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Bitcoin Wallet by SpectroCoin Review

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Bitcoin Wallet by SpectroCoin

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About Spectrocoin's Cryptocurrency Solutions

Spectrocoin offers a range of cryptocurrency solutions, including an exchange, wallet, card, and payment processing services. The wallet is accessible via web browsers, Android, and iOS platforms. It supports a diverse selection of over 30 cryptocurrencies, along with fiat currencies such as EUR, GBP, USD, and RUB. Users can also engage in in-wallet exchanges between cryptocurrencies and fiat currencies. In cases where their own exchange lacks liquidity, Spectrocoin can access other exchanges to provide better pricing.

Wallet Security and Features

Spectrocoin stores user private keys, encrypting the details to enhance security. The wallet allows users to manage both their cryptocurrency and fiat accounts within a single platform. However, it's essential to note that the wallet lacks hierarchical deterministic functionality and does not offer multi-signature capabilities.

Security Measures and User Feedback

Spectrocoin claims to place approximately 99% of cryptocurrency coins into cold storage, which represents a robust security measure. It's important to highlight that this practice has not been independently verified or audited. User feedback on Spectrocoin has been mixed, with some reporting a seamless experience and others encountering significant issues with their accounts, even labeling Spectrocoin as a potential scam. Notably, the company has not publicly addressed these scam allegations.

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Pros & Cons

  • Support for both fiat currencies and cryptocurrencies
  • In-wallet exchange capabilities for both cryptocurrencies and fiat currencies
  • Extensive support for a wide range of fiat currencies and cryptocurrencies
  • Private key encryption for enhanced security
  • Funds stored in cold storage for added safety
  • Ability to access other exchanges for competitive pricing
  • Not hierarchical deterministic
  • Has been criticized as a scam by some members of the cryptocurrency community

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