How to use the price graph?
You can see a symbol of a cryptocurrency in the top-left corner of the graph (It´s ZEC/USD in this case), right next to it you will find time intervals 1m, 30m, 1h. If you select 30m, one candle will represent a time period of 30 minutes on the market. The time period can be changed by pressing an arrow heading down.
Current exchange rate of Zcash (ZEC) in USD and GBP
|Current exchange rate in GBP||104,77|
|Current exchange rate in USD||144,72046|
|Market cap in GBP||1 351 375 721|
|Market cap in USD||1 866 729 271|
|Change in the last 24h||0.4%|
|Change in the last 7 days||24.3%|
The price of Zcash increased by 0.4% in the last 24h. We can speak about an uptrend of the exchange rate because the price of ZEC increased by 24.3% in the last 7 days. The total market value of Zcash to 19.10.2021 13:59 is 1 351 375 721 GBP ( 1 866 729 271 USD), which makes it the 67. most valuable cryptocurrency in the world.
This calculator can help you calculate the price from Zcash to British pounds and get you the price of GBP in ZEC. The rates are updated to 19.10.2021 13:59.
Where to buy or trade Zcash?
Basically, you have two options, you can own it and buy it on some online exchange or you can trade as CFD (contract for difference) for example at Plus500 (I recommend you this option. – Why? Read more.).
With a help of CFD you can lose or make money when a price of a cryptocurrency goes up or down. The next benefit of trading CFD is that you use a financial leverage, which will allow you to multiply your profits and losses. Let´s see how it looks in a practice:
Example of CFD trade ZEC
Let´s say that we buy 10 coins of ZEC with leverage 1:2, the exchange rate is 142,04 $ per one unit. After a week we will sell the currency with exchange rate 153,41 $, how much we will make?
In the first place, we have to calculate how much we have to put into the trade.
It´s simple -> (amount of units * exchange rate) / leverage -> (10 * 142,04 $) / 2 = 710,20 $. So, we will put into the trade 710,20 $, but the profits/loses are the same as you would trade with 1 420,40 $ (10 * 142,04 $).
Leverage 1:2 means that a broker will lend you 2 times more than you put into the trade. This will allow you to trade bigger volumes of cryptocurrencies, it increases your potencial profits and losses.
The profit is calculated this way -> (amount of units * exchange rate after week) – (amount of units * exchange rate in the beggining) = (10 * 153,41) – (10 * 142,04) = 1 534,10 – 1 420,40 = 113,70 $.
We can calculate losses the same way, but the result will be a negative number. We recommend you to trade Zcash with Plus500. They have simple and user-friendly trading platform and English support available 24 hours on every working day. It´s also a partner of this website, not because they pay more than others, but because it´s one of the best CFD brokers in the world (in my opinion) and I have great personal experience trading with them.
FAQ about Zcash
What will be the exchange rate of Zcash next day/week/month?
To predict an exchange rate of ZEC is not easy. But we have prepared a technical analysis that will tell what 25 technical indicators say.
How to buy Zcash?
In general, cryptocurrencies can be purchased on exchanges. But not every crypto is available to purchase there.
Can I make money on a falling cryptocurrency exchange rates?
Yes, you can trade CFDs and speculate about falling rates.
What is the experience of traders with Zcash?
ZEC is the 0th most valuable cryptocurrency according to market capitalization. That in itself speaks about its popularity. However, if you are interested in comments or ratings from people on our website, we encourage you to visit it.