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Bitvavo makes Chiliz as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Chiliz is an ERC-20 utility token on the Ethereum blockchain that serves as the digital currency of socios.com. On the website, users can buy Fan Tokens issued by Chiliz partners. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
Create a free account with which you can buy, sell, send, receive and store Chiliz. Access your Bitvavo account from every location, on mobile and desktop.
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Chiliz and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Chiliz without any technical knowledge. Here is a brief overview of the existing wallet options to store your Chiliz:
Hosted wallets are wallets where the private keys to your Chiliz are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Chiliz online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Chiliz. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Chiliz, and if malicious parties have access to your device, your private keys (and therefore your Chiliz) can be stolen.
A hardware wallet is a physical device on which you can store your Chiliz offline. It is one of the safest ways to store your Chiliz, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Chiliz is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Chiliz. Once you have purchased Chiliz on Bitvavo, you can choose to send your Chiliz from your Bitvavo wallet to your own software or hardware wallet.
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