Spectrocoin (Spectrocoin) - the most detailed review of the site

With the growing relevance, demand and popularity of cryptocurrencies, a rapid stage of formation of various services necessary for earning digital money, converting it, as well as for short-term or long-term storage began. Gradually, projects focused on one type of service are losing the interest of cryptocoin holders due to the inconvenience of constantly moving between cryptocurrency wallets, exchangers and exchanges where virtual currencies are traded. Universal platforms include Spectrocoin.

Official website – spectrocoin.com

This project cannot be called young, since it has existed for more than 5 years, however, its recent expansion of functionality and reorientation of direction has actively contributed to a stable influx of clients.
Today, Spectrocoin offers clients three service options: storage of crypto coins, fast currency conversion and trading, like on a crypto exchange. The last option is being actively developed and tested. Soon it will become fully available to crypto traders. Let's take a closer look at this interesting, modern and multifunctional project. Let’s analyze all the most important nuances related to the Spectrocoin platform. Review: How to buy cryptocurrency in 2019.

Briefly about the Spectrocoin project

To the community interested in digital currencies, Spectoroin was previously known as a narrowly focused online exchanger and crypto storage facility. All operations were carried out exclusively with the participation of Bitcoin.

A couple of years later, Spectrocoin developers actively began to improve the platform and expand the most promising functions that were in demand by the crypto community. The set of tools was improved, innovative technologies were introduced, and an optimal connection between fiat currencies and electronic money was gradually created. Other top cryptocurrencies and promising altcoins were added.

Now
the Spectrocoin crypto wallet is an original, rapidly developing, universal platform for manipulating cryptographic coins. All the necessary functions are qualitatively combined in one place.

Last news

In 2022, it became known about the creation of the Bankera project, which is the first blockchain bank.

The digital bank will provide “traditional” services, for example, issuing loans.

At the same time, the company’s activities are related to both digital currencies and fiat.

At the end of November, representatives of the project announced that they were starting to launch an ICO on the Spectrocoin platform. Through SpectroCoin, bank clients had the opportunity to be the first to try the services and products offered, including the purchase of BNK tokens.

In January 2022, information appeared that in Lithuania it had become possible to purchase land plots for digital currency.

Plots in the city of Auriai, located near Vilnius, can be purchased for bitcoins or altcoins.

It is known that transactions will be carried out through SpectroCoin.

Features of Spectrocoin

The multidisciplinary service Spectrocoin has many distinctive qualities . Let's look at the most important features.

There are a lot of financial assets for carrying out all kinds of transactions: five types of electronic coins and 24 fiat currencies, plus the precious metal gold. More than 20 options for depositing and withdrawing funds.
Tools for almost every business. The main emphasis here is on the introduction of payment with cryptocurrencies for services, bills, payments, goods, etc. For this, a special, well-protected program is used, installed via API, or e-commerce plugins.
The Spectrocoin prepaid card is an analogue of classic bank cards such as VISA, UnionCard or MasterCard. It is accepted virtually all over the world. Explanation! After registration in your personal account and acceptance of the application, the physical card (plastic) is delivered within 25-29 days. The virtual payment instrument is activated in 12-18 hours!
Unusual but necessary functions, for example, the transaction of fiat funds to a crypto wallet account with automatic conversion to bitcoins.
Direct payment for some services directly from Spectrocoin Wallet - international purchases, mobile communications, etc.
A functional application designed for mobile devices. You can easily transfer, convert funds, and a little later make money by exchanging Bitcoin.
Issuance of a voucher intended for depositing a certain amount until demand.
Very high quality, detailed information and educational materials and instructions. It’s easy to understand the functionality and quickly explore all the capabilities of the service.

restrictions

If you wish to use the SpectroCoin card, special restrictions apply. The first limitation is that you can only hold a maximum of $10,000 to $2,000 at any given time. You can withdraw your loan from ATMs twice a day and optimally in the amount of $100. However, there are no such restrictions on using the card in a store or online. It's easy to deposit money onto your card. SpectroCoin is quite flexible in this regard. You have the option of receiving funds from a savings account and payment services such as PayPal.

Advantages of Spectrocoin

The project managers and developers strive to increase the number of clients, so they are making the right decisions, qualitatively developing the Spectrocoin blockchain wallet. Users working with crypto coins prefer it because of its important features and positive qualities.

The advantages of the universal Spectrocoin platform, in addition to its unique characteristics, include:

High-quality Russified interface. Even beginners will be able to get used to this service quickly.
There are no state-territorial restrictions. The site is accessible to everyone.
Possibility of ordering a Bitcoin card. It allows you to withdraw funds from ATMs, pay for services or various goods.
Convenient mobile applications for all modern devices (tablets, iphone, etc.).
Excellent reliability of the crypto wallet.
Instant execution of conversions and transactions.
Earnings from partnerships. Reward from 10% on transactions on the service performed by attracted companies or individual users.
Small commission percentages on transactions or exchange operations.

Referral program Spectrocoin

Another opportunity to earn money, expanding the capabilities of your crypto wallet, take training. You can invite users to the system, and after certain conditions are met, you will receive 10% from each paid operation performed by them. Taking into account the small commission of the wallet itself, it may seem that this is too little income, but you don’t need to do anything for this, so it’s worth using the Spectrocoin referral program.

Flaws

Since the site is constantly developing and improving, all significant disadvantages are immediately eliminated by specialists. Today, users highlight only 3 relatively insignificant negative qualities inherent in Spectrocoin:

There are a lot of negative impressions about this cryptocurrency wallet on the Internet. These are probably old reviews that were left by users during times of active restructuring of the service. Today there are no serious problems here.
There are 5 cryptocurrencies in total. Yes, the virtual money that the site supports is not enough, but all these cryptographic currencies are the most famous, popular and in demand.
Some people are disappointed by the focus of the online crypto wallet on Bitcoin. This is also a strange negative, given the absolute leadership of bitcoin, which “rules” the entire world of digital money.

Review

Name	Spectrocoin wallet
Came out	2013
Wallet type	Internet, mobile, hot wallet
Price	Free
Supported Platforms	Linux, Windows, macOS, Android and iOS
Supported Cryptocurrencies	12 cryptocurrencies, including Bitcoin, Dash, Ethereum, Ripple and others.
Mobile support	Yes

There are many cryptocurrency wallets on the market today. However, to figure out which one is best for your needs, you'll need to learn more about each one.

The Spectrocoin wallet is an easy to use platform with an intuitive interface. It is a secure online platform that offers a convenient way to buy and sell Bitcoin and other assets.

But is the Spectrocoin wallet a safe and secure choice?

In this article, we will give you a detailed guide to the Spectrocoin wallet and its general aspects. Let's look at this Spectrocoin Wallet Review in detail now.

Registration on the Spectrocoin website

A very clear, fast procedure for registering a virtual storage. Just seven basic steps to register on the Spectrocoin website :

Go to the main page of the service (spectrocoin.com/ru).
Click on the “Login” button.
Activation of the “Registration” line.
Filling out the fields in the registration form (password and email twice).
Captcha solution.
Clicking the “Register” button.
Follow the control link provided in a special letter.

There is a second registration option. It's even simpler. It is possible to quickly register a multifunctional wallet using an account on Google or the social network Facebook.

REGISTRATION AND VERIFICATION

In general, the registration process here is quite simple, and it will not take much of your time. You just need to fill out the registration form, but you need to do this with absolutely real data.

METATRADER BITCOIN

As for verification, it is also relatively simple. To do this, you need to send scans of your passport pages to the service specialists and take a photo with your passport in your hands. If everything is ok, then your account will be verified within a few days.

Primary account settings

It is not advisable to use the Spectrocoin service immediately after registration. You need to enter some data and perform initial authorization settings.

Step-by-step action plan:

In the top right (silhouette of a man), open the drop-down menu and click on “Verification”, and then on the “Account Settings” button.
Fill in the fields: last name, first name, profile type, country, mobile phone number and data for the security question.
Click "Update Profile".
The system will send a secret code to your email. It is entered into a special field in the window that opens.

The Spectrocoin account and two-factor authentication (2FA) setup is complete.

Spectrocoin fees and limits

Spectrocoin is a wallet that is free to download with any payment. Crypto transfers to other Spectrocoin wallets are also free. However, they charge a network fee for outgoing transfers to non-SpectroCoin wallets and exchanges.

They vary greatly and depend on the type of coin and the transaction amount. Credit card purchases incur an average fee of 5.5% of the transaction amount. SEPA bank transfers to wallet are free, but the fee for electronic transfer is 2-3% of the transaction amount.

Spectrocoin account replenishment

You can deposit different funds into different crypto wallet accounts:

Cryptocurrencies. There are internal wallets for the main digital coins: bankera (BNK), bitcoin (BTC), NEM (XEM), dash (DASH), ethereum (ETH).

In addition, replenishment is allowed with another 37 types of virtual money, which will be automatically converted into the main cryptocurrency specified when filling out the application. Here you can enroll monero (ticker XMR, Monero), omisego (OMG), aragon (Aragon, ANT), ethereum classic (ETC stock symbol, classic Ethereum), dogecoin (DOGE), komodo (KMD), etc.

Fiat funds. Spectrocoin provides accounts for the euro (EUR) and the dollar (USD).

Precious metals. So far only gold (XAU).

You can also use a special voucher issued in Spectrocoin.

Attention! The importance of verification should be considered. If identity verification is not performed, then the 2nd and 3rd options will not be available!

Previously, a wide choice of methods for depositing fiat currency was noted - SEPA transfer, currency cards and electronic money from payment systems.

To deposit funds, you need to perform the following manipulations:

In your account, click on the “Deposit Funds” button.
Select the transaction method and specify the specific currency.

Then there are three possible ways:

Rewrite the address of the cryptocurrency wallet and use it when making a transfer from an external, some other crypto storage or address.
Enter data for fiat currency transfer. In addition, for the euro or dollar, you will need to indicate the type of cryptocurrency into which the funds will be automatically converted. It is recommended to use a Bitcoin wallet.
Indicate the voucher number and enter a special code.

All that remains is to confirm the operation.

Article: How to buy bitcoins in 2022 for rubles.

How to use the service functions

After completing the registration procedure, you will have access to your personal account, wallets, exchange, functions for depositing and withdrawing funds, cards, and trading projects. Let's look at each option in more detail.

Wallets

The service provides 9 types of currency storage:

BTC;
EUR;
USD;
XAU;
DASH;
RUR;
ETH;
BNK;
XEM.

In each of the wallets you can control your finances. There is information about the balance, buttons for depositing and withdrawing money, buying and selling currency, and transaction history. Crypto wallets contain a unique address consisting of a generated set of 34 Latin numbers and letters. You can create a report and download it in CSV or PDF format.

Storing crypto coins in the Spectrocoin wallet

After registration manipulations and settings, you can transfer virtual money to your accounts. Fiat funds are automatically converted into the cryptocurrency specified during the transaction if verification is not carried out.

So, the following online wallet options are available:

BTC - for bitcoins;
DASH - dash coins;
ETH - for Ethereum;
BNK - banker account;
XEM - storage of nem crypto coins.

Also registered clients who have confirmed their identity are provided with wallets for gold, euros and dollars.

Storing existing capital is easy. Each wallet currency has a separate account (it is also an address) to which funds are transferred. From here, funds are debited when paying for something or during transactions to other cryptocurrency wallets.

Important! When you submit an application to replenish your account, you must carefully copy the wallet addresses, otherwise the currency will be lost forever!

Currency exchange and withdrawal of money

After your account is replenished, you can proceed directly to why you came to the SpectroCoin exchange, in other words, to exchange currencies. Everything is simple here too. Find the required section (“currency exchange”), select the coins to exchange and those you will exchange for (for example, you decided to exchange dollars for bitcoins), and also determine the amount. Then click “convert” and that’s it. A certain amount of US currency will be debited from your account, and in return you will be credited with a certain amount of BTC.

Now all that remains is to withdraw the purchased money to your personal wallet. In the “withdrawing money” section, indicate exactly where you want to move your funds and then follow the instructions. The project provides 9 withdrawal methods.

Exchange operations on the Spectrocoin website

Conversions are made in the “Exchange” tab, the button of which is located in the top horizontal menu.

There are two modes of operation - selling or buying. Essentially, these two financial transactions culminate in an exchange of assets. You should select a currency, indicate the action (“Buy” or “Sell”) and fill in the following fields in a special block:

Fiat or virtual currency account number. Possibly the XAU storage address.
Enter the amount.
Mark the wallet into which the funds received as a result of the exchange will be credited.
Click on the button to confirm the action.

Nuance! Before purchasing any currency, it is necessary to open an account for it in order to obtain an address. If transactions are carried out using bank cards, then they must be “linked” to your account in your personal account. This is done in your account settings!

Article: Reliable Bitcoin exchangers with low commissions.

How to top up your account?

There is such a tab in the menu - “depositing money”. This is exactly what you need to use in order for your balance to be replenished. When the tab opens, you will see several options for further action. If you plan to deposit any of the cryptocurrencies into your account, then click the appropriate button (“enter DASH” or “enter BTC”). Replenishment through payment systems or from a bank card is carried out by clicking on “replenish wallet”.

To enter digital money, the system will generate you a wallet to which you will send the required amount (it can be any, but it must be higher than the minimum allowable). There will be several network confirmations before the coins are credited to your account.

To transfer funds from a card or from any payment system, there is a special form that you need to fill out, choose how the payment should be made, in short, just follow a series of simple steps.

Withdrawal of funds

The Spectrocoin service allows you to withdraw fiat and crypto money from your wallet. The application is completed at: section “Account” → tab “Withdraw money”.

To withdraw bitcoins or altcoins you need to do the following:

Click on the “Withdraw BTC” button.
Specify an account with coins or satoshi bitcoin. Perhaps another desired digital currency.
Enter the commission percentage yourself. The higher it is, the sooner the order will be executed.
Enter the recipient's address (what is a Bitcoin address).
Enter the transaction amount.
If required, add a small accompanying message.
Click the “Withdraw” button.

With fiat currencies it’s even easier:

Select the withdrawal method (payment system, card or SEPA).
Mark the withdrawal account.
Enter the transfer amount.
Assign a recipient account.
Click on the “Withdraw” line.

Article: How and where to sell Bitcoins in 2022.

History of creation

Work began at the end of 2013. The company was registered in two countries - Great Britain and Lithuania.

The developers were faced with the task of creating a platform that would provide its users with the most convenient and profitable exchange of digital currency for fiat currency, and vice versa.

In addition, SpectroCoin offers a number of other services to clients:

Multi-currency wallet SpectroCoin .
Issuance of a virtual or debit SpectroCoin for payments and cash withdrawals.
Exchange service.
Cryptocurrency exchange SpectroCoin (under development).

Claims Spectrocoin is stealing customer funds

When you check reviews on Google, you will find 12 very positive reviews about this company. We're starting to question the legitimacy of these reviews, given that complaints about this company have increased elsewhere on the Internet.

There are several forums where Spectrocoin is discussed. If you look at independent user reviews, you will only come across horror stories of people who either lost time with this company or money as a result of theft.

It should be noted that anyone can use different IP addresses to write reviews on Google using pseudonyms. This may give the impression that the company is being vetted by different people. Of course, the culprit would rate it at least 4 and sometimes 5 stars. This is an old trick that we know well.

So, what happened to the customers who reportedly lost funds in the hands of this company? Well, they claimed that they were blocked from further communication with this company.

Surprisingly, Spectrocoin never came forward to defend against these claims. What professional company do you know would sit back and do nothing while people make one accusation after another?

How to send crypto assets using Spectrocoin?

Step 1: Login to your SpectroCoin wallet and click “Send” icon.

Step 2 : Then select the cryptocurrency you want to send

Step 3: In the transfer window, enter the recipient's wallet address.

Step 4: Next, enter the amount of cryptocurrency you want to send.

Step 5: Make sure the transfer details are correct and click Submit .

Register and verify

If we are talking about registration, then there is nothing complicated, and the process is not much different from other companies. You will need to go to the “registration” section on the exchange’s website, where you will need to provide information about yourself in the appropriate form.

You should not be afraid when providing truthful information about yourself, because you will still have to go through the verification process. There is nothing complicated here either... You will need to send scans of your passport, after which your data will be checked within 2-3 days!

Article - Trading on a cent account

I definitely recommend sending scans, not photos, so that there are no problems later. In addition, I recommend going through verification as quickly as possible so that you can forget about it and not worry about it. Again, there is nothing complicated here, just do what is asked of you.

Lending terms

The procedure for obtaining a loan on Bankera Loans:

Create an account and go through the verification process. KYC/AML verification involves providing ID details.
Top up your account with cryptocurrency, which will be used as collateral.
Submitting a request to create a credit line.
Selecting suitable conditions. The minimum loan amount is 25 euros and the maximum is 1 million euros.
Waiting for application approval.
Receiving credit funds using the specified details.

Transferring funds takes on average one business day if carried out in fiat. In cryptocurrency, you can get a loan instantly. Currently, all loans are accounted for in euros. That is, if you took 100 euros, then you must repay 100 euros, plus interest. However, the loan can also be obtained in cryptocurrencies or tokens - BNK, USDT, BTC, ETH, XEM and DASH. The amount in this case is taken into account in the equivalent of euros.

There are three main types of lines of credit on Bankera Loans:

6.95% per annum, LTV 25%. Only this option supports the possibility of collateral in NEM and Dash.
9.95% per annum, LTV 50%.
12.95% per annum, LTV 75%.

Interest rates are based on the absence of the BNK token. Using this token, it is possible to reduce the interest rate by 3%, that is, it will be for each credit plan: 3.95%, 6.95% and 9.95%, respectively.

The standard loan duration is one year. If it is not repaid during this time, it will be extended for another year, at a higher rate. Early repayment is also allowed; there are no penalties for this.