Spectrocoin
- Overview
- Security
- User Experience
Volume 24H: N
Spectrocoin is a digital asset exchange platform that offers fiat and virtual currency exchange support for more than 30 currencies. The exchange is very flexible regarding the deposit and withdrawal methods, users can deposit or withdraw with services like Skrill or OkPay. The Lithuania-based company aims to be one of the most popular global exchanges, offering a wide range of Bitcoin solutions.
The platform is very easy and intuitive to use, even for a person who has never had any previous experience with cryptocurrency exchange platforms. The design is sleek and modern and the functions work smoothly.
Crypto Currencies Support
- BTC
- DASH
- ETH
Traditional Currency Support
- AUD
- CAD
- CHF
- EUR
- JPY
- PLN
- RUB
- USD
- ZAR
Language Support
- Arabic
- Chinese
- English
- French
- Japanese
- Korean
- Lithuanian
- Slovenian
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- 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
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
SpectroCoin reserves the right to restrict users' access to the wallet and/or to terminate it, if they determine the user violates their"Acceptable Use Policy", other policies, anti-money laundering laws, or other applicable laws. The company states that most users' funds are secured in cold wallets but don't offer further information on this matter.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
SpectroCoin Ltd. was incorporated in the UK in 2014, but also has a operational offices in Lithuania. SpectroCoin offers four core products for its clients: A prepaid debit card, an exchange, an electronic wallet, and merchant tools. The founders are Vytautas Karalevi?ius, Mantas Mockevi?ius, and Justas Dobiliauskas. There have been many news reports questioning the legitimacy of this company.
Summary:
Although this is a very popular exchange platform, offering lots of perks and features, users should be aware about storing large amounts of fiat or cryptocurrency in SpectroCoin's wallets since there have been numerous user accounts suspended or cancelled on questionable grounds.
| Ease of use | Intuitive |
| Transaction Fees | Between 0-20% |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | 1.1+ |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 2.5% - 7% |
| Anonymous Trading | No |
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 through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto, Mobile Top Ups; Gift Cards
Functionality:
SpectroCoin offers the option of issuing prepaid Bitcoin cards, denominated in USD, EUR, and GBP. These cards can be used at a vast ATM network around the world. Also this platform offers merchant e-commerce integration through it's API and plugins. The platform has its own proprietary secure wallet service, offering users a suite of integrated services for cryptocurrency/fiat management.
Most common customer complaint:
— Some users have complained of account termination, after which it was impossible to retrieve their funds.