What Is Zcash?
Launched in 2016, Zcash (ZEC) Zcash is a decentralised peer-to-peer cryptocurrency. Currently in 28th position in coinmarketcap rankings, it was created as a fork of Bitcoin, and like Bitcoin, it has a hard limit of 21 million coins. However, Zcash differs somewhat in that it offers complete and total privacy for its users.
Any business looking to accept Zcash payments can facilitate the transaction process via a Zcash payment gateway, a decentralised payment platform which enables merchants to accept payments with Zcash coins.
Accepting Zcash on your website means you can capitalise on the trends and cater for current and future consumers who are on the lookout for a merchant processor, in particular merchants that accept Zcash. Providing a payment service as such will also make your business stand out from the competition.
The popularity and growth of Zcash as a means of payment has made integrating a merchant account fast and easy. All you need is an initial set up and you’re ready to go.
How to Get Started
Gateway Integration, Merchant API, Payment Button
Plisio service allows you easily to get payments in the most popular cryptocurrencies, including Zcash. And to make operations easier, all received payments are automatically calculated in EUR / USD or in ZEC, depending on the parameters you set.
To integrate our payment gateway on your site, choose:
- One of the ready-made Plisio integrations for e-commerce content management systems or web-billing platforms
- API for a developer that can be customized for any website and other platforms
- Payment buttons for accepting donations or simple payments (for example, if you sell only one or a few products)
To start accepting Zcash, as well as Bitcoin, Ethereum, Litecoin and other cryptocurrencies, first sign up. Then create API credentials if you are going to use our e-commerce plug-ins or APIs. If not, just create your payment button.
To keep all payments received in a cryptocurrency (i.e. receive payments in zcash) on Plisio, verification is not required.
Accept Cryptocurrency Payments in 4 Simple Steps
Frequently Asked Questions
Zcash is a decentralized, open-source cryptocurrency that offers privacy and selective transparency of transactions. Unlike Bitcoin, which allows for public and transparent transactions, Zcash provides the option to shield transactions, hiding the identity of the sender, recipient, and amount of the transaction. This is achieved through a cryptographic technique called zero-knowledge proofs. Zcash is also based on a blockchain and uses consensus algorithms to verify and validate transactions on the network.
Zcash can be mined using specialized mining software and hardware, such as a Graphics Processing Unit (GPU) or an Application-Specific Integrated Circuit (ASIC). Here's a basic overview of the process:
- Set up a Zcash wallet: Before you start mining, you need to have a place to store the Zcash you'll earn. You can set up a wallet on your computer or mobile device.
- Choose a mining pool: Zcash mining can be done solo, but it's more efficient to join a mining pool where multiple miners contribute computing power to increase the chances of solving a block and earning rewards.
- Download and install mining software: There are several mining software options available for Zcash, including Claymore, Optiminer, and Bminer. Choose the one that works best for your hardware and operating system.
- Configure your mining software: Once you have your software installed, you'll need to configure it with your wallet address and the address of the mining pool you've joined.
- Start mining: Once you've completed the above steps, you can start mining Zcash. Your mining software will connect to the network and start working on solving blocks and earning rewards.
Please note that mining Zcash can be a complex process and requires a significant amount of computing power and electricity, so it may not be suitable for everyone. Before you start mining, it's important to consider the costs involved and whether it's economically viable for you.
To buy Zcash, you can follow these steps:
- Choose a cryptocurrency exchange: You can choose from a variety of cryptocurrency exchanges that offer Zcash, such as Binance, Coinbase, Kraken, and others.
- Register and verify your account: To buy Zcash, you will need to create an account on the exchange of your choice and verify your identity by providing the required personal and financial information.
- Add payment method: You will need to add a payment method to your account, such as a bank account or credit/debit card, to purchase Zcash.
- Buy Zcash: Once your account is set up, you can navigate to the Zcash trading pair and place an order to buy Zcash. You can choose to buy at the market price or set a limit order at a specific price.
- Store Zcash: After your purchase, you will need to store your Zcash in a secure cryptocurrency wallet. You can store it on the exchange's built-in wallet, but it's generally recommended to withdraw it to a personal wallet for added security.
Please note that buying Zcash and other cryptocurrencies involves risks, and you should carefully consider these risks and do your own research before investing.
To sell Zcash, you will need to follow these steps:
- Choose a cryptocurrency exchange that supports Zcash: There are many popular cryptocurrency exchanges that support Zcash, such as Binance, Kraken, and Bitfinex, to name a few. Choose an exchange that operates in your country and has good security and user-friendly features.
- Create an account: Once you have chosen an exchange, sign up for an account. You will need to provide your name, email address, and some personal information. You may also need to complete a verification process, such as uploading your ID and proof of address.
- Add Zcash to your account: Once your account is set up, you can deposit Zcash into your exchange wallet. This is usually done by sending Zcash from your own wallet to the exchange's wallet address.
- Place a sell order: After you have deposited Zcash into your exchange account, you can place a sell order. This is done by specifying the amount of Zcash you want to sell and the price you want to sell it for. The exchange will then match your sell order with a buyer and complete the transaction.
- Withdraw your funds: Once the transaction is complete, you can withdraw the funds to your own bank account or another cryptocurrency wallet. The withdrawal process can take a few days to complete, depending on the exchange's policies.
It's important to remember that cryptocurrency prices can be volatile, so it's always a good idea to do your own research and consult a financial advisor before making any investments.
Yes, Zcash is similar to Bitcoin in many ways. Both are decentralized, open-source cryptocurrencies that use blockchain technology to record and verify transactions. However, there are some key differences between the two.
One of the main differences is the level of privacy and anonymity provided. Zcash offers users more privacy and anonymity by using zero-knowledge proofs, which allow transactions to be verified without revealing any information about the sender, receiver, or amount of the transaction. In contrast, Bitcoin transactions are publicly recorded on the blockchain and can be viewed by anyone.
Another difference is the way in which new coins are created and distributed. Zcash uses a process called "mining" to create new coins, similar to Bitcoin. However, the algorithms used for mining Zcash are different from those used for Bitcoin, and Zcash has a different monetary policy.
Ultimately, both Zcash and Bitcoin have their own unique features and strengths, and the choice of which one to use will depend on an individual's specific needs and preferences.
To accept Zcash donations, you can use a cryptocurrency payment gateway such as Plisio. Plisio allows you to create a donation page and accept Zcash and other cryptocurrencies as donations. Here are the general steps to accept Zcash donations through Plisio:
- Create an account on Plisio.
- Set up your Plisio account for receiving payments by following the on-screen instructions. This typically involves providing your wallet addresses for each cryptocurrency you want to accept, including Zcash.
- Create a donation page on Plisio and customize it to your liking.
- Share the donation page URL with your supporters, and they can donate Zcash or other cryptocurrencies using the payment options available on the page.
- Monitor your Plisio account for incoming Zcash donations and withdraw the funds to your preferred wallet or exchange as needed.
Note that while Zcash donations are generally anonymous, Plisio may require that you provide some information about yourself and your organization in order to comply with legal requirements.
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