Make a Zcash Deposit and Get a $50 Gift

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We have introduced Zcash (ZEC) accounts to SimpleFX and we give away $500. The offer starts at 10:00 UTC on April 29 and lasts until 10:00 UTC on May 10. 

Ten traders who make the biggest single ZEC deposit and complete at least one market order on their Zcash account receive $50 each. That’s it, you can read the full T&C here. Give it a try. You can find Zcash at the end of the list.

Zcash a handy cryptocurrency that aims at providing maximum privacy and anonymity to its holders. You may not know Zcash yet, since it’s smaller crypto, trading at around $234, which places them at 52nd place in the market capitalization.

They have a long history however, founded back in 2016 Zcash uses zk-SNARK proof technology that makes it possible to run nodes to verify transactions without revealing any sensitive information about those transactions. Maybe that’s the reason why it is a popular crypto among miners. 

Unlike Bitcoin and some major altcoins, Zcash is anonymous, not pseudonymous. If you believe that anonymity is the key to future digital money, Zcash is an option for you to at least give it a try.

How does Zcash provide anonymity? Well, their transactions are still recorded on a public blockchain, but without giving out the addresses and amounts. This data can be revealed for the purpose of audit or regulatory compliance. 

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

You can directly invest 14 different cryptocurrencies with SimpleFX and 26 different fiat currencies. SimpleFX is one of the leading trading platforms for everyone who’s willing to invest their cryptocurrencies in forex, stocks, gold, silver, or… other cryptos. We provide the safest storage, no fees, and the fastest transaction methods.

If you don’t own any ZEC yet and would like to get a $50 gift, you can buy it and send it directly to your SimpleFX wallet. Here’s a short guide on how to do it.


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