Beginning at the moment, 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 probably be obtainable for purchasers in most jurisdictions, however won't initially be obtainable for residents of the UK or the state of New York. Extra 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 circumstances, 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 info. 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 places the place it complies with native legal guidelines. For extra info on privateness issues particular to ZEC, go to the official Zcash support page.
Some of the frequent requests we hear from prospects is to have the ability to purchase and promote extra property on Coinbase. Earlier this 12 months we introduced a new process for listing assets, designed partially to speed up asset addition. We're additionally investing in new instruments to assist individuals perceive and discover cryptocurrencies. We launched informational asset pages (see ZEC here), in addition to a new section of the Coinbase website to reply frequent questions on crypto.
You'll be able to sign up for a Coinbase account here to purchase and promote ZEC at the moment.