In particular, we also give you advice on which ZCash wallet to use if you wish to send private transactions with ZEC. Before going into the subject further, it is important that you have a basic understanding of cryptography, wallets and the technology behind Zcash.
If you want to know in detail how Zcash’s anonymous transactions work, we recommend that you read our detailed Zcash Guide. Otherwise, you can also read our Quick Guide below, where we have compiled the most important information for you.
You should take this as an example! Cold wallets offer by far the highest protection and can be purchased in the form of hardware wallets. The big disadvantage of hardware wallets is that, unlike desktop wallets and mobile wallets (both hot wallets), they are not free of charge.
The Bluetooth feature, which was initially heavily criticized by the crypto community, is also considered safe and does not pose a security risk to your Zcash (ZEC). As Ledger clarified after the launch of the Nano X, only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. Furthermore, a release with the Ledger Nano X is always necessary to send transactions. Thus the Bluetooth can be used without hesitation.
Author : Jake Simmons