How to Buy Chiliz: A Step-by-Step Guide
Last Updated: June 2026
Chiliz (CHZ) is one of the few crypto assets with a clear, real-world use case: powering fan engagement for professional sports clubs and esports teams through tokenized voting and rewards. Built on its own Chiliz Chain (a sport-focused EVM-compatible blockchain), CHZ is the currency fans use to acquire fan tokens — club-branded assets that grant holders a say in club decisions. Whether you are interested in the sports utility angle or simply want exposure to a mid-cap altcoin, buying CHZ is straightforward once you know which platform fits your needs. This guide walks you through every step, from choosing a crypto exchange to executing your first trade on a decentralized platform.
What Is Chiliz and Why Does It Matter
Chiliz was founded in 2018 and operates the Socios.com platform, where more than 170 sports organizations — including FC Barcelona, Juventus, Paris Saint-Germain, and UFC — have launched branded fan tokens. The CHZ token itself is not a fan token; it is the medium of exchange inside the ecosystem. When you want to buy a fan token, you first need CHZ.
In 2022, Chiliz launched Chiliz Chain — a dedicated blockchain for sport and entertainment projects. This move reduced dependence on Ethereum and Binance Smart Chain, lowered transaction fees, and opened the network to third-party sport-themed decentralized applications. The chain uses a proof-of-staked-authority model, which keeps block times fast and gas costs predictable. Understanding this layer is important because it affects which wallets and bridges you will need if you plan to move CHZ across networks.
How to Buy CHZ: Step by Step
Buying CHZ involves four main actions regardless of which platform you use: fund a wallet or account, locate the CHZ trading pair, place your order, and secure your tokens after purchase.
- Choose your platform. Centralized exchanges (CEXs) like Binance, Kraken, or KuCoin list CHZ and allow fiat on-ramps via card or bank transfer. Decentralized exchanges (DEXs) like EVEDEX let you trade directly from a self-custody wallet without depositing funds to a third party.
- Set up and fund your wallet. For a DEX, install MetaMask or Trust Wallet, add the Chiliz Chain network (Chain ID 88888, RPC: https://rpc.ankr.com/chiliz), and bridge funds from another network or transfer CHZ from a CEX withdrawal.
- Find the CHZ pair. On a CEX, search for CHZ/USDT or CHZ/BTC. On a DEX, use the token address to locate CHZ if it does not appear automatically in the default token list.
- Place your order. A market order fills immediately at the current price. A limit order lets you set a target price — useful when spot trading during volatile sessions.
- Withdraw to self-custody. If you bought on a CEX, consider moving CHZ to your own wallet for long-term storage. Leave only what you plan to trade actively on the exchange.
CEX vs DEX: Choosing the Right Platform for CHZ
Both centralized and decentralized platforms have trade-offs. The table below compares the most relevant factors for a typical CHZ buyer.
| Factor | Centralized Exchange | Decentralized Exchange (e.g., EVEDEX) | |---|---|---| | KYC required | Yes, typically mandatory | No — wallet connect only | | Fiat on-ramp | Yes (card, bank transfer) | No — crypto only | | Custody | Exchange holds your keys | You hold your keys | | Trading fees | 0.1%–0.5% per trade | Variable, often 0.1%–0.3% | | Leverage available | Sometimes (futures desk) | Yes, via leverage trading | | Speed to start | Slower (ID verification) | Fast (connect wallet, trade) | | Counterparty risk | Exchange insolvency risk | Smart contract risk |
For users who want a fiat entry point and are comfortable with KYC, a CEX is the fastest route. For users who value self-custody and want to keep trading activity private, a DEX is preferable.
Trading CHZ on EVEDEX
EVEDEX is a decentralized perpetuals and spot exchange where you can trade CHZ without creating an account or completing identity verification. To get started, connect a compatible EVM wallet (MetaMask, WalletConnect-compatible wallets), deposit USDC or another supported collateral asset, and search for the CHZ trading pair.
On EVEDEX you can trade CHZ in two ways. Spot lets you buy and sell CHZ at the current market price, taking direct ownership of the token. Perpetual futures let you gain price exposure to CHZ — long or short — using crypto futures contracts with adjustable leverage. This is particularly useful if you want to hedge an existing CHZ position or speculate on short-term price movements without moving tokens between networks.
Because EVEDEX runs on-chain, all trades are settled by smart contracts. There is no withdrawal process — your funds stay in your wallet until you decide to trade. Fee discounts and trading rewards are distributed transparently based on on-chain activity, which you can verify at any time.
One practical note: if your CHZ is on the Chiliz Chain, you may need to bridge it to the network EVEDEX operates on before trading. Use the official Chiliz bridge or a reputable cross-chain aggregator, and always double-check the destination network before confirming a bridge transaction to avoid losing funds.
