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SpectroCoin wallet review

Intuitive Ease of use, High Privacy, Wallet platform Private Keys Stored
  • Overview
  • Security
  • User Experience

Developed by Spectro Finance Ltd, SpectroCoin Wallet is part of a platform that incorporates payment processing services and a Bitcoin exchange. SpectroCoin offers the option of issuing prepaid Bitcoin debit cards, denominated only in USD, EUR and GBP. These cards can be used at a vast ATM network around the world.

SpectroCoin Wallet offers similar functionalities with the other debit card paired wallets, but it's distinctive through the API and other integration tools provided not only for the wallet, but also for the exchange, debit card and merchant payment processors (compatible with popular Ecommerce platforms such as OpenCart, PrestaShop, Magento, Drupal and WordPress).

Company / organization behind the wallets

Spectro Finance Ltd is an UK based company that provides four core BTC related products: exchange, wallet, prepaid card and payment processing. In 2017 it has been in the news with the Roadmap presented for a new product (Bankera - a digital bank), but also for the impressive number of complaints towards the legitimacy of the SpectroCoin Wallet and the business itself.

For its mobile version, SpectroCoin Wallet allows 2FA, while the option of setting up a security question/answer for further protection is available for both mobile and web. However. Users have limited control over their assets with this software. SpectroCoin holds the users private keys and offers little to no information about the storage methods they use.

SpectroCoin Wallet allows users to easily buy, sell, send, receive and exchange Bitcoin through its simple interface. It also allows a some more developed functionality that for merchant and advanced users.

Summary:

SpectroCoin Wallet platform has all the makings of a comprehensive service endeavoring to make Bitcoin usage and spending as simple as possible for the everyday user. The lack of transparency regarding the storage of private keys as well as the notable amount of scam complaints have severely tarnished its reputation.