cryptocurrency exchanges, by selling your tokens to another person, or by using a Zcash ATM. 

How do I sell my Zcash tokens to another person?

Two kinds of platforms allow you to sell your Zcash to another person, P2P and brokerage platforms. 

Why is Zcash considered to be more secure than other cryptocurrencies?

Zcash addresses can be transparent and private, with the latter not publicly visible, offering users higher levels of security. 

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