Room: Bitcoin Wallets ANDREAT.

SpectroCoin is a bitcoin wallet that lets you buy, sell, send, receive, and store bitcoins. The company was founded in early 2013 by a Lithuanian/UK-based team. Today, the platform is available in over 150 countries around the world and gives you more than 20 methods for depositing and withdrawing funds – including credit cards, bank transfers, and other expected methods.

You can also order a SpectroCoin debit card, which can then be used at shops or ATMs. A growing number of bitcoin wallets now offer this service.

SpectroCoin is also known for its payment platform for merchants, which allows merchants to accept bitcoins, then instantly convert those bitcoins or store them for later use. The platform is used by businesses throughout the Baltic States as well as London.

SpectroCoin Products

SpectroCoin offers four core products. Overall, the company describes itself as an all-in-one solution for bitcoin. The four products include the prepaid debit card, e-wallet, merchant tools, and cryptocurrency exchange.

Wallet

The SpectroCoin wallet is available for iOS, Android, and Windows Phone users. The wallet, like most wallets, promises to be a safe and easy place to store your bitcoins. It makes it easy to send and receive bitcoins through your wallet. One of the advantages of the SpectroCoin wallet is that it’s specifically accepted at a number of shops and restaurants throughout London and the Baltic States (Latvia, Lithuania, and Estonia).

Merchant Tools

SpectroCoin was the first European company to offer a merchant solution to the market. The company launched its merchant tools in 2014 to compete with BitPay and Coinbase.

One of the advantages that SpectroCoin initially had over the competition was its ability for merchants keep their bitcoin on their account, or convert the bitcoin into a fiat currency (most payment platforms now offer this service).

SpectroCoin’s bitcoin payment platform can be integrated into brick-and-mortar businesses or ecommerce businesses.

Online, the platform can be integrated through an API or e-commerce plugin. SpectroCoin supports major platforms like Drupal, OpenChart, WHMCS, and Magento.

For brick-and-mortar businesses, SpectroCoin provides bitcoin integration for physical businesses that have existing point of sale solutions. Or, SpectroCoin can also offer specific bitcoin solutions for those businesses.

Debit Card

Like a growing number of wallets, SpectroCoin now offers a debit card. The prepaid debit card can be used as an ordinary payment method. You fund your SpectroCoin account, then pay a small fee to have the debit card delivered to your address. You can top up the debit card, then spend it as you would normally spend a card. You can take it to merchants or ATMs that accept debit cards (it works wherever VISA or MasterCard payments are accepted).

Using your SpectroCoin account, you can fund the wallet instantly.

The debit card can be used at 30 million ATMs and 25 million shops around the world. Both virtual and physical cards are available. There’s no verification required, although you’ll enjoy higher debit card limits if you verify your identity.

The debit card has average fees. You’ll pay $9 USD, 8 EUR, or 6 GBP (you can choose to denominate your card in one of those three currencies). There is no loading fee, although you’ll pay a monthly service charge of 1 USD, 1 EUR, or 1 GBP. Verified users enjoy unlimited lifetime withdrawals and deposits.

Exchange

The SpectroCoin exchange allows you to trade bitcoin and fiat currency (just Euros). SpectroCoin itself acts as a liquidity provider for clients, which means your bitcoins are bought and sold immediately. Obviously, that means you’ll pay a slightly worse exchange rate than you normally would on an exchange, so check before you buy.

The exchange is available in 150+ countries and accepts 30+ currencies. There are 20+ deposit and withdrawal methods available.

Deposits and Withdrawals with SpectroCoin

SpectroCoin allows clients to deposit and withdraw funds in a number of different ways. You can do a localized bank transfer in 26 countries (most major European countries). You can also deposit funds through electronic wallets, including Payeer, PerfectMoney, and OkPay. These two methods typically take about 24 hours to process.

Like most other wallets, you can also deposit money with debit or credit cards, or through bitcoin. If you use bitcoin, your deposit is processed in 15 to 60 minutes.

Once you’re ready to withdraw your money, you can do so by performing a localized bank transfer. Funds can reach the client’s bank account within 2 hours. Or, you can withdraw via an international wire transfer, which can take up to 48 hours to process.

Alternatively, you can withdraw funds to another electronic wallet. Interestingly, SpectroCoin also offers vouchers that you can spend on popular services – like for mobile top-ups or on Amazon gift cards.

About SpectroCoin

SpectroCoin was founded in February 2013. The company initially operated as a decentralized exchange, which launched in July of that year. By February 2014, the company had launched its SpectroCoin wallet, which allowed customers to hold funds in the form of bitcoins or Euros. Later in 2014, SpectroCoin launched its merchant payment platform for online and offline businesses. Finally, in May 2015, SpectroCoin introduced its bitcoin prepaid debit card.

The company was founded by Vytautas Karalevičius, Mantas Mockevičius, Justas Dobiliauskas.

SpectroCoin is based in London, but is managed by a Lithuanian/UK company named Spectro Finance Ltd.

You can contact SpectroCoin by email at helpdesk@spectrocoin.com.

Conclusion

SpectroCoin is a popular multi-featured bitcoin company that offers a wallet, a prepaid debit card, an instant exchange, and a payment platform for merchants. The company was founded in 2013 and is based in London.

You can learn more about SpectroCoin by visiting the company’s official website today at SpectroCoin.com.

xCoins isn’t your typical Bitcoin exchange. It’s an exchange that focuses on connecting lenders to buyers. That’s right, lenders.

Lenders fund their account with Bitcoin, then select their interest rate. On the other end of the transaction, buyers select from an array of loans, choose the one with the terms they like (alternatively, they can be auto-matched with a loan), then pay with their preferred payment method (credit card, PayPal, or ACH transfer).

They call the process of using money as collateral a secured loan. According to their FAQ, you can pay back the Bitcoin loan with Bitcoin at any point in the future, then receive your money back minus any less fees.

Anyone interested in xCoins might be asking themselves a few questions. The most burning question we’ve received is whether or not the site is actually a legitimate way to buy and sell Bitcoin.

xCoins Key Information

There is surprisingly little information available about the company on the site. They don’t have an ‘About’ page, nor is there any publicly available information about them. Fortunately, they do list a legitimate address on their website. However, they lack a phone number.

While not complex, I would not suggest xCoins for complete beginners to the world of Bitcoin. Consider using CoinBase to buy your Bitcoin instead.

Public Opinion of xCoins

xCoins does not have the best of reputations in the Bitcoin community. Over the course of the past year that they’ve been in operation, they have received their fair share of complaints. Keep in mind that virtually every exchange site usually has a substantial set of negative reviews, but each review is usually reflective of the overall platform or service.

Almost every complaint about xCoins comes from the lending side of their business. Common complaints found on Bittrust and the BitcoinTalk Forums are:

• PayPal account suspended. The most common complaint from lenders is that their PayPal account was frozen for 180 days due to potential fraudulent activity. You see, lenders are paid through PayPal, regardless of the payment method selected by the buyers. If you are doing a high volume of loans, this results in an influx of activity on your account. PayPal sees this and suspects fraud.This complaint is common enough to dissuade many from using this service as a lender. It has gone unmentioned by xCoins, as far as I could find, and there likely is not a solution for it. It’s a fundamental flaw of the xCoins platform that the xCoins team should visit in the near future.
• No answer from customer service. When the service first opened, xCoins was severely understaffed. They received a fair amount of publicity, which naturally made business boom. When people had problems, they reached out to customer support. Some received no answer, so they headed to Bittrust and BitcoinTalk to vent their frustration.By all accounts, this problem has been solved by hiring more customer service representatives. There are also responses on review sites and the forums from xCoins staff, showing that they have tried to remedy the problem.
• Unable to withdraw funds. While not the most common complaint, some buyers have complained that they cannot withdraw their Bitcoin. Fortunately, these complaints were addressed by xCoins staff and remedied.

xCoins has a long way to go in establishing a stellar reputation in the Bitcoin community. They will need to find a way to prevent PayPal from freezing accounts, if such a thing is even possible. Additionally, they’ll need to focus on customer service.

What is the xCoins Process?

There are two sides to xCoins: buying and lending. Both sides have their own process.

The buying process:

1. Set up an account.
2. Specify how much Bitcoin you’d like to buy and make a payment with your preferred method (credit card, debit card, ACH, echeck, PayPal).
3. Receive Bitcoin to your xCoins wallet, which you can then (and should) transfer to your own wallet.

There is an ID verification process when signing up, so it’s best to sign up during business hours on weekdays so their staff can verify you.

The lending process:

1. Set up an account. You’ll also need a PayPal account.
2. Deposit the amount of Bitcoin you’d like to lend into your xCoins wallet. The minimum amount is $20 worth of Bitcoin.
3. Create your listing. You dictate the interest rate on the loan.
4. Wait for buyers, then receive payment to your PayPal account.

Be warned, your PayPal account may be frozen due to the number and nature of deposits.

Even though the entire process is called a secured loan, this is technically buying and selling. There are a number of possible reasons for calling it a loan instead of a sale, one of which is allowing PayPal as a payment method.

It does not appear as though people are paying back their Bitcoin loans with Bitcoin at a future date. However, that is an option that all buyers have. In this situation, they would contact the lender to return the Bitcoin and receive their money back. This gives me pause, as I think there should at least be a built-in system for repayment.

What Are the Fees for Buying and Lending?

Buyers are able to browse through different rates, which are set by the lender. Rates are between 15%-30% of the total loan amount. This is unusually high in the Bitcoin world.

Lenders set their own interest rate, and xCoins takes an undisclosed amount of the interest rate. So, lenders don’t pay any fees, but they do have fees deducted when their Bitcoin is loaned.

Changelly is a cryptocurrency exchange that aims to remove the technical barriers of traditional trading platforms. In operation since 2015, the service was originally associated with the Minergate team, which we recently reviewed as well; however, today these are two different companies (according to a source inside Changelly). Changelly uses an automatic trading robot that integrates with some of the largest trading platforms, including Poloniex and Bittrex. It operates by making bids and asks on respective exchanges to suggest the best available rates on trading pairs. This is a similar service to Shapeshift, and we’ve even compared the two companies in the past. Basically, Changelly allows you to trade cryptocurrency without registering at any exchange or needing verification.

Changelly offers the instant and seamless conversion of 80+ altcoins and tokens. The service already has over 700,000 customers onboard and processes over 50,000 BTC monthly. Changelly is partnered with Jaxx, Coinmarketcap, Bittrex, Coinpayments, Uquid debit card, Coinomi, and other reputable companies. In this review, we’ll consider the features, pros, and cons Changelly offers and whether the platform suits your needs.

How to use Changelly

Step 1: Decide what coins you want to change (e.g., Bitcoin to Ethereum, Litecoin to Dash, etc.).

Step 2: Verify the transaction fees.

Step 3: Enter your receiving address.

Step 4: Confirm and pay in your chosen currency.

Changelly Currency Support

The wide range of cryptocurrency trading pairs provided makes the platform particularly appealing. It creates an opportunity to exchange any two currencies with minimal fuss. Traditional cryptocurrency trading platforms generally have a limited selection of trading pairs, meaning that sometimes users have to make multiple transactions to receive their desired cryptocurrency. With Changelly, you can make up your own trading pairs with one transaction, letting the software take care of the trades. For example, you’re able to easily trade doge for steem in one transaction. Check out all of the cryptocurrencies on offer here. Recently, fiat currency support has been added to Changelly, with the inclusion of credit and debit card purchases. This is a welcome addition for new users, although there do seem to be teething problems during the conversion between fiat and crypto. It’s particularly important to pay attention to the fees with this feature.

Fees

Changelly boasts about its static-rate fees as a major benefit of its service. All trades guarantee a 0.5% fee, which is fairly competitive when all said and done. However, cheaper rates are available when working directly on market trading platforms. If you’re making multiple trades to move altcoins, then Changelly may actually become a cheaper option, particularly with smaller amounts. 0% withdrawal and commissions continue to be very welcome too, so you won’t find many hidden fees. There’s a massive caveat to mention here: trades from fiat currency (i.e., dollars, euros, etc.) claim to hold the 0.5% fee, but in reality, this doesn’t appear to be true. The rates vary with this method. You’re more likely to be trading at a massive cost—up to 40% on a bad day. Changelly does warn you about the high fees, and the team claim this is out of their control. To process these transactions, Changelly needs a third-party payment service, which massively varies the rate (currently Indacoin). It’s frustrating for sure, but I guess this is proof of why cryptocurrencies have such a bold future: they allow the world to exchange assets without a third-party allowing fees to be kept minimal.

Customer Support

There is no doubt that the whole industry is struggling to provide reliable customer service. Most companies are speculative startups that are growing their user bases exponentially. The teething problems remain noticeable everywhere, including Changelly. For the most part, Changelly seems to be doing a respectable job. Team members often reply to queries within hours, and there are many reports of problems being fixed in under 24 hours. The website is particularly clean and easy to understand, so users have a minimal learning curve to trade altcoins. An in-depth FAQ also helps you educate yourself about the ins and outs of basic cryptocurrency trades. Support is provided through an email form on the website. It would be nice to have a customer phone line, but this simply doesn’t exist on Changelly or any of its rival platforms such as Shapeshift.

Are you looking for a cryptocurrency wallet that allows you to store, transfer, buy and sell bitcoins, litecoins, ripple, GBP, EURO and USD? Then you are in the right place. Wirex combines traditional banking and digital money services; it began as virtual card provider and later expanded to other services.

Wirex was founded as E-coin in the December of 2014 by Dmitry Lazarichev and Pavel Matveev. E-coin initially focused on providing virtual visa debit cards and facilitating traditional currency exchanges; but re-branded to Wirex in the February of 2016 when they expanded their services to include cryptocurrency wallets.

The company has its headquarters in London, and offices in major cities across the world such as Singapore, Tokyo, Delaware, Toronto and Kiev. As of 2018, Wirex serves over 1 million customers in over 130 countries worldwide.

Wirex Main Features

Wirex offers cryptocurrency friendly accounts that have limitless functions to the users. Here are some of the benefits of using Wirex cryptocurrency accounts;

Buying of cryptocurrencies

You can buy cryptocurrencies such as bitcoins, ethereum, litecoins and altcoins using a Wirex provided cryptocurrency account. The limits of the amount of crypto you can buy in a given period is also high; exchange rates are also favorable when using Wirex.

Storage for various Cryptocurrencies

Wirex provides cryptocurrency wallet services to its customers. You can store various types of cryptocurrencies using a secure Wirex account. You can store cryptocurrencies such as ethereum (ETH), litecoins (LTC), bitcoins(BTC) and ripple(XRP) in your cryptocurrency wallet.

The wallet also contains a Shapeshift integration that allows to most of the digital currencies to your Wirex account.

Conversion of Cryptocurrencies to Fiat Currencies

With a Wirex Cryptocurrency wallet you can convert bitcoins and other cryptocurrencies to the traditional currencies such as the USD and the EURO. This type of exchange is an advantage over many other cryptocurrency wallets.

You can withdraw fiat currencies at the ATMs because bitcoins are instantly convertible to traditional currencies.

Free transfer of money

You can transfer money to other Wirex users anywhere in the world free of charge. You can also send money directly to any person without the use of traditional money sending services at very low fees.

The transfer of money is secure and fast. The developers ensured that the money transfer process is personalized; with simple to understand steps that make it fast to complete.

 Wirex Verification

Just like any secure platform in the internet, you must be verified before you become a member of the ever growing Wirex family. Verification is a simple procedure during which you provide your personal details including place of residence too. There some documents that you have to upload to confirm your personal details; they include, proof of residence(POR) and Proof of Identity (POI).

Wirex only accepts a POR document that is not more than 3 months old. You can upload a utility bill for your house such as water or electricity bill. You can also upload a bank statement; Wirex accepts only scanned bank statements, so do not use online bank statements as POR.

For the Proof of Identity, you can use a driver’s license, an identity card, a work permit or even a government –issued passport showing the MRZ code. Once you have all of these documents, then you can complete the verification process and open a Wirex account. Verification take about 7 days to be completed, so be patient.

In conclusion

Wirex has continued to improve the security of its customers’ accounts by introducing technologies such as Multi-Sig, SSL encryption and Support Security. Click here to read more about Wirex exchange.