Where to Buy Chiliz – Beginner’s Guide

Chiliz is a popular cryptocurrency and blockchain technology project that aims to bridge the gap between sporting clubs and fans. In this guide, we’ll show you how to buy Chiliz online in less than five minutes with a bank transfer, debit / credit card, Paypal or e-wallet.

We’ll also discuss what the future holds for Chiliz, whether this digital currency represents a good investment and make some CHZ price predictions.

Where to Buy Chiliz Coin

In terms of where to buy Chiliz crypto, you’ve got plenty of options in the online space. After all, Chiliz now carries a market capitalization of over $1 billion. It’s the #64 ranked coin on Coinmarketcap.

With that said, you still need to do a bit of research about the best place to buy Chiliz crypto, 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 to invest in Chiliz in 2024.

1. Crypto.com – Buy Chiliz via a User-Friendly Mobile App

If you’re the type of investor that likes to trade digital currencies on your smartphone, then you might be suited for the Crypto.com app. Available on both iOS and Android, the Crypto.com app is super user-friendly and it takes just minutes to open an account. Once you’re all set up, you can then buy Chiliz with US dollars.

In terms of payment options, Crypto.com supports both ACH and debit/credit cards. With that said, the latter will cost you 2.99% in fees, while ACH is free. Moreover, US clients can deposit funds via ACH instantly. In terms of commissions, you will pay up to 0.40% per slide – which amounts to $4 for every $1,000 traded.

However, Crypto.com utilizes a market maker/taker model, meaning that lower commissions are available when you trade larger volumes. Moreover, you can also benefit from lower fees when you hold Cronos tokens – which is the 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 through your smartphone, you can create a highly diversified portfolio of crypto assets. Another popular feature at Crypto.com is its savings accounts – which allows you to earn interest of up to 14.5% per year. APRs vary depending on the token and lock-up term, as well as whether or not you hold CRO tokens.

Either way, this can be a great way to boost the value of your Chiliz portfolio – as you can combine interest with token appreciation. You might also consider the Crypto.com loan facility – which offers an LTV of up to 50%. This can come in handy if you need access to funds but you don’t want to sell your Chiliz tokens.

You might also like Crypto.com for its 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 client digital assets in cold storage at all times.

Cryptoassets are a highly volatile unregulated investment product. 

2. Coinbase – Top Exchange to Buy Cardano for Beginners

Coinbase is a popular and high-ranked crypto exchange that was first launched in 2012. This means that Coinbase is one of the most established platforms in the digital asset space. In terms of its target market, Coinbase is typically used by beginners that wish to buy and sell cryptocurrencies for the first time. 

As such, if you want to buy Chiliz but you have little to no experience, Coinbase is well worth considering. You will first need to open an account and upload a copy of your government-issued ID before you can get started. Once you are verified, you can then transfer funds via ACH – which takes 1-3 working days to arrive. No fees are charged on ACH deposits. 

You can then buy Chiliz at a commission of 1.49% – which is a lot more expensive than the likes of Crypto.com. Furthermore, if you buy less than $200 worth of Chiliz tokens, you will pay a flat rate – which works out even more expensive in percentage terms. You can also buy Chiliz instantly with a debit card, albeit, this will cost you nearly 4% in fees.  

When it comes to security, Coinbase keeps 98% of client digital assets in cold storage, while the balance is used to facilitate withdrawal requests and ensure that sufficient levels of liquidity are available. You will also be required to set up two-factor authentication, which will add an additional layer of security on your Chiliz tokens.

Moreover, if you sign in to your Coinbase account from a new laptop or cell phone, additional security checks will be made. Once you have invested in Chiliz, you might consider diversifying your Coinbase portfolio. At this exchange, you can choose from 50+ other digital currencies – including a full suite of high-rated DeFi coins.

In a similar nature to 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 a non-custodial storage facility. It also supports storing non-fungible tokens (NFTs).

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance – Popular Crypto Exchange to Trade Chiliz With Low Fees 

Binance is the world’s largest exchange with over 100 million clients on its books. Americans have access to a dedicated Binance US platform, which covers 80+ digital currencies. This includes a market on Chiliz, which can be traded against the US dollar.

Before you can trade Chiliz at Binance, you will first need to deposit some funds. Binance supports ACH and domestic wire transfers – both of which are processed without any transaction fees. You will need to wait 1-3 working days for the funds to arrive though, so bear this in mind.

If you’re in a rush to buy Chiliz, Binance also supports instant payments via a debit or credit card. This will cost you 4.5% of the transaction amount, plus a 0.5% buy fee. Once your Binance account is funded, you will have access to super-low commissions.

For instance, even if you only trade small amounts, you will pay a commission of just 0.10% per trade. This amounts to just $10 for every $1,000 traded. And, just like Crypto.com – Binance utilizes a market maker/taker system. As such, if you find yourself trading larger volumes throughout the month, you will have your commission fee reduced.

You can also reduce your commission by 25% if you hold BNB tokens in your Binance wallet. Join via a Binance referral link for a further discount on trading fees.

On the subject of storage, you can keep your Chiliz tokens in your web wallet or download the Binance app for iOS and Android. Alternatively, you might also download the non-custodial Trust Wallet app, which is backed by Binance.

This is a good option if you want full control over your private keys or you wish to invest in digital tokens that operate on top of 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.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Chiliz?

Chiliz is both a cryptocurrency and blockchain project. The main concept of Chiliz is that the project aims to bridge the gap between sporting teams and fans. That is to say, by holding Chiliz tokens, fans are able to engage with their favorite clubs – be it from the world of soccer, NBA, baseball, and more.

Otherwise referred to as a fan token, sporting clubs can issue their own native crypto asset via the Chiliz platform – which in turn, will be purchased by supporters of the respective club. And in doing so, fans gain certain rights – such as being able to vote on club-based decisions.

Some of the most recognized sporting brands that Chiliz has partnered with include the UFC, AC Milan, Manchester City, Paris Saint Germain, and Roma. With that being said, if you are looking to buy Chiliz on a speculative basis, then your overarching objective will be to make a profit. And this can be achieved if the value of the Chiliz coin rises in value.

Is Chiliz a Good Investment?

As noted above, if you want to invest in Chiliz today – you are likely doing so to make a profit.

With that said, there are thousands of digital currencies active in this space – so you’ll want to do some comprehensive research to ensure that Chiliz is the right crypto 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 Launching to the Public

First and foremost, Chiliz has performed exceptionally well since its digital token was launched to the public. According to CoinMarketCap, Chiliz first hit cryptocurrency exchanges in mid-2019 at a price of $0.016 per token.

• This means that had you invested $1,000 during its launch, you would have purchased in the region of 62,500 Chiliz tokens.
• At its peak, Chiliz hit an all-time high of $0.83 per token – which it achieved in April 2021.
• This means that your 62,500 Chiliz tokens – at gains of over 5,000%, would have been worth over $50,000.

Since its all-time high, the value of Chiliz has retreated.

As of writing in early 2022, you can now buy Chiliz at approximately $0.30 per token. This means that you can enter the market at an attractive price that is over 60% lower than its prior high.

Interesting Concept

The overarching concept of Chiliz, which is to connect fans with their favorite sporting clubs, is something that hasn’t been done before. Perhaps this is because of the logistics of clubs being able to engage with their fans.

However, as Chiliz is built on top of the blockchain protocol, fans can contribute to the decision-making process of sporting clubs at the click of a button.

Moreover, if there is an ownership model in place, this can easily be authenticated by the number of tokens that the respective fan holds.

Plenty of Upside Potential

Another reason why you might consider buying Chiliz for your cryptocurrency portfolio is that the project still carries a relatively small market capitalization. As of writing, this stands at less than $2 billion.

And as such, the upside potential of this project is a lot higher than other cryptocurrencies – such as Dogecoin or Shiba Inu.

Chain 2.0

Launched in April 2022, Chiliz has finally released its much-anticipated Chain 2.0. In a nutshell, in addition to other notable benefits, Chain 2.0 will enable Chiliz to facilitate the minting and trading of NFTs.

And, as Chiliz does more and more partnerships with leading sports teams – this will allow fans to purchase unique NFTs that represent certain aspects of the club – such as a seat in the stadium or an area of the pitch.

Cheap Cryptocurrency to Buy

You might also consider buying Chiliz because of its low token price. After all, many digital currencies now trade for thousands of dollars – such as Bitcoin and Ethereum.

But, in the case of Chiliz, this digital currency has never surpassed a price of $1. And as such, you only need to invest a modest amount to get yourself a large number of tokens.

Chiliz Price

The Chiliz price is based on demand and supply, alongside trading volume. The more people that know about Chiliz and decide to invest, the better this is for its upside potential.

You can keep track of the Chiliz price through the exchange or broker that you purchased the tokens from.

You can use Coingecko, Tradingview, or Coinmarketcap. The Chiliz price is currently around 65% off its ATH, and based on the recent move to the upside in Q1 2022 may have found a bottom. It could be a good time to invest for the next bull cycle.

Chiliz Price Prediction

If you’re looking for Chiliz price predictions to assess where this digital currency is headed – you will likely find competing viewpoints in the online space.

For instance, we came across several projects that forecast a return of the $0.83 per token that Chiliz hit in 2021, by the end of 2022. However, a number of analysts argue that this project is somewhat overvalued and its business model is still unproven.

And as such, relying on Chiliz price predictions can be dangerous. Instead, we would suggest focusing on core developments that the project makes – such as its launch of Chain 2.0.

Moreover, you should also lookout for any new partnerships that Chiliz is able to make with leading sporting clubs.

Update – on August 18th 2022, all ten of the top crypto gainers on Binance were cryptocurrency fan tokens, coins with a lower market cap than CHZ.

That could be bullish for CHZ in the long term as it will bring more awareness to fan tokens as a whole, of which CHZ plays a central role in the ecosystem.

Ways of Buying Chiliz

You can buy Chiliz in a number of ways across dozens of crypto brokers and exchanges. You also have various 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 Credit Card or Debit Card

You can buy Chiliz with a credit or debit card at many online brokers. The key difference between cryptocurrency platforms accepting credit/debit cards is the fee that is charged.

For example, to buy Chiliz with a credit or debit card at the following brokers, you will pay:

• 4.5% plus 0.5% at Binance
• 3.99% at Coinbase
• 2.99% at Crypto.com

Buy Chiliz With Paypal

You can also buy Chiliz with Paypal from a number of online brokers. Coinbase, for example, will charge you 3.99% when using Paypal to fund your purchase.

Buy Chiliz With Bank Transfer

All of the exchanges that we discussed on this page allow you to buy Chiliz with a bank transfer – which covers a domestic wire and ACH. Moreover, you will be able to use this payment method to deposit funds into your account on a fee-free basis.

However, in terms of speed, Crypto.com is arguably the best place to buy Chiliz via a bank transfer, as ACH payments are credited instantly.

Best Chiliz Wallet

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’ll need to think about what type of wallet is a good fit for your skillset.

Conclusion 

In reading this guide from start to finish, you should now know how to buy Chiliz in a safe and low-cost way. If you’re ready to proceed with an investment right now – you can buy Chiliz in a matter of minutes via the trading platform you’ve picked.

And, as a US client, you can pay for your Chiliz tokens with a debit or credit card without paying any fees. Metaverse coins have been gaining a lot of attention in recent months, and Chiliz has announced plans to build a metaverse around the live sports theme.

Frequently Asked Questions on Buying Chiliz