The Crypto space is ever-evolving and keeps you busy with its innovative applications. That said, have you heard of SpectroCoin? No.

Well, SpectroCoin is a Crypto platform that offers various amazing features that make your life easy and exciting.

This article delves into what is SpectroCoin, how to use SpectroCoin, the best features of SpectroCoin, Crypto loans, SpectroCoin debit cards, and more.

What is SpectroCoin?

SpectroCoin is a Cryptocurrency platform that offers various features, including Cryptocurrency digital wallets, prepaid debit cards, Crypto loans, Crypto exchange, and more. You can access SpectroCoin accounts using the SpectroCoin website or mobile app for mobile OS and Windows devices. The Cryptocurrency platform is particularly known for the attention it pays to the security of data and information.

SpectroCoin offers the 2FA (two-factor authentication) that makes your data secure, which is a standard safety practice followed in the industry.

An interesting feature that SpectroCoin provides is its IBAN service. Regardless of whether you use the SpectroCoin website or mobile app, you get a personal IBAN (International Bank Account Number) that lets you send and receive funds within your SpectroCoin account under your name. As the IBAN format is globally recognized, users can transfer money to and from anywhere in the world.

How to use SpectroCoin?

The SpectroCoin platform is highly user-friendly and intuitive, with quick and crisp procedures. The interface is easy-to-navigate and offers a rewarding user experience. Once you log in to your account, you can select the service you want. For instance, if you want to check your BTC wallet, you could simply select the “Bitcoin Wallet” service, and the app will take you through the various options.

SpectroCoin also offers ways to create and redeem vouchers based on Cryptos supported on the exchange. To use this feature, all you need to do is log in to the wallets and click ‘Create Voucher’ or ‘Redeem Voucher’ and perform the tasks quickly.

How to set up an account with SpectroCoin?

As a new user, you can set up your SpectroCoin account in a few steps. You can sign up on the platform using your email address and complete the verification process through the link you receive on your registered email. The platform also lets you use Google or Facebook accounts to log in. In addition, you need to set up your account with your phone number, as it uses a two-factor authentication process.

Best Features of SpectroCoin

Some of the best features of SpectroCoin are:

– SpectroCoin is available and accessible as both a mobile app and in a web-based version. In addition, it allows you to access all addresses connected to your account. You can exchange and purchase Cryptocurrencies instantly.

– It offers a convenient and user-friendly interface which makes users’ experience highly pleasant and rewarding.

– It lets you use fiat money on the site as the primary objective is to link the Cryptocurrency to the fiat currency.

– The platform offers numerous payment options, letting customers with Cryptocurrency expertise use it to convert digital money to fiat money or gold or back.

– Most importantly, the SpectroCoin prepaid debit card helps in Cryptocurrency storage and allows you to pay in Cryptocurrency.

– It offers solutions for retailers in addition to the storage and exchange of Cryptocurrencies.

Crypto Loans by SpectroCoin

SpectroCoin platform provides you with Crypto loans and digital loans that are made with blockchain wallets. In Crypto lending, you can keep your assets as collateral which would be returned to your wallet once you clear the loan amount. These Crypto loans support various Cryptocurrencies like Bitcoin, Ethereum, Euro, etc.

It provides automated interest payments, and the relevant amount will be debited from the user’s account every month. In addition, there’s no penalty for prepayment of Crypto loans which lets you clear the loan amount at your convenience. Besides, the platform offers the flexibility to decide the loan duration.

Best Features of Crypto Loans

Very High LTV ratios: SpectroCoin offers very high loan-to-value starting from 25% up to 75%. It allows you to take big Crypto loans with Crypto collateral.

Customized Credit options: The platform tailors the credit options as per the client’s requirement. You could get a Crypto credit as low as 25EUR or as high as 1 Million EUR.

Banker Tokens: Banker tokens (BNK) lets you receive low-interest rates, thereby helping you both save and earn.

Flexible repayment: You can plan to make repayments flexibly. Make sure you repay the amount before the maturity date.

Competitive Rates:

The platform offers competitive loan rates, and there are no hidden charges. You can choose the best option that works for you.

How does the Crypto loan work?

You just need to follow a few simple steps to get started with the loan process. 

Deposit Assets: Decide the currency of your collateral and deposit assets in the same currency.

Select your terms: Choose withdrawal amount, LTV, collateral amount, and currency and fill in the details.

Receive your Loan: The withdrawals will be automatically made to your account.

Maintain LTV%: Make sure you maintain a good percentage of loan-to-value. Keep it under control by repaying the loan or increasing the collateral.

Repay Loan and Pay Interest: Interest payments are debited automatically every month. The loan is repaid manually on the platform.

How to get a Crypto Loan on the SpectroCoin platform?

The platform offers Crypto loans to both individuals and businesses who have access to Cryptocurrency assets. It is a simple and quick process. All you need is an account at SpectroCoin loans. Check out the below steps to accomplish this:

– Login to your SpectroCoin Loan account or create a new one.

– Deposit assets in the currency of the collateral. Available options include Bitcoin(BTC), Ether(ETH), Dash (DASH), and NEM(XEM).

– Press the ‘Get a Loan’ button to request a loan.

– Choose the loan amount and withdrawal currency. Available withdrawal options include BTC, ETH, XEM, DASH, USDT, and BNK. Withdrawals in Euro (EUR) fiat currency are available for verified users.

– Click ‘Next’ and confirm the loan by following the subsequent instructions.
If your application is successful, the loan will be instantly issued to your SpectroCoin wallet. Additionally, you can take multiple loans at a time.

Use Cases of the Crypto Loans

– For Crypto holders, you can use BTC, ETH, or other coins as collateral and receive a loan of up to 75% of the collateral value.

– Crypto loans could be used for Crypto investment funds and to diversify your portfolio.

– SpectroCoin offers to finance various Crypto companies that own Crypto assets.

The SpectroCoin Card

The platform users get a credit card or debit card that they can use for non-blockchain-based mediums. You can use prepaid cards to make payments on platforms like SEPA, Advcash, etc. Exchange your Cryptocurrencies and spend them using a VISA card anywhere. You can instantly convert your bitcoins, Ether, and other coins and load your SpectroCoin debit cards.

In addition, your ATM card would work on 40+ million sites and physical stores worldwide. With this card, you can withdraw cash at more than 30+ million ATMs globally. The most striking feature is you get a free IBAN account. It lets you use a personal IBAN to make payments in your name and spend easily with your debit card.

How to order a SpectroCoin card?

Let’s take a look at some of the key aspects of the SpectroCoin card.

Cards come at low fees and offer high limits. There are plastic cards and virtual cards as well. If you choose a plastic card, it will be delivered by mail free of cost. Additionally, there are no monthly maintenance fees, no currency exchange fees, and card loading/unloading via SpectraCoin wallet will be free for all users.

You can order 5 plastic cards and have 99 virtual cards. This is a highly convenient feature as those who wish to use different cards for different purposes could do so. In addition, the transaction limits are also convenient for both point of sale and online transactions, with a daily limit of 25000EUR while the ATM withdrawal limit is 2,500 EUR.

Another interesting feature is that the card offers OCT which means you will be able to receive funds for the cards from other platforms. Besides, it lets you exchange your Crypto and load the card so that you could use the funds to pay for buying products and services.

Types of Cards

Plastic Cards

Plastic cards are useful if you want to use physical cards at physical and online stores. It may take 10 days for the card to be shipped to you. You may follow the below steps if you wish to order the card:

Verification: Once you have agreed to the Terms and Conditions and Privacy Policy, you will have SpectroCoin Account Verification and Phone number verification complete.

TIN: If all necessary verifications are done, you will be required to provide your Taxpayer Identification Number.

Address: On the delivery completion page, enter your correct and complete address to receive the card safely.

Delivery: All you need to do is to select a preferred shipping method. You can choose a free mail delivery method, registered mail delivery, etc.

PIN: After completing all the steps, you need to confirm all the details and create a PIN code for your new plastic card.

Virtual Card

Virtual cards are useful if you want to order and instantly have a card for payments online. If you wish to order a card, follow the below steps:

Verification: Once you have agreed to the Terms and Conditions and Privacy Policy, you will have SpectroCoin Account Verification and Phone number verification complete.

TIN: If all necessary verifications are done, you will be required to provide your Taxpayer Identification Number.

PIN: After completing all the steps, you must confirm all the details and create a PIN code for your new virtual card.

How to spend your Crypto with the SpectroCoin debit card?

Ordering a SpectroCoin card can be very useful for spending your Crypto earnings. To load your SpectroCoin card with Crypto, all you need to do is:

Convert – Login and go to the ‘Convert’ page and choose the currency you would like to convert into Euro.

Choose the Card – Once you have some EUR in your SpectroCoin EUR wallet, go to ‘Cards’ and choose the card you wish to load.

Load – Click on the card to load and click ‘Load Card’ in the top right-hand corner.

Complete – All you need is to choose the wallet to load from, here select the EUR wallet, and choose the amount. Confirm the transaction by clicking on ‘Load’, and you are ready to spend.

What are the fees involved with the services?

Yes. SpectroCoin charges some fee for withdrawal from the SpectroCoin account. These are:

BTC 0.00075BTC
LTC 0.001LTC
Stablecoin 50USD
ETH 0.015ETH
LINK 2 LINK
PAXG 0.035PAXG
UNI 2.5 UNI
BAT 60 BAT

What countries are eligible to use the SpectroCoin services?

Most countries are eligible to use the debit card and Crypto loan services of SpectroCoin. Few countries,including the US, Japan, and the Democratic People’s Republic of Korea, are barred.

Final thoughts

SpectroCoin offers numerous useful and fascinating features you can leverage in your Crypto journey.

Particularly interesting and convenient to use are debit cards and Crypto loans. This article would have familiarised you with what is SpectroCoin, how to use SpectroCoin, the best features of SpectroCoin, and more.

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