Chiliz is the first sports-based platform that offers interaction with some of the biggest sports teams in the world. Chiliz operates on the Socios.com website, and its coin serves as a foundation for many fan cryptocurrencies.
In this article, we will give you some information about Chiliz and where you can buy it.
What Is Chiliz (CHZ)?
Chiliz is a company founded in 2012 by Alexander Dreyfus and is based in Malta. Chiliz launched its own coin in 2018, called the CHZ coin. It is an ERC-20 token that runs on the Chiliz blockchain based on Ethereum. The platform aims to empower sports and esports fans by using cryptocurrency and blockchain-based fan networks to turn them from passive spectators to active influencers.
Immediately after its launch, CHZ became available on some of the most popular exchanges in the world. Its first partner was Juventus FC, based in Italy, which helped CHZ sell 1.3 million tokens out of a total supply of 20 million. In 2019, Chiliz launched the Socios app and website, in which a $66 million investment assisted in its development.
How Does Chiliz (CHZ) Work?
The CHZ token operates as an ERC-20 token on the Ethereum blockchain and as a BEP-2 token on the Binance smart chain.
On the Socios website, you can purchase Fan Tokens which can be used to help fans interact with teams and influence their decisions through team-branded NFTs. For example, CHZ token holders can choose a song to play when their favorite team scores a goal or makes an achievement. This example was seen in the Juventus FC team, where their fans chose the song Blura to play after they scored. Token holders have extra benefits such as premium seats, live streaming events, team meetings, and other benefits. These tokens are kept on the Socios Proof-of-Authority (PoA) side chain.
Where To Buy Chiliz Coin?
Even though Chiliz (CHZ) is a new coin, with only three years of being in the market, it quickly was listed on some major exchange platforms.
Based on our research, we have listed the best exchanges you can purchase Chiliz Coin. You can purchase Chiliz through:
- Binance
- Gate.io
- Huobi Global
- Coinbase
- KuCoin
- ByBit
- Bithumb
- FTX
- Kraken
- Bitfinex
How to Buy CHZ With Binance?
Binance is currently the biggest cryptocurrency exchange in the world. However, it has limited usage in the United States. Purchasing CHZ in Binance is lower fees and increased liquidity compared to other competing exchanges.
You can buy CHZ in Binance by following these steps;
Step 1: Open An Account
The first step you need to take is to open an account. The sign-up process is simple. You only need to provide an email address and create a strong password. Once you have completed the sign-up process, the next thing to do is to verify your account. You can do so by providing a valid ID and waiting up to 24 hours for your account to be activated.
Step 2: Fund Your Account
The next step is to fund your account. Binance offers you a variety of ways how you can fund your account.
- Credit/Debit Card
- Bank Deposit
- P2P Trading
- Third-Party Payment
Step 3: Buy CHZ
The third and final step is to buy CHZ. You can put the number of CHZ coins you want to trade and press BUY.
How to Buy CHZ With Huobi Global?
Huobi Global is an exchange platform that was launched in 2013 and quickly became one of the largest cryptocurrency exchanges in the world. However, Huobi does not accept the USA or Canadian investors at the time of writing.
You can purchase Huobi Global in three simple steps:
Step 1: Open An Account
The first step in any exchange platform is to open an account and verify it. Before continuing to the next step, it is important to note that to verify your account, you must provide your name, birthdate, home address, and phone number.
Step 2: Fund Your Account
The next step is to fund your account. Huobi Global provides you with two ways to fund your account: Deposit in fiat currency or cryptocurrency.
Step 3: Buy CHZ
The last step is to buy your CHZ coin. Once your funds are in your account, you can purchase Chiliz.
We will also note that, with your Huobi Global account, you can get trading charts, 24h customer support, and crypto derivatives trading.
How to Buy CHZ With FTX?
FTX is the world’s second-largest exchange platform. The fact that Chiliz is listed in FTX shows the potential of CHZ.
The CHZ pairs on FTX include:
- CHZ/USD
- CHZ/USDT
Step 1: Open An Account
To open an account in FTX takes a few minutes. You must provide all your information, including your birth date, street address, and phone number. Once you have provided all, the next step is to verify your account information.
Step 2: Fund Your Account
The second step is to fund your account. FTX accepts wire transfers, bank transfers, and credit/debit cards.
Step 3: Buy CHZ
The final step is to purchase your CHZ coins. After you decide on your preferred funding method, you can go ahead and purchase your coins.
How to Buy CHZ With Bitfinex?
Bitfinex is on the top ten list of major cryptocurrency exchanges. They listed the CHZ token on their platform in 2019.
You can trade Chiliz in Bitfinex with USD (CHZ/USD) and Tether (CHZ,USDT).
Step 1: Open An Account
Similar to previous exchanges, the first step you need to take if you want to purchase CHZ is to open an account and verifying it. Provide an email address, choose a username and a strong password, and follow the on-screen instructions.
Step 2: Fund Your Account
The next step is to fund your account. The preferred method is using credit or debit cards. Choose the amount you want to put into your account and press continue.
Different cryptocurrency exchanges offer different types of payment options. So, choose the one that fits you best.
Step 3: Buy CHZ
Before you continue to purchase CHZ, your first need to buy either Tether, Tether Gold, Tezos, Tron, Ethereum, or other tokens. After you buy one of these coins, you can trade it for CHZ.
Choose the number of CHZ coins you want to trade and press Trade.
How to Buy CHZ With KuCoin?
KuCoin is one of the top major cryptocurrency exchanges. Since its launch, the platform has grown significantly from first offering only crypto to crypto trading to now offering more.
Step 1: Open An Account
The first thing to do is to open an account and provide all the required information. This information includes your legal name, email, and phone number. After the sign-up process, you will be asked to verify your account using some Identification.
Step 2: Fund Your Account
The second step is to fund your account. KuCoin allows you to fund your account via credit/debit cards, bank transfers, and Apple Pay. Choose your preferred method and start trading.
Step 3: Buy CHZ
The last and final step is to buy your CHZ coins. Enter the amount of CHZ you want to trade and press BUY.
Takeaways
- Chiliz is the first sports-based platform that allows fans to interact with their favorite teams.
- Immediately after launching, CHZ was available on some of the most popular cryptocurrency exchanges in the world.
- CHZ operates as an ERC-20 token on the Ethereum blockchain and as a BEP-2 token on the Binance smart chain.
- You can buy Chiliz on various platforms. Some of the most popular ones include Binance, Coinbase, FTX, and Gate.io.
- Different platforms offer different payment methods.
- The top first exchange platform with the most benefits is considered to be Binance.
