How to buy Chiliz online

Chiliz is a digital currency that offers fans a unique way of supporting their favourite team. Find out how it works to increase fan engagement and what you can use the coin for.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: May 12, 2021
Tip: our preferred broker is, eToro: visit & create account

This beginner-friendly guide takes you through everything you need to know about Chiliz and its Socios.com platform. It tells you what Chiliz is, explores its growth prospects, and shows you where to find the coin.

Compare where to buy Chiliz, and open an account

If you want to get started right away, follow any of the links below to visit one of our most trusted brokers. If you don’t want to dive straight in, keep reading to learn more about Chiliz before deciding whether or not to invest.

1
Min. Deposit
$50
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User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
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Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
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Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is Chiliz?

Chiliz lets you show support for your favourite sports team with cryptocurrency. CHZ is the coin that powers Socios.com, a fan engagement app where you can use tokens to unlock rewards from your favourite team.

Although it can be traded like any other cryptocurrency, the main value lies on Socios.com. There you can spend Chiliz on specific team tokens – like $FCB, $JUV, or $PSG – to unlock unique benefits, including behind-the-scenes access and voting rights.

Ever since Socios.com’s launch at the end of 2019, Chiliz has been on a recruitment drive, signing partnerships with e-sports teams and the UFC, along with top football teams around Europe.

How does Chiliz work?

Chiliz gives sports teams a platform to sell their own cryptocurrency tokens to fans. Every time a new team joins Chiliz, it releases a fixed amount of its own tokens which can be bought and sold with CHZ. $FCB, for example, is the official token of FC Barcelona, and buying one of their tokens means you can vote in polls run by Barcelona or enter competitions to meet its star players.

Chiliz runs its own cryptocurrency exchange, powered by the CHZ token. Every team that has partnered with Chiliz has a token that is available to buy with CHZ on the Chiliz exchange at Socios.com. Each of these fan tokens works in much the same way as a regular cryptocurrency, it can be bought and sold, and its price is decided by the market.

How to buy CHZ online – a step-by-step guide

Step 1. Find an exchange

You can either use the Chiliz.net exchange, or find its coin on most of the top cryptocurrency exchange platforms. If you choose the latter approach, you might have to transfer your cash into a cryptocurrency – like Bitcoin – first. You can learn more about how to get Bitcoin in our cryptocurrency guides.

Here are the best places to buy Chiliz coin in the UK:

  • Binance: One of the biggest names in the cryptocurrency trading space, Binance allows users to trade hundreds of different cryptocurrencies, including Chiliz. Open an account right now >
  • Bitpanda: A simple exchange to offers a wide range of cryptocurrencies, including Chiliz, and accepts several fiat currencies if you are a user operating from the EU (or the UK). Open a Bitpanda account today >

Step 2. Sign up and fund your account

When you sign up for a new exchange account you’ll need to verify your identity before you can start trading. This is pretty simple but you’ll need a form of photo ID, like a passport or driving licence, to do so. These days, most brokers accept deposits in fiat currency (like GBP, USD, or EUR), although some still can only be funded with cryptocurrency.

Step 3. Purchase

Once you have set up and funded your exchange account, you’ll be able to exchange the cryptocurrency in your account for CHZ. If you have loaded your account with Bitcoin then you will want to head to the exchange and look at the current Chiliz price in the CHZ/BTC crypto pair and execute your trade.

Step 4. (Optional) Get a suitable wallet

For added security, you can get your own Chiliz wallet and transfer your coins into it for safekeeping. You don’t have to do this, and most exchanges will allow you to hold your coins within your account. The only real reason to consider this is if you’re planning to invest in Chiliz for the long term, but given the coin’s value lies in its fan tokens and exclusively on Socios.com, this is unlikely to be necessary.

If you do want to use a wallet to store your cryptocurrency, here are a couple of options:

  • Guarda: An open-source wallet that has web, desktop, and mobile options available. It also has a deal with the Changelly exchange so that you can store any coins bought there on Guarda. Sign up for Guarda today >
  • StrongCoin: A hybrid online wallet for storing Bitcoin and Bitcoin Cash. You get an online wallet that’s encrypted and secured on the StrongCoin servers. Get a StrongCoin wallet now >
1
Min. Deposit
$1
Exclusive promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Chiliz – a step-by-step guide

Step 1. Find a broker

You want to find a broker that offers low fees and flexible trading options. Before all that, though, the first and most important thing to check with any broker you choose is to make sure it supports Chiliz trading. As it’s smaller, new cryptocurrency, few brokers offer trading at the moment.

The biggest brokers tend to offer a range of cryptocurrencies along with other assets that you can invest in, like stocks, forex, and commodities. If you want to trade CHZ, eToro and Plus500 are two of the biggest crypto brokers that can check out first.

Step 2. Deposit money

Brokers usually let you use fiat currency to fund your account and trade crypto. You should make sure to take into account the trading fees each broker charges on every trade, so you can get the best value for your money.

Step 3. Decide how you’d like to trade

The most common methods for trading with an online broker are spread betting and contracts for difference (CFDs). You can check out our free online courses to understand more about what each involves, and which one is best for you.

Step 4. Start trading 

When your broker account is set up, you’re ready to start trading. We recommend that beginners start out with a demo account to get to grips with how to trade cryptocurrency without the risk of losing money. 

Once you start trading you have a couple of options; you can go long or go short. If you think an asset will go up, you take a long position. If you think it will go down, you ‘short’ it. When you short an asset you are selling it early with the aim of buying it back later at a lower price, making a profit on the difference.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Still undecided?

It’s always best to take time to think over any potential investment, and this is especially true when it comes to cryptocurrency. Here are some pros and cons to consider when it comes to investing in Chiliz, along with some key questions to think about below.

Pros

  • Its low price makes Chiliz a good entry-level coin
  • Use Chiliz to trade fan tokens on its native exchange
  • Fan tokens give you voting rights on your favourite team’s decisions
  • Chiliz is a unique cryptocurrency with little competition at the moment

Cons

If you’re still not sure, here are three more things to consider before you decide whether to invest in Chiliz.

1. Is now a good time to buy Chiliz?

It depends on your investment outlook. Are you buying for the long term or interested in trading to try to make a quick profit? If you want to get involved in the Socios.com community or to earn voting rights for your favourite sports team, it’s rarely a bad time.

As a long-term investment, you need to be convinced of the growth prospects of the whole Chiliz brand and to see signs of more major teams and sports signing up. You’ll also want to consider the cryptocurrency markets more broadly. It’s a good idea to keep on top of our latest analysis to see if your coins are likely to climb to a higher price:

Persistent price volatility in Bitcoin (BTC) price action and other similar cryptocurrencies indicates a potential need for stablecoins and other less volatile digital currencies.  Fundamental analysis: Altcoins may prosper Bitcoin has been on a frenzy over the past year, however, its high volatility and the need for less volatile cryptocurrencies…

2. What problem does Chiliz solve, and what are the coin’s investment prospects?

Chiliz offers a way for teams to use cryptocurrency to profit from their global fan base. As a cryptocurrency focused on sports and entertainment, it has few competitors and can offer teams a unique revenue opportunity. Similarly, it gives fans new ways to engage with their favourite players.

Its investment prospects depend on whether it can keep signing up teams to draw new fans to the Socios.com platform. The growth of the community would drive more demand for the CHZ coin, so Chiliz needs to generate more fan token offerings and more engagement from its partner teams to increase its value.

The Chiliz brand is well-funded and has had some early success, while its exclusive behind-the-scenes access and team rewards offer something different from any other cryptocurrency. Below you can keep up to date with the latest news to make sure you’re one of the first to know whenever Chiliz adds new teams to its roster:

Chiliz CHZ/USD is an Ethereum token that powers the platform known as Socios.com, which allows users to show their support for a professional sports team by purchasing Fan Tokens that give them exclusive perks. The FTX.com partnership as a catalyst for growth We have seen numerous fan tokens released…
The cryptocurrency market is advancing this Friday; Bitcoin continued its surge and reached a new daily high above $46,500. This situation also supports Chiliz’s price, and in less than several hours, the price of this cryptocurrency has advanced more than 10%. Fundamental analysis: Chiliz continues with U.S. expansion Chiliz is…

3. Do you want to hold Chiliz for the long term?

At the moment, Chiliz value lies in the opportunities it offers you on Socios.com. That doesn’t mean it won’t be a good long-term investment option, but the real value comes from its native app and in the shape of the fan tokens. Below are a couple of final things to consider depending on your investing outlook.

Considerations for a long term investment strategy

If you think that Chiliz’s best days lie ahead and you want to get in on the ground floor, then you’ll want to sign up for a reliable cryptocurrency exchange to get some coins right away. Depending on how long your time horizon is, you might also consider getting a personal wallet to hold your coins.

Considerations for a short term trading strategy

If you’re aiming to trade Chiliz quickly in order to profit from fluctuations in the crypto market, then the overall strength and long term trend of the coin’s price doesn’t matter so much. The important thing to do is familiarise yourself with technical analysis and signing up with a broker that offers low trading fees. Anticipating price movements by reading a variety of charts accurately gives you the best chance of trading success.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.