The different levels of verification are explained. When your hashrate stops being profitable, your bitcoin mining will be terminated. It offers multiple cryptocurrencies and also has an excellent support system for its users. SpectroCoin was founded in February No widgets added. It majorly involves only European users to buy bitcoins and not others.
SpectroCoin is a bitcoin broker. You can buy and sell bitcoin to Vitcoin and from SpectroCoin. In addition to being able to buu and sell BTC, you can obtain a debit card physical or virtual. This card allows you to withdraw and spend the bitcoins in your account at millions of ATMs and stores respectively converting to fiat at the point of sale. You can buy, sell, exchange, and withdraw and spend bitcoins via the debit cardand even use the exchange to accept BTC for your business.
Summary of the Best Ways to Buy BTC with Credit/Debit Card
Also, beginners can expand their horizons about the world of bitcoins in our quick guide. With the recent development of online banking systems, it is no wonder that many traders have hopped on the train and started using many of the services offered online. Bitcoin investors even more so, as the network grew tremendously over the past few years, providing many purchasing options as a result. First, you do not need to register an account to be able to do bank transfers through the system. The fees are part of the BTC price as they are not transparently shown when you buy the cryptocurrency. Verification is required to be completed prior to the trade as the broker is a regulated company, following anti-laundry laws.
SpectroCoin Takes on BitPay in Europe With Bitcoin Processing Solution
SpectroCoin is a bitcoin broker. You can buy and sell bitcoin to SpectroCoin and from SpectroCoin. In addition to being able to buy and sell BTC, you can obtain a debit card physical or virtual. This card allows you to withdraw and spend the bitcoins in your account at millions of ATMs and stores respectively converting to fiat at the point of sale.
You can buy, sell, exchange, and withdraw and spend bitcoins via the debit cardand even use the exchange to accept BTC for your business. If your bitcoin-related needs extend beyond the occasional trade, I strongly recommend you take a close look at this exchange. Yes, SpectroCoin appears to be a trustworthy and reputable place to buy bitcoin and get a bitcoin debit card.
Especially with a focus on eastern Europe as the primary local deposit option for millions, SpectroCoin has maintained a positive reputation. A few folks have even called the exchange a scam, claiming it had locked their accounts and confiscated their money without cause. For example, one user on BitcoinTalk. Another user on Reddit called SpectroCoin.
But when asked to provide proof, the user disappeared. Product development at SpectroCoin is done in Lithuania, and its services are regulated in that country. Because Lithuania is a member of the European Union, the exchange has implemented anti-money laundering AML and data protection procedures that are consistent with EU and international standards. Monies are processed through regulated banks throughout the world.
By most accounts, notwithstanding unsubstantiated and therefore dubious claims of scamming, SpectroCoin is a legitimate BTC broker. Profile verification also raises your debit card and ATM withdrawal limits. For example, you can attach a debit card or credit card to your verified profile, and use it to deposit funds. You can also make deposits via bank wires using U. Or you can fund your account by transferring DASH and other cryptocurrencies from third-party wallets.
Finally, you can use vouchers, such as Amazon gift cards. Fees vary by the deposit option you choose. Bank transfers via SEPA, as well as transfers from select Lithuanian banks, are processed without fees. Credit card and debit card deposits are usually made available in your account within an hour often much sooner. Bank wires and transfers from ewallets like Payeer can take up to 24 hours before the funds are available for use. This wallet allows you to store, send, and receive bitcoins.
Transfer them to another wallet that offers more features and better security. Hardware wallets offer the best security because they generate private keys offline. Good options are the Ledger Nano S and the Trezor. This is a desktop wallet that allows a lot of configuration flexibility.
Mobile and cloud-based wallets are ideal if convenience is your goal. SpectroCoin gives you a lot of options to withdraw your bitcoins. You can do any of the following:. Fees are imposed on withdrawals based on the withdrawal option. In addition, the bank or merchant may charge an additional load up to 1.
SpectroCoin is supported in nearly geographies, territories, and jurisdictions, from Afghanistan to Zimbabwe. Whether you live in U. Buttons are labeled intuitively. For example:. SpectroCoin employs security measures consistent with those used by other bitcoin exchanges. This could mean a variety of things, including that the bitcoins are stored on a hardware drive e.
The debit card feature distinguishes SpectroCoin from most of its competition. Not available in the USA. The majority of major exchanges allow you to sell your bitcoins and transfer the cash to a third-party wallet or your bank account. From there, you can withdraw the cash as you desire. The debit card from SpectroCoin streamlines this process. You can use the card to withdraw cash directly from millions of ATMs around the world.
You can also use it to buy goods and services from millions of merchants. There are fewer hoops to jump. SpectroCoin also offers tools for merchants who would like to accept bitcoins for payments of goods and services. A payment platform can be set up for business owners who run online businesses e.
Merchants can accept payment in bitcoins and store them in their Can i buy bitcoin same day with spectrocoin accounts. The SpectroCoin merchant solutions makes use of an API and various plugins that integrate a number of third-party platforms to make funds collection easy. As noted earlier, you can do a lot with an unverified account. You can deposit funds, buy and sell bitcoins, and fund a debit card that can be used at more than 30 million ATMs and 20 million stores around the world.
Having said that, leaving your account unverified imposes limits, particularly when it comes to your deposit options and accessible debit card features. EU residents are required to provide a copy of both sides of their national identity cards. There are also a lot eastern european and middle eastern withdrawal options as. I love that I have the option to use a debit card at millions of ATMs and stores in hundreds of countries.
I also like the fact that SpectroCoin includes a variety of support options, including a phone number. Lastly, the numerous deposit and withdrawal options are a major boon. All in all, I recommend that you check out SpectroCoin for yourself, especially if the idea of using a debit card interests you. Nothing you read here should be taken as a solicitation to purchase anything or investment advice.
We do not offer professional legal advice, tax advice or investment advice. We stand behind the Consumer Review Fairness Act ofmeaning we are not responsible for user published reviews and comments on this site. We are affiliated with some of the can i buy bitcoin same day with spectrocoin and services found on this website with absolutely no cost to you and often a benefit to you.
You can learn more about us and how that works if you want to know. Our team is made up of experienced researches, writers and publishers and we strive to post honest, legit and current BTC exchange focused information.
If you want to learn more about or get in touch we would love to hear from you. Jump Menu. Fee Schedule Rotate device for. Deposit Method. Withdrawal Method. Is SpectroCoin. SpectroCoin was launched in Verification usually takes one business day to finalize. Customer Support Options At SpectroCoin You can reach out to support representatives in six ways: email helpdesk spectrocoin. Not available in the USA The majority of major exchanges allow you to sell your bitcoins and transfer the cash to a third-party wallet or your bank account.
All of Europe can easily buy and sell BTC. No debit card for U. Yes, you can buy, trade and withdraw bitcoin from SpectroCoin. You can buy, trade and cash out bitcoins but not fiat. Final Thoughts On SpectroCoin. Type of Exchange. Highlighted Features. Bitcoin Debit Card Available. Additional Information. Company Name.
User Ratings. If you have experience with this exchange please leave a rating. By use of this site you agree to hold us completely harmless for any and all reasons. Thank you in advance and enjoy the site! Links to Explore How to buy bitcoin the first time Best bitcoin wallets Best way to secure your bitcoin. About Us Twitter Contact Us.
Bits of Gold. Bitcoin minimum 0. Security measures involve two-factor authentication and ID proof to facilitate credit card payment. We want bitoin help the average joe trade, buy, sell and use cryptocurrencies. The site provides a fast and easy exchange of bitcoins and other cryptocurrencies. It was established in by virtual world services, specializing fundamentally in Lindens SLL and other virtual currencies used in online gaming. Originally based in Finland, but available worldwide.
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