Zcash Online Casinos

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Introduction

In today’s highly volatile and competitive crypto scene, many new coins have appeared and failed to offer something different than Bitcoin and other leading cryptos; until ZCash appeared. While with most cryptocurrencies that run on blockchains, both your balance and transaction history are public, with this special crypto, privacy is the most important thing you get. This token uses a unique cryptographic method to complete your transaction without ever having to share any details of it publicly. Therefore, this is quite an interesting crypto to use, especially for online gambling transactions, so if you're interested in learning more about it, stick with us. What is ZCash and why use it as your payment method at an online casino?

About ZCash

Standard banking changed for good when Bitcoin first appeared in 2009. The first decentralized currency that left banks in the dark and used a public blockchain to validate and record transactions is the worthiest to this day, for sure, but after it, countless other tokens were released, all of which function on the same or similar underlying principle. The decentralized banking market is increasing, but it took a group of scientists at Johns Hopkins and MIT, experts in cryptography, to design a crypto that would be based on Bitcoin's open-source code, but with zero-knowledge proofs, to validate transactions. ZCash was launched in 2016 and changed the way cryptocurrency banking functioned.

This cryptographic method, zero-knowledge proofs, allows something to be proved true without unveiling how. As such, this crypto is the world’s first app that uses the novel method and the first one to function on the principle where the prover can prove the verifier, without revealing any information other than the validity of a statement, that that statement is true. This ensures the privacy that so many other cryptos cannot offer, and allows for your transaction history and balance to be accurate without you ever sharing any details on them. Its network makes sure that when the sender sends ZEC to the recipient the token sent is authentic and that the transaction will be covered by the sender's balance for sure.

Thanks to its self-funding mechanics and unrivaled privacy, this crypto has been getting the attention it deserves since day one. Its governance was further decentralized by a new development fund established by its community in 2020. 80% of its issuances go to miners, while 20% is fairly distributed to its investors (7%), to the Community Grants (8%) to support independent developers, and to the work of the Foundation (5%).

The best part is, while with Bitcoin and similar cryptos, you can only make transparent transactions recorded to the blockchain, with ZCash, you get to choose how you'd like your transactions to be handled, transparently or privately. You can go the usual way, or encrypt memos, addresses, and wallet history and keep them away from the public eye. With these options, you probably get why the crypto is a hit across the online gambling industry already. So, regardless of whether you’re a newcomer in need of a beginner’s guide or an experienced crypto user, stay with us to learn how to get started with this amazing crypto, and use it across a number of casinos that are already offering it.

How to Start Using ZCash

If you have ever used crypto, you will notice that although much improved and offering unparalleled privacy, ZCash functions like any other. But even if you’re a newcomer to the crypto scene, you’ll see that it is effortless to get started with and use. You can learn all about it on its official website, but if you wish to know the shortcuts, follow our lead.

The first thing you need to do is find yourself a nice crypto exchange platform. Today, you have plenty of such platforms, many of which already list ZEC, even though its founders recommend users to go with Gemini. You can try Binance, Coinbase, Bitfinexm AIRTM and Poloniex, too. Choose the one that would work best for you and create your account with it. From here, link a payment solution, and using any fiat currency, purchase as many ZECs as you wish.

The next step would be downloading a crypto wallet to your device. Be it a hardware, mobile, or desktop type of wallet, you'll need it to store your coins and be capable of sending and receiving coins to and from users and eCommerce platforms like online casinos. If you're a newbie, you should know that most crypto users prefer mobile wallets like Trezor, Flexa, Ledger, or Zingo!, each downloadable from the Apple App Store or Google Play Store. As soon as the app is installed on your smartphone, launch it and press Create New Wallet. A Seed Phrase will appear immediately: don't waste time and write it down quickly, to later store it in a secure place, as this will be your key to restoring your wallet if you ever want to use the app on a different device or your device gets stolen or lost.

The final step will be pressing I Have Saved the Feed. The minute you do it, you are instantly enabled to start receiving or sending ZECs. Speaking of, follow our lead as next, we’ll tell you how to do exactly that, across online casinos. We’ll take you through the exact depositing and withdrawing procedures and steps you need to take to start using it successfully as your payment method across online casinos.

Depositing and Withdrawing with the Solution

Kryptosino, Blazzio and Pinsino are just some casinos listed at WCD, reviewed in detail for your convenience, you could check out to get started with ZCash immediately. These are maybe the top sites to check out but feel free to look up other options, as we surely have a bunch of them to provide you with here.

As soon as you find the casino for you, proceed by joining it. Register your player account and the minute you’re done, fund it using ZCash. To do that, follow these steps:

1. Access your registered player account and find the Cashier page.
2. Look for ZEC (ZCash) in the Deposits section and press its logo.
3. In the new window, you’ll see the casino’s crypto wallet address; copy it.
4. Press Next and then enter your wallet.
5. Set the amount of ZECs you want to transfer and paste the casino’s wallet address here.
6. In real-time, the ZECs will arrive at your casino balance.

There are no extra steps that you would need to take in order to request a withdrawal with the solution. In step 2 look for its logo in the Withdrawals Section, though, and when you get to step 3, paste your crypto wallet address. After you enter the amount you wish to cash out, confirm your request and let the operator do its part of the deal.

The operator will take 24 to 48 hours to approve your request, and once the approval is given, the coins will instantly reach your crypto wallet. 

Coverage and Restrictions

Considering ZCash is a digital currency, it goes without saying that it is an option for users from all around the world, due to its decentralized nature.

However, bear in mind that not all countries are crypto-friendly. Malta and El Salvador may be, but countries like China and Russia that have banned it are certainly not. Malta spills details and continues advocating for crypto non-stop on its summits and crypto events, and El Salvador made crypto a legal tender, but there are many countries that either ban them explicitly or their use is frowned up.

So, unless you are from a crypto-friendly country, you won’t be able to use it for your online casino deposits and withdrawals. But if you are, you can enjoy this token across a great number of sites.

Fees and Additional Charges

While a fee is charged for each transaction when transacting with ZCash, this fee is only a fraction of a cent. It is unnoticeable, compared to the fees charged by other cryptos and considering the perks it provides you with.

The good news is, your online casino won't charge extra for using it. No operator charges fees for crypto users, so a fraction of a cent is the only fee you'll be subject to.

Accepted Currencies

Considering you’d need to get your coins at an exchange platform using any fiat currency, your choices will be limited to the currencies offered at the exchange you choose to go with.

Rest assured that mainstream currencies like UK pounds, Swiss francs, euros, US dollars and Canadian dollars, among others, will certainly be options across most exchanges. If yours is one of them, you can even purchase your coins using your native currency and avoid exchange fees.

Customer Support

Contrary to many cryptocurrencies that do not have an official website, ZCash does have, and one that is extremely informative. You can visit it to find out more about the token, as everything is explained in detail and you may get many of your questions answered that way.

But, if you’re still in need of assistance, do not hesitate to get in touch with your online casino's Support team. They are available via many communication means, email, Live Chat, and sometimes even phone lines, to help you out with anything you may need regarding this solution.

Conclusion

It is without a doubt that ZCash offers something different, something refreshing, something anyone should get a taste of. It is one of the most innovative cryptos in recent years and one that certainly deserves your attention. Make sure you give it a go across the great number of online casinos that offer it if you wish to get seamless gambling transactions.

FAQs

Will I be able to explore ZCash’s official website in many languages?

No, actually. For best clarity, the site is only available in English, so that everything on it is comprehensible to anyone, regardless of their native language, as English is the most spoken language in the world.

Can anyone trace my ZEC transactions?

That would depend on whether you will choose the transparent or private way to make the transaction. If you go with the former, they will be traceable, just like transactions with Bitcoin and other similar cryptos are. But if you go with the latter, they won’t be. This coin works like cash: you give it to pay for a service or a product, without anyone ever finding out where your money came from or whether you were the one that paid in cash, as your identity is never revealed.

Does ZCash have a social media presence?

It does, actually. Ots community, not its actual founders, are behind its profiles on Facebook, Telegram, GitHub, and Twitter. Make sure you visit them in case you wish to be on track with any news that they publish about the coin.

Will I be able to use the crypto via my desktop device?

Of course. As mentioned, you can use it via any wallet type, on any device, be it mobile or desktop. Mobile wallets, the preferred type of wallets, only function on mobile devices, but any other type of wallet would do for your desktop device, for you to store your coins.

Are transactions with ZCash traceable?

As you probably guessed, they are not. This is one of the most private and untraceable cryptocurrencies. The minute a transaction with it is completed, it gets to the recipient and no trace of it will ever exist.