How to deposit and withdraw Zcash

Waves allow you to hold and transfer Zcash on its blockchain. This works through a so-called Multigateway approach: Zcash is sent to a user's personal deposit address available in the Lite Client and after the deposit, the user receives an Zcash token (wZEC) on the Waves blockchain. Every single Zcash tokens are backed 1:1 with a real Zcash.

How to deposit Zcash

In the Wallet tab of the Lite Client, click on DEPOSIT in the Zcash box. The following pop-up will appear:


How to deposit through Zcash transfer

The process is straight-forward - simply copy paste the shown Zcash address and send a payment to it. Please note that the minimum deposit is 0.001 Zcash. 

The deposited amount of Zcash will be sent to your Waves account in form of Zcash token (wZEC). 


Processing can take up to 120 minutes.

How to withdraw Zcash

In the Wallet tab of the Lite Client, click on WITHDRAW in the Zcash box. The following pop-up will appear.

Simply enter the Zcash address you want to withdraw to as well as the amount of Zcash. Please note that the gateway charges 0.01 Zcash for the network fee as well as 0.001 WAVES. After you have completed the form, click on WITHDRAW and you'll receive Zcash tokens within few hours at maximum.




Before creating an order or withdrawal request, please make sure that you have enough Waves.

 

The commission for creating one buy or sell order on the DEX platform is 0.003 Waves.

Transferring of any tokens from your wallet will cost you 0.001 Waves.


If you have enough assets (BTC/ETH/LTC/ZEC/USD/EUR and so on) and if this assets has sufficient value, just exchange them for Waves without having an initial Waves using the internal DEX exchange.


Read more - How to trade tokens on the DEX


Warning. When you exchange Assets for Waves to get the initial tokens. Please take into account the amount of exchange, since order fee is 0.003 Waves, this amount will be debited from the received Waves after order execution.