Zcash Sports Betting 2023

Zcash Review

Zcash hit the market for the first time back in October 2016. Since then we have seen this cryptocurrency find its way in the market, and now it firmly has a place for Zcash review.

It is based on Bitcoin’s database, and this means there are many similarities which is good for those who already deal with Bitcoin (read this - best bitcoin bookmakers), and want to try and add something new alongside this. One of those similarities is the fixed supply, which is 21 million units.

What Makes Zcash Unique?

Zcash is a standalone cryptocurrency that works in similar ways to others, but when you combine the full Zcash platform together as one, it is unique and different to them. Many of the ways in which this cryptocurrency work have been taken from Bitcoin, which is no surprise given the popularity of that. We are seeing many in the crypto industry try to copy or at least take parts of ideas from Bitcoin, and Zcash is one of them.

Zcash transactions can be transparent if you want them to be, or they can be classed as shielded. This determines how they are looked after, and many choose to go for the transparent option. Over the first year of trading Zcash, from the start in October 2016 until December 2017, just 4% of transactions were in the shielded category.

Those who choose to go down the private route can add on selective disclosure to their transaction. This is to prove payment and comply with money laundering regulations that are in place around the world.

Zcash have said all along that they created Zcash currency to be fair and above board, and not to be a place where money laundering can easily happen.

Advantages

Zcash is becoming more popular with people for several different reasons. They have ticked a huge box when it comes to security, allowing transactions to be private but also allowing the key details to be on view, showing that there is no suspicious activity or money laundering taking place.

This will be key for many users, just like with other cryptocurrencies, there is a need to keep some aspects private but also a recognition that covering up too much will bring suspicion.

Following the Bitcoin path of creating a limit of 21 million units on Zcash is another advantage, especially for those who are relatively new to cryptocurrency. These fixed totals are key to maintaining value in the currency and in the future, it is these that will ensure Zcash coin price goes in the right direction.

Disadvantages

If there is a disadvantage to talk about with Zcash then it has to be the fact that this crypto is still working its way into the market fully, and people are still learning to trust it. This means trade volume is lower than what you will find elsewhere.

In terms of wallets, there are many that support Zcash so this is not an issue. However, when it comes to wallet options you have, few of them support the privately focused Z-addresses.

How to Use Zcash for Sports Betting?

There are many ways you can spend Zcash and one of those is to place sports bets. This is a great hobby that millions of people take part in around the world.

Since the start of the move towards cryptocurrency, the betting industry has been a big believer and has supported it all the way. We are in a situation now where we even have some bookmakers who only deal with cryptocurrency and nothing else. Here you can find best cryptocurrency sports betting sites.

If you are wanting to place bets with Zcash you can, and there are many sporting events out there which you can choose from. Try out your local leagues or go for big events such as the upcoming Olympic Games and the football World Cup that is now on the horizon.

Betting with crypto offers you security, a lack of fees if betting with a bookmaker in another country and perhaps most importantly of all, extremely fast withdrawals when you are lucky enough to win. You can take all these advantages when you bet with Zcash.

Where to buy Zcash cryptocurrency?

There are two ways to buy Zcash and get involved. The first is to head to one of the bigger exchanges that allow players to buy Zcash for US dollars. These include places such as Coinbase, Cex.io, Kraken and eToro.

Here you will need your US dollars, and you can directly purchase new Zcash to add to your wallet, either for spending, trading at a later date or for saving towards the future.

Secondly, there is the option to indirectly get your hands on some Zcash, which requires a total of two moves before it is in your wallet. This happens on other exchanges, which support the trade of Zcash but don’t support the purchase of it.

Here you need to either make a purchase of a popular crypto such as Bitcoin or Ethereum or if you already have one of these then you can just directly deposit what you have in your wallet. Then when this is in your wallet and ready to go, you make a trade on the exchange, trading your funds for Zcash to complete the deal.

This will end with the Zcash being sent over to your wallet, but this time, rather than buying Zcash using US dollars, you are either using Bitcoin or Ethereum to buy it, or you are buying one of those and then trading them for it.

Conclusion

Zcash is some way behind the leading lights of cryptocurrency, and it is going to have to go a long way before it reaches those heights and catches up. However, despite this, Zcash is still well regarded and this is especially the case when you are talking about the tech behind running Zcash, something that others in the industry like.

If you remain cautious because it is still relatively new, Zcash can be used and be a wise addition for anyone looking to trade, keep or use in Zcash gambling (make crypto bets or play in Zcash casino).

Zcash Converter

Use our Zcash calculator, where you can easily convert 1 Zcash to USD. This Zcash currency converter can convert 17 most popular currencies in the world. For today 1 ZEC to USD worth around 64$, 1 Zcash to euro worth 52€, 1 Zcash to GBP is worth 47£, 1 Zcash to AUD is worth 83$. But prices and Zcash worth changes every second, so you can do your math with our Zcash price converter. Our Zcash predictions for 1 year, what ZEC price will reach 200$ and Zcash forecast for 5 years also look great - Zcash price can reach 1000$. If you want read articles about crypto betting or to know important crypto news, you can read our crypto news category.