I recommend not ever using chain in combination with a strap for a snatch type of recovery. Chain stretches more than most realize and stores a good bit of energy all by itself. It can also bind and twist if you are not careful rigging it and break at a much lower load level because of this. If you have it attached to a highly elastic snatch strap this can be a very very bad thing.
If you do have to use a chain (it's still better than running a strap over a sharp edge which is almost certain to cut it), make sure you pay attention to how you rig it and do not get it twisted.
Attaching the strap to the hitch pin in a receiver works. But only for a perfectly straight pull. If you are pulling at an angle there is a high chance of cutting the strap on the mouth of the receiver.
Mark...