No Regulation

Score

0123456789.01234567890123456789
/10

SpectroCoin

Lithuania

|

10-15 years

Suspicious Regulatory License|

Medium potential risk|

https://spectrocoin.com/en/about.html

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A

Influence Index NO.1

Lithuania 4.29

Better than 98.09% exchange(s)

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
SpectroCoin
Phone of the company
+44 20 3769 5474
+372 683 8000
Customer Service Email Address
helpdesk@spectrocoin.com

WikiBit Risk Alerts

1
Previous Detection 2024-03-01

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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SpectroCoin · Company Summary

Aspect Information
Company Name SpectroCoin
Registered Country Lithuania
Founded Year 2013
Regulatory Authority No regulation
Number of Cryptocurrencies Available 20+
Payment Methods Bank transfer, credit/debit card, Skrill, Neteller, and more
Customer Support 24/7 live chat, phone number and email support

Overview of SpectroCoin

SpectroCoin is a virtual currency exchange that was founded in 2013 and is based in Lithuania. It currently has no valid regulations. The platform offers a wide range of cryptocurrencies, with over 20 options available for trading.

In terms of payment methods, SpectroCoin accepts bank transfers, credit/debit cards, Skrill, and Neteller, and more. This allows for flexibility and convenience when it comes to funding and withdrawing funds from the platform.

SpectroCoin also prioritizes customer support, offering 24/7 live chat, phone number and email support. This ensures that users can receive assistance and address any concerns at any time. Overall, SpectroCoin provides a range of services and support options for individuals interested in trading virtual currencies.

Overview of SpectroCoin

Pros and Cons

Pros Cons
Wide range of cryptocurrencies available Limited payment methods
Flexible payment methods including bank transfers and credit/debit cards No mobile app available
24/7 live chat and email support No valid regulations

SpectroCoin exchange offers several advantages for its users. Firstly, SpectroCoin offers a wide range of cryptocurrencies for trading, with over 20 options available. This variety allows traders to diversify their portfolios and take advantage of different market opportunities.

Secondly, SpectroCoin accepts a flexible range of payment methods, including bank transfers and credit/debit cards. This allows for easy funding and withdrawal of funds, providing convenience to users.

Additionally, SpectroCoin provides 24/7 live chat and email support to its users. This means that assistance and support are readily available at any time, ensuring a positive user experience.

On the other hand, there are some drawbacks to consider. Firstly, the payment methods on SpectroCoin are limited. While it does accept bank transfers and credit/debit cards, some users prefer additional options.

Secondly, SpectroCoin does not currently have a mobile app available. This can be inconvenient for users who prefer to trade on the go or have easy access to their accounts.

Lastly, SpectroCoin currently has no valid regulations, which means this exchange is not under the oversight of a licensed authority.

Regulatory Authority

SpectroCoin doesn't have a regulatory authority. Without regulatory oversight, there is a higher risk of fraudulent activities, hacking, and lack of transparency. Traders can face challenges in terms of security and the overall legitimacy of the exchange.

To mitigate these risks, traders should consider using regulated exchanges that offer transparent policies and clear communication regarding security measures. It is important to research the regulatory authority overseeing the exchange and ensure that it is reputable and has a track record of enforcing regulations.

By carefully selecting a regulated exchange and implementing proper security measures, traders can mitigate the risks associated with unregulated exchanges and have a safer trading experience.

Security

The exchange states that it employs a committed workforce and IT professionals to ensure a secure environment. SpectroCoin can be seen as a trustworthy and dependable alternative based on its spotless background and reputation among consumers.

When it comes to security, users should consider implementing their own protective measures. This includes using strong and unique passwords, enabling two-factor authentication, and regularly updating software and security patches on devices used for trading. Additionally, users should be cautious of phishing attempts and ensure that they are accessing the official SpectroCoin website to prevent any unauthorized access to their accounts.

security

Cryptocurrencies Available

SpectroCoin offers a wide range of cryptocurrencies for trading, with over 20 options available. This includes popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known ones like Golem and Basic Attention Token.

Cryptocurrencies Available

In addition to cryptocurrency trading, SpectroCoin also offers various other products and services. These include a cryptocurrency wallet, allowing users to securely store their digital assets. Users can also make use of SpectroCoin's prepaid cards, which can be loaded with cryptocurrencies and used for everyday purchases. The exchange also provides merchant solutions, allowing businesses to accept cryptocurrencies as payment.

These additional products and services offered by SpectroCoin provide users with various options and opportunities to explore the world of virtual currencies beyond just trading.

How to Open an Account?

1. To register on SpectroCoin, visit the website and click on the “Sign Up” button.

How to Open an Account

2. Fill in the required information, including your email address, password, and referral code if applicable.

3. Verify your email address by clicking on the link sent to your inbox.

4. Complete the additional verification process, which include providing identification documents and proof of address.

5. Once your verification is complete, you can access your SpectroCoin account and start using the platform.

6. It is important to note that certain services, such as higher transaction limits, may require further verification steps to ensure compliance with regulatory requirements.

Payment Methods

SpectroCoin offers a variety of payment methods for users to fund and withdraw funds from their accounts. These methods include bank transfers, credit/debit cards, Skrill, and Neteller and more.

The processing time for each payment method vary. Bank transfers usually take a few business days to process, while credit/debit card payments are typically instant. Skrill and Neteller transactions also have fast processing times, allowing users to quickly deposit or withdraw funds from their SpectroCoin accounts.

Payment Methods

Educational Resources

SpectroCoin provides educational resources and tools to help users navigate the world of virtual currencies. These resources include articles and guides that cover various topics such as cryptocurrency basics, trading strategies, and security measures. The exchange also offers a blog that is regularly updated with relevant news and insights from the industry.

In addition to educational materials, SpectroCoin provides users with various tools to enhance their trading experience. These tools include real-time market data, price charts, and order book information, allowing users to make informed decisions when trading. Traders can also set up alerts and notifications to stay updated on market movements and changes in their portfolios.

Overall, SpectroCoin aims to provide users with the necessary knowledge and tools to make informed decisions in the virtual currency trading space.

Fees

  • SpectroCoin charges a maker fee of 0.1% and a taker fee of 0.2% for trading cryptocurrencies.

  • There are no deposit fees, but withdrawal fees vary depending on the cryptocurrency and the withdrawal method.

  • The SpectroCoin debit card has a monthly maintenance fee of €1.15 and a daily ATM withdrawal limit of €2,500.

    SpectroCoin also offers margin trading, which carries additional fees.

    Services Fees
    Trading fees Maker fee: 0.1%, taker fee: 0.2%
    Maintenance fee €1.15
    Daily ATM withdrawal limit €2,500
    Deposit fee None

Is SpectroCoin a Good Exchange for You?

SpectroCoin can be suitable for various trading groups based on its features and offerings. Firstly, individuals who are looking to diversify their cryptocurrency portfolio can benefit from SpectroCoin's wide range of cryptocurrencies available for trading. With over 20 options to choose from, traders can explore different market opportunities and potentially maximize their profits.

Secondly, SpectroCoin's flexible payment methods, including bank transfers and credit/debit cards, make it convenient for traders who want easy funding and withdrawal options. The ability to use multiple payment methods provides flexibility to cater to different preferences and needs.

Furthermore, SpectroCoin's 24/7 live chat, phone number and email support can benefit novice traders or those who require assistance at any time. Having readily available support ensures that users can address any concerns or queries promptly, creating a positive user experience.

Based on these features, it is recommended that traders, especially those who prioritize security, diversification, and flexibility, consider utilizing SpectroCoin for their virtual currency trading needs. However, it is always advisable for individuals to conduct their own research and assess their personal trading goals and requirements before choosing an exchange.

Conclusion

In conclusion, SpectroCoin offers several advantages for virtual currency traders. The exchange offers a wide range of over 20 cryptocurrencies for trading, allowing traders to diversify their portfolios. SpectroCoin accepts a flexible range of payment methods and provides 24/7 live chat and email support, ensuring convenience and assistance for its users.

However, there are some drawbacks to consider. This exchange currently has no valid regulations. There is also no mobile app available, which can inconvenience users who prefer to trade on the go. Additionally, limited information is provided on the website about the security measures implemented by SpectroCoin.

Overall, while SpectroCoin offers several advantages, traders should weigh these against the drawbacks and consider their own preferences and priorities before choosing this exchange for their virtual currency trading needs.

FAQs

Q: What cryptocurrencies are available for trading on SpectroCoin?

A: SpectroCoin offers a wide range of over 20 cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin.

Q: What payment methods does SpectroCoin accept?

A: SpectroCoin accepts various payment methods, including bank transfers, credit/debit cards, Skrill, and Neteller and more.

Q: Does SpectroCoin provide customer support?

A: Yes, SpectroCoin offers 24/7 live chat, phone number (+44 20 3769 5474) and email support (helpdesk@spectrocoin.com) to assist users with any inquiries or concerns they may have.

Q: Is SpectroCoin regulated by any authority?

A: No, SpectroCoin currently has no valid regulations.

User Review

User 1: I have been using SpectroCoin for a while now and I must say, their security measures are top-notch. I feel safe knowing that the exchange is regulated by the Bank of Lithuania. The interface is also very user-friendly, making it easy for me to navigate and make trades. The range of cryptocurrencies available is impressive, allowing me to diversify my portfolio. The only downside I've experienced is the trading fees, which can be a bit high at times. However, the customer support team is always there to help and provide assistance when needed.

User 2: SpectroCoin has been my go-to exchange for a while now and I have to say, I am impressed with their customer support. They are available 24/7 and have been very responsive to my inquiries. The liquidity on the platform is also great, ensuring that my trades are executed quickly and efficiently. I also appreciate the privacy and data protection measures in place, giving me peace of mind when it comes to my personal information. My only complaint would be the deposit and withdrawal speed, as it can sometimes take a bit longer than expected. Overall, I have had a positive experience with SpectroCoin and would recommend it to others.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.