75

SpectroCoin Review

Platforms:
Website: SpectroCoin.com
Pro: Instant Bitcoin exchange
Con: Deposit needed in order to buy Bitcoin
Supported Countries: 150+ countries and 30+ currencies supported
Bitcoin Trading: Yes
Encryption: SSL
Fees: Moderate
Supported Payment Methods:
Languages: English, Russian and Lithuanian
Company Location: SpectroCoin is located in London

Company Information 

SpectroCoin is a complete Bitcoin solution for traders and investors. This cryptocurrency company offers a complete range of BTC products and services, including buying and selling of Bitcoin, as well as a BTC e-wallet.

The company was established to make financial transactions as easy as possible.

The business development division of SpectroCoin is located in London, England, and the product development division is located in Vilnius, Lithuania. SpectroCoin is owned and operated by Spectro Finance Limited, and has been featured in CoinDesk, Founders Grid and 15 Minute IT among others.

 

How does SpectroCoin work?

SpectroCoin offers a range of products and services to clients. These include the buying and selling of Bitcoin, a Bitcoin e-wallets, and Bitcoin debit card. Other services include integration tools and various merchant projects. To get started with Bitcoin-related services, clients can click on ‘Buy Bitcoin’ or ‘Sell Bitcoin’. The registration process requires clients to enter their email, password and accept the terms and conditions. Other ways to sign up include Facebook or G +. Once you have registered an account, you can easily trade cryptocurrency, or apply for your very own SpectroCoin BTC debit card. These prepaid cards can be used at ATMs worldwide just as you would use a typical bankcard. Clients have the option of GBP, USD or EUR denominations.

Who should use SpectroCoin

Anyone who has an interest in buying, selling, or storing Bitcoin will find the services offered by SpectroCoin much to their liking. The easy to use platform explains exactly what SpectroCoin is, and how you can use the secure services provided by this company to buy and sell BTC. All transactions can be conducted direct through your bank account as well as several other secure payment options. Since you don’t need to download any software to get started, you can receive BTC direct to your e-wallets. As a merchant, SpectroCoin offers a secure way to accept cryptocurrency payments.

Exchange Rate & Fees

in terms of fees and limits, SpectroCoin charges different amounts based on the deposit method used. For example, Visa, Visa Electron, MasterCard, Maestro, Visa debit and V Pay transactions are associated with a 5.50% fee and a daily limit of €1000, a weekly limit of €3500-€6000 and a monthly limit of €15,000. Other options are associated with different limits, depending on your preferred payment processing option. A full range of fees and limits is found by clicking on the fees and limits tab. As far as withdrawals go, you can access a wide range of withdrawal options at SpectroCoin, such as Hrvatska Posta, Skrill, Hellenic Post, Perfect Money, Albania Posta and OKPay. The rates that you pay on BTC transactions are dependent on the prevailing exchange rate of your fiat currency with BTC. SpectroCoin has listed the average Bitcoin exchange rate for multiple currencies, and even features charts to show the price movements over time. Your exchange rate & fees will depend on the prevailing rates based on supply and demand considerations.

Deposit Options for the different locations

a wide range of deposit options is available, including country specific options and general deposit options. These include Visa, MasterCard, Maestro, VPay, Nordea, SEB, SwedBank, Danske, DNB, Swift wire transfer, GBP deposit, Sofort banking, GiroPay, DNB, ING, ASN Bank, Sofort Banking Italy, Sofort Banking Germany, SEB Lithuania, Perfect Money, Neteller, Skrill, QIWI for Romania, PayPost for Lithuania and PaySafeCard.

How easy is it to use SpectroCoin ?

It’s easy to use the services offered by SpectroCoin. You can deposit or withdrawal quickly and securely by using a wide range of payment options on site. You can even send currency at the click of a button. Once you have completed the registration process, you can open a digital wallet, store your BTC, or send it to merchants, friends, or family.

Is SpectroCoin  safe and reliable?

The company is fully regulated by the Republic of Lithuania. It is also compliant with European Union directives. The company’s services are compliant with all security data protection standards and AML (anti-money laundering) requirements. SpectroCoin makes clear that Bitcoin is not a regulated cryptocurrency. It is not controlled by central banks or governments, and is managed solely by an open source peer to peer network.

Trading Platform/Software

SpectroCoin offers clients a fully mobile BTC e-wallets. It is downloadable from the window store, the App Store or the Google play store. This allows for trading on the go on all Windows, Android and iOS devices. It is 100% secure, comprising secure socket layer technology and advanced encryption and authentication. 99% of digital currency at SpectroCoin is protected in off-line storage to safeguard funds. The blockchain wallet makes it easy to send/receive BTC and other cryptocurrencies on the go. With the BTC wallet API, clients can perform multiple functions such as buying and selling of cryptocurrency, making mass payments, checking balances and sending/receiving BTC. The platform is sophisticated and secure.

How long does it take to purchase a bitcoin with SpectroCoin?

Provided you have the funds available in your accounts, you can instantly purchase Bitcoin at SpectroCoin.

SpectroCoin Customer Support

Getting in touch with customer support is really easy. There are several ways to get in touch, including email (helpdesk@spectrocoin.com), telephone (+44 (0) 203-769-5474), and the snail mail address at Spectro Finance Limited in London. Clients can also complete the online form and send a message to customer support. It can take up to 24 hours for a response.

Special Features

 

  • BTC debit card
  • BTC merchant projects
  • BTC integration tools
  • BTC wallet

 

Clients Feedback

SpectroCoin has received a rating of 5.2/10 on TrustPilot from 10 reviews. 50% of the reviews are 1 star ratings, 40% of reviews are 5 star ratings, and 10% of reviews are 3 star ratings.

Bottom Line 

This Lithuania licensed BTC platform offers a wide range of services. It delivers a user-friendly interface with maximum functionality. While user reviews have been mixed, we have found the services of this Bitcoin platform to be credible and reliable.

Final Thoughts
Pros
  • Bitcoin Debit Card Available
  • Instant Bitcoin exchange
  • All-in-one solution for Bitcoin
  • Range of support languages available
Cons
  • Deposit needed in order to buy Bitcoin
  • Identity verification is required for certain operations