Zcash is one of the popular altcoins that focuses on privacy and anonymity. Once you obtain some ZEC coins, you need a safe and secure wallet to hold them. Digital wallets are the chosen facilities for cryptocurrency storage. They keep your coins secure, safe, and under your control.
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For ZEC coins, it’s advisable to use the best Zcash wallet to ensure that they remain safe at all times. Besides, finding the best wallet is not only about the cryptocurrency. You need to consider ease of use, cost, and the devices it supports. Only then, you can be able to choose Zcash’s best wallet.
With various digital wallets in the market, selecting the best could be a bit more confusing. This guide carefully reviews a number of Zcash wallets, which you can consider for sending, receiving, and storing your ZEC coins.
Ledger Nano S
Wallet website: https://www.ledger.com/products/ledger-nano-s
Wallet type: Hardware; Multicurrency support
Ease of use: Easy; supports Windows, Linux, and Chrome OS
Safe: Very safe
Ledger Nano S is the most popular hardware wallet in the market. It offers a high level of security, is easy to set up and use, and stores multiple cryptocurrencies, including Zcash. The only downside of this wallet is that it’s costly—albeit competitively priced. It’s also important to note that it’s not mobile compatible.
This wallet is most suitable for users who consider the security of their funds first before anything else. Hardware wallets such as Ledger Nano S provide offline storage of your funds so that you remain in control of your funds at all times.
The wallet is small, portable, and able to connect to your computer through the USB port. With this wallet, your private key remains in a PIN-protected, secure, offline storage. The Nano S wallet comes with a built-in OLED display with two buttons on each side of the device. With this wallet, you can manually verify your transactions. In addition, this wallet can accommodate more than 1000 crypto coins and tokens, ZEC inclusive.
Wallet website: https://jaxx.io/
Wallet type: Desktop/Mobile
Ease of use: Easy; supports Windows, Linux, and Chrome OS
Safe: Not quite
Jaxx best fits users who are mainly concerned about ease of use and access. The wallet adorns a user-friendly interface that is easy to access. Users can access it on various platforms, including browser extensions, Android and iOS mobiles, and tablets, Windows, OS X, as well as Linux desktops. The broad level of compatibility together with a user-friendly experience makes it one of Zcash’s best wallets.
With this wallet, you can store multiple digital assets and, with its ShapeShift integration, it’s easy to receive and transfer various assets under one roof. Major cryptocurrencies covered include Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash, Dash, and many more. The wallet comes with a 12-word master seed with which users can manage their private keys.
On the downside, Jaxx is prone to hacking attack, as confirmed by earlier instances of vulnerability where its security was compromised.
However, the wallet has implemented adequate security measures to ensure that users’ funds remain safe. Such measures include the introduction of Jaxx Liberty, which is a new wallet with improved UI and security features.
Importantly, users need to understand that the security of the wallet is not the sole responsibility of the company. Users also need to adopt best practices especially with hot wallets such as Jaxx.
Wallet website: https://guarda.co/
Wallet type: Desktop, Mobile, Website
Ease of use: Easy
Guarda is one of the best wallets in the market to store Zcash (ZEC). This wallet has been developed thinking about how to offer users the possibility to deal with a large number of cryptocurrencies through many different platforms. At the moment, there are over 40 different digital assets supported, including ERC-20 coins.
Besides ZEC, some of the coins supported by Guarda include Waves (WAVES), Bitcoin (BTC), Litecoin (LTC), Qtum (QTUM), Tron (TRX), XRP, Ethereum (ETH), Bitcoin Cash (BCH), Binance Coin (BNB) and many others.
Users can purchase, send, receive, exchange and hold virtual currencies using Guarda, through its non-custodial product. One of the main characteristics of this wallet is that it supports many different platforms, including desktop, web and mobile.
At the same time, this wallet has been recognized by different Foundations in the cryptocurrency market and received the support from popular figures in the industry. For example, regarding Zcash, Guarda developed a mobile Zcash wallet for Android that would be tailored for Zcash in UX and capabilities.
Changpeng Zhao, the CEO and founder of the Binance cryptocurrency exchange, mentioned that this wallet is supporting BNB since the very beginning.
Thus, this wallet provides flexible services to individuals and investors that want to store or handle their Zcash cryptocurrencies. Although this wallet is not a hardware device, it is free for users and it can be used in many different platforms and devices.
Wallet website: https://www.cryptonator.com
Wallet type: Web/Mobile
Ease of use: Easy
Cryptonator is a web wallet that offers bank-grade security as well as top-level account protection. It comes with trusted IPs, encrypted SSL connection, and two-factor authentication. These features and others make it a great Zcash wallet for both new and veteran Zcash lovers. The wallet supports ZEC transactions as well as other cryptocurrencies.
With built-in features that allow instant crypto exchange, users of Cryptonator can convert, store, and transfer their ZEC coins with ease. Its bank-grade security and encrypted SSL connection together with two-step authentication give users peace of mind knowing that they’re dealing with a reliable and trusted device.
Additionally, Cryptonator accounts are free and accessible 24/7 on various platforms, including desktop, laptop, and mobile devices. This makes it one of the best Zcash wallets to use on the go. Its ability to accept multiple virtual currencies makes it even better, allowing users to manage their assets in one account. With the Cryptonator wallet, they are able to store, send, and receive the following cryptocurrencies:
- Bitcoin Cash
- Litecoin and many more
Since it comes with built-in exchange features, the wallet provides secure storage, easy transactions, and instant exchange of different cryptocurrencies it supports — all in a single personal account. Other than person-to-person transactions, it’s also possible to pay invoices, request, or send payments by e-mail using this wallet.
Official Zcash Client
Wallet website: https://z.cash/download
Wallet type: Official Desktop client
Ease of use: Not easy for beginners
The official Zcash client is a desktop GUI wallet that is most suitable for experienced users, particularly those who focus on ZEC mining. The wallet is designed for Linux operating systems, but users can also obtain the Mac and Windows versions from the Zcash community. This wallet allows anyone to run the cash client on a computer, and it requires a full network node. Upon downloading the client, users are able to send ZEC funds to private addresses. However, this wallet requires a minimum of 2 GB of RAM to facilitate a shielded transaction. Therefore, this wallet cannot be considered useful without an adequate hard drive space.
To ensure optimal transaction privacy, users are advised to use transparent addresses, which are Bitcoin-compatible and easy to use. They should also use shielded addresses that utilize a standard fee selection according to the wallet. These addresses are also ideal for better privacy.
Zcash has both types of addresses. The transparent addresses begin with “t” while the shielded addresses begin with “z.” Transparent addresses are visible on the blockchain and do not offer strong privacy.
Wallet website: https://www.ibitcome.com/
Wallet type: Mobile
Ease of use: Easy to use
iBitcome is a one-stop platform that integrates token storage, trading, dApp, and market newsfeeds. The platform focuses on providing secure and convenient transactions and it brings a new dimension in the mobile trading ecosystem, embracing the most secure and user-friendly features.
The iBitcome wallet is a multi-currency device that supports Bitcoin and altcoins alike. It also supports all ERC-20 tokens that operate on the Ethereum blockchain. Principal features include the following:
- Safety: secured with an AES-128-CTR encryption algorithm;
- Privacy: decentralized and does not hold users’ private key;
- MPORT: users can import seed phrases, private keys, and keystore.
In addition, the wallet embraces a native decentralized exchange (DEX), which allows users to settle their transactions on the blockchain, making them secure and transparent. The mobile trading experience is improved by allowing users to access the exchange directly from the wallet. iBitcome also embraces a Replayed-On-Chain (ROC) mechanism, which creates instant transactions.
With a dApp browser, this wallet enables users to access their favorite dApp at their fingertips. For app builders, they can utilize dApp SDK in order to create one of their choice.
Image source: apple.com
Zcash utilizes high-level technology that makes it go beyond other digital assets. Users can control the information they share. With the wallets mentioned in this piece, users can find the best Zcash wallets options to protect their ZEC coins.