Just bought my first $ZEC on Gemini now what?


#1

Dumb question but now that I purchased some $ZEC on Gemini what should I do next?


#2

Depends on why you bought it…?

Presumably you want to store it somewhere, suggest setting up a node (zcashd) and the qt wallet (zec-qt-wallet).


#3

Besides the financial stuff Zcash full node wallet allows for zk-snarks encrypted text communication, perhaps currently the most secure way in the world


#4

Thank you very much. How do I do that? Is there a video I can watch?

Thanks. :slight_smile:


#5

Im not sure but in the wallet gui’s its referred to as the memo field (it can only be used with shielded transactions) basically you click that and type the message then send your transaction


#6

Secure it in a wallet you control, learn where you can spend it, then buy more!


#7

Thanks. I’d like to watch a video on how to secure it in a Wallet I control.

That’s the step I’m at now and don’t know how or what wallet. Thanks again.


#9

really depends on what you want to do with your zcash (trade, buy stuff, or hold as investment). as a trader, i use this wallet when moving ZEC on/off exchanges


if you’re planning on holding zcash as an investment for a while check out a hardware wallet like trezor, or ledger. i would be very surprised if there wasn’t a video on youtube explaining how to use a ZEC wallet.


#10

Yes kek named some of the best wallets. ZEC-QT is a pleasure to use and has shielded z-address functionality.