For sports lovers, being able to support their favorite teams using blockchain technology as well as being a part of the key decision-making process regarding the teams is a unique experience. And to do that, they need to own fan tokens which, of course, are sold on some popular exchanges, especially the Chiliz exchange. Before diving into sports spirit, let’s research what exactly Chiliz exchange is and how it works on <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a>.<h2>About Chiliz exchange</h2><h3>Chiliz exchange introduction</h3><img src="https://cdn.builder.news/news/11ed1d15199a216ca8e6023f659fee92.jpg" alt="Chiliz exchange" title="Chiliz exchange" width="600" height="496">Chiliz exchange is known as a cryptocurrency exchange from Malta, which allows sports enthusiasts to support their favorite teams in a new way, and the teams also with a new way to monetize their global fanbases by&nbsp;<a href="https://www.builder.news/crypto-insights/fan-token-is-it-worth-investing" alt="Fan token - Is it worth investing?" title="Fan token - Is it worth investing?" target="_blank" rel="" class="">using Fan Tokens</a>.&nbsp;$CHZ is Chiliz's native crypto currency, which is used for sports and entertainment, purchased fan tokens on Socios.com by fans of the world's major sports teams, and is listed on the world's largest cryptocurrency exchanges, including Coinbase and Binance.Besides Chiliz exchange, users can buy fan tokens on other platforms such as: Binance and Superfandom, however, compared to Binance, Chilliz has supported the vast majority of fan tokens in the current market.Chiliz exchange has partnered with a variety of&nbsp; well-known football&nbsp; teams including Paris Saint-Germain from Ligue 1, Juventus and Roma from Serie A, West Ham from the Premier League, Atlético de Madrid from La Liga , and Galatasaray from the Super Lig .Chiliz exchange also supports trading on mobile phones to meet the diversity requirements of clients. Users can download it from both <a href="https://play.google.com/store/apps/details?id=net.chiliz.broker.android" alt="Google Play " title="Google Play " target="_blank" rel="nofollow" class="">Google Play</a> and <a href="https://apps.apple.com/us/app/chiliz-exchange/id1493980225" alt="App Store" title="App Store" target="_blank" rel="nofollow" class="">AppStore</a>.&nbsp;<h3>Chiliz exchange fees</h3>The exchange charges you a trading fee every time you place an order&nbsp; which is often a modest percentage of the order value. In detail, in terms of trading CHZ pairs, sellers need to pay a 0.6% fee while buyers do not have to pay any fees. In contrast, both sellers and buyers have to pay a 0.2% fee when other pairs are being offered.<h3>The advantages of Chiliz exchange</h3><h3>Connect crypto with sports</h3>Chiliz has a lot to offer the sports world as well as the crypto sector. It is introducing the crypto sector to billions of football fans across the world and is a key driver of Bitcoin adoption. A global sports community is brought together through its Socios.com platform.<h3>Advance the interaction of fans and teams</h3>Chiliz also takes pleasure in leveraging cutting-edge technologies to enhance fan and team connection. Explicitly, fan concerns cannot influence the club's decision-making. Followers' votes cast through the Socios.com platform, on the other hand, let clubs get a good picture of what their fans desire. This is a unique manner of rallying support for a club and allowing supporters to feel a part of the squad they support.<h3>A truthfulness platform</h3>To ensure credibility, the Chiliz team creates its own Ethereum (ETH) blockchain case. Socios.com is built on this authorized sidechain. It houses any team, league, game title, or other organization that links to the platform, as well as each organization's crowd voting processes, which function as Semiautonomous organizations on this blockchain. Furthermore, to maintain security, the Chiliz blockchain employs a proof-of-authority (PoA) sidechain consensus process. Unlike proof-of-work (PoW) and proof-of-stake (PoS), PoA relies on the reputation of already established validators to create new blocks. This approach, in addition to providing a scalability solution, provides openness because Socios.com's PoA sidechain will be publicly auditable.<h3>A well-experienced team and backers</h3>Chiliz has a skilled team which includes over 250 multidisciplinary experts of 27 different nationalities, with over 20 years of experience in building websites and platforms, including payment solutions and games. For example:<ul><li>CEO - Alexandre Dreyfus: He founded and developed many technology projects such as Mediartis, Webcity, Winamax, Chiligaming, and more.&nbsp;</li><li>COO - Emma Diskin: She used to hold the position of Chief Information Officer, Marketing Director, Global Communications Director and CEO of various media and technology companies.<img src="https://cdn.builder.news/news/11ed1d15199a2b8ba8e6023f659fee92.jpg" alt="Chiliz team and backers" title="Chiliz team and backers" width="600" height="467"></li></ul>Besides, Chiliz also gathers a lot of well-known supporters, such as:<ul><li>Alan Walker: Music artist with over 10 billion views on Youtube. The crowdfunding campaign for Alan Walker's Unity song on Corite was completed in less than a week. In the near future, more his products will be released on Corite.</li><li>Rico Love: Grammy Award-winning music producer with many productions for Beyonce, Usher, and more. He is a consultant for Corite.</li><li>Hitco Music: One of the top entertainment companies run by legends in the L.A. industry. Reid and Charles Goldstuck. LA Reid is a Corite consultant.</li></ul><h2>An ultimate guide about how to use Chiliz exchange</h2><h3>How to complete the ID verification process</h3>Verifying ID is the necessary process for all users, so you need to follow these steps to accomplish.<ol><li>Step 1: Go to this <a href="https://www.chiliz.net/login?redirect=https%3A%2F%2Fwww.chiliz.net%2F" alt="Chiliz.net - Login" title="Chiliz.net - Login" target="_blank" rel="nofollow" class="">link</a> and enter your login information.</li><li>Step 2: Click the user icon in the top right, then press “User Center.”</li><li>Step 3: Choose the “ID Verification” text, and click the ‘NO ID VERIFICATION’ button below it.</li><li>Step 4: Fill in the information required and click submit.</li></ol>Basic verification is now complete, however, to complete full verification, click the advanced option.<ol start="5"><li>Step 5: Upload a photo of your valid ID as well as a photo of you holding the ID and a piece of paper with your name, chiliz.net exchange, and application date.</li><li>Step 6: Click “Submit” to finish the verification process.</li></ol><h3>How to deposit on Chiliz exchange</h3>In order to deposit on Chiliz exchange, you need to follow several steps:<ol><li>Step 1: Go to this <a href="https://www.chiliz.net/login?redirect=https%3A%2F%2Fwww.chiliz.net%2F" alt="Chiliz.net - Login" title="Chiliz.net - Login" target="_blank" rel="nofollow" class="">link</a> and enter your login information.</li><li>Step 2: Move to your wallet page, which is located in the upper right corner under “Balance.”</li><li>Step 3: Locate the coin you want to deposit and click the “Deposit” button.</li><li>Step 4: Either copy the address or scan QR code.</li></ol>Note:<ul><li>If you choose to deposit $CHZ to the exchange, please keep in mind that any non-$CHZ coin/token transfers to the $CHZ address will be lost and cannot be recovered by the Chiliz.net staff.</li><li>Take notice of the amount of confirmations necessary for deposits on the deposit page, since more confirmations may result in lengthier deposit times.&nbsp; At the same time, don’t miss&nbsp; the minimum deposit amount, since anything less will be rejected.</li></ul><h3>How to withdraw from Chiliz exchange</h3>Similar to the process of depositing on Chiliz exchange, to withdraw from Chiliz, you need to do step-by-step:&nbsp;<ol><li>Step 1: Go to this <a href="https://www.chiliz.net/login?redirect=https%3A%2F%2Fwww.chiliz.net%2F" alt="Chiliz.net - Login" title="Chiliz.net - Login" target="_blank" rel="nofollow" class="">link</a> and enter your login information.</li><li>Step 2: Move to your wallet page, which is located in the upper right corner under “Balance.”</li><li>Step 3: Locate the coin you want to withdraw and click the “Withdraw” button.</li><li>Step 4: Copy or input the withdrawal address, making sure it is valid. Check that the amount you are attempting to withdraw is more than the minimum withdrawal limit.</li></ol>After pressing “Withdraw” and entering your asset password and 2FA verification, you will be taken to the withdrawal confirmation page, which will inform you of the withdrawal's progress. All withdrawals are subject to an automatic withdrawal review procedure, which might take a few minutes.<h3>How to trade in Chiliz exchange</h3>The entire procedure may be completed in as little as 15 minutes, and all you'll need is a picture identification, and a method of payment. Now, read these steps carefully before doing.&nbsp;<ol><li>Step 1: Enter the <a href="https://www.chiliz.net/exchange/ACM/CHZ" alt="chiliz.net" title="chiliz.net" target="_blank" rel="nofollow" class="">website</a> to start the process.&nbsp;</li><li>Step 2: Select the trading pair you want to buy/sell in the left corner of the screen. In the middle screen, you will see a chart that shows all of the important information about this pair. The Chiliz exchange will provide familiar orders such as Limit, Market, and Stop – Limit.</li><li>Step 3: To buy or sell coins, choose an order and accept the price and quantity. Click on Buy/Sell to finish the process.&nbsp;</li></ol><img src="https://cdn.builder.news/news/11ed1d15199a312ba8e6023f659fee92.jpg" alt="how to trade in Chiliz exchange" title="how to trade in Chiliz exchange" width="600" height="241"><h2>FAQs about Chiliz exchange</h2><ol><li>How do I check my transaction history?</li></ol>Click the “Balance” button in the upper right corner of the main page, then proceed to either “Wallet” or “Sub-account” to discover the “HISTORY” button, which leads to a record of your previous transactions.<ol start="2"><li>How do I check the price of Chiliz?</li></ol>In order to check the price of Chiliz, visit this&nbsp;<a href="https://coinmarketcap.com/currencies/chiliz/" alt="Coinmarketcap.com" title="Coinmarketcap.com" target="_blank" rel="nofollow" class="">link</a>. As of writing, its price has witnessed an incredible increase.&nbsp;<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name. </div>

What exactly Chiliz exchange is and how it works, find out the answer in this article!

Chiliz exchange - An optimal exchange for fan tokens