Getting a ZCash wallet is as easy as receiving any other crypto-currency wallet. It can be an official software, ZCashd, which should be downloaded and installed. It can also be a service of any other third-party providers, of which there are plenty. Some of them can offer limited assistance, though, so comparing a few options and selecting the best one would be a great idea.
Once a wallet is registered, the next step is to get some crypto-currency. It can be obtained at numerous exchange platforms for regular cash or other digital currencies. Received ZEC can be sent from the exchange directly to a gambling account, or to your wallet.
Another way to get a hold of this cryptocurrency is to mine it. Some ZCash can be received for free via faucets. In order to use this option, standard actions should be taken – you state the address, insert the captcha, wait for cash, which is being distributed once every 60 minutes within the limits of 0,000001 to 0,0025 ZEC.
While a lot was already said about anonymous services, it is also worth mentioning that ZCash allows two types of actions – completely non-disclosed data and the one similar to a BTC system – where sender and recipient information are being registered.
Both deposits and withdrawals with the reviewed currency utilize z- and t-addresses. “Z” stands for encryption and anonymous payments. When choosing it, you add zero-knowledge proofs to the operation.
“T” is selected, when it is not important to hide information about the participants of the financial transaction. This is the option you will often come across at exchange markets online.
So, with ZCash being a legal and recognized digital currency, and with all things about anonymous and regular transactions considered, the main question that remains is the selected operator itself. Its safety can be measured by many factors – licensing, software in the library, reputation online, evaluation at the leading gambling portals, and assistance from the help desk, to which each newbie can address the questions.
Selecting the right place to bet and win is always the issue that bothers many. This is why we have included a few reviewed and legal locations into this publication to make the choice easier.
Withdrawals of wins are simple due to a feature called instant winning payments. This allows users to get a hold of wins the very same day they were scored during wagering, unlike withdrawals of regular currencies that can be pending at cashier for days before they get verified and reach their destination.
The average cost of transaction varies from USD 0,001 to USD 0,002 or less. ZCash transfers are also faster than those within any other blockchain, especially Bitcoin.