If you have any interest to buy SPORTZCHAIN (SPN), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of SPORTZCHAIN (SPN).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Huobi
Now let me show you how to SPORTZCHAIN (SPN) using your investment from Binance.
But not every crypto can be traded in Binance we need to transfer our coins to an exchange that SPORTZCHAIN (SPN) can be traded.
I will show you how to use Huobi which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as you have done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades SPORTZCHAIN (SPN), you will need to transfer your BTC from Binance to that specific exchange.
Usually done through a wallet system. to huobi deposit move your mouse over to “Balances” on the top right and click “Exchange Account”. Look for “BTC” from Token section and copy the given “Deposit Address”
To do this part may be a little difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
You have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next, click on the Submit button to begin with the withdrawal process. To proceed with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trade SPORTZCHAIN (SPN)
Now you have to go back to Huobi to buy SPORTZCHAIN (SPN) with the Bitcoins you sent.
Move your mouse over “Spot Trading” and click “Exchange” then you will see trading menu. Look for huobi trade in the left column make sure to select “BTC” pair and in the search bar type in “SPN”.
After you move your coin click on it and now you will see a price chart of SPN/BTC in the middle of the page. Select the “Market” tab as that is the Easiest way of buying orders.
Also, you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy SPN”. Now you own your SPN!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever SPORTZCHAIN gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store SPORTZCHAIN securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your SPORTZCHAIN for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy SPORTZCHAIN with cash?
The answer is No. Because there is no way you can directly buy SPORTZCHAIN with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy SPORTZCHAIN while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase SPORTZCHAIN or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
$SPN Buy and Trade
If you would like to know where to buy $SPN at the current rate, the top cryptocurrency exchange for trading in Sportzchain token ($SPN) are Bitrue, Coinstore and Quickswap. You can also earn upto 100% APY through staking $SPN token on our platform
SPORTZCHAIN – An Overview
SPORTZCHAIN is the world’s first ENGAGE-TO-EARN (E2E) platform for sports fans powered by $SPN. We are building a ‘Digital World For Fans’ offering Sports Tokens (Fan Token 2.0), Watch-To-Earn, Fan Commerce, Gamefi and more.
SPORTCHAIN is poised to capture the Asian sports fan market which holds more than 3.5 billion fans by rewarding them for their fan engagement. Sportzchain is a sports fan-centric platform where the aim is to provide a 360-degree fan engagement approach for sports fans to engage and earn, all powered by our native asset $SPN.
We have built the engage-to-earn ecosystem which encompasses the following interlinked products
*Sports Token – Back your favourite teams by buying their fan tokens, influence them directly and gain financial benefits when the team performs and engages with the fanbase through polls and other engagement avenues
*Watch to earn – Watch live sports games across the world, and earn as a passive watcher or as an active participant
*Fan commerce – Redeem $SPN on sports merchandize, match day tickets and OTT subscription
*NFTs – buy NFTs of your favourite teams including one-of-a-kind phygital NFTs that give you money can’t buy privileges with expanded utility across the Sandbox Metaverse
*Gamefi – Play to earn games where you can earn while participating in sports casual games for football, cricket etc.
In other words, whatever users do on Sportzchain platform and interact & engage with like minded fans will be rewarded with our off-chain tokens (RWRD) that can be then redeemed for $SPN, fan tokens, discounted merchandise and more. So it is time to not just ENGAGE but *ENGAGE and EARN*
Our Current Progress
- Exclusive sports token and NFT partnership with 5+ teams in Cricket and Kabaddi (a renowned sports in India) giving access to 800K fanbase
- In discussion with 10+ sporting teams in Asia across cricket, Football, Rugby, e-Sports
- LOI partnership with SANDBOX (through BRINC) to add metaverse fan engagement for our sports IPs
- Alpha app launched (fans.sportzchain.com) and we made history with doing Asia’s first ever binding polls where fan decided the jersey for their team
- IDO / IEO launch in August & September 2022. Followed by TGE and listing of $SPN on centralized exchanges
- Partnererd exchanges: Bitrue and Coinstore. In discussion with Gate, MEXC, HitBtc, XT, Huobi, Bitmart, Lbank
- More than 50,000 active users on our webDapp – fans.sportzchain.com
SPORTZCHAIN’S mission is to tokenize the membership programs of sporting teams and convert passive fans to ‘Invested Fans’.
What is $SPN Token?
$SPN will act as the engine (or the passport) to our digital world that would empower the fans to get access to VIP privileges, gamifications, contests, content, etc. – all in our platform. In essence, $SPN is a utility asset that acts as a booster for the platform. All activities including buying sports tokens (Fan tokens 2.0) of your favorite team, participating in polls and contests, accessing exclusive and VIP privileges, enjoying ‘money cant buy’ experiences will require you to hold $SPN tokens.
To summarize, with $SPN constituting the core of our platform functions, we believe we will deliver high engagement and attractive rewards for the token holders over the short, medium and long terms. For early adopters of $SPN, we will provide staking programs with up to 40% APY providing passive income for hodlers of $SPN.
The total supply of $SPN is 10 Billion (ERC and Polygon) and expected to be launched on various CEX on or before September 2022. The token distribution is as follows:-
- Pre-Seed Sale – 8.65%
- Seed Sale – 3.35%
- Private & Public Sale – 7.0%
- Teams (current and future) – 19%
- Advisors – 5%
- Community Rewards & Benefits – 10%
- Marketing and Partnerships – 17%
- Liquidity & Platform – 10%
- Treasury & Expansion – 20%
NOTE: At the time of TGE only less than 2% of total token supply will be unlocked.
Our mission is to maintain a circulating supply of not more than 60% by the end of 3 years and have the flexibility of burning and buying back the tokens for the benefit of token holders and having a healthy supply in the market.
Who are the founders of SPORTZCHAIN?
Sportzchain is backed by strong, seasoned professionals who more than a decade long experience across finance, consulting, technology, investment banking and entrepreneurship.
Siddharth Jaiswal – the founder – has over 15 years of experience across finance, blockchain consulting, crypto investing and hands-on experience with various start-ups. He considers this project very close to his heart as he believes its about time the multi billion fan engagement industry is disrupted and the fans get the ultimate power to influence their favourite team decisions and be financially rewarded
Who are the advisors and backers of SPORTZCHAIN?
The founders of SPORTZCHAIN are backed by the who’s who of the blockchain industry in Asia. The advisors backing the project are Mr. Ajeet Khurana, Mr. Sunil Sharma and Mr. Kartik Garg, Mr. Shreyas Kutty, who have more than a decade long experience in the blockchain and cryptocurrency world and they have advised successful unicorn project like Polygon, MakerDao, Zebpay and many more.
Polygon has provided a grant to SPORTZCHAIN and the project is backed by renowned crypto and traditional VCs and investors. The seed round was led by DARQ Capital, SUNiCON, EX-COO Goldman Sachs India, Crypto Camel, Polygon (grant) and was participated by various angel investors from crypto fraternity
What makes SPORTZCHAIN unique?
SPORTZCHAIN is world’s first ENGAGE-2-EARN platform for sports fans. Through this ecosytem the fan engagement will be revolutionized and now fans will not just participate for the entertainment quotient but along with that they will be able to earn passive and active rewards. ENGAGE to EARN philosophy will help us garner not only the interest of WEB3 users but also expand our reach to WEB2 sports fans as well creating significant demand and value for our native asset $SPN.
Our ENGAGE-2-EARN model is completely different from other X-2-Earn models which aren’t sustainable enough for the tokenholders. The rewards in our platform are through RWRD, which is an off-chain token for now and can be redeemed not only for $SPN but respective fan tokens as well as vouchers and sporting merchandise limiting the supply of $SPN in the market.
Further, what makes us different compared to other Sports web3 project is that our fundamental premise is a fan-first approach and are building a fan-centric platform that will open up a new and a ‘never seen before’ world for sports fans.
In summary, we are NOT just a ‘Fan Token’ or a ‘Sports Token’ company – we are more than that.