ZCash vs Bitcoin
Introduced to the community in 2016, ZCash is one of many alterations to Bitcoin gambling. At our portal we have already supplied the readers with guidelines to using Bitcoin cash, Litecoin, Dogecoin, and Ethereum.
ZCash is a type of digital currency where pros do not prevail over cons, and both are at balance. On one hand, ZCash is not nearly as widely used, as BTC, and therefore provides a much smaller choice of gaming options online. Slots, RNG and live table games and arcades are available, while it takes time to find a decent Sportsbook, and even more time to enter a good poker or bingo room.
On the other hand, unlike BTC, which claims anonymous transactions to be its big thing, but each financial operation is still is registered within the blockchain, with ZEC, each payment can be truly anonymous. Without any records of transactions. Information about the sender and recipient can be encrypted.
Among other important aspects are transaction processing speed and cash volatility. ZCash emission limits are similar to those of the BTC and have 21 million units. At the same time, ZEC utilizes the slow start strategy where it rewards with 12,5 ZEC for added blocks. This approach makes it possible to limit the amount of coins and make them cost more. Buying ZEC for gambling can also turn into a decent investment.
ZCash Wallet & Exchange
Getting a ZCash wallet is as easy as receiving any other crypto-currency wallet. It can be an official software, ZCashd, which should be downloaded and installed. It can also be a service of any other third-party providers, of which there are plenty. Some of them can offer limited assistance, though, so comparing a few options and selecting the best one would be a great idea.
Once a wallet is registered, the next step is to get some crypto-currency. It can be obtained at numerous exchange platforms for regular cash or other digital currencies. Received ZEC can be sent from the exchange directly to a gambling account, or to your wallet.
Another way to get a hold of this cryptocurrency is to mine it. Some ZCash can be received for free via faucets. In order to use this option, standard actions should be taken – you state the address, insert the captcha, wait for cash, which is being distributed once every 60 minutes within the limits of 0,000001 to 0,0025 ZEC.
Withdrawals of wins are simple due to a feature called instant winning payments. This allows users to get a hold of wins the very same day they were scored during wagering, unlike withdrawals of regular currencies that can be pending at cashier for days before they get verified and reach their destination.
The average cost of transaction varies from USD 0,001 to USD 0,002 or less. ZCash transfers are also faster than those within any other blockchain, especially Bitcoin.
Safety of ZCash Gambling
While a lot was already said about anonymous services, it is also worth mentioning that ZCash allows two types of actions – completely non-disclosed data and the one similar to a BTC system – where sender and recipient information are being registered.
Both deposits and withdrawals with the reviewed currency utilize z- and t-addresses. “Z” stands for encryption and anonymous payments. When choosing it, you add zero-knowledge proofs to the operation.
“T” is selected, when it is not important to hide information about the participants of the financial transaction. This is the option you will often come across at exchange markets online.
So, with ZCash being a legal and recognized digital currency, and with all things about anonymous and regular transactions considered, the main question that remains is the selected operator itself. Its safety can be measured by many factors – licensing, software in the library, reputation online, evaluation at the leading gambling portals, and assistance from the help desk, to which each newbie can address the questions.
Selecting the right place to bet and win is always the issue that bothers many. This is why we have included a few reviewed and legal locations into this publication to make the choice easier.
Best ZCash Casinos
Among those brands that we included into our database and reviewed as decent ones is FortuneJack – a website existing since 2015 under the Curacao license, and offering its content in English and Russian. It accepts all types of existing digital currencies, including ZEC, has cashable bonuses, mobile adaptation, and decent reputation online.
Both 1xSlot and 1xBit belong to the same owner and have a lot of features in common. Among them are over twenty languages, to which the content is adapted, entertainment from over thirty software developers, including Fugaso, Habanero, Quickspi, Euro Games Technology, Play’n GO and Next Generation Gaming, and cashable promotions.
BitCasino.io allows players to play instantly from desktop and mobile browsers, and in addition to games, offers a decent Sportsbook with many major and niche sports, as well as in-play and pre-match bets accepted in ZCash.
Is ZCash as volatile as Bitcoin?
High volatility is something that all digital currencies have in common, so the best strategy is keep the fingers on the pulse of news and events.
Can I enter the poker room to play with ZEC?
Today there are not many places that offer poker players gaming with ZEC due to the low demand among gamers.
Is it true that official ZCash software support is only for Linux?
Yes, owners of Windows, Mac, and Android platforms should refer to third party providers.
Is there a fee for ZCash transactions?
Regular users share the experience of sending funds without a fee and succeeding. The only minus is the operation may take a few hours to be processed. The regular fee is around .0001 ZEC, which is not much, and it ensures speed.