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SpectroCoin Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
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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 establishes itself as a versatile and user-centric cryptocurrency exchange platform. With an array of services that extend beyond typical exchange offerings, it caters to a broad spectrum of crypto traders and business clients, affirming its role in the ever-expanding cryptocurrency domain.

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 Not Listed
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 the digital currency revolution, SpectroCoin carves its own niche in the bustling market of cryptocurrency exchanges. Offering a suite of services that go beyond simple trading, it aims to cater to a diverse clientele with various needs within the crypto ecosystem.

SpectroCoin homepage

As the digital landscape continues to evolve, SpectroCoin emerges as an innovative force, moulding the cryptocurrency market with its unique offerings. It provides a gateway for users to navigate the complexities of digital finance, emphasizing a seamless transition from traditional monetary systems to the burgeoning world of cryptos for euros.

This all-inclusive cryptocurrency platform not only facilitates instant exchanges but also enriches the ecosystem with its additional features, fostering an environment where convenience meets modern financial needs.

About SpectroCoin

SpectroCoin, a dynamic company launched in 2013, has steadily grown its reputation and services in the field of cryptocurrency. Initially starting as a Bitcoin exchange, it has expanded to include a wide range of cryptocurrencies and financial services.

Its development over the years reflects a commitment to evolving alongside the fast-paced digital currency industry.

SpectroCoin features

Since its inception, SpectroCoin has weathered the ebbs and flows of the volatile cryptocurrency market, reflecting resilience and adaptability. The company’s historical timeline intersects with pivotal moments in the field of cryptocurrency, such as the adoption of Bitcoin as a legitimate payment method and the inclusion of Paxos Standard amongst its offerings.

These milestones signify the exchange’s responsiveness to market demands and its commitment to providing a broad array of cryptocurrencies to its user base.

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 23 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Chainlink (LINK)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • UNUS SED LEO (LEO)
  • Filecoin (FIL)
  • Immutable (IMX)
  • Aptos (APT)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Bittensor (TAO)

View all cryptocurrencies SpectroCoin supports

  • 1INCH
  • AAVE
  • ADA
  • ALGO
  • APT
  • ATOM
  • AVAX
  • BAT
  • BCH
  • BNB
  • BNK
  • BTC
  • BUSD
  • CELO
  • CHZ
  • COMP
  • DAI
  • DASH
  • DOGE
  • DOT
  • ENJ
  • EOS
  • ETH
  • EUROC
  • FIL
  • GRT
  • HOT
  • LINK
  • LTC
  • MANA
  • MASK
  • MATIC
  • MIOTA
  • MKR
  • NEAR
  • NEO
  • ONT
  • SAND
  • SHIB
  • SNX
  • SOL
  • SUSHI
  • TRX
  • TUSD
  • UMA
  • UNI
  • USDC
  • USDP
  • USDT
  • VET
  • WBTC
  • XEM
  • XLM
  • XRP
  • XTZ
  • ZIL
  • ZRX

Trading Experience

SpectroCoin strives to offer an enjoyable trading experience, free from unnecessary complexity. Emphasising user-friendliness, it provides tools and features that cater to both the novice and the experienced trader.

Its platform facilitates efficient trading through a clean interface and a robust application, available in respective app stores.

SpectroCoin delivers an immersive trading experience that caters to both novices and advanced traders, offering an extensive list of features that enhance the ability for users to engage in Cryptocurrency trading effectively. The company’s platform is built to facilitate swift and intuitive interaction with the market, accommodating the diverse trading strategies of its user base.

This includes offering crypto loans to provide users with flexibility in managing their array of cryptocurrencies.

SpectroCoin exchange marketing

SpectroCoin Fees

SpectroCoin implements a pricing structure designed to accommodate the diverse transactional needs of its users. The fee model takes into account several factors, ensuring that costs are in line with the services provided, such as withdrawals, deposits, and currency conversions.

Though specifics can vary, the general approach aims to balance competitiveness with the value offered.

In the competitive landscape of cryptocurrency exchanges, SpectroCoin maintains a fee structure that respects the financial boundaries of its clients, such as maximum balance restrictions, while still offering a comprehensive list of features. The company has structured its fees to ensure that while users enjoy advanced trading tools and a variety of services, the costs associated with transactions, including deposit fees for credit cards and major cryptocurrencies, remain fair and proportional to the services utilised.

Type Fee
Deposit Fee (Bank Transfer) 0% - 0.10%
Deposit Fee (Credit/Debit Card) 2.99%
Trading Fee Not Listed
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 0.00075 BTC compared to the industry average of 0.000075 BTC. So SpectroCoin has a fee that is above the industry average by 900.00%.

Security - Is SpectroCoin Safe?

Regulation and security are paramount in any financial service, and SpectroCoin is no exception. They have instituted rigorous procedures to safeguard clients’ assets, including advanced authentication methods and compliance with relevant financial regulations, to ensure a secure trading environment.

Safeguarding client assets is a top priority for SpectroCoin, and this is evident in its rigorous application code security and electronic wallet protection measures. The company’s robust security framework includes advanced authentication methods that shield users from unauthorised access and potential breaches.

This systematic approach to security not only protects transactions but also fortifies the trustworthiness of the platform among its users.

SpectroCoin Customer Support

The exchange prides itself on delivering excellent service, with a customer support team ready to assist with any queries. SpectroCoin’s dedication to its clients is evident in its support channels, which aim to resolve issues promptly and efficiently, ensuring a positive experience for its platform users.

Recognising the importance of user support, SpectroCoin extends its commitment to providing excellent service through a dedicated customer support team. This team is adept at addressing the myriad concerns that may arise, from navigating minimum deposit requirements to resolving issues around Bitcoin and Ethereum transactions.

The company’s approach to customer service underscores the importance of maintaining transparent and constructive communication 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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Crypto Head Rating
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Fiat Currencies Supported
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Fiat Currencies Supported
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Fiat Currencies Supported
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Final Thoughts

Reflecting on the offerings and capabilities of SpectroCoin, it’s clear the platform has a firm understanding of its client base. By combining a range of services from a multi-currency wallet to merchant solutions, it is positioned as more than just a 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.

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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.

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