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SpectroCoin Review

Last Updated on April 18, 2024

James Headshot
Written by
Adam Headshot
Edited by
SpectroCoin logo
3.74
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit SpectroCoin

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

SpectroCoin stands out as an innovative and user-centric cryptocurrency exchange platform, with services that extend far beyond typical exchange offerings to meet the needs of crypto traders and business clients alike. It has cemented itself firmly into the ever-expanding cryptocurrency realm.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers a variety of cryptocurrencies for trading
  • Provides a user-friendly interface
  • Supports multiple payment methods for deposits and withdrawals
  • Includes a built-in wallet for storing cryptocurrencies
  • Offers additional financial services beyond exchange features

Cons

  • Higher fees compared to some other exchanges
  • Limited information on security measures
  • Customer support can be slow to respond
  • Has a smaller user base than leading exchanges
  • The platform's liquidity may be lower than larger exchanges

Quick Summary

Headquarters Location Vilnius, Vilniaus, Lithuania
Fiat Currencies Supported USD, GBP, EUR
Total Supported Cryptocurrencies 57+
Trading Fees 0.1% - 0.2%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Skrill, Neteller, Advcash, Payeer, Perfect Money
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

At the forefront of digital currency revolution, SpectroCoin stands out among a competitive cryptocurrency exchange market by providing comprehensive services that go beyond trading alone and cater to a diverse clientele with different needs within crypto ecosystem.

SpectroCoin homepage

As the digital landscape continues to develop, SpectroCoin stands out as an innovative force, shaping the cryptocurrency market with its offerings. It serves as an accessible portal that facilitates users in understanding digital finance while emphasizing seamless transition from traditional monetary systems into the burgeoning realm of cryptos for euros.

This comprehensive cryptocurrency platform not only facilitates instantaneous exchanges but also enriches the ecosystem with additional features that foster an environment in which convenience meets modern financial needs.

About SpectroCoin

SpectroCoin, established in 2013, has steadily built a strong presence and expertise in cryptocurrency trading and financial services since first starting out as a Bitcoin exchange. Today it offers access to numerous cryptocurrencies as well as financial products.

Through years of growth and adaptation to an ever-evolving digital currency market, BNB Bank has proved itself capable of staying abreast of innovation.

SpectroCoin features

Since its creation, SpectroCoin has demonstrated remarkable resilience and adaptability by weathering the ups and downs of a volatile cryptocurrency market. Their history connects with many significant moments within cryptocurrency, such as adopting Bitcoin as a legitimate payment method or including Paxos Standard among their offerings.

These achievements demonstrate the exchange’s dedication to providing its users with access to a diverse selection of cryptocurrencies.

SpectroCoin has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and YouTube.

SpectroCoin has a mobile app on both the Apple App Store and Google Play.

SpectroCoin Supported Cryptocurrencies

SpectroCoin supports trading on over 57 cryptocurrencies on their platform. This exchange currently supports 21 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies SpectroCoin supports

Trading Experience

SpectroCoin strives to offer an enjoyable trading experience free of unnecessary complexity. By emphasizing user-friendliness, SpectroCoin provides tools and features designed for both novice and veteran traders alike.

At its platform, they facilitate efficient trading with an accessible user interface and robust application that can be found in respective app stores.

SpectroCoin provides an engaging trading experience tailored to both novices and advanced traders alike, featuring an impressive roster of features that enable users to effectively engage with cryptocurrency trading. Their platform is designed for swift yet intuitive interaction with the market while accommodating diverse trading strategies from its user base.

Crypto loans provide users with flexibility in managing their portfolio of cryptocurrencies.

SpectroCoin exchange marketing

SpectroCoin Fees

SpectroCoin provides its users with a pricing structure tailored to meet the various transactional needs they may have. Its fee model takes into account various aspects and ensures costs align with services like withdrawals, deposits and currency conversion.

Though specifics may vary, the goal should always be to strike a balance between competitiveness and value provided.

SpectroCoin stands out in the competitive cryptocurrency exchange landscape by maintaining a fee structure that recognizes its clients’ financial requirements, such as maximum balance restrictions. Meanwhile, it still offers an extensive list of features. Furthermore, users enjoy advanced trading tools and services while transaction costs (deposit fees for credit cards or major cryptocurrencies) remain proportional with how often these services are utilized by users.

Type Fee
Deposit Fee (Bank Transfer) 0% - 0.10%
Deposit Fee (Credit/Debit Card) 2.99%
Trading Fee 0.1% - 0.2%
Withdrawal Fee (Bank Transfer) 0% - 15%

SpectroCoin supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0006 BTC. The average across all other exchanges that we've reviewed is 0.000415 BTC. This means SpectroCoin charges above the industry average by 44.43%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Security - Is SpectroCoin Safe?

Regulation and security are of utmost importance in any financial service, and SpectroCoin is no different. They have implemented stringent protocols to protect client assets such as advanced authentication methods and compliance with relevant financial regulations – to create a safe trading environment.

Protecting client assets is of utmost importance for SpectroCoin, evidenced by their stringent application code security and electronic wallet protection measures. Furthermore, their advanced authentication methods offer advanced protection from unauthorised access or potential breaches.

This comprehensive approach to security not only protects transactions but also reinforces trust between users of the platform.

SpectroCoin Customer Support

SpectroCoin prides itself on providing excellent customer service, with its dedicated customer support team always on standby to assist with any inquiries or resolve issues promptly and efficiently – to create a pleasant platform user experience.

Recognizing the importance of user support, SpectroCoin extends its commitment to exceptional service through a dedicated customer support team. This team excels at handling any concerns that may arise from minimum deposit requirements to issues surrounding Bitcoin and Ethereum transactions.

Customer service at the company emphasizes the significance of maintaining open and productive dialogue with its clients.

SpectroCoin support

SpectroCoin Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on SpectroCoin

  1. Create Account - Visit the SpectroCoin website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Skrill
  • Neteller
  • Advcash
  • Payeer
  • Perfect Money

SpectroCoin Alternatives

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3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

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Kraken logo

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Reviewing SpectroCoin’s offerings and capabilities reveals its deep knowledge of its client base. Offering services ranging from multi-currency wallets to merchant solutions makes SpectroCoin more than just another trading platform.

SpectroCoin FAQs

SpectroCoin is a cryptocurrency exchange platform offering a wide spectrum of services including an online wallet for cryptocurrencies like Bitcoin and Ethereum, as well as a multi-currency wallet for fiat such as the euro. Users can deposit and withdraw funds using various payment methods including bank transfers, credit cards, and debit cards.

Transactions can also be conducted using an array of cryptocurrencies. The company provides a SpectroCoin Wallet application available in respective app stores that allows clients to manage their digital currencies and cryptocurrency credits.

Additionally, SpectroCoin provides a merchant solution, enabling businesses to accept payments in Bitcoins and other major cryptocurrencies. For crypto traders and platform users, SpectroCoin offers tools like instant exchanges and withdrawal options, with detailed information on service fees and withdrawal fees.

To withdraw money from SpectroCoin, users need to access their online wallet via the SpectroCoin application or website. After logging in with their personal details, they can choose the withdrawal option in their account dashboard to transfer funds to external wallets, bank accounts through bank transfers, or convert their cryptocurrency holdings into fiat currency for withdrawal.

It’s important to review the withdrawal fees and any minimum deposit requirements. The SpectroCoin Wallet supports a range of withdrawal methods, including direct withdrawals to debit cards or credit cards and transfers to bank accounts.

Users should also ensure that all verification processes are complete and that their account meets the maximum balance criteria for withdrawal. SpectroCoin may also offer withdrawal options related to cryptocurrency credits and crypto loans.

SpectroCoin offers services to a wide range of countries, providing an online wallet, cryptocurrency exchange services, and merchant solutions across various jurisdictions. To determine if SpectroCoin supports a specific country, users should review the platform’s terms of service or reach out to customer service for confirmation.

Platform users must comply with the regulatory requirements of their country of residence, including providing personal details for account verification and adhering to fiat currency restrictions such as euro or Pound sterling transactions.

The SpectroCoin debit card, which allows users to spend their cryptocurrency holdings as fiat currency, may have limits on the maximum balance that can be stored as well as daily withdrawal limits from ATMs. These limits are imposed to comply with regulatory standards and to ensure the security of transactions.

Users should check the latest information on the SpectroCoin website or directly within the application for the most up-to-date limits and any associated service fees. It’s also important to note that upon card activation, users may be subject to initial limits which can be adjusted as they complete further verification processes and as their relationship with the company evolves.

As of my last update, Vytautas Karalevičius was known as the CEO of SpectroCoin. He is one of the co-founders of the company, which has aimed to provide a variety of blockchain-based financial services, including its cryptocurrency exchange and wallet services.

For the most current information, please refer to the official SpectroCoin website or the company’s latest press releases.

To verify your SpectroCoin account, you will need to complete a series of steps which typically involve submitting personal details and documentation that confirms your identity. This may include providing a government-issued identification card, a selfie for facial verification, and sometimes additional documentation such as proof of residence.

The verification process is in place to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Users can complete this process through the SpectroCoin application or on their website.

The respective app stores will also have the latest version of the SpectroCoin application, which includes the necessary features for account verification.

SpectroCoin Pro is a platform designed for more experienced traders and crypto assets investors looking for advanced trading tools and a more comprehensive cryptocurrency exchange experience. It typically offers enhanced features for trading major cryptocurrencies, providing an array of cryptocurrencies and pairs with fiat currencies.

It might also offer a more detailed array of order types and trading options, as well as potentially lower trading fees for higher-volume traders. For the most current services and features, users should refer to the SpectroCoin website or contact their customer service.

Platforms similar to SpectroCoin include other cryptocurrency exchanges and online wallets that offer a range of services for digital currencies. These services often include the ability for users to buy, sell, and manage a variety of crypto assets and fiat currencies, support for bank transfers and various banking methods, a cryptocurrency exchange platform, and integration tools for merchants.

Some may also offer additional features like crypto loans, digital loans, and payment processing services. Examples of platforms offering similar services include Coinbase, Kraken, Binance, and Bitstamp.

Each platform has its own set of features, tools, deposit fees, and withdrawal options, so users should review the services provided to find the one that best suits their needs in the field of cryptocurrency.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: