Swapping Tether (USDT) for Chiliz (CHZ) is a safe and secure process with Zengo. Follow this guide to learn how to trade your USDT for CHZ tokens or vice versa in the simplest and safest way possible.
Tether (USDT) was initially launched in 2014 by iFinex, the company behind the Bitfinex exchange. The USDT currency is pegged to the U.S. dollar and aims to maintain a value equal to 1 USD. This stablecoin offers itself as a store of value in the often fluctuating crypto markets. Investors who have confidence in Tether have the option to hold their assets in USDT instead of converting them to fiat currency. Although Tether is most commonly recognized as an ERC-20 token on the Ethereum blockchain, it is also compatible with other blockchain platforms. As one of the earliest and most widely used stablecoins, Tether is backed by reserves in a one-to-one ratio. The coin is often compared to stablecoins like DAI, USD Coin (USDC), and TrueUSD (TUSD).
Chiliz (CHZ) is a cryptocurrency designed specifically for sports and entertainment. It was launched in 2019 by Alexandre Dreyfus to empower fans by letting them influence the decisions of their favorite teams through a concept known as “Fan Tokens.” Chiliz itself complies with the ERC-20 standard and runs on the Ethereum blockchain. The token can be used to purchase fan tokens, participate in Fan Token Offerings (FTOs), and vote on club polls. Because of its unique use case, the token became a significant player in the rapidly growing field that integrates sports with cryptocurrencies.
Zengo allows users a secure platform to swap USDT for CHZ. To start, simply download the Zengo app from the Apple App Store or Google Play. The trading process can begin as soon as you have set up your account and completed the onboarding process.
Once your Zengo account is set up, follow these steps to trade your USDT for CHZ:
Open the Zengo app and select the “Actions” button located in the main menu.
Choose the USDT and CHZ currencies (or vice versa) and input the amount you wish to swap.
Review the trade details and tap “Confirm.” Once your trade has been completed, Zengo will notify you.
Zengo provides an effective way to trade USDT tokens for CHZ and vice versa, as well as secure management and non-custodial storage for your crypto assets. There are many advantages to Zengo, including:
By using Zengo, you will be able to hold, trade, buy, sell, send, and receive a vast collection of digital assets, including Bitcoin, Ethereum, Dogecoin, and Chainlink. Additionally, since Zengo is Web-3 ready, thanks to its WalletConnect functionality, it is possible to connect to and make use of a variety of decentralized applications (Dapps), such as Uniswap and OpenSea.
Zengo ensures the highest standard of security for your digital assets. It combines advanced MPC technology, biometric protection, and 3-factor authentication to secure your digital assets. On top of that, Zengo’s powerful Web3 firewall protects you and your data while interacting with various Web3 Dapps. Learn more about Zengo’s advanced security measures.
Zengo, as a non-custodial wallet, ensures that only you have complete control over your private keys while maintaining the safety and security of your digital assets. Additionally, by creating a user-friendly design, we made sure our interface minimizes the possibility of human errors.
Using Zengo, you can swap a variety of digital assets for fair and competitive fees. In addition, Zengo does not charge transaction fees for sending or receiving cryptocurrencies; however, it is important to note that third-party fees may still apply. Also, you can decide how much you are willing to pay for gas. It is possible to pay less and wait longer for a transaction to go through or to pay more and get it done more quickly. Find out more about our custom network fees here.
If you lose your mobile device or accidentally delete the Zengo app, you don’t need to worry. With Zengo’s smart biometric recovery system, you’ll be able to access your crypto and NFT portfolio. To get back to your account, simply reinstall the Zengo app, sign it, and use the face ID to confirm your identity, after which you will gain access to your digital assets.
Trading cryptocurrencies can be profitable and exciting, but they are usually unregulated, and the price increases and decreases rapidly. Zengo offers secure storage and trading solutions for digital assets along with the ability to access Web3, but we do not provide any financial advice. Make sure you do your own research before committing to crypto investments.
If you still have questions about swapping USDT for CHZ with Zengo, check the following FAQs below.
Both Tether and Chiliz operate on more than one blockchain, while both have their main functionality centered around the Ethereum ERC-20 standard. However, their core purposes and functionalities are very different. Tether (USDT) is a stablecoin tied to the US dollar, serving as a store of value in the volatile and unpredictable crypto markets. Chiliz (CHZ), on the other hand, is a utility token that was explicitly created for sports and entertainment, making it possible for fans to influence the teams that they support.
Trading Tether tokens for Chiliz with Zengo simply means that you are using Zengo’s built-in swap feature to trade one coin’s amount for another.
Yes, of course, having a reliable and compatible crypto wallet is essential when trading USDT for CHZ tokens. With Zengo, you get all of that, plus additional features and security.
Yes, minimum trading amounts between Tether and Chiliz vary based on market fluctuations. To see the current minimum amounts, open the Zengo app, choose the trade function, and select the currencies you’re interested in. For more information on Zengo’s fees and limits, click here.
With Zengo, you can trade Tether, Chiliz, and many other cryptocurrencies, including BTC, ETH, DOGE, LINK, XTZ, SAND, and VGX. Availability of specific pairs will be dependent on current market conditions; make sure you check the app before you begin trading. For the most up-to-date information, open the Zengo app, tap “Actions,” then tap “Trade,” and select your desired trading pair.
Yes, with Zengo, you have complete control over your digital assets. To transfer USDT or CHZ to another wallet, simply open your Zengo app, select the cryptocurrency you wish to send, tap on “Actions,” choose “Send,” then input the amount and destination wallet. Follow the on-screen instructions to complete your transfer.
A notification will be sent to your device after your USDT to CHZ transaction has been completed. Additionally, once your trade has been processed, you’ll see the status change from “Trade Pending” to “Trade Received” in the transaction history section of the Zengo app.
You can purchase both USDT and CHZ through Zengo’s fiat-to-crypto on-ramp gateway. To buy new tokens, launch the Zengo app, select “Actions,” click on “Buy,” and then follow the instructions, including the payment partner and your desired payment option. There are multiple payment options available, including MasterCard, Visa, Apple Pay, and bank wire transfers.
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