The Zcoin is one of the popular decentralized digital currencies available in the market today. Its aim is to provide privacy and anonymity to every digital currency transaction made by the investors in the digital space. If you are one of the those who are in the Zcoin network, they cannot trace the transaction history of your coins, unlike other digital assets that anonymity is not possible.
One of the main aims of this asset is to address the privacy risk that is commonly happening to other currencies like the Bitcoin. Some are masking the user identities through their innovative technology. It was in 2013 when this Zcoin was developed by a professor at the Johns Hopkins University, Mr. Matthew Green.
Accordingly, the Zcoin is one of the proposed cryptographic protocols of his students that aims to work as a Bitcoin extension anonymously. Since then, it was in 2016 when the Zcoin was launched and implemented as a fully-functional digital currency in the crypto space.
If you are among those Zcoin token holders, you need to be equipped with a level of understanding about this asset. Further, it is also important for you to learn about the different wallets where you can choose to store your tokens safely and securely. To enjoy the benefits of the Zcoin token, make sure not to miss getting your personal wallet for safe storage.
Top Zcoin Wallets in 2019
As investors, you are already aware that various digital currencies are made available in the market today. It is impossible for anyone in this world to turn their back with the beauty a certain digital asset can give. To give you more insights about this, check the list below of the best Zcoin wallets where you can choose to partner as you store your digital assets for a long time.
#1 Ledger Nano S – This is one of the top choices of investors when it comes to choosing a safe digital wallet for cryptocurrencies. It has been favored as the best hardware wallet for almost all digital asset investors. The Ledger Nano S is known for its security in safekeeping your assets. This certainly looks similar to an ordinary USB device that can be connected directly to your computer. It is very easy to set up and easy to use at the same time. You just need to generate a PIN which will be used in all transactions that you will be making. Further, when the device is stolen or lost, you need not worry about it since there are also steps to follow for you to recover it the easy way.
#2 Trezor – This is another quite popular hardware wallet that is also best in storing the Zcoin. This is considered as a strong competitor of the Ledger Nano S since it also has the best features that investors will surely love. The Trezor allows you to store, receive, and send different cryptocurrencies and that already includes the Zcoin. Just like the Ledger Nano S, this wallet is still very easy to set up and has a user-friendly UI interface. This can be the best use for beginners and even for the expert investors.
#3 Coinomi – It is one of the well-known mobile wallets that store multiple cryptocurrencies including the Zcoin. This wallet is both available for the Android and the iOS users and is being considered as the best mobile wallet for the Zcoin. Just like other wallets, the Coinomi’s security is protected by a PIN and a certain paraphrase that is used to enhance the wallet’s security features in case of hackers and theft.
#4 Edge Wallet – This is another mobile wallet that is best for Zcoin storage. It also supports multiple digital currencies including the Bitcoin and the Ethereum. This mobile wallet is also available to both Android and iOS version users and is being considered as the best mobile wallet for Android. It is very easy to use and has the most user-friendly UI interface that is best for the beginners and experts at the same time.
#5 Electrum Wallet – The Electrum light wallet is considered as the best Zcoin storage for 2019. It is where you can store, send, and receive your digital assets with the help of a PIN. Apart from that, in case of loss or theft, it can be easily recovered through a particular paraphrase. This wallet is recommended for both beginners and experts in the digital industry. It is one of the safest wallets that helps you store Zcoin securely.
The Best Zcoin Exchanges
When you are looking for the best exchanges for Zcoin where you can trade, buy, and sell your token, consider the list below.
#1 Bittrex Exchange – This exchange is one of the most preferred in the US which started in 2014.
#2 Binance Exchange – Another exchange that grabs the attention of the investors as it allows Zcoins to be traded to the Binance.
#3 Cryptopia Exchange – This exchange offers you to buy Zcoin very easily and the price charged for the exchange is very reasonable.
How Does Zcoin Work?
The Zcoin works on a zero-coin protocol. In order for it to work, when you want to send a private transaction, all you need to do is to simply select the number of coins you wish to mint. The normal Zcoin balance will then be automatically reduced and you will be credited for the said transaction without any trace of the transaction history. Old coins are said to be burned cryptographically in order to prevent others from using it again on the next transaction.
These are the important knowledge you need to learn about the Zcoin, the Zcoin wallets, and the Zcoin exchanges. As to what wallet you may have to choose, always select the wallet that will adhere to your need and basically will give you the easiest means of use. With these wallets, you are assured that your Zcoin tokens will be kept safely and securely without having a single trace of any transactions made.