Beginning right now, Coinbase helps Zcash (ZEC) at Coinbase.com and within the Coinbase Android and iOS apps. Coinbase prospects can now purchase, promote, ship, obtain, or retailer ZEC.
ZEC will likely be accessible for purchasers in most jurisdictions, however won't initially be accessible for residents of the UK or the state of New York. Further jurisdictions could also be added at a later date.
Zcash is a cryptocurrency that makes use of current advances in cryptography to permit customers to guard the privateness of transactions at their discretion. The excellence between Zcash’s “clear” and “shielded” transactions is analogous to the excellence between unencrypted HTTP and encrypted HTTPS. In each instances, the unencrypted/clear model of the protocol permits third events to see metadata related to the communication or transaction, whereas the encrypted/shielded model protects this data. Initially, prospects can ship ZEC to Coinbase from each clear and shielded addresses, however solely ship off Coinbase to clear addresses. Sooner or later, we’ll discover help for sending ZEC to shielded addresses in areas the place it complies with native legal guidelines. For extra data on privateness issues particular to ZEC, go to the official Zcash support page.
One of the vital widespread requests we hear from prospects is to have the ability to purchase and promote extra belongings on Coinbase. Earlier this yr we introduced a new process for listing assets, designed partially to speed up asset addition. We're additionally investing in new instruments to assist folks perceive and discover cryptocurrencies. We launched informational asset pages (see ZEC here), in addition to a new section of the Coinbase website to reply widespread questions on crypto.
You possibly can sign up for a Coinbase account here to purchase and promote ZEC right now.