Spectrocoin Review How It Compares

Looking for a place to store your crypto? Need a way to convert your Bitcoin into euros? If so, SpectroCoin might be exactly what you need. But how can you be sure? Read our full review below to see what we think of Spectrocoin.

Dean Fankhauser3 min read

Our take

4 out of 5 stars

What is SpectroCoin? 

Spectrocoin is many things, it’s a digital wallet, it’s a crypto exchange, but the most interesting thing Spectrocoin does is allow its users to convert their cryptocurrency, like Bitcoin, into fiat currencies to pay for goods and services through the use of a debit card. You can also use your Spectrocoin account to accept payments for goods and services in the form of crypto. In addition to that, you can use your crypto holdings as collateral to take out loans in the form of cryptocurrencies.

SpectroCoin Wallet and Debit Card

Spectrocoins wallet works as a digital space for you to store your crypto holdings, like Bitcoin. Spectrocoin also gives members the option of linking the crypto stored in their wallets with a pre-paid debit card, which converts your cryptocurrency into fiat currency allowing you to use your crypto as payment for goods and services.

Spectrocoins Exchange

Spectrocoins exchange platform is easy to use and offers a variety of trading tools to help keep you up to date with the market. Spectrocoin doesn’t charge a fee for market makers, but market takers will be charged a fee of up to 0.1%.

Cryptocurrency Loans

Through Spectrocoin, you can use your crypto holdings as collateral to take out a crypto loan. If that’s something you are interested in doing, Spectrocoin seems like a good place to go. Users can get a crypto credit for as low as 25 EUR, with a maximum of one million EUR. Spectrocoin allows you to make loan repayments freely, so long as it’s repaid in full by the loan maturity date.


Midas.InvestmentsEarn higher yields on your crypto

  • 9.4% APY on BTC, 10.1% APY on ETH, 20% APY on USDC
  • Rewards are paid daily and in-kind
  • No limits, no lockups, no restrictions, and no tiers


Spectrocoin’s website hardly says anything about security. In fact, several reviews on Trustpilot seem to indicate that Spectrocoin may be scamming clients in some way. These allegations were a few years old, and most of the other reviews were positive, but it does raise a few red flags and it’s actually one of the first things you see when you look up Spectrocoin.


Fees vary based on which country the user is in, if you were a resident of the EU and you ordered a Spectrocoin card, you would only be charged nine Euros. A resident of the U.S, however, would be charged fifty dollars. Also, the card comes with a daily service fee of one dollar/euro, on top of that deposits in cryptocurrency are charged a 1% fee, exchanges in crypto cost 3% and ATM withdrawals cost 2.5%.

Compare with the best crypto debit card alternatives

VisaUp to 4% XLM, 1% BTC
Visa1–5% CRO, free Spotify & Netflix
Visa / Mastercard0.5%–1.5% BTC
VisaUp to 8% BNB
Mastercard2% crypto, 1% cash

Spectrocoin verdict

All things considered, and assuming you can afford the fees, Spectrocoin seems like a decent option if you need a crypto loan or if you like the idea of being able to use a debit card to access your crypto assets. That being said, residents of the United States are probably better off looking elsewhere given that the fees seem to be higher and the site is denominated in Euro.

Get Our Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox.

No spam, unsubscribe anytime. Read our Privacy Policy.