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Bitcoin Wallet by SpectroCoin c Review

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Bitcoin Wallet by SpectroCoin c

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About Spectrocoin Wallet

Spectrocoin offers a range of cryptocurrency solutions, including an exchange, a wallet, a card, and payment processing services. The wallet is accessible through web browsers, Android, and iOS platforms, providing convenience to users. It boasts support for over 30 cryptocurrencies and also facilitates transactions in fiat currencies such as EUR, GBP, USD, and RUB. Users can easily exchange cryptocurrencies and fiat currencies within the wallet, and Spectrocoin can access other exchanges for better pricing when needed.

Security and User Control

Spectrocoin stores users' private keys while ensuring their encryption for added security. Users have the ability to manage both their cryptocurrency and fiat accounts. However, it's worth noting that the wallet is not hierarchical deterministic and lacks multi-signature functionality.

Spectrocoin claims to place approximately 99% of cryptocurrency coins into cold storage, a security measure that is not independently verified or audited.

Community Feedback

Reviews from the online cryptocurrency community have been mixed. Some users report a seamless experience, while others have encountered significant issues with their accounts, leading to allegations of fraudulent activity. Spectrocoin has not publicly addressed these claims of scam.

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Pros & Cons

  • Supports both fiat currencies and cryptocurrencies
  • Facilitates in-wallet exchange of cryptocurrencies and fiat currencies
  • Offers a wide range of supported fiat currencies and cryptocurrencies
  • Private key is encrypted for enhanced security
  • Funds are stored in cold storage, providing added protection
  • Allows access to other exchanges for competitive pricing
  • Not hierarchical deterministic
  • Subject to allegations of being a scam within the cryptocurrency community

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