Chivo Wallet 2.4.1

Gobierno de El Salvador – Freeware – Android iOS
out of 2760 votes

Chivo Wallet is the official Bitcoin and Dollar wallet of the Government of El Salvador. It enables Salvadorans to send and receive Bitcoin and/or Dollar without any fees, as well as allowing users to exchange Bitcoin for Dollar or vice versa without incurring any fees. Additionally, Chivo is compatible with other on-chain and Lightning Bitcoin wallets. Moreover, Chivo connects with El Salvador's banking system for depositing or withdrawing dollars from the platform, and with a network of Chivo ATMs for depositing and withdrawing cash. Chivo also offers a business version that facilitates quick and easy payment collection, terminal assignment for employees, and tax payment.

Overview

Chivo Wallet is a Freeware software in the category Business developed by Gobierno de El Salvador.

The latest version of Chivo Wallet is 2.4.1, released on 10/04/2023. It was initially added to our database on 10/04/2023.

Chivo Wallet runs on the following operating systems: Android/iOS.

Users of Chivo Wallet gave it a rating of 4 out of 5 stars.

Pros

User-friendly interface that simplifies the process of storing and sending Bitcoin.
Supports integration with the national Bitcoin system established by the government of El Salvador.
Provides users with a secure way to manage their Bitcoin holdings with built-in encryption and security features.
No transaction fees for receiving or sending Bitcoin within the app, making it cost-effective for users.
Offers a feature to convert Bitcoin to U.S. dollars, which can help users manage their finances more easily.
Encouragement from the government for local businesses to adopt Bitcoin, creating a supportive ecosystem.

Cons

Limited to Bitcoin transactions, which may not meet the needs of users wanting access to multiple cryptocurrencies.
Dependence on internet connectivity could be an issue in areas with poor network coverage.
Some users may experience difficulty in navigating the app due to its unique interface.
Concerns regarding the security of holding digital assets within a government-supported wallet as it raises questions about privacy and control over personal funds.
Potential issues with customer service and support due to high demand and limited resources from the government agency managing the wallet.

FAQ

What is Chivo Wallet?

Chivo Wallet is a digital wallet created by the Government of El Salvador to facilitate the use of Bitcoin and other digital transactions.

Is Chivo Wallet free to use?

Yes, downloading and using Chivo Wallet is free, but transaction fees may apply.

How can I download Chivo Wallet?

Chivo Wallet can be downloaded from the Google Play Store or Apple App Store.

What cryptocurrencies does Chivo Wallet support?

Chivo Wallet primarily supports Bitcoin, but it also allows for transactions in U.S. dollars.

Do I need a bank account to use Chivo Wallet?

No, you do not need a traditional bank account to use Chivo Wallet.

How do I secure my Chivo Wallet?

Chivo Wallet offers security features such as PIN codes, biometric authentication, and backup options to help secure your funds.

Can I make international transfers with Chivo Wallet?

Yes, Chivo Wallet allows for international Bitcoin transfers.

What should I do if I forget my password?

If you forget your password, you can follow the recovery instructions provided in the app to reset it.

Is there customer support for Chivo Wallet?

Yes, Chivo Wallet provides customer support through their official website and app.

How do I receive funds in my Chivo Wallet?

To receive funds, you can share your Bitcoin address or scan a QR code generated by your Chivo Wallet.

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