In our guide, we will discuss where to buy Chiliz, what the future holds for Chiliz, whether this cryptocurrency is a good investment and make some CHZ price predictions.
Chiliz is a popular cryptocurrency and blockchain technology project that aims to bridge the gap between sports clubs and fans. In this guide, we'll show you how to buy Chiliz online in less than five minutes using a bank transfer, debit/credit card, Paypal or e-wallet.
Where to buy Chiliz cryptocurrency
When it comes to where to buy Chiliz, you have many options in the online space. After all, Chiliz now has a market capitalization of more than $1 billion. It is a cryptocurrency ranked #41 on the Coinmarketcap.
With that said, you'll still need to do some research on the best place to buy Chiliz cryptocurrency, as you'll want to choose a broker or exchange that offers low fees and a strong regulatory framework.
To point you in the right direction, below we discuss the best platforms for investing in Chiliz .
1. eToro - Overall the best place to buy Chiliz cryptocurrency.
In terms of low fees, regulation, user-friendliness and market diversity -. eToro is generally the best place to buy Chiliz. You can open an eToro account in minutes and only need to deposit $10.
eToro allows you to deposit funds via debit card without fees. As we mentioned, platforms such as Coinbase and Binance charge 3.99% and 4.5% respectively for the same transaction. eToro also offers fee-free deposits using ACH/bank credentials and even e-wallets.
The latter include PayPal, WebMoney, Skrill and Neteller. Once you fund your account, you can buy Chiliz from as low as 10$. The same is true for the 60 other digital currencies found on eToro. Examples of other popular cryptocurrencies available on eToro include Bitcoin, Bitcoin Cash, Ethereum, Decentraland, AAVE, XRP, BNB and much more.
When it comes to the safety of your funds, this is where eToro really excels. In addition to SEC regulation and FINRA approval, eToro is also licensed by ASIC, CySEC and the FCA. What's more, eToro is used by more than 20 million customers, and the brokerage firm plans to go public this year.
We also like eToro for its cryptocurrency wallet - which comes in the form of a mobile app for iOS and Android. This allows you to store your Chiliz tokens in a secure environment while still having access to brokerage services.
Perhaps the most popular feature available in eToro is the copy trading tool. This allows you to trade passively, as you automatically copy the buy and sell positions of an experienced trader. You can also invest in diversified baskets of cryptocurrencies through a single trade. This portfolio is managed by the eToro team.
2. Crypto.com - Buy Chiliz via user-friendly mobile app
If you are the type of investor who likes trade cryptocurrencies on your smartphone, this application Crypto.com may be right for you. Available on both iOS and Android, the Crypto.com app is very user-friendly, and it only takes a few minutes to open an account. After setting everything up, you can then buy Chiliz .
As for payment options, Crypto.com supports both ACH and debit/credit cards. Except that the latter will cost you 2.99% in fees, while ACH is free. As for commissions, you'll pay up to 0.40% of transactions - which means 4$ for every 1000$ in turnover.
However, Crypto.com uses a market maker/maker model, which means that lower commissions are available when you trade larger volumes. What's more, you can also take advantage of lower fees when you hold Cronos tokens - which is a cryptocurrency native to the Crypto.com ecosystem. In addition to Chiliz, Crypto.com allows you to buy and sell 250+ other cryptocurrencies.
This means that you can create a highly diversified portfolio of cryptocurrency assets through your smartphone. Another popular feature at Crypto.com is savings accounts - which allow you to Earn interest of up to 14.5% per year. The APR varies depending on the token and lock-up period, and whether or not you have CRO tokens.
Either way, this can be a great way to increase the value of your Chiliz portfolio - as you can combine interest with token appreciation. You might also consider a Crypto.com loan - which offers an LTV of up to 50%. This can come in handy if you need access to funds, but don't want to sell your Chiliz tokens.
You can also like Crypto.com for your Visa-issued debit card. This allows you to spend your cryptocurrency tokens in the real world. You can also use the card to withdraw cash from an ATM. Finally, we also like Crypto.com for its commitment to security, which includes keeping 100% of customer digital assets in cold storage at all times.
3. Coinbase - Top exchange to buy Chiliz for beginners
Coinbase is a popular cryptocurrency exchange that was first launched in 2012. This means that Coinbase is one of the most established platforms in the cryptocurrency space. In terms of its target market, Coinbase is usually used by beginners who want to buy and sell cryptocurrencies for the first time.
If you are wondering where to buy Chiliz, but have little or no experience, Coinbase is worth considering. First, you'll need to open an account and upload a copy of your government-issued ID before you can get started. Once verified, you can transfer funds via ACH - which takes 1-3 business days. There are no fees for ACH deposits.
Then you can buy Chiliz at a commission of 1.49% - which is much more expensive than the likes of eToro and Crypto.com. In addition, if you buy less than $200 worth of Chiliz tokens, you will pay a flat rate - which works out even more expensive as a percentage. You can also buy Chiliz instantly with a debit card, although this will cost almost 4% in fees.
In terms of security, Coinbase keeps 98% of customers' digital assets in cold storage, while the balance is used to facilitate withdrawal requests and ensure sufficient liquidity. You will also be required to set up two-factor authentication, which will add an extra layer of security on your Chiliz tokens.
In addition, if you log into your Coinbase account from a new laptop or cell phone, additional security checks will be performed. After investing in Chiliz, you may want to consider diversifying your Coinbase portfolio. On this exchange, you can choose from more than 50 other cryptocurrencies - including DeFi's full suite of cryptocurrencies.
In a similar vein to eToro i Crypto.com, Coinbase also offers a user-friendly app for iOS and Android. This will connect to your main account - so you can use the app to buy, sell and trade cryptocurrencies. The Coinbase wallet app is also worth considering if you prefer to store your NFT.
4. Binance - Popular cryptocurrency exchange for Chiliz trading
Binance is the world's largest exchange with more than 100 million customers on its books. ounce to the U.S. dollar.
Before you can trade Chiliz on Binance, you will first need to deposit some funds. Binance supports ACH and domestic bank transfers - both are processed without any transaction fees. However, you will have to wait 1-3 business days for the funds to arrive, so keep that in mind.
If you are in a hurry to buy Chiliz, Binance also supports instant payment via debit or credit card. This will cost you 4.5% of the transaction amount, plus a 0.5% buying fee. Compared to eToro - which offers fee-free debit/credit card payments - this is super expensive. On the other hand, once your Binance account is funded, you will have access to super low commissions.
For example, even if you trade only small amounts, you will pay a commission of only 0.10% per trade. This amounts to just $10 for every $1,000 traded. And just like Crypto.com - Binance uses a market maker/taker system. As such, if you find yourself trading larger amounts during the month, you will have your commission reduced.
You can also reduce your commission by 25% if you have a BNB tokens in your Binance wallet. Join through your Binance referral link to get an additional discount on trading fees.
As for storage, you can keep your Chiliz tokens in a web wallet or download the Binance app for iOS and Android. Alternatively, you can also download the Trust Wallet app without a deposit, which is supported by Binance.
This is a good option if you want to have full control over your private keys, or if you want to invest in cryptocurrencies that operate on the Binance Smart Chain. Binance is also a great option if you want to buy Chiliz via an advanced trading suite. This is because Binance offers high-level charting tools - such as technical indicators and access to TradingView.
What is Chiliz?
Chiliz is both a cryptocurrency and a blockchain project. The main concept behind Chiliz is that the project aims to bridge the gap between sports teams and fans. This means that by holding Chiliz tokens, fans are able to get involved with their favorite clubs - whether from the world of soccer, the NBA, baseball and others.
Otherwise known as a fan token, sports clubs can issue their own native cryptocurrency assets through the Chiliz platform - which in turn will be purchased by supporters of a particular club. And in doing so, fans gain certain rights - such as the ability to vote on decisions concerning the club.
Chiliz cryptocurrency price forecast
Some of the most recognizable sports brands that Chiliz has partnered with are UFC, AC Milan, Manchester City, Paris Saint Germain and Roma. With this in mind, if you want to buy Chiliz on a speculative basis, your primary goal will be to make a profit. And this can be achieved if the value of Chiliz cryptocurrency increases in value.
Is Chiliz a good investment?
As mentioned above, if you want to invest in Chiliz today - you are probably doing it to make a profit.
Because of this, there are thousands of cryptocurrencies active in this space - so you'll want to do comprehensive research to make sure Chiliz is the right cryptocurrency asset for your investment portfolio.
In the sections below, we explore some of the main reasons why you might consider buying Chiliz.
Huge gains since going public
First of all, Chiliz has performed exceptionally well since the public launch of its digital token. According to CoinMarketCap, Chiliz first hit cryptocurrency exchanges in mid-2019 at a price of $0.016 per token.
This means that if you had invested $1,000 at its launch, you would have acquired 62,500 Chiliz tokens in the region.
At its peak, Chiliz hit a record high of $0.83 per token - which it reached in April 2021.
This means that your 62,500 Chiliz tokens - with profits exceeding 5000%, would be worth more than $50,000.
Since reaching its highest level, the value of Chiliz has declined.
At the time of this writing in early 2022, you can now buy Chiliz at around $0.20 per token. This means that you can enter the market at an attractive price that is more than 60% lower than its previous peak.
Interesting concept
Chiliz's overarching concept to connect fans with their favorite sports clubs is something that has not been done before. Perhaps this is due to the logistics of clubs being able to engage with their fans.
However, because Chiliz is built on top of a blockchain protocol, fans can contribute to the decision-making process of sports clubs with the click of a button.
In addition, if there is a proprietary model, it can be easily authenticated by the number of tokens a fan has.
Plenty of growth potential
Another reason you might consider buying Chiliz for your cryptocurrency portfolio is that the project still has a relatively small market capitalization. At the time of this writing, it is less than $2 billion.
And as such, the growth potential of this project is much higher than other cryptocurrencies - such as Dogecoin or Shiba Inu.
Chain 2.0
Launched in April 2022, Chiliz has finally released its highly anticipated Chain 2.0. In short, among other notable benefits, Chain 2.0 will enable Chiliz to facilitate NFT trading.
And as Chiliz establishes more and more partnerships with leading sports teams - it will allow fans to purchase unique NFTs that represent specific aspects of the club - such as the stadium site or field area.
Cheap cryptocurrencies to buy
You might also consider buying Chiliz because of its low token price. After all, many cryptocurrencies now trade for thousands of dollars - such as Bitcoin and Ethereum.
But in the case of Chiliz, this cryptocurrency has never exceeded the price of $1. And as such, you only need to invest a modest amount to get a large number of tokens.
What's more, when you use eToro to complete your investment in Chiliz - you only have to risk $10.
Price of Chiliz
The price of Chiliz is based on demand and supply, along with trading volume. The more people know about Chiliz and decide to invest, the better for the growth potential.
You can track the price of Chiliz through the exchange or broker where you purchased the tokens. Also, when you use the eToro app, you can set price alerts.
Is Chiliz a good investment?
Proven Ways - How to Buy Chiliz
You can buy Chiliz in many ways from dozens of cryptocurrency brokers and exchanges. You also have different options when it comes to choosing a payment method to fund your investment.
The best ways to buy Chiliz in 2022 are discussed below.
Buy Chiliz with a credit card or debit card
You can buy Chiliz with a credit or debit card from many online brokers. The key difference between cryptocurrency platforms that accept credit/debit cards is the fee that is charged.
For example, to buy Chiliz with a credit or debit card from the following brokers, you will pay:
4.5% plus 0.5% Binance
3,99% Coinbase
2,99% Crypto.com
0% eToro
A notable broker on the list above is eToro, which allows US customers to buy Chiliz using a credit or debit card without fees.
Buy Chiliz with Paypal
You can also buy Chiliz using Paypal from many online brokers. Coinbase, for example, will charge you 3.99% when you use Paypal to fund your purchase. Again, if you use eToro - fees are not charged.
Buy Chiliz via bank transfer
All the exchanges we have discussed on this page allow you to buy Chiliz via bank transfer, which includes domestic and ACH transfer. What's more, you'll be able to use this payment method to deposit funds into your account without fees.
However, in terms of speed, Crypto.com is probably the best place to buy Chiliz via bank transfer, as ACH payments are recognized instantly.
Best wallet to store cryptocurrency Chiliz
In its current form, Chiliz is built on top of the Ethereum blockchain - meaning it is an ERC-20 token. This is good news when it comes to storage, as you can use any wallet that supports Ethereum.
With that said, you need to consider what type of wallet is a good fit for your skill set. For example, beginners will like the eToro wallet, which is available as an app for Android and iOS.
This wallet is user-friendly, and since it connects to your main eToro account - you can even buy and sell Chiliz without leaving the app interface.
How to buy Chiliz - instructions
Now that we have covered the basics of Chiliz as an investment product - we can now explain how to make a purchase.
Follow the steps below to learn how to buy CHZ from leading online broker eToro - which allows users to deposit funds via debit/credit card, e-wallet or bank transfer without fees.
Step 1: Register an account
The first step required in eToro is to open an account on the official eToro.com website. After clicking on the "Join Now" button, enter your name, email address and cell phone number. You will also need to choose a suitable username and a strong password.
After clicking on "Create Account," you will be asked for some additional information. This includes your nationality, residence status, date of birth and social security number.
Step 2: Deposit funds
To activate your account on eToro, you only need to deposit $10. You can choose any supported payment method without incurring a deposit fee.
If you want to buy Chiliz without delay, we suggest choosing a debit/credit card or an e-wallet such as Paypal. If you are not in a hurry and prefer traditional banking methods - opt for wire transfer or ACH.
Step 3: Search for Chiliz
You can go directly to the required investment page for Chiliz by typing the name of the digital currency in the search bar at the top of the page.
When Chiliz appears, you can click on the "Trade" button.
Step 4: Buy Chiliz
As in the image below, you should now see the order box appear. This requires you to enter your total investment rate. As mentioned earlier, you can enter any dollar amount from $10 upwards.
To place an order and then buy Chiliz - click "Open Trade".
How to sell Chiliz
After buying Chiliz on eToro, you can leave your tokens in your web or mobile wallet until you are ready to sell.
You can withdraw them, whenever you see fit, through your eToro wallet. Once the transaction is closed, eToro will credit your account with the proceeds of the sale.
Summary
Having read this guide from start to finish, you should now know how and where to buy Chiliz safely and cheaply. If you are ready to invest now - you can buy Chiliz in minutes through the eToro platform.
You can pay for your Chiliz tokens with a debit or credit card without incurring any fees. Metaverse cryptocurrencies have gained much attention in recent months, and Chiliz has announced plans to build a metaverse around the theme of live sports.
FAQ - when purchasing
If you like the concept of Chiliz and want to invest in the project's native token - you can do so on a cryptocurrency exchange such as eToro. First you will need to register an account, and if you choose to deposit in USD, you will need to send some sort of ID. Once your account is funded, you can then buy Chiliz by placing a trade order.
Yes. Binance has listed Chiliz (CHZ) and opened trading for CHZ/BNB, CHZ/BTC and CHZ/USDT trading pairs in September 2019 .
Yes, Chiliz is available on Coinbase.
Yes. eToro added the Chiliz cryptocurrency in November 2021.
If you want to buy Chiliz on Trust Wallet, the process depends on your preferred payment method. For example, if you want to use a debit/credit card, Trust Wallet allows you to do so through a third-party payment processor. However, the fees will be expensive. On the other hand, if you have a token that works on Binance Smart Chain, you can exchange it for BEP2 - CHZ via Trust Wallet.
Yes, the Binance website bserves Chiliz , you can buy Chiliz on Binance using a debit/credit card, ACH, or domestic bank transfer.
The views and opinions expressed here are solely those of the author and should not be taken as financial advice either. Every investment and transactional activity involves risk, so you are advised to do your own research when making any trading, investment or financial decisions.
