Chip Chap
- Overview
- Security
- User Experience
Volume 24H: N
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
- BTC
Traditional Currency Support
- EUR
- MXN
- PLN
Language Support
- English
- Italian
- Russian
- Spanish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
Chip-Chap uses encrypted services in order to process transactions in a secure environment, as well as scalability and decentralization resources. They claim to provide a secure platform but for a payment systems aggregator, they don't offer sufficient information regarding their fund storage methods.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | Hot |
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.
Summary:
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.
| Ease of use | Intuitive |
| Transaction Fees | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee | N/A |
| Deposit/Withdrawal Fee For Bank Transfer | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Credit Card | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | It's Free (fees May Be Hidden) |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM)
Functionality:
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.
Most common customer complaint:
— Ambigous rates, lost funds, slow customer service