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What is Zcash
Created in 2016, Zcash is one of the new privacy coins currently on the market. It offers privacy and transparency and its transactions are all published on the blockchain. The main difference between Zcash and most of the typical blockchain projects is the fact that the senders, recipients and the total amount of the transaction remain secret.
Inside, there is a cryptographic algorithm called zk-SNARK, short for Zero-Knowledge Succinque Non-interactive knowledge argument. Zcash uses two types of addresses: a Z address and a T address.
The first type of address, the Z address, is completely private (or "screened") and uses the aforementioned zero knowledge system to protect transactions and balance privacy. A T address (or "transparent address") is rather similar to a Bitcoin address.
Considering all the complexities of Zcash and the fact that Zcash is relatively new, finding the right portfolio might seem a little tricky at the start. However, cryptocurrency has managed to integrate most of the popular portfolios out there. In this guide, we'll look at some of the best Zcash portfolios, plus all the things you should consider to choose the best wallet for you.
Things to consider when choosing a ZEC portfolio
Probably the most important aspect to look for when choosing a wallet is to make sure that it gives you full control over your private keys. So be sure to check that your wallet does not store your private keys online and that it gives you full control over your private keys.
When it comes to Zcash and its two types of addresses, please note that most portfolios do not support Zcash transactions with private addresses. Another very important aspect is ease of use or ease of use, so be sure to choose a portfolio with a modern and clean interface to send and receive transactions with ease.
Also, make sure your future Zcash wallet has all the modern security features. A good cryptographic portfolio has two-factor authentication, support for secure passwords, multi-sig functionality, and backup and recovery options.
I hope you do not have problems with your wallet. However, if you do, it is important that your wallet gives you access to customer support in the easiest way possible. Another aspect to consider is how the portfolio develops. In short, you want to choose a portfolio offered by a strong development team, one that constantly updates your product.
The best Zcash wallets
Ledger Nano S
Ledger Nano S is one of the best and most popular hardware portfolios currently on the market, and is the de facto choice for most encryption enthusiasts for whom security is the most important aspect.
The portfolio offers support for over 700 cryptocurrencies (including ZEC), offers a high level of security and is extremely easy to work with. The portfolio provides offline storage for private keys and allows you to manually verify or accept transactions via a small, integrated OLED display and two buttons. It's relatively cheap (usually somewhere between $ 80 and $ 100).
Trezor
Trezor is Ledger Nano S's main competitor and offers almost the same features in a slightly different package. It also offers support for over 700 cryptocurrencies (including ZEC).
The device is very suitable for beginners and boasts a clear interface with a large OLED display and two buttons. It has some of the best security features like SSH, GPG encryption, two-factor authentication and more.
Official Zcash customer
The official Zcash client is one of the safest portfolio choices available. It's a GUI portfolio but, unfortunately, it only works on Linux. This means that this wallet is not perfect for beginners. The client allows anyone to store funds, send funds to private Zcash addresses, and run a full Zcash node (which means you're actively helping Zcash protect your network). The wallet also offers you the possibility to extract Zcash.
In addition to the fact that it is not suitable for beginners, the wallet has two other disadvantages: it requires at least 2 GB of RAM to work smoothly and requires the download of the entire blockchain.
Coinpayments
If absolute convenience is what you are looking for when you choose a Zcash wallet, then Coinpayments fits perfectly into the bill. The online portfolio supports over 1,135 cryptocurrencies, making it a very versatile tool. The portfolio has a number of unique features such as the point of sale that allows you to accept personal transactions and the ability to perform automatic cryptographic conversions.
You can access your wallet via its official website and it comes with two mobile apps for iOS and Android. Some users may consider the charge of 0.5% charged on all transactions.
Jaxx Liberty
Jaxx Liberty is probably the most popular multi-platform, multi-currency digital asset portfolio currently on the market. It is available for Windows, MacOS, Linux, as well as for iOS and Android, is able to store over 70 different encrypted (including ZEC), and is probably one of the best interfaces of any portfolio.
Another advantage is determined by the fact that it has an integration with ShapeShift and the fact that it allows you to protect your private keys through a 12 word seed master.
Coinomi
Coinomi is a great choice if you're looking for a convenient mobile wallet that allows you to store and manage ZEC. It is very intuitive, supports a wide range of cryptocurrencies (over 130) and boasts the integration of ShapeShift.
Coinomi is also safe as it allows you to store your private keys on your device and does not require you to undergo the typical KYC processes. The wallet is available for iOS and Android.
Cryptonator
Cryptonator is another multi-cryptocurrency portfolio that is worth considering. It is easy to configure, easy to use, can contain multiple currencies and offers internal exchanges between cryptocurrencies.
Since it is a web portfolio, it is incredibly easy to access, send, receive and manage payments. For a Web portfolio, it has good security features such as two-factor authentication and the ability to create a list of trusted IP addresses. Unfortunately, it only supports Android and non-iOS.
Conclusion
As you can see, there are many good options to choose from with regard to Zcash portfolios. Although this list does not contain all the possible options, it should meet the needs of most users for Zcash storage. Good luck!
