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.
Read more about What is a payment gateway and how does it work?
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:
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.
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