SpectroCoin Review: A Closer Look at Crypto Services and Solutions

SpectroCoin is a cryptocurrency exchange and Bitcoin wallet that offers personal IBAN accounts. The account allows you to hold, buy/sell cryptocurrency and convert crypto to fiat currency and back. It also offers crypto backed loans, a debit card, and solutions for businesses to accept bitcoin payments.

Key Takeaways

  • Dedicated European IBAN account in your own name, even for non European residents.
  • Crypto backed loans up to 75% of collateral value.
  • Accept crypto payments for your online store.
  • Multiple deposit and withdrawal methods including SEPA, Neteller, Skrill, bank transfer, mobile money, card, etc.
  • No account opening or monthly maintenance fees.


Spectrocoin is a versatile cryptocurrency exchange platform. It enables users to buy, sell, and trade cryptocurrencies, both among themselves and with fiat currency. The service also includes a multi-currency e-wallet and a Visa debit card. Furthermore, Spectrocoin provides secure storage options for various cryptocurrencies.

Sign Up. To create your SpectroCoin account, visit their website and click “Sign up.” Fill out the registration form, and you’ll receive a confirmation email. After confirming your email, log in to your SpectroCoin account and initiate the identity verification process, which involves submitting photos of your identity document and yourself. A fully verified account is essential for maximizing the platform’s features, and this verification process typically takes up to 2 business days.

IBAN. SpectroCoin offers a European personal IBAN (International Bank Account Number) for users. With SpectroCoin IBAN, you can perform deposits and withdrawals through the Single European Payments Area (SEPA) network. To apply for this dedicated IBAN account, you must have a verified SpectroCoin account, be at least 18 years old, and have a confirmed phone number. This service is available to SpectroCoin users worldwide. After verification, you can claim your IBAN by navigating to your EUR wallet and selecting “claim IBAN.”

Crypto Wallet. SpectroCoin provides a non-custodial multicurrency crypto wallet that supports various cryptocurrencies, including Bitcoin. Users can securely store their digital assets and access them using the SpectroCoin mobile wallet, available for Android and iOS devices. You can link your crypto holdings with fiat currencies via your IBAN account and debit card, convert between fiat and crypto, and transfer crypto to an external wallet.

Cryptocurrency Trading

SpectroCoin allows you to trade 12 cryptocurrencies. They include BTC, BNK, ETH, USDT, DASH, USDC, TrueUSD, LTC, ZCash, XRP and Paxos Standard (PAX). All trading pairs with Banker (BNK) token on the platform are fee-free. For example, if you wish to exchange BTC to XRP, you can save on trading fees by first exchanging BTC to BNK and then trading BNK for XRP. SpectroCoin API allows you to automate trading.

Crypto Backed Loans

You can get a crypto-backed loan by pledging your cryptocurrency holdings such as Bitcoin as collateral and receive a loan of up to 75% of the collateral value. The platform offers instant payouts to your bank account or crypto wallet.

It offers crypto loans with customizable terms and loan-to-value (LTV) ratios ranging from 25% to 75%. You can choose when to make loan repayments and maintain control over your collateral by repaying the loan or increasing its value. Interest payments are automatically debited monthly, and the loan is repaid manually on the platform. You will receive the loan directly into your account.

Exchange Cryptocurrencies

You can exchange Bitcoin and other cryptocurrencies to fiat currency and back with debit or credit card, bank wires, and mobile wallets. Available deposit and withdrawal methods include Skrill, Neteller, SEPA, Payeer, local and international transfers, mobile topups, etc.

SpectroCoin Payment Gateway

The SpectroCoin Payment Gateway is a service provided by SpectroCoin that enables businesses to accept cryptocurrency payments on their websites or online stores. It allows you to integrate the SpectroCoin payment processing API and add a payment button snippet into the HTML code of your website. SpectroCoin can be integrated with WooCommerce, Magento, PrestaShop, OpenCart, Drupal, WHMCS, Zen Cart and other ecommerce platforms.

With SpectroCoin’s payment gateway, customers can pay using cryptocurrencies. You specify the amount and preferred currency for receiving the payment. The customer pays the invoice at a fixed exchange rate, and SpectroCoin instantly converts the funds into your chosen currency. You can then withdraw the funds to your bank account.

SpectroCoin Debit Card

SpectroCoin Visa card is denominated in EURO and can be loaded with the cardholders’ SpectroCoin wallet. This means you can convert your cryptos into Euro and start spending instantly online or physical shops. The SpectroCoin cards are only available to EEA or UK residents only. You can request the card for only 7 euros. It has a monthly fee of 1.15 euros and ATM withdrawals of 1 euro. It has a daily limit of 250 euros. Once you exceed the daily limit, you have to pay a fee.

Spectrocoin Supported Countries

While Spectrocoin supports over 200 countries, its linked card services are not available in the following countries: Afghanistan, Algeria, Bangladesh, Bolivia, Cambodia, Colombia, China, Dominican Republic, Ecuador, Kazakhstan, Kuwait, Lebanon, Lesotho, Egypt, El Salvador, Namibia, Pakistan, Qatar, Saudi Arabia, Ghana, Georgia, India, Indonesia, Iran, Iraq, Jordan, Macau, Macedonia, Morocco, Serbia, Taiwan, Thailand, Trinidad and Tobago, Vietnam.

Spectrocoin Card Fees

The following are Spectrocoin card fees you can expect to be charged:

Physical Card PriceFree
Virtual Card PriceFree
Physical card shipping by mailFree
Physical card shipping by registered mail€3
Physical card expedited shipping€60
Monthly Service Charge FeeFree
Card replacement€15
Card Load/Unload via SpectroCoin WalletFree

SpectroCoin Supported Currencies

SpectroCoin supports over 40 cryptocurrencies including Bitcoin, Ethereum, Dash, Litecoin, Stellar Lumens, Ripple, Zcash, Banker and USD Coin. Supported fiat currencies are EUR, USD, GBP and RUB. You can withdraw you funds from your SpectroCoin account into your local bank.

SpectroCoin Supported Countries

SpectroCoin supports over 200 countries and territories worldwide. However, SpectroCoin services available in individual countries might differ based on local legislation or SpectroCoin third-party service providers. You can check the services offered in your country on SpectroCoin supported countries list.

SpectroCoin Fees and SpectroCoin Limits

There are no fees for opening SpectroCoin account or any monthly fees. It is also free to send cryptocurrencies to the exchange. Below are available SpectroCoin fees, currencies, and limitations. Additional charges depend on the service provider or the bank that you use.

Deposit Fees and Limits:

MethodAvailable currenciesFeeMin feeMin deposit amountMax deposit amountDaily limitWeekly limitMonthly limitYearly limit
SkrillEUR, USD, GBP5.50%€2.00€1.00€4,000.00€8,000.00€30,000.00
NetellerEUR, USD5.50%€2.00€1.00€4,000.00€8,000.00€30,000.00
PayeerEUR, USD2.00%€1.00€1.00€3,000.00€6,000.00€20,000.00
Perfect MoneyEUR, USD2.00%€1.00€1.00€2,000.00€4,000.00€15,000.00
AdvcashEUR, USD, GBP, RUBFreeFree€1.00€3,000.00€6,000.00€20,000.00
Bank TransferEURFreeFree€0.01€100,000.00
Local Bank TransferGBP0.10%£2.50£0.01£100,000.00
International Bank WireGBP0.10%£20.00£50.00£100,000.00
Pacific Private BankEUR, USD€50.00€100,000.00
VisaEUR, USD, RUB2.99%€0.50€1.00€2,000.00€5,000.00€10,000.00€15,000.00€180,000.00
MasterCardEUR, USD, RUB2.99%€0.50€1.00€2,000.00€5,000.00€10,000.00€15,000.00€180,000.00
MaestroEUR, USD, RUB2.99%€0.50€1.00€2,000.00€5,000.00€10,000.00€15,000.00€180,000.00

Withdrawal Fees and Limits:

MethodAvailable currenciesFeeMin feeMin withdrawal amountMax withdrawal amountDaily limit
SkrillEUR, USD, GBP2.00%€3.00€3.00€3,000.00€6,000.00
PayeerEUR, USD2.00%€1.00€5.00€2,000.00€4,000.00
Perfect MoneyEUR, USD2.00%€1.00€6.00€1,500.00€3,000.00
AdvcashEUR, USD, GBP, RUBFreeFree€1.00€2,000.00€6,000.00
Bank TransferEURFreeFree€5.00€100,000.00

Is SpectroCoin Safe and Legit?

SpectroCoin prioritizes the safety and security of your funds and personal information. It offers Two-Factor Authentication (2FA), stores the majority of funds in offline cold storage wallets, uses encryption protocols, and complies with regulatory standards.

It is s a legitimate cryptocurrency exchange and wallet. The company has been in operation since 2013 serving over 1 million customers globally and it is licensed in Estonia and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Spectrocoin Reviews on Trustpilot

SpectroCoin has a rating of 4.4 out of 5 stars on Trustpilot, based on over 1,600 reviews as of July 2023. Users generally appreciate the platform’s ease of use, customer support, and security features. However, some negative reviews mention higher fees, occasional delays in withdrawals, and longer customer support wait times during peak periods. It’s important to consider these factors when evaluating SpectroCoin as a cryptocurrency platform.

SpectroCoin Alternatives

SpectroCoin competitors you can look into include the following.

What is SpectroCoin?

SpectroCoin is a cryptocurrency exchange and wallet platform that offers buying, selling, and exchanging cryptocurrencies. It also provides a personal Visa debit card, IBAN accounts, crypto loans, and crypto payment solutions for businesses.

How does SpectroCoin work?

SpectroCoin is a cryptocurrency exchange and wallet that provides various services, including buying, selling, and storing cryptocurrencies. It also offers a debit card, crypto loans, and solutions for businesses to accept bitcoin payments.

Is SpectroCoin a scam?

Yes. SpectroCoin is a reliable company. It is a cryptocurrency exchange and wallet that has been in operation since 2013. It is regulated by EU regulatory bodies.

Where is SpectroCoin located?

SpectroCoin is located in Tallinn 10117, Estonia.

What are alternatives to SpectroCoin?

There are several alternatives to SpectroCoin. Some popular alternatives include:Nexo, YouHodler, Hodl Hodl, and Unchained Capital.

Our goal

We want to inform you about the latest banking trends and developments, by providing comprehensive reviews of banks around the world offering virtual banking services and bitcoin based banking.

Our aim is to help you know the best bank accounts, how to open a bank account, best banks to invest and buy bitcoin, how to apply for payment and virtual cards, how to open a non-resident bank account in the US or EU, how to earn a passive income with your crypto, obtain a loan with your crypto deposits, and many other banking-related topics.