How to Buy Chiliz (CHZ) in 3 Simple Steps

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Chiliz uses blockchain technology to help sport and entertainment entities better engage with their fans. The project is behind the socios.com platform, where users can buy fan tokens for the world’s most renowned sports teams with the CHZ cryptocurrency. Keep reading to find out how to buy Chiliz (CHZ) for yourself.

How to Buy Chiliz

The easiest way to buy Chiliz is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Chiliz and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Chiliz.

1. Choose a platform

Find a crypto broker or crypto exchange that supports CHZ to meet your needs. If you want access to specific features, such as a demo account or derivatives trading, check which platforms offer them. There is more on this later in the guide, or you can simply sign up now with one of our top choices.

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2. Create and fund your account 

Once you’ve selected a platform, head to the create account page and fill in your details in the registration form. You may also have to provide a copy of your photo ID to complete the verification process. Then you can go to the deposit page and select one of the payment options to fund your account, such as a credit or debit card.

3. Buy Chiliz

Search for the relevant CHZ trading pair (this will be CHZ/GBP if you have just deposited British pounds) and create a buy order. If you want to buy CHZ now at the current price, make it a market order. Alternatively, you can use a limit order to specify a price at which CHZ will be bought for you automatically in the future.

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Buy Chiliz Today!

What Is Chiliz?

Chiliz is a provider of blockchain tools and solutions for sport and entertainment. The project is well known for creating the fan engagement platform socios.com, which has scored partnerships with big sporting names such as Juventus, Manchester City, FC Barcelona, Paris Saint-Germain, OG, and UFC.

Users can purchase fan tokens for all these teams and more. Fan tokens are digital assets that grant their holders benefits such as the ability to vote on official club decisions and special VIP experiences. The fan tokens are minted on the Chiliz blockchain and voting also takes place on the blockchain.

Socios.com uses the CHZ cryptocurrency as its exclusive on-platform currency. All fan tokens must be purchased with CHZ.

Ways to Invest in Chiliz

You have a choice when it comes to how you invest in Chiliz as CHZ can be bought for the long term or the short term. We will be exploring the benefits of each approach below.

Buy Chiliz and hold

The easiest strategy to follow is to buy and hold as anyone can purchase CHZ and hold onto it for the long term. There is no need to spend hours each day analysing the market. In fact, this strategy takes up practically none of your time.

CHZ cannot be staked for passive income while you are holding it, but it can always be used to purchase fan tokens and participate in fan token offerings.

Best Chiliz wallets

You may wish to self-custody your CHZ in a private wallet if you are going to be holding the tokens for a long period of time. This gives you full ownership of your tokens and may make them more secure.

Software wallets can be downloaded onto computers and mobile devices, and tend to be free and easy to use. Hardware wallets, like Trezor, BitBox, and Ledger, provide a more secure option but can be expensive and less intuitive to use.

Trade Chiliz

It is also possible to take advantage of Chiliz price volatility by trading it over much shorter timeframes than investors to generate more frequent returns. Trading requires you to buy and sell Chiliz, this takes more time and effort than holding and can require skills such as technical analysis.

Traders are less likely to make use of a private wallet as they need regular access to their tokens on their exchange. Web wallets provide a more convenient, albeit less secure, option and tend to be provided for free by cryptocurrency  exchanges.

Should I Buy Chiliz Now?

This page should provide you with some information about Chiliz but you will have to make your own investment decisions. CHZ has a capped max supply and this scarcity could potentially make the token a good store of value in the long term. For more detailed predictions, read our Chiliz price prediction guide here.

CHZ is the only currency that can be used to buy fan tokens. This means that demand for fan tokens is likely to drive demand for CHZ, which could make the token more valuable. Some of the world’s most popular sports teams and organisations have already launched tokens on the Chiliz blockchain and socios.com continues to forge new partnerships.

Sport is a huge industry globally and there is a clear appetite among fans for more involvement. Blockchain technology makes fan engagement simple and meaningful, and Chiliz’ early realisation of this could see the project corner the market on fintech solutions for sport.

Frequently Asked Questions

Where can I buy fan tokens?

You can purchase fan tokens through the socios.com app or on the Chiliz Exchange. The cost to you will depend on the price of CHZ, as you will need CHZ in order to purchase fan tokens. Follow our buying CHZ three-step process further up the page in order to buy yours using a credit or debit card.

What can fan token holders vote on?
This is up to the clubs for each fan token, but once the fans vote on a poll their club runs, their decision is final. Decisions made by fan token holders so far have included team mottos, kit designs, bus designs, and the starting XI.
What is a Fan Token Offering?
A Fan Token Offering, or FTO, is when a new fan token is sold at a fixed price before launching on the marketplace.
What type of token is CHZ?
CHZ was initially launched as an ERC-20 token on the Ethereum blockchain, but it is also available on Binance Smart Chain, Tron, and Chiliz.
Has Chiliz been audited?
Yes. Chiliz was audited by CertiK. You can see the results of the audit here: https://www.certik.com/projects/chiliz

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