Z Cash is a digital coin that is secure and is the next best cryptocurrency coin for privacy-based coins.
What is the ZEC crypto coin?
The ZEC coin is the native currency of the Z Cash network. There is a maximum supply of 21 million ZEC coins. According to coinmarketcap, 14.2 million coins are in circulation. Similarly, if the circulation reaches maximum supply, we will see the price escalate.
ZEC cryptocurrency coin live price today as of 30th April 2022:
10,059 INR – ZEC price in INR
131.5 USD – ZEC price in USD
Why should I buy the ZEC crypto coin?
Here are a few reasons you must consider investing in the ZEC coin.
1. This digital coin is like the Bitcoin but faster and lower transaction costs.
2. It has a low supply like the Bitcoin and uses the most advanced privacy technologies.
3. Finally, for a coin that pumped over 462% in 2021, there is tremendous scope for this coin to boost again.
What is the use of the ZEC crypto coin?
Here are a few use cases of this coin that regular investors must know.
1. Paying fees for transactions on the network.
2. Stake ZEC coins on different platforms to earn interest.
How to buy the ZEC crypto coin in India?
There are many cryptocurrency apps in the market where you can purchase the ZEC coin. However, I believe the best cryptocurrency apps in India are these two platforms that I have been using – Binance and WazirX.
I have read good Binance reviews from customers in India and abroad. Both Binance India and Wazir X are easy-to-use platforms, and I have never faced problems while depositing or withdrawing money.
Here are the basic steps you must follow on each cryptocurrency app.
1. Sign up
2. Add a Bank account
3. KYC verification
4. Deposit INR/USD in your wallet.
5. Start trading
ZEC crypto price prediction:
In 2021, the ZEC crypto coingrew from 4346 INR to 24,411 INR, a whopping 462% increase. If you invested INR 13,000 and bought 3 ZEC coins, their value during that year would be INR 73,233.
In 2022, the cryptocurrency market is going through a bear phase. The ZEC coinprice now stands at INR 10,059 today. Hence, price predictions for this are very promising. If you believe in the future of the Z cash network, it can end the year between INR 15,100 – INR 20,110 (50 – 100% growth.)
FAQs:
1. Is cryptocurrency legal in India?
Yes, cryptocurrency is legal in India. From 1st April 2022, if you buy any digital currency, you will incur a 30% + 1% TDS cryptocurrency tax in India.
2. Can the ZEC coin be converted to cash in India?
Yes. You can buy the ZEC crypto coin on multiple currency exchange platforms in India. These platforms support buying the ZEC coin in INR.
3. Is the ZEC crypto a good investment?
Yes. This coin is similar to the Bitcoin and is secure, faster, and charges lower transaction fees. Also, it is priced lesser than the Bitcoin.
4. Which is the best research tool for cryptocurrency online trading?
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