Chip Chap is a service that allows users to exchange their money in less than 10 minutes. With the Swift app feature, any user can purchase or sell Bitcoins. The service is available in almost every country in the world. They also partnered with several ATM network providers so users can exchange fiat currency for Bitcoin more conveniently.
Chip-Chap offers a clean and simple user interface. The service can be used by anyone wishing to buy or sell Bitcoins around the world. The platform uses advanced technology which results in cost savings and a range of new possibilities for cryptocurrency trading.
Crypto Currencies Support
Traditional Currency Support
- Euros (EUR)
- Mexican Peso (MXN)
- Polish Zloty (PLN)
- European Union
- Hong Kong
- Most Africa
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Russian Federation
- United Kingdom of Great Britain and Northern Ireland
- United States of America
- Web Interface
- Mobile App
Chip Chap security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Legal Registration or Compliance:
- KYC/AML Compliant
Chip-Chap was founded by Vicent Nos Ripolles in 2015. The company is located in Spain and provides a simple tool that allows its users to convert payments between apps in a convenient and safe way. Chip-Chap and Bitchain merged to create the largest network of Bitcoin ATMs in the world.
The Spanish company offers several innovative payment services for Bitcoin, like the POS App and operates through a widespread network of ATMs in Europe and South America, but unfortunately they provide very little information about fund storage methods and are not very transparent about the fees they commission for their services.
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The Chip-Chap platform offers several tools that facilitate payment conversions between them. The first is the Swift App, which allows users to make quick exchanges between different payment methods. The second is the Chip-Chap POS which allows merchants to accept Bitcoin payments, and the third is the Commerce Panel which offers management services, products, and reselling.
Ambigous rates, lost funds, slow customer service