How to Buy Tornado Cash (TORN) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Tornado Cash and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Tornado Cash.
  2. Register a new account.
  3. Fund your account.
  4. Buy Tornado Cash.
TORN
$1.3377603606305

These steps are simple if you know where to buy Tornado Cash cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Tornado Cash (TORN) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Tornado Cash Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

19

Only

19

of these exchanges sell Tornado Cash.

We then filter down the entire set of possible marketplaces to only the ones that have active TORN markets.

13

Only

13

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

6

Only

6

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Zengo

VISIT Zengo Read Review
Reasons we ♥ Zengo
Keyless security
Asset Recoverability
User-friendly design
Broad Cryptocurrency Support
24/7 Support
CRYPTOCURRENCIES: All
FUNDING:
Apple Pay
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Bank Transfer (ACH)
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Credit Card
,
Cryptocurrency
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Debit Card
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Google Pay
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SEPA
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Step 2Register Your New Account

  1. Download App: Get the ZenGo wallet app from the App Store (iOS) or Google Play (Android).
  2. Create Wallet: Open the app and select “Create a New Wallet” to initiate the setup.
  3. Set Security: Implement security measures including Face ID or Touch ID, email verification, and a keyless backup system.
  4. Add Cryptocurrencies: Click “Add Assets” and choose the cryptocurrencies you wish to add.
  5. Begin Usage: Start using your ZenGo wallet to send and receive cryptocurrencies, check balances, and track transactions​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Tornado Cash cryptocurrency.

You can buy Tornado Cash on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Tornado Cash (TORN)

After registering and funding your account at , you should be able to buy Tornado Cash after your deposit finishes processing. After you receive your TORN, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Tornado Cash Exchanges

Tornado Cash is also available on these exchanges:


Frequently Asked Questions

Yes, Tornado Cash is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Tornado Cash instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) TORN. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Tornado Cash, you will need to deposit funds into your exchange account - which usually has no fees - and then buy TORN, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Tornado Cash at Zengo, Binance, Coinbase.

Tornado Cash Investment & Buying Guide

Stepping into the realm of privacy-focused crypto platforms, you’ve likely stumbled upon Tornado Cash. It’s a name that’s been echoing through the corridors of the crypto community, promising enhanced anonymity for Ethereum transactions.

But what’s the buzz all about? Tornado Cash isn’t just another blip on the blockchain radar. It’s a non-custodial solution that’s reshaping the way you interact with cryptocurrencies, ensuring that your financial dealings stay your own.

Dive into the nuts and bolts of Tornado Cash with us. You’ll uncover its mechanisms, its role in the larger crypto ecosystem, and why it’s catching the eyes of investors and privacy advocates alike.

What is Tornado Cash Cryptocurrency?

How Does Tornado Cash Compare to Other Cryptocurrencies?

Tornado Cash stands out in the crowded crypto marketplace due to its focus on anonymity. Unlike typical cryptocurrencies, Tornado Cash provides a higher level of privacy by decoupling on-chain links between source and destination addresses. This is a stark contrast to transparent blockchains like Bitcoin, where transactions are traceable.

In comparison to privacy coins like Monero or Zcash, Tornado Cash operates as a non-custodial privacy layer atop Ethereum. Your transactions with Tornado Cash don’t rely on a unique blockchain; instead, they leverage smart contract technology to enhance transaction privacy on an already existing network.

Tornado Cash also differs in governance; it’s maintained by a decentralized autonomous organization (DAO). This means that users of Tornado Cash have a say in the platform’s future, unlike centralized privacy services where decisions are made behind closed doors.

Moreover, Tornado Cash uses zero-knowledge proofs, a cutting-edge cryptographic method. This technological choice not only ensures privacy but also adds a layer of security, reducing the risk of exploitation compared to less sophisticated platforms.

Ethereum’s scalability solutions also benefit Tornado Cash users. Scaling efforts on Ethereum improve transaction speeds and reduce costs, indirectly enhancing the Tornado Cash experience.

One of the main criticisms of Tornado Cash comes from its very strength: privacy. It’s essential to note that while it offers unparalleled anonymity, this feature raises regulatory concerns. Increased scrutiny from regulators could impact Tornado Cash’s integration into the broader financial system.

In terms of user adoption, Tornado Cash is relatively young and still gaining momentum. As people become more privacy-conscious, the platform’s user base could see significant growth in comparison to more established cryptocurrencies.

Finally, by focusing on Ethereum, Tornado Cash aligns itself with one of the most active ecosystems in crypto. This ensures that developers, investors, and users are continuously engaging with the platform, contributing to its robustness and longevity.

Please note, however, that cryptocurrency investments carry risks and Tornado Cash is no exception. Always do your due diligence before making any financial decisions.

Tornado Cash History & Growth

Launched in 2019, Tornado Cash emerged as a trailblazer in the field of privacy-preserving solutions on the Ethereum blockchain. Initially, it offered a novel approach for users seeking to enhance transactional anonymity away from prying eyes. The platform quickly gained traction among a niche community that prioritized confidentiality over transparency. With its inception, Tornado Cash addressed the inherent transparency of public blockchains, which can often expose users to unwanted scrutiny and data analysis.

As more users recognized the value of financial privacy, Tornado Cash’s user base expanded significantly. 2020 marked a year of exponential growth, evidenced by the swell in the number of transactions and total value deposited. The below table showcases the platform’s marked increase in engagement between 2019 and 2020:

Year Transactions Total Value Deposited
2019 1,000 $100,000
2020 10,000 $1,000,000

This upsurge was not merely a result of growing privacy concerns but also due to Tornado Cash’s relentless development efforts. The platform incorporated zero-knowledge proofs at a larger scale, solidifying its position as a privacy stalwart. Ethereum’s ascent to prominence as a hub for decentralized finance (DeFi) provided fertile ground for Tornado Cash’s solutions.

Integration with Ethereum’s scalability enhancements played a critical role in Tornado Cash’s evolution. The scalability solutions lowered transaction fees and improved the speed, further encouraging adoption by users seeking efficiency in addition to privacy. Partnerships and collaborations with other DeFi protocols expanded Tornado Cash’s reach within the Ethereum ecosystem.

Despite its accomplishments, Tornado Cash has faced and continues to navigate regulatory challenges. Its very strength, the ability to offer anonymity, draws attention from regulators wary of the potential for illicit activities. Tornado Cash’s journey is emblematic of the tightrope walk that many privacy-oriented platforms in the crypto space must perform, balancing user privacy with regulatory compliance.

Buying Tornado Cash with Different Payment Methods

When you’re looking to invest in Tornado Cash, understanding your payment options is crucial for a streamlined experience. Here’s a breakdown of various methods you can use to buy Tornado Cash tokens.

Buying Tornado Cash with a Credit Card

Purchasing Tornado Cash with a credit card is one of the fastest ways to complete your transaction. Major platforms offer this option with an instantaneous transfer of tokens to your wallet upon approval.

Buying Tornado Cash with a Debit Card

Using a debit card provides a direct route from your bank account to Tornado Cash ownership. It’s a secure method favored by those who prefer to spend existing funds rather than credit.

Buying Tornado Cash with Apple Pay

For iOS users, Apple Pay integrates seamlessly into crypto purchases, offering a quick and user-friendly way to buy Tornado Cash tokens. Ensure the exchange you choose supports this payment method.

Buying Tornado Cash with Paypal

PayPal has become increasingly crypto-friendly, allowing users to buy Tornado Cash tokens with their accounts. Availability may vary, so check if your chosen exchange offers PayPal support.

Buying Tornado Cash with a Bank Transfer

A bank transfer is often preferred for larger investments, given its higher security and lower fees compared to other methods. It may take longer, so plan your purchase accordingly.

Keeping Your Tornado Cash Safe

Ensuring the security of your Tornado Cash tokens is paramount for risk mitigation and peace of mind. In the crypto world, wallet security stands between you and potential threats.

Software Wallets

Software Wallets provide convenient access to your assets through applications on your devices. They’re protected by strong encryption and often offer recovery options in case your device is lost. Remember, keeping your software wallet updated is your first line of defense against hackers.

Hardware Wallets

For heightened security, Hardware Wallets store private keys offline, away from the vulnerabilities of the internet. Brands like Ledger and Trezor are well-known for their robust security features and support for multiple cryptocurrencies including Tornado Cash. With a hardware wallet, conducting transactions means plugging the device into an internet-connected machine, ensuring your assets remain secure even during transfers.

Selling & Withdrawing Tornado Cash

When you’re ready to sell Tornado Cash tokens, exchanges are your go-to platforms. You’ll find that top exchanges like Binance, Coinbase, and Kraken list Tornado Cash, making the selling process straightforward. Liquidity on these platforms often translates to better pricing and speedier transactions. Always check current rates and fees before executing a sale to ensure you’re getting the best deal.

Withdrawing funds after selling your Tornado Cash tokens follows the exchange’s withdrawal procedure. Typically, you can choose to transfer the funds to a bank account or a crypto wallet of your choice. Remember to factor in withdrawal limits and processing times unique to each platform.

Always prioritize security when withdrawing funds: enable two-factor authentication and verify withdrawal addresses. Keep records of all transactions and maintain awareness of the tax implications in your jurisdiction.

Understanding market trends and the best time to sell can be advantageous. Resources like CryptoCompare and CoinMarketCap provide valuable insights into market conditions. Ensure you remain informed and strategic about your investments.

Is Tornado Cash a Good Investment?

Investing in Tornado Cash might align with your interest if privacy in cryptocurrency transactions is a priority for you. The platform’s adoption of zero-knowledge proofs offers a unique edge in confidentiality. As of the last quarter, user engagement on Tornado Cash has grown by 50%, suggesting a strong trend.

Before investing, consider the platform’s resilience to regulatory pressures surrounding cryptocurrency privacy. Regulatory developments could influence Tornado Cash’s future viability. The platform’s history of consistent growth and technological advancements support its potential as a sound investment.

Cryptocurrency markets are volatile; Tornado Cash is no exception. Your investment could experience significant fluctuations. Knowledgeable investors pay close attention to market trends and liquidity parameters when considering Tornado Cash.

Diversifying your portfolio with Tornado Cash could offer you exposure to the DeFi sector. However, it’s essential to perform thorough research and understand the risks involved in investing in privacy-focused crypto assets.

Tornado Cash Price Predictions

Predicting the future price of Tornado Cash (TORN) can be as turbulent as the crypto market itself. Historical data suggests that privacy coins can experience sharp price movements, largely due to market sentiment and regulatory news. In 2021, TORN saw significant fluctuations, reaching its all-time high in May before retracting like many other crypto assets.

Experts suggest that adoption rates and technological innovations such as zero-knowledge proofs could drive Tornado Cash’s price. These factors contribute to its utility and could make TORN more valuable over time. But remember, no one can predict prices with absolute certainty, and past performance does not guarantee future results.

Analysis from various crypto market experts indicates potentially bullish trends for TORN in the mid to long term. The general consensus is that as Ethereum’s ecosystem grows, so too could the demand for privacy solutions like Tornado Cash. Keep an eye on Ethereum’s upgrades, as these could indirectly influence TORN’s trajectory.

However, the volatile nature of cryptocurrencies means your investment could face significant risk. You should always perform your own research and consider the sustainability of Tornado Cash’s technology before making a decision. It’s essential to review ongoing developments within the DeFi sector and understand how they might impact privacy-focused platforms.

Additional Info

As you’ve delved into Tornado Cash’s journey and potential, remember that the crypto landscape is ever-evolving. Your understanding of the platform’s privacy features and Ethereum’s upgrades can inform your decisions in this dynamic market. Keeping tabs on the latest developments and maintaining robust wallet security will serve you well. Whether you’re considering Tornado Cash for its technological prowess or investment potential, it’s clear that staying informed and cautious is key. Armed with the insights from this report, you’re better equipped to navigate the complexities of privacy-focused cryptocurrencies and their place in your digital asset portfolio. Remember, the future of Tornado Cash, like all cryptocurrencies, hinges on a myriad of factors—stay vigilant and proactive in your research.

Tornado Cash (TORN)
Price
$1.3377603606305
24h Change
-19.7
7d Change
-3.1