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Chipper Cash review: score, licensing and risks

66/100SCORE · CMixed record Grade C, fair

Cross border payments app across Africa with crypto attached, used far more for remittances than for trading.

The facts

FOUNDED
2018
HEADQUARTERS
Nigeria
CUSTODY
Custodial.
MiCA / EEA
Not authorised across the EEA.
US ACCESS
No.
PROOF OF RESERVES
No standard proof of reserves publication.
FEES
Typical for a venue of its size. Confirm current pricing on its own site.
ASSETS
Varies

How the score breaks down

regulation14/25
security14/25
costs11/15
assets11/15
platform9/10
support7/10

Each dimension is explained on the methodology page.

Where it is strong and where it is not

✓ Strengths
  • Established venue in Nigeria
  • Local NGN deposit and withdrawal rails
✗ Weaknesses
  • Nigeria focused, so limited use elsewhere
  • Less independent scrutiny than the global majors
  • Smaller asset list and thinner liquidity

Incident history

No major security breach or regulatory action on record.

Our read

Cross border payments app across Africa with crypto attached, used far more for remittances than for trading.
COMPARE
RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.