Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Chiliz, and is trustworthy!
You can find our top 3 exchanges for buying Chiliz here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Chiliz
And of course, the final step is to find Chiliz on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Chiliz (CHZ)
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How to Sell Chiliz
- Sign into the exchange
- Find where you stored your Chiliz, either on a hardware wallet or on the exchange.
- Transfer your Chiliz to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Chiliz.
Considerations when looking to buy Chiliz.
The eponymous FinTech provider in Malta is Chiliz, the most popular digital currency for entertainment and sports. It also operates Socios, a blockchain-based entertainment platform that allows users to take part in the governance of their favorite sporting brands. Socios.com offers multiple fan tokens as an example. Fan tokens are a great way for sports clubs and associations to connect with their fans and create new revenue streams.
Fans can influence club decisions by participating in surveys and polls such as the messages that captains should wear on their armbands. Chiliz aims to bridge that gap between active and passive fans. Chiliz has formed partnerships with some the most prestigious sporting institutions around the globe, including FC Barcelona, Manchester City and Juventus Turin. It has also formed partnerships with UFC and gaming organisations. Fans can purchase CHZ to get various tokens that allow them to stake their club.
Each sporting organization that uses Chiliz technology has a limited number of fan tokens. These tokens are available at an initial FTO (fan to token offering). These tokens are offered on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token can be used to buy fan tokens, and it acts as the platform’s internal currency. Smart contracts make it possible for fans to vote on the Socios platform using their fan tokens. The clubs determine how much influence their fans have. These decisions can be made in a variety of ways, including new jersey designs and deciding team matchups during exhibition games.
Chiliz was the first company to allow fans to directly participate in decision-making processes of clubs and other organizations. Chiliz is always looking for new ways to engage fans. The Chiliz Blockchain Campus is a private crypto incubator that aims to accelerate blockchain adoption in Asia and Europe.