How to Buy Zcash (ZEC) in the UK (2021)

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Although Zcash (ZEC) is one of the 50 biggest cryptocurrencies, it isn’t available in as many places as you might expect in the UK.

Given that, where’s the best place to buy Zcash (ZEC) in the UK in 2021?

In this short guide, I’ll quickly summarise your options and then outline how to buy Zcash (ZEC) without getting ripped off.

Quick Version: How to Buy ZEC in the UK

Don’t have time for the full story?

Here are the best places that I’ve found to buy Zcash (ZEC) in the UK.

ProviderPayment MethodFees (Approx.)
KrakenUK Bank Transfer< 1%
BinanceUK Bank Transfer< 1%
BitpandaSEPA Bank Transfer, Credit/Debit Card, & More1.5%+
eToro*UK Bank Transfer, Credit/Debit Card, PayPal, & More3.5%+
CryptomateUK Bank TransferVaries
*67% of retail CFD accounts lose money. Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

The two cheapest places to buy Zcash (ZEC) in the UK is via Kraken or Binance. Both are cryptocurrency exchanges that allow you to buy Zcash (ZEC) at the real exchange rate with low fees.

Click the links in the table above to head straight over there or read on for more information on how you can buy Zcash (ZEC) in the UK.

Where is Zcash (ZEC) NOT available in the UK?

Although Zcash (ZEC) is available from some well-known names (e.g. Coinbase and Gemini) in countries like the United States, it’s currently not available on these platforms if you’re from the UK.

You’ll find that this is the same for other privacy-focused coins like Monero (XMR) too. Here’s my guide on how to buy Monero (XMR) in case you’re interested in getting some of that too.

When I last checked, here are some of the places that you could NOT get Zcash (ZEC) in the UK:

How to Buy Zcash (ZEC) in the UK

#1. Binance

Binance logo over their trading interface

Binance looks like it’s currently the cheapest place to buy Zcash (ZEC) in the UK.

I prefer to use Kraken, but Binance has slightly lower trading fees.

PlatformMaker FeesTaker Fees
BinanceUp to 0.1%Up to 0.1%
KrakenUp to 0.16%Up to 0.26%

When I checked, Binance also appeared to have a significantly higher trading volume for Zcash (ZEC) than Kraken.

Platform & Trading PairVolume Snapshot (24hr)
Binance (ZEC/USDT)> $22 million
Kraken (ZEC/USD)< $1 million

You can’t buy Zcash (ZEC) with GBP on Binance, but you can buy it with numerous cryptocurrencies. This includes:

  • Tether (USDT)
  • Binance USD (BUSD)
  • USD Coin (USDC)
  • Binance Coin (BNB)
  • Ethereum (ETH)
  • Bitcoin (BTC)

The price differs very slightly depending on which cryptocurrency you choose to buy Zcash (ZEC) with. However, the prices you’re quoted will usually be close to the real exchange rate (i.e., there are no hidden fees).

Overview of Option #1
  • Make an account on the Binance website. This shouldn’t take long.
  • Deposit GBP with a UK bank transfer. This is quick and there are no fees.
  • Exchange GBP for USDT on the GBP/USDT spot market.
  • Go to the ZEC/USDT market and purchase Zcash (ZEC). You’ll pay up to 0.1% in fees.

Once you get the hang of it, Binance is a low-cost way to buy and sell more than 250 cryptocurrencies (which includes many of the most popular ones).

Head over to the website and check it out yourself. You can have a look around without making an account.

Binance WebsiteBinance Review

#2. eToro

If you’re looking for somewhere that’s a bit more straightforward than Binance or Kraken, then eToro* is an alternative you could check out.

*67% of retail CFD accounts lose money. Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
While Bitpanda looks cheaper than eToro, there are additional steps involved if you don’t want to pay any unnecessary fees. This involves sending money with a SEPA transfer, which can incur bank fees and take days to be processed. Not ideal.

With eToro, you can buy Zcash (ZEC) and 15 other cryptocurrencies – which includes popular options like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

Depending on what you’re buying, there’s a hidden fee that you’ll pay whenever you buy or sell that cryptocurrency. This is 3.5% for Zcash (ZEC), but is just 0.75% for Bitcoin (BTC) and 1.9% for Ethereum (ETH).

While this isn’t great, eToro is much easier to use than a cryptocurrency exchange and supports payment methods that aren’t supported by other places (e.g., PayPal).

Contrary to what some think, it’s possible to withdraw cryptocurrency from eToro (in the UK and some other countries). If you’re intending to do this, this article notes that you should use a wire transfer (instant) or online banking (7-day delay). If you use other payment methods, it seems that you’ll be temporarily restricted from withdrawing your coins. Check out this and this for more information.

Overview of Option #2
  • Open an eToro account.
  • Deposit GBP with a UK bank transfer. eToro automatically converts this to USD, which will incur a small fee.
  • Search for Zcash (ZEC) on eToro.
  • When you find it, place an order for however much Zcash (ZEC) you want to buy. The fee is included in the price that you’re quoted (3.5%).
  • All done! If you want to withdraw it, follow the instructions on this page.

eToro isn’t an obvious choice for buying cryptocurrency and it sounds complicated, but it might be worth checking out if you don’t want to use a cryptocurrency exchange like Binance.

eToro Website*
*eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short time frame and, therefore, are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and, therefore, is not supervised by any EU regulatory framework. Your capital is at risk.

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