Chip Chap

Chip Chap

Chip Chap
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

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)

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

  • Web Interface
  • Mobile App
  • API

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 storage

Security Features:

  • SSL

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.

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 c 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
Yes

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