Zcash Casinos 2024
Zcash Facts | |
Company: | Electric Coin Company, Zcash Foundation |
---|---|
Founded in: | 2016 |
Headquarters: | Denver, Colorado/USA |
CEO: | Zooko Wilcox |
Website: | z.cash |
Available in: | over 100 countries |
E-Mail: | [email protected] |
Phone: | (507) 476-1620 |
Best Zcash Casino: | Fairspin |
At Casino.Guide, we see it as our duty to bring you all the latest and greatest on iGaming developments and news. These days, as you may have noticed, we have undertaken the task of deciphering the various crypto coins on the market to help you make better informed decisions when it comes to funding your casino account.
As such, this review is dedicated to Zcash - where it came from, its unique qualities, distinct gambling related benefits, where you can get it, and more.
While we won't tell you whether or not you should invest in it – or any other currency for that matter, this Zcash review should give you all the information you need for determining if it is the right choice for you when it comes to funding your casino account.
As a hint, as an exceptionally secure and private crypto coin, this is actually seen as one of the better options around, so long as it is being offered by the casino cashier, that is. Now let us take a closer look to understand what it is all about.
Contents
- Best Zcash Casinos 2024
- What Is Zcash Anyhow? A Short History Behind the Crypto Coin
- Does Zcash Have the Potential to Establish Itself in Casinos?
- Buying ZEC Coin - How It Works
- Mining Zcash - Another Way to Acquire it
- How to Bank at An Online Casino Using Zcash Coin as Your Currency of Choice
- Pros and Cons of Zcash Gambling
- Unique Aspects of ZEC in Comparison to Other Popular Crypto Currencies
- How Safe Is It to Play at a Zcash Casino?
- Payment Limits at Zcash Crypto Casinos
- Game Selection Available for Gambling with Zcash Online
- Tips and Tricks for Gambling Online with ZEC
- Are There Special Zcash Bonus Promotions to Know About?
- Some Popular Alternative Crypto Coins You May Choose for Gambling
- Zcash Casino FAQs
- Our Expert Opinion on Zcash Casinos
Best Zcash Casinos 2024
To set the record straight from the start, it is important to point out that the reality is, not every online casino accepts Zcash yet. Based on our last look, for example, while perhaps the biggest name in crypto gambling, Stake casino, has recently updated its wallet to include about a dozen new crypto options, ZEC somehow did not make the list.
In any event, we can only imagine its availability as a casino payment method will increase in the near future. In the meantime, to help you get started, the following casinos are our top picks for where you can safely and conveniently gamble online using Zcash.
94% Outstanding | $5,000+ 150 Free Spins | visit Bizzo CasinoRead Review | ||
93% Outstanding | up to $450 000+ 140 Free Spins | visit FairspinRead Review | ||
93% Outstanding | $700 | visit Bitsler CasinoRead Review | ||
93% Outstanding | $300 | visit 22BetRead Review | ||
93% Outstanding | $500+ 100 Free Spins | visit National CasinoRead Review | ||
92% Outstanding | $180+ 120 Free Spins | visit 20Bet CasinoRead Review | ||
90% Outstanding | 6 BTC or 1200 USD+ 250 Free Spins | visit FortuneJackRead Review |
What Is Zcash Anyhow? A Short History Behind the Crypto Coin
Zcash, also known by its trading initials ZEC, is a digital currency that was developed as a code fork (i.e. based on the source code) of Bitcoin, though it differs from the concept of the prototype.
It was first dreamt up by a group of scientists - led by Johns Hopkins professor Matthew Green, and some of his graduate students including Eli Ben-Sasson, Ian Miers, Alessandro Chiesa, Eran Tromer, Christina Garman, and Madars Virza, who noticed security flaws in the tracking of transactions on the Bitcoin blockchain. Zerocash, as it was then called, which began in development in 2013 and was eventually released in 2016 by the Electric Coin Company, was their answer to these flaws. Entrepreneur and developer, Zooko Wilcox who helped launch the new digital currency, now serves as the company's CEO.
Considered an altcoin, Zcash obviously has many similarities with Bitcoin. The main difference here is that ZEC uses the zk-SNARK protocol, which adds an additional layer of privacy by ensuring that no information about the parties involved in any transactions are revealed. In other words, transaction information, which is usually encrypted but nevertheless stored publicly in the blockchain, can be hidden with Zcash at the user's request.
These fully shielded transactions ensure that the sender, recipient, and the amount of the transaction are encrypted, which is very different from other digital currencies. Essentially this means, ZEC transactions, as opposed to BTC transaction, cannot be traced. Hence the additional privacy layer.
That being said, not everyone wants fully shielded transactions. In which case, the individual can choose to execute the full transparency option in their transactions, making it rather flexible as well.
While additional anonymity may read as sketchy to some, we'll point out that the Electric Coin Company is actually very dedicated to above board operations, and explicitly promotes complying with regulatory requirements.
As for availability, like Bitcoin, ZEC has a cap of 21 million units to be put in circulation. This choice was made to ensure a balance between the desired value and stability. Once that 21 million token limit is reached, it will no longer be available for mining. As to when that will happen is anyone's guess, though we would imagine within the next couple of years, with about half that number of coins already circulating at last check.
Explanatory Zcash Video
Sometimes it is even easier to understand how something works by seeing it. Watch this short video for a useful walkthrough of what Zcash is, and how it can be used.
Does Zcash Have the Potential to Establish Itself in Casinos?
While Zcash, like many cryptocurrencies, can seem complicated on a technical level, there is no reason really why you need to wrap your head around that for trading or casino purposes. At the end of the day, the backend really is not that important for many of us. Rather we want to understand things like the stability of its value, profit potential, and bottom line uses.
In the case of ZEC, the good news is that it is actually highly devoted to becoming an actual currency beyond just trading purposes. If you have a look at its website, for example, you can see an entire page, plus deeper links, explaining where and how it can be used. This includes major retailers like Baskin Robbins, Lowe's, and Nordstrom, which allow you to pay in Zcash in person using either the Flexa SPEDN or Gemini app on your mobile.
In addition, you can use it to pay online through a service called Moon almost anywhere that the Visa credit card is accepted. And you can even send ZEC to a friend or service provider with a crypto wallet.
All of this attests to why it should be even more popular and common at online casinos today. In fact, we are even a little surprised that it is less ubiquitous than it currently is. However, we assume, this will change as Zcash actually has tremendous potential when it comes to online casino banking.
Buying ZEC Coin - How It Works
Regardless of the specific characteristics of the currency, Zcash coins can be purchased as easily as Bitcoin, Ethereum, or Litecoin. The development team created its own blockchain based on Bitcoin's codebase, and the purchase, in turn, runs conveniently via established crypto exchange platforms.
In case you are not yet familiar with the concept, these exchanges give you the opportunity to trade cryptos in a way similar to what is common with stocks, that is investment or profit-making purposes. Crucially for casino customers, they also allow you to deposit a fiat currency like US dollars or CAD in order to exchange it for Zcash, which you can then transfer to your casino account.
The following wallets have been tested by our experts and all make for good options if you're looking for ideas:
If you are new to this, rest assured, the process is easy. There may be slight differences in the interface on the different exchange websites, but as a whole broken down into basic steps, this is how the Zcash purchase works:
- Select a crypto exchange platform.
- Set up a customer account.
- Make a deposit in your currency of choice. Most exchanges will have a wide variety of options like EUR, USD, AUD, CAD, GBP, and more.
- Select ZEC as the crypto you would like to purchase, and specify the amount you would like to acquire.
- Complete the purchase.
Once purchased, the tokens will be credited almost immediately according to the exchange value at which you bought them, at which point you can either save them or spend them in places like an online casino.
Keep in mind, a reputable crypto wallet is a safe and convenient place to hold and manage your ZEC balance. However, make sure to store your wallet's access data very carefully as there is no way to recover passwords for crypto wallets. That means, if you lose your password, your money is gone too!
Mining Zcash - Another Way to Acquire it
The other option to acquire Zcash beyond the purchase route is by mining tokens, as is done with Bitcoin. Though in this case, a bit differently.
And while we doubt that you will start mining crypto after reading those two paragraphs, just in case you do, keep in mind, many recommend joining a mining pool to increase efficiency and benefits in Zcash mining prospects.
How to Bank at an Online Casino Using Zcash Coin as Your Currency of Choice
Next up is the most practical of matters for the heart of this review; and that is making a ZEC deposit. After all, playing for real money winnings is only an option with real money wagers - and that can only happen after a successful deposit.
This, however, should in no way stress you out. Even if you are looking to make your first crypto deposit ever, or are new to online gambling as a whole. The process is completely intuitive and streamlined, and you should have no trouble figuring it out direct from any reputable casino's user interface. Plus, if you need a bit more hand-holding, you can turn to the casino's customer support team via the live chat function, and an agent will happily walk you through from there.
In any event, the basics of how to deposit will look something like this:
- Register at a ZEC casino by creating an account - You will need to fill in all of the required fields in the signup process, which in crypto casino cases, are usually no more than a username, password, valid email address, and confirmation that you are over 18 years of age.
- Go to the casino cashier - All casinos with a decent interface will have a clearly marked button at the top of each page labelled either 'Deposit' or 'Wallet' (or similar) to make this extra easy.
- Select Zcash from the deposit options.
- Scan the QR code you see onscreen with your cell phone, or copy the unique address provided to your crypto wallet.
- Enter the amount you would like to deposit.
- Confirm the transfer.
It should take no more than a couple of minutes until the credit is transferred to your account and you are ready to place real money ZEC wagers. Fast, convenient, and like we have already highlighted, super safe.
Pros and Cons of Zcash Gambling
As with any currency there are always considerations to keep in mind - that is the pros and the cons of banking with it for casino gambling purposes. These are a few of the pros and cons to keep in mind, from our perspective.
- What advantages does Zcash offer as a payment method at an online casino?
- What are the disadvantages of using Zcash as a payment method at an online casino?
What advantages does Zcash offer as a payment method at an online casino?
Although the protocol of the ZEC token was designed differently than other well-known alternatives such as Bitcoin and Ethereum, paying with Zcash at an online casino is just as easy, and at least as fast. Some would even say faster than many. In addition, there is the privacy-protecting nature of this digital coin, as well its generally low transaction fees working to its advantage.
Zcash coin casino banking benefits at a glance:
- Complete anonymity of transactions, with no traceable transaction history thanks to the zk-SNARKs (a.k.a. zero-knowledge) technology
- Option for transparent transfers with special t-wallet addresses if you prefer for your records
- Fungible currency, meaning all coins have identical value and can easily be traded or exchanged for others
- Fast and cheap transfer of coins
- Low emission in the mining process in comparison to BTC (i.e. a greener option)
- A maximum of 21 million units in circulation helps maintain its value and relative stability
What are the disadvantages of using Zcash as a payment method at an online casino?
The strongest disadvantage here is that ZEC is still relatively uncommon in the gaming sector. So while technologically the advantages of the ZEC token outweigh the disadvantages, it is currently still quite difficult to find Zcash casinos. This, in our opinion is too bad, because with its heightened privacy and security it really suits the purpose here in particular.
Zcash coin disadvantages at a glance:
- Only accepted at a limited number of casinos as a banking option
- Limited availability with long-term development difficult to predict, but this is the case with many altcoins.
However, many operators in the iGaming industry recognise the inherent benefits in ZEC, especially for casino banking purposes. Despite that, few of the casinos we have reviewed to-date offer it as an alternative to other more popular digital currencies like Bitcoin or Ethereum. Likely that is simply because more people already have these other coins. But just as easily, it could be a matter of time until we see more operators that go with their gut and incorporate ZEC too.
Unique Aspects of ZEC in Comparison to Other Popular Cryptocurrencies
Contrary to some assumptions, Zcash does not eliminate transaction information. Rather, it encrypts it so it can't be tracked. The Zcash blockchain in other words, is still encrypted, but zk-SNARK, its security protocol, adds another layer of anonymity and user security.
These and other factors ensure that Zcash clearly stands out from more well-known tokens, including its inspiration Bitcoin with which it otherwise shares many similarities.
The main features that have it standing apart from the competition include:
- Complete transparency of the payment if desired
- No traceability when using the Z address for complete anonymity
- Pleasant and easy handling
- Focused on privacy and security
- Own blockchain which is a fork of the BTC protocol
- 21 million coin fixed permanent supply
- New coins can be mined, existing ones can be traded
- Block time is around 2.5 minutes, i.e. quick transactions
- zk-SNARK based cryptography
How Safe Is It to Play at a Zcash Casino?
The small selection of ZEC casinos currently available may differ from one another in terms of the selection of games available, and promotions for new and existing customers. Which game selection or bonus offers most appeal to you is a matter of taste.
Some of the common gaming licensing bodies you should be on the lookout for to ensure that this is a good place to gamble include the
- Curacao e-Gaming Licensing Authority,
- Gibraltar Licensing Authority,
- Malta Gaming Authority (MGA),
- Kahnawake Gaming Commission,
- Alderney Gambling Control Commission,
- Isle of Man Gambling Supervision Commission, or
- UK Gambling Commission.
Similarly, a good indication of a safe online casino is one in which you will find games from well-known software providers like NetEnt, Microgaming, Play'n GO, Yggdrasil, Playtech, and the likes. Each of these game providers have spent years developing their brand and reputation, and needless to say, as a result would not partner with just anyone. Hence, while such a partnership alone is not a guarantee, game providers are a good indication of the casino's safety commitment when the site has a gambling licence.
Payment Limits at Zcash Crypto Casinos
Another important consideration in choosing a casino is of course payment limits, which can sometimes differ between currencies. Although most crypto and thus Zcash casinos do not set any upper limits on deposits or withdrawals, a lower limit for each side of the transaction may exist, but usually this is within a manageable range - equivalent to $10 or $20 or so.
Our recommendation is to always check at the casino itself to see what deposit or withdrawal limits exist, if any. Many will provide this information conveniently in the cashier. Often, if it is not already listed, you will see what limits there are if you just start typing in a number for the transaction.
Overall, however, the often limitless payments supported by crypto gambling are a big part of the attraction. This is awesome for high rollers who want a big bankroll ready and waiting. But even more so, we think, for those who win big, and can easily clear a jackpot prize instantly.
Game Selection Available for Gambling with Zcash Online
As for game availability, we cannot imagine a scenario in which you would be limited either. Maybe years ago there were some sort of restrictions between different currencies like USD and CAD. But nowadays, the only potential limitations may be geography based. For example, if a provider does not have licensing itself to distribute its games in certain countries, or the casino itself has opted not to offer the game, for whatever reason, to certain geographical audiences.
As such, if Zcash can be used for banking, then rest assured that all game categories and titles available in your country of residence – or wherever you IP address places you, will be open.
This includes all of the top online casino game categories like:
Not only is it true that the choice of payment method has no influence on the product portfolio in crypto casinos, the game options these days are in no way limited, with games from all of the biggest and best software providers found on these crypto gambling sites. That means your favourite Microgaming jackpot games, NetEnt slots, Yggdrasil games, and more can be found for crypto betting fun.
Tips and Tricks for Gambling Online with ZEC
In general, there are not really too many tips and tricks we can offer for any currency. For games, yes. Like slots strategy or roulette advice, this is definitely a thing. But a currency is a currency more or less, whether it is a fiat like dollars or crypto coin like this.
As such, the tips we offer are more about bureaucratic matters. Like for example, how you trade and store your coins to minimise transaction fees.
Since crypto is not a local currency - like how Canadian dollars would be to someone living in Canada - practically speaking, this means that you won't just happen to have some in your wallet, and you will need to actively acquire it. As a result, the exchange rate in this case would matter, and you may want to pay attention to it a) when you make your purchase – you will likely want to go for a lower price, and b) when you have your money in the casino to make sure it is not tied up there if the opportunity for a big profit becomes evident on the exchange.
To summarise, some useful tips for ZEC casinos:
- Use an exchange platform with lower fees
- Leave some ZEC available on the exchange if necessary, so you can make trades when the price increases
- Only deposit at verified, reputable casinos, that is, those with licensing.
Our final ZEC tip, is one we always give. And that is to keep track of how much time and money you are gambling online. While most reputable sites will have mechanisms in place to help you out on that front, at the end of the day it is your responsibility to remain in control of your gambling, and set limits that suit your budget and lifestyle.
Are There Special Zcash Bonus Promotions to Know About?
On the bonus front, while we are increasingly seeing crypto bonuses being offered, there are still many places that will not give cash bonuses if you are banking in Bitcoin, Zcash, or any other digital coin out there. This, we would imagine, has to do with the often inconsistent value of cryptos, especially Bitcoin.
Additionally, if the casino has a VIP loyalty program - which most of them actually do - your ZEC wagers will also count towards climbing the ranks and reaping the rewards.
Some Popular Alternative Crypto Coins You May Choose for Gambling
Although Zcash could prevail in the industry, the selection of crypto casinos that allow ZEC payments is not exceptionally large so far. As such, it can only be beneficial to keep alternative possibilities in mind. The following coins in particularly are frequently accepted for casino banking purposes:
If you are an avid follower of the crypto market, then in all likelihood you may already hold some of these coins. Which means you can just make a transfer to the casino for a deposit and you are good to go.
If you are newer to the industry, you may now only be considering your options. The choice of which to purchase, however, is beyond the scope of our expert advice since we are casino pros most of all. As such, all we can say is that you will need to examine your budget and investment goals ultimately in making that choice.
Zcash FAQs
Zcash has been around since 2016, but probably only a few casino customers have dealt with it as it is still significantly less common than Ethereum, Bitcoin, and Litecoin. That's why it is all the more important for us to answer typical questions about paying with ZEC in casinos for our readers - and the reason why we have put together a few FAQs to end our Zcash casino review.
- Which is better, Zcash or Bitcoin?
- How much does it cost to deposit and withdraw using Zcash?
- How long will a Zcash deposit or withdrawal take?
- Do provably fair games work with ZEC?
- How secure is Zcash as a payment method?
- What is the Zcash forecast?
1.) Which is better, Zcash or Bitcoin?
Since Zcash is built on the Bitcoin blockchain and has many similarities, including the 21 million fixed token supply, this is a common and legitimate question.
In terms of casino gambling, both are great options. The only issue being that ZEC is far less available as a payment method than BTC. However, if the opportunity presents itself, there is no reason not to bank and bet in ZEC. In other words, both are perfectly good.
Back to FAQ2.) How much does it cost to deposit and withdraw using Zcash?
From our experience, very few operators at this point charge their customers fees for either deposits or withdrawals. So if you find one that does, this may give you pause, and be a legitimate reason to reconsider.
That being said, with any blockchain transaction you will incur a network fee, including for ZEC transfers. The exact rate will depend on the wallet service that you are using, but in general it is known to be lower for ZEC than other digital currencies, so that is another positive thing there.
Back to FAQ3.) How long will a Zcash deposit or withdrawal take?
Most online casinos will highlight on their website that crypto transactions are instant. And this is essentially true, since they are processed and completed within a matter of minutes.
4.) Do provably fair games work with ZEC?
Provably fair is a term that many crypto casino customers automatically associate with special Bitcoin games. True, that was originally the case, but now the concept extends to all games designed exclusively for crypto play, including bets in ZEC.
Like we briefly mentioned above in our coverage of ZEC casino safety, this indeed is actually one of the telling signs of such a place, ie. that it is a secure and fair place to play.
Back to FAQ5.) How secure is Zcash as a payment method?
As far as we know, no other cryptocurrency offers higher security standards and greater anonymity. Paying with Zcash can therefore be described as absolutely reliable, and completely private if you please, so no third-party could track who you are, what you have transferred, and to whom. This is considered by many, including its developers, its central advantage and greatest point of appeal.
Back to FAQ6.) What is the Zcash forecast?
This token provides one of the most interesting options on the crypto market, not only in terms of anonymity, but also in terms of quick transaction speed and minimal fees. But what its forecast is, ultimately is anyone's guess.
There is absolutely no way we, as casino reviewers could possibly know, especially considering the fact that even the most seasoned investors have never particularly gotten in right.
Our Expert Opinion on Zcash Casinos
Although Zcash is not a currency that can be found in every online casino, the concept behind it sounds promising. The main reason for this is that Zcash offers significantly better security standards than better known tokens, with the reassurance that payments can be made completely anonymously.
Of course, as when dealing with any cryptocurrency, you have to be aware that the Zcash exchange rate fluctuates, so its ultimate market value can hardly be predicted.
So if Zcash is offered at the casino you are considering, it is an excellent choice in our books. Now all we have to do is hope that in time, it will become available in more places.