How to Buy Chiliz | Where, How and Why is a blockchain-based sports fan engagement platform where fans can buy branded non-fungible tokens to show support for their favorite athletes, teams, and artists. Read on for our guide on the platform and the CHZ token and learn how to buy Chiliz in a few simple steps. CHZ is the digital currency for the Socios platform. The main function of the CHZ token is to support the Socios NFT marketplace. It’s used to buy the fan tokens, access rewards, and connect on the platform. Let’s jump right in! What Is Chiliz Chiliz is one of the unique projects […] is a blockchain-based sports fan engagement platform where fans can buy branded non-fungible tokens to show support for their favorite athletes, teams, and artists. Read on for our guide on the platform and the CHZ token and learn how to buy Chiliz in a few simple steps.

CHZ is the digital currency for the Socios platform. The main function of the CHZ token is to support the Socios NFT marketplace. It’s used to buy the fan tokens, access rewards, and connect on the platform.

Let’s jump right in!

What Is Chiliz

Chiliz is one of the unique projects built on top of Ethereum’s exciting ecosystem of decentralized finance (DeFi) applications. CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain and serves as digital money for the and Chiliz platforms. CHZ is the only currency accepted in the Socios NFT marketplace and lets fans purchase branded NFTs that connect them to their favorite teams and entertainers.

Socios is a full-featured ecosystem for fan tokens and offers branded NFTs for more than twenty sports and esports teams, with more on the way. The website and mobile apps let fans buy NFTs, earn them in contests, exchange, or trade them.

Chiliz homepage

Users can trade CHZ and obtain fan tokens against Chiliz (CHZ) to influence decisions, gain exclusive memberships benefits, etc. Each fan token comes with its own set of privileges and rewards, such as the ability to vote on club decisions and the chance to earn unique VIP experiences. It’s a great way to be part of a global fan base while also experiencing the football fan community in a unique and personal way. CHZ serves as a portal to a new level of fandom for followers worldwide.

The CHZ Fan Tokens

The Chiliz token, abbreviated CHZ, is digital money used in sports and entertainment platforms.

It’s a utility token created on the Ethereum blockchain and is now the official cryptocurrency of the platform. Fan Tokens, which function on a separate permission side chain, are used in the tokenized fan-voting platform.

The Main Characteristics of CHZ

  • CHZ is required to participate in Fan Token Offerings and Locker Rooms (the initial sale of Fan Tokens).
  • It’s fan-centric, allowing viewers to become active contributors to their favorite sports teams.
  • Fan Tokens are exchanged for CHZ on the Chiliz in-house exchange.
  • The coin is highly liquid and traded on some of the largest crypto exchanges, ranking #95 on CoinStats at the time of publication.

What Is is the world’s first fan influence and incentives platform, assisting sports organizations in achieving digital transformation through blockchain technology. is powered by the Chiliz token ($CHZ), which is both an ERC20 utility token on the Ethereum blockchain and a BEP-2 token on the Binance Chain. Fan Tokens are a finite, digital commodity that offers access to an encrypted, immutable record of voting and membership rights ownership. They are exclusive to a certain team or club. The tokens are limited in quantity and fungible, which means they may be sold, and their value is determined by the market.

The project was inspired by the fan-led management systems or ‘socios’ of some of the world’s biggest football teams. The platform, dubbed ‘Socios 2.0,’ merely symbolizes the digitalization of this management approach.

How Does Chiliz Work

The CHZ token is a BEP2 token on the Binance Smart Chain and an ERC20 token on the Ethereum blockchain. CHZ tokens can be purchased on the platform’s exchange,, and world-class cryptocurrency exchanges. When fans buy CHZ tokens, they can use them to buy Fan Tokens for their favorite teams from

Dozens of sports clubs and organizations worldwide, including FC Barcelona, the Golden State Warriors basketball team, and the Aston Martin Cognizant Formula 1 team, host the Fan Token Offerings (FTOs) for their loyal fans. Each brand can customize the price, quantity, distribution, and extra prizes and features of Fan Tokens. For example, you can use these tokens to gain access to special meet-and-greets and memorabilia and participate in direct voting decisions on each team’s path.

Notably, a fan token can be burnt or withdrawn from circulation depending on the team’s performance, which means that events like winning a match or scoring points can make the token rarer and hence more valuable.

Proof of Authority (PoA)

The Proof of Authority (PoA) consensus method is used to create and confirm fan tokens on the Socios sidechain. PoA differs from other consensus algorithms such as Proof of Work or Proof of Stake in that it depends on a small number of approved verifiers rather than a broad network of anonymous nodes to ensure the network’s integrity. Although PoA is a less decentralized consensus technique, it’s often adopted by blockchain networks to become more scalable and efficient. Other systems that use the Proof of Authority consensus process include Energy Web Token (EWT) and VeChain (VET).


Chiliz has announced a collaboration with the decentralized Oracle network Chainlink to provide real-world data to smart contracts. It hopes to use this relationship to create unique non-fungible tokens (NFT) to commemorate significant events such as player milestones or championship triumphs in near real-time.

History of Chiliz

Chiliz was founded in 2018 by Alexandre Dreyfus. The team believes that fans have little control over their favorite teams and players in today’s sports and esports world. Its vision is to ‘activate’ followers as influencers by creating a platform that allows fans to vote directly for their favorite sports organizations, communicate, and help fund future sports and esports businesses.

The company’s first partner was Juventus, a soccer team headquartered in Turin, Italy. In November 2019, the team hosted their first Fan Token Offering (FTO) and sold 1.3 million tokens out of a total supply of 20 million at the end of the month. Paris Saint-Germain is among the first football clubs to use the platform to create Fan Tokens.

The Socios app and website were released in December 2019. The private placement invested $66 million in development. Most of the funds are being utilized to develop, fan interaction, and incentive app. Fans can use CHZ, the platform’s currency, to get these branded tokens. The company’s partners can participate in the polls published on the Socios app, giving users more influential decision-making power. Ownership also gives fans access to unique prizes, engagement, gamification, social interaction, leaderboard features, etc.

Chiliz has boarded 19 Official Partners to so far and has offered Fan Token Offerings (FTO)  to 11 of them. intends to sign up 50+ clubs from football and other sports verticals, including esports and traditional sports like cricket.

What Makes Chiliz Unique

Chiliz has a well-defined business model based on fan tokens and a clear vision. The team sees cryptocurrency as an enabling technology for its principal business, which is the building of fan communities, even though cryptocurrencies and NFTs may be used in various ways. This approach helped the company attract investors and reduce the volatility that afflicts cryptocurrency markets. Chiliz is not a crypto firm; instead, it’s a company that leverages crypto as a critical technology to achieve commercial goals that have nothing to do with crypto. The company has taken the lead in leveraging technology to help sports teams and their supporters.

Socios is an example of a cutting-edge application of NFT technology. NFTs have proven their worth in the gaming business by allowing players to level up, customize their accounts, and fulfill in-game goals through customer loyalty programs.

How Many Chiliz Tokens Are in Circulation

The CHZ tokens were introduced without a public offering event in 2018. Out of a total supply of 8.88 billion CHZ tokens, 5.34 billion are now in circulation. CHZ coins are compliant with the ERC-20 and BEP-20 protocols. They are available for purchase on the market and other cryptocurrency exchanges.

How Secure Is the Chiliz Network

CHZ can be found on various blockchains, including Ethereum, Binance Smart Chain, and Tron. Fan tokens are generated on the Socios sidechain using a patented crowd control method, allowing fans to vote only in audited polls in a secure setting.

The sidechain relies on a consensus process based on Proof-of-Authority. Proof-of-Authority is utilized by private organizations with closed blockchain where only users within the ecosystem can participate. It’s less decentralized than other consensus techniques, but it’s also very scalable and safe, making it the ideal sidechain solution.

Chiliz Price

The CHZ price fluctuates in response to economic events, market conditions, news reports, and the general state of the economy. Chiliz’s success in drawing new partners to its fan token program and the Socios platform also impacts the pricing.

CHZ is currently ranked #96 on CoinStats, with a circulating supply of 5,344,064,580. The current market capitalization is $960.5 million, with a maximum supply of 8.8 billion coins. 

Check the CHZ current price, market cap, circulating supply, trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best crypto platforms around.

How to Buy Chiliz

Some cryptocurrencies are difficult to obtain, and CHZ is one of them. There are several ways to purchase the CHZ token.

Follow our step-by-step guide to start buying Chiliz tokens right away. Select a top exchange that lets you purchase Chiliz (CHZ) with a credit card, debit card, or Bitcoin (BTC).

Step #1: Find the Best Exchange for Chiliz CHZ

CHZ is traded on several cryptocurrency exchanges. You will need to compare them to pick one with the features you desire, such as low fees, an easy-to-use platform, and 24-hour customer service. You should also analyze the platforms’ security, credibility, supported fiat currencies, and deposit methods to choose the one that best meets your requirements.


Coinbase homepage
Coinbase homepage

Coinbase is the largest cryptocurrency exchange in the United States, supporting approximately 100 cryptocurrencies. Coinbase fees, on the other hand, might be perplexing and higher than some of its rivals. While Coinbase’s security features are appealing, cryptocurrency trading is highly volatile, so always evaluate the risk.

This exchange currently allows trading for residents of the United States, except Hawaii.


Binance Homepage screenshot
Binance homepage

Binance is one of the most popular exchanges on the cryptocurrency market in terms of the trading volume. Signing up for a Binance account will allow you to buy, sell, and hold cryptocurrency. Low trading fees and high liquidity are among the advantages of buying the Chiliz CHZ token on Binance, allowing you to sell and buy digital assets rapidly to take advantage of market possibilities.

Binance’s industry-leading fast and secure trading platform allows you to trade Chiliz against over 300 cryptocurrencies. Binance provides a wide range of trading pairs for Chiliz trading to meet your needs.

Although US customers cannot purchase Chiliz on this platform, Binance is best suited to users from Canada, Australia, the United Kingdom, Singapore, etc. homepage screenshot homepage, debuted in 2016, is a cryptocurrency exchange that aims to speed the world’s shift to cryptocurrency. Although allows you to buy Chiliz, residents of the United States aren’t permitted to trade here.


Kucoin homepage screenshot

KuCoin is a popular exchange and one of the most competitive platforms in terms of trading fees. From its early days of enabling exclusively crypto to crypto trading, the exchange has developed dramatically into a platform that provides several services, including peer-to-peer trading and credit or debit card purchases.

Chiliz (CHZ) cryptocurrency trading is presently available on KuCoin, along with over 300 other popular cryptocurrencies. KuCoin is frequently the first to offer new tokens.

This exchange currently accepts US residents only.


Bitpanda homepage screenshot
Bitpanda homepage

BitPanda, launched in 2014, immediately became a solid brand and gained the reputation of a wonderful platform to buy and sell bitcoin in Europe conveniently. Since then, it has been capitalizing on its exceptional reputation to swiftly develop into a platform that supports a wide range of cryptocurrencies and offers various services, including P2P trading, credit or debit card purchases, and the option to acquire stocks, precious metals, etc.

BitPanda is the best exchange for European customers and the simplest way to buy Chiliz CHZ. The exchange doesn’t accept traders from outside this region.

Gate.Io homepage screenshot
Gate.Io homepage, founded in 2013, has evolved into a well-known trading platform. While it’s not the most popular exchange, it offers an easy-to-use interface to beginners while still providing comprehensive and sophisticated charts for traders of all skill levels, including technical traders. The exchange has support for a vast number of cryptocurrencies, including Chiliz (CHZ), and is frequently the first to introduce new tokens.

This exchange presently accepts residents of the United States, except for New York and Washington State.

Step #2: Create an Online Account

Following your selection of a reputable exchange, the next step is to create an account on the site. The prerequisites vary based on the platform and cryptocurrency you choose.

Most exchanges will require personal information such as your full name, email address, contact number, home address, social security number, and a copy of your passport or government-issued ID. You need to provide this information to get verified and start trading.

Step #3: Make a Deposit Into Your Account

After verifying your account, you must deposit funds for buying the Chiliz token and other cryptocurrencies. To buy Chiliz, you can use a bank account, credit or debit card, wire transfer, or crypto from a cryptocurrency wallet. The payment method you use to purchase Chiliz tokens will be determined by the platform, location, and preferences.

Step #4: Make a Purchase

After creating and verifying your account, you can deposit fiat currency (USD, EUR, etc.) or another cryptocurrency for purchasing Chiliz. Most major cryptocurrency exchanges provide immediate deposits, allowing you to buy Chiliz CHZ tokens as soon as your funds arrive. 

Select Chiliz from the list of assets, enter the amount you want to buy and look for the CHZ pair corresponding to the currency you wish to buy it with, such as CHZ/USD. You’re all set to make your purchase. Once you’ve received your Chiliz coins, you can send them to your Socios account, move them to a personal wallet, or keep it in your exchange account.

Step #5: Purchase a Wallet (Optional)

Devastating exchange hacks in cryptocurrency history have compelled many investors to maintain total control over their money. A hardware wallet is the most secure way to hold your cryptocurrency. To avoid hacks, major exchanges such as Coinbase,, and Binance keep most of their users’ tokens offline. However, if you want to put your mind at ease and keep your cryptocurrencies as safely as possible, a hardware wallet is perhaps the best option.

Crypto Wallets That Support Chiliz

There are several crypto wallets to choose from. You can either use your preferred Ethereum wallet or check the official Chiliz website to check the list of their recommended wallets. The ideal option for you is determined by your typical trading patterns and the level of security in your circumstances. There are two sorts of wallets: hot storage wallets (digital) and cold storage wallets, also known as hardware wallets (physical). Both have their advantages and disadvantages, and there is no right or wrong answer when it comes to determining which crypto wallet is ideal for you.

Choosing the sort of wallet to use is determined by several criteria, including:

How frequently you trade:  Hot wallets are often preferable for more active cryptocurrency traders. The ability to quickly log in means that you are only a few clicks and taps away from purchasing and trading cryptocurrency.  Cold wallets are preferable for people who want to trade less frequently.

What cryptocurrencies you want to trade: As previously stated, not all wallets support all cryptocurrencies. Some of the best crypto wallets, on the other hand, can trade hundreds of various currencies, delivering a more one-size-fits-all experience.

Your peace of mind: Keeping a cold secure wallet in a safe deposit box is the safest and most secure choice for those concerned about hacking. Others may feel confident in their capacity to safeguard their hot wallets.

How much it costs: It’s crucial to look at the prices associated with each wallet. Many hot wallets will be completely free to use. Meanwhile, like any other piece of hardware, cold wallets will be costly to purchase.

What it’s capable of: While the fundamentals of any cryptocurrency wallet are the same, extra features might help distinguish them. This is especially true with hot wallets, which often include comprehensive reporting capabilities, crypto market data, and the option to transfer cryptocurrencies, among other things. Security features might also serve as a competitive advantage.

ZenGo Wallet

ZenGo Wallet is a non-custodial mobile crypto wallet that uses facial recognition technology instead of private keys. This feature ensures that there is no single point of failure and that you will not lose your money in the case of a hack or wallet loss. It’s an intriguing new way to avoid seed phrases or codes while still gaining access to various benefits for cryptocurrency investors and users. 

Once the wallet is installed, it’s simple to create a Chiliz wallet: go to ‘manage wallets,’ click the ‘+’ icon, search for Chiliz, and then click ‘Add.’ On the home screen, there will now be a new Chiliz wallet. When you click it, you’ll be able to send and receive a Chiliz coin.

Ledger Wallet

Ledger logo

Cold storage wallets are made by Ledger for customers who wish to strengthen their security. Ledger wallets are physical devices that communicate with your PC, and you can transfer cryptocurrencies from the gadget only when connected to the Internet. Ledger offers many products, including the Ledger Nano S and the Ledger Nano X.

Trezor Wallet

Trezor is a pioneer in the field of hardware wallets. It’s perfect for beginners and professionals alike since it combines world-class security with an easy UI and interoperability with other desktop wallets. The company has earned the trust of the cryptocurrency community over the years. The Trezor One and Trezor Model T are the two primary Trezor variants (that have a built-in touch screen).

Is Chiliz a Good Investment

Chiliz is a volatile asset with a high risk/reward ratio. Early investors who sold it at the all-time highs may have earned more than a 1500% return on their investment. On the other hand, buyers at the peak may have experienced a loss of more than 60%.

Chiliz’s greatest usage may be to buy a few fan tokens to take advantage of the bonuses and polls provided by your favorite team. Speculating on its price or the price of a fan token may result in catastrophic losses, but introducing additional sports, teams, and users may drive up popularity and price.


Chiliz is a sports and e-sports resource that develops branded tokens to let fans connect with teams. To establish a full economy for team-fan engagement, the company combines its Socios platform and token marketplace with an Ethereum-based coin and thousands of branded fan tokens.

The CHZ token has two primary applications. Some individuals get it to buy fan tokens and cheer for their favorite teams at Socios. Others see the coin as an enticing investment option partly protected from the larger crypto market’s ups and downs. CHZ might be used instead of or in addition to stablecoins to create a well-balanced crypto investment portfolio.

Investment Advice Disclaimer: 

CoinStats offers easy and convenient ways for you to buy Chiliz instantly. We make every attempt to thoroughly inform our users of every cryptocurrency we provide on our platform; we are not liable for the outcomes of your Chiliz purchase.

The information contained on this website is provided to you solely for informational purposes and do not constitute a recommendation by CoinStats to buy, sell, or hold any security, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice.

Cryptocurrency is a highly volatile market, do your independent research and only invest what you can afford to lose.  Performance is unpredictable, and the past performance of CHZ is no guarantee of future performance.

There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. You should consider your own circumstances and take the time to explore all your options before making any investment.

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