Want to buy Chiliz but don’t know how? Don’t panic, follow this tutorial to buy the CHZ crypto easily with regulated platforms in France like eToro.
Our tips for buying Chiliz easily
For buy chiliz, you have to choose the exchange you are going to use for this. There are many platforms offering the Chiliz crypto, so your choice can be made according to several criteria such as the ergonomics of the platform or the costs of buying and withdrawing CHZ.
If you have never bought cryptocurrencies before, the ease of use of the platform is the most important criterion to consider so that you can buy CHZ without encountering any problems.
The cryptobroker eToro is suitable for beginners, we recommend it if you are in this case. You will be able to buy Chiliz in a few moments and with complete confidence, since eToro is a regulated platform in France.
Buy CHZ on eToro »
In the table below are the main exchanges that offer the CHZ crypto according to essential criteria:
Buying Chiliz on eToro: Step-by-Step Tutorial
This tutorial will allow you to buy Chiliz crypto very simply on the eToro platform. It has the PSAN status issued by the Financial Markets Authority (AMF) so you can use it without fear.
Start by creating an account on the crypto broker eToro by clicking on the following button (affiliate link) then click on “ start investing » :
Create an eToro account »
Once your account has been created, answer the short questionnaire offered by the platform, the objective being to assess your knowledge of finance. The next step is to verify your account.
This is a compulsory procedure imposed by French regulations, so bring your telephone number and an identity document, then complete each field. You will have to wait while eToro verifies your information.
Your account is verified, you can now fund your eToro account in euros. To do this, click on ” Make a deposit » in the middle of the dashboard:
You have the choice between two methods of depositing funds, bank transfer or bank card. Note that the fees for your deposit are the same (1%) regardless of the method used.
Your choice is made, so fill in the amount in euros you want to deposit in your eToro wallet. After having filled in your banking information, finally click on “ Deposit » :
Note that your euro funds will be automatically converted to US dollars, as eToro allows buying cryptocurrencies in dollars only. Now search for ” CHZ ” Where ” Chiliz at the top of the page, and click on ” Invest » :
Here, simply fill in the dollar amount you wish to invest in the crypto CHZ, 100 dollars in our example, then click on the “ Invest “.
Congratulation ! This tutorial is over, you are in possession of CHZ tokens! You are now free to do what you want with them, send them to an external digital wallet for example.
👉 Need more detailed explanations? Here is our opinion and complete tutorial on eToro
Other platforms to buy Chiliz
If you want to use another platform to buy CHZ, there are alternatives like SwissBorg, Binance, FTX and Binance.
These exchanges are all different and some offer additional services like Binance with staking, which generates interest on the placement of your CHZ tokens.
Note that you have the possibility to transfer your CHZ tokens to another platform even if you bought them elsewhere.
What kind of project is Chiliz?
Chiliz is a project that allows sports teams to issue their own fan tokens. Fans can then get the fan tokens of their favorite teams.
This project aims, through blockchain technology, to increase fan engagement with their favorite sports teams while granting them voting rights (1 token = 1 vote) and exclusive advantages.
Sports teams win a means of financing and direct communication with their fans. Many football teams already have their own fan tokens such as FC Barcelona or Paris Saint-Germain. Fans can then purchase these tokens on the Socios app or the Chiliz platform using the CHZ token.
Indeed, the CHZ token is at the heart of this project since it is the exclusive exchange currency to buy or sell fan tokens. CHZ is available on the Ethereum blockchain and BNB Chain.
Holding CHZ tokens on the Socios app provides the previously mentioned benefits, while the Chiliz platform has a purely speculative purpose of trading fan tokens.
This project thus incubates a blockchain ecosystem tailor-made for sport.
👉 Want to go further? Find our in-depth analysis on Chiliz
Should you buy Chiliz in 2022?
The CHZ token has a valuation of $1 billion at the time of writing, placing it 54th in the ranking of the most valuable cryptocurrencies in the world.
Chiliz (CHZ) logo, by Cryptoast
It is thus a popular token which however has saw its share price fall by around 73% since its historic high in 2021. The price of CHZ has been, like that of all other cryptocurrencies, a victim of the bear market that we are going through.
It should then be asked whether buying Chiliz in 2022 can be interesting. One track would be to look into the activity of its ecosystem.
Chiliz Chain 2.0 is scheduled for the end of 2022, it will bring several potentially interesting changes.
The first is PepperSwap, the first decentralized exchange in the ecosystem. Club governance votes using fan tokens will finally be available, along with exclusive experiences. Finally, CHZ token staking will be available.
This version 2.0 is promising since it aims to exploit the potential of Web3 by allowing sports teams to use fan tokens and non-fungible tokens (NFTs) to develop decentralized finance (DeFi) products, Play-2-Earn (P2E) games, create events and much more .
A token burn mechanism was also introduced in 2022, in which every goal scored in a match by a team has the consequence of automatically burning thousands of fan tokens of the team in question. This creates bullish buying pressure and dwindles the amount of tokens available over time. This mechanism thus rewards high-performance teams.
We can only you advise to carry out a thorough analysis of the project before deciding to buy Chiliz or not.
Is it worth buying CHZ in 2022?
4.2/5
FAQ: frequently asked questions about Chiliz
Date of creation of Chiliz?
The Chiliz project was born in 2018 after raising $66 million from private investors. The CHZ token has therefore existed for more than 4 years.
What are the use cases of the CHZ token?
The CHZ token allows you to pay fees for transactions on the Chiliz Chainbut its major use case is to serve as a medium of exchange for fan tokens.
Indeed, only the CHZ token allows to buy or sell fan tokens on the Socios app or the Chiliz exchange.
Later, with the deployment of the Chiliz Chain 2.0, it will be possible to stake your CHZ tokens to generate passive returns. New use cases could potentially appear with this deployment.
How to follow the course and price of Chiliz?
You want to follow the course of Chiliz in dollars or euros? Our Chiliz crypto price tracker page was designed to meet this need. You will find there all the essential data relating to the CHZ token in real time, namely the graph of its price or its total valuation.
Protecting your CHZ tokens: how to do it?
After buying CHZ tokens, you may want to protect them from potential hacks. For this you can use a digital wallet supporting the Ethereum network like MetaMask.
If you want an even higher level of security, you can turn to a physical wallet like those of Ledger to store your CHZ tokens.
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Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Master student in International Finance, I have been interested in cryptocurrencies since June 2017 and more particularly in fintech and decentralized finance. I aspire to make my contributions interesting for readers of all levels.
