How to Buy Chiliz (CHZ )
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How to buy CHZ
Just 3 easy steps to start investing in Chiliz
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase CHZ with PayPal, Google Pay, etc.
Choose CHZ , select how much you want to buy, and make your first investment.
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Learn more about Chiliz
What is Chiliz ?
Chiliz is the world's first cryptocurrency dedicated to sports fans. Socios is the platform that works with this cryptocurrency. Sports clubs can create Fan Tokens on this platform, and their fans can buy tokens with their favorite sports club's logo to show their support. They also can trade the tokens with others. The Fan Tokens show interest in a particular sports team, especially football clubs. The platform was launched in December 2019. The first sports partner to this platform was the Italian soccer team of Turin.
Check out Chiliz official website for more information.
What is CHZ ?
The official token of Chiliz, called CHZ, is an ERC-20 token launched in 2018. CHZ is used on the Socios platform to purchase fan tokens. The CHZ holders can select their favorite sports team on this platform and vote for them. Generally, each team may create different polls or ask questions about the changes they want to do to their logo or the design of their clothes. CHZ tokens can be used by fans to participate in these polls and surveys to influence the future of their teams. The total supply of CHZ is limited to 8.8 billion tokens.
Is Chiliz reliable
Most of the cryptocurrencies use Proof-of-Stake or Proof-of-Work consensus to secure their platform. The Chiliz secures its fan tokens by using the Proof-of-Authority mechanism, which acts differently compared to the previous mechanisms. The PoA algorithm is used by networks that want to be more scalable. It works with a smaller number of approved verifiers to guarantee nothing happens during the process of buying a fan token. In the case of its token, CHZ is as secure as its platform. However, you should buy it from a trusted exchange and keep it in a safe and protected wallet to prevent any hacks.
After you've bought CHZ
CHZ is used on the Socios platform by sports fans. They usually use this token to purchase NFTs, which are the particular token with their famous sports team logo. They can play a role in the decisions of their favorite team by voting on different polls. The more sports team participate in this platform; the higher the value of its digital asset may be. Furthermore, you should transfer your coins to your account in the Socios platform to be able to use them for the mentioned operations.
The other option you have after buying CHZ is to keep it as an investment, which is a risky job. Because no one can guarantee that Chiliz is a good investment or may have a higher value in the future. Therefore, you should check different factors, read the analyses about this coin, then decide on buying it. Furthermore, as a beginner, it is always recommended to start with a limited amount of money and have an exit point for your investment to reduce the risk of loss.
Your entry to the world of crypto
Other Methods of buying Chiliz
Where can I buy Chiliz
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Chiliz or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Chiliz directly from another person over the web.
Crypto Exchanges are the safest places for buying Chiliz. You can use Blocktrade as a cheap, secure, and global exchange to buy CHZ . You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase CHZ with a few clicks.
How to sell Chiliz
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit CHZ to your Blocktrade account
To sell Chiliz on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Chiliz address.
Start selling Chiliz!
Once you deposited your Chiliz in your Blocktrade deposit address, you’ll be able to sell your CHZ .
Frequently asked questions
CHZ is a popular token for sports fans. Having this token in their account gives them power over their favorite sports team because they can buy their favorite team’s NFT or participate in teams’ decision-making by voting on different polls.
Alexandre Dreyfus is the founder and CEO of Chiliz. He has 20 years of experience in developing different web-based companies.
The cost of buying Chiliz can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of CHZ , you can either log in to our website and see the real-time price or check our Chiliz Calculator to see the price of Chiliz in your desired currency.
CHZ is a cryptocurrency that lets its holders purchase NFT tokens that are created by their favorite sports team.
There are several options to buy CHZ such as cryptocurrency exchanges, Peer-to-peer marketplaces, Chiliz brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Chiliz for beginners. You can easily buy Chiliz without any buying fees from our exchange.
Currently, many prominent and well-known clubs have participated in this project. To name a few, we can mention Juventus Turin, Paris Saint-Germain, and FC Barcelona.
There is no right time to buy Chiliz, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Chiliz or any other cryptocurrency.