How to use a Zcash ATM

What is a Zcash ATM?

A Zcash ATM is a physical machine that allows users to deposit physical cash and receive electronic ZEC, or sometimes deposit ZEC and receive fiat cash. Some crypto ATMs offer bitcoin only, but increasingly many support ZEC and other cryptocurrencies.

Where can I find a Zcash ATM?

Check out the ATM map at https://paywithz.cash/find-an-atm for Zcash ATMs worldwide. Many are located in gas stations, convenience stores and shopping malls. As of November 2022, Coin ATM Radar shows there are more than 38,000 bitcoin ATMs worldwide, with 33,000 in the United States.

Do I have to KYC to use one?

In the United States, the Financial Crimes Enforcement Network (FinCEN) requires that all cryptocurrency ATM operators observe and follow the anti-money laundering provisions of the Bank Secrecy Act. As a result, users can expect to provide a name and phone number with SMS. Users who make larger transactions, such as over $1,000, may have to scan a government-issued identification, such as a passport or driver’s license, or a SSN number, to verify the identity of the person making the transaction. Also be aware that many Zcash ATMs will be monitored by video surveillance.

Are there extra fees ?

Expect to pay 10–20% for transaction fees. Fees can be seen on the machine’s profile at Coin ATM Radar. On top of that, exchange rates are often not the best, so it can pay to shop around for the best rates. Overall you may get less ZEC per dollar at a crypto ATM than through an exchange like Coinbase or Gemini.

How to use a Zcash ATM to buy ZEC?

  1. Get a Zcash wallet. Before using a Zcash ATM, you’ll need a wallet address in which to deposit the ZEC that you purchase. It’s ideal but not required that the wallet be synced with a mobile data connection to the internet. You could possibly use a screenshot of a transparent QR code, but if you wish to see the funds deposited while you’re physically at the ATM, you will need a synced and connected wallet. You can find a list of Zcash wallets at z.cash/wallets.

Last updated November 17, 2022

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