How to Buy Zcash (ZEC) in Armenia

A Step-by-Step-Guide on how to buy Zcash (ZEC) in Armenia

Step 1 – Signup to Coinmama

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Zcash (ZEC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate {Zcash (ZEC)|(ZEC) Zcash}

Once your deposit has been confirmed, you will now have access to your assets and you can begin buying and trading. To invest in {Zcash (ZEC)|(ZEC) Zcash} on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

To spot {Zcash (ZEC)|(ZEC) Zcash}, you will need to put the shortname of the coin (ZEC) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “ZEC/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Zcash (ZEC)
Step 4 – Acquisition of {Zcash (ZEC)|(ZEC) Zcash}

As soon as you have located {Zcash (ZEC)|(ZEC) Zcash}, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order.

The ”Price” field will be filled with the most latest valuation {Zcash (ZEC)|(ZEC) Zcash} was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of ZEC you want to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete quantity of ZEC.

When you're satisfied, click on “Buy ZEC”. Your plan will be filled as soon as a Vender sells their ZEC for the price you offered.

Step 5 – Withdraw {Zcash (ZEC)|(ZEC) Zcash}

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to withdraw your {Zcash (ZEC)|(ZEC) Zcash}, hover over the tab called “Funds” and mouse click on “Withdraw”. {Zcash (ZEC)|(ZEC) Zcash} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Zcash (ZEC)|(ZEC) Zcash} by using the provided drop-down box. Put into the amount of {Zcash (ZEC)|(ZEC) Zcash} you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're happy, click “Submit”. You may be asked for phone/email verification ahead of a take off.

Kudos! You've successfully purchased and stored Zcash (ZEC) in Armenia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the {Zcash (ZEC)|(ZEC) Zcash} is stored in your wallet, you're all done.

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