SpectroCoin: keys, security, fees and reviews
In short
- Custodian
- Custodial: balances and hot and cold wallets are operated and held by the SpectroCoin company Spectro Finance Limited.
- Fees
- Wallet: Inactivity fee after 12 months without deposits, withdrawals or exchanges: 2–10% of the balance per month, minimum EUR 5
- Risks and caveats
- Custodial service: SpectroCoin, not the user, holds the crypto, and it disclaims liability for losses from hacks, server failure or data loss.
- Checked
- 28 October 2026
Visitor ratings: do you like SpectroCoin?
Key facts
- Platforms
- web
- Official site
- spectrocoin.com
Key facts checked on 28 October 2026 against official sources.
Status
Since 30 June 2026 the Estonian operator Spectro Finance OÜ, which is not authorised under the EU's MiCA regulation, no longer onboards clients, accepts deposits or executes transactions; group companies in the British Virgin Islands and Panama state they still serve users worldwide.
What is SpectroCoin
SpectroCoin is a custodial crypto wallet and exchange platform, launched in July 2013, with web and mobile apps (Android, iOS since February 2015). Alongside the wallet it has offered crypto buying and selling, a debit card, personal IBANs, crypto-backed loans and merchant payments.
Who holds the keys
| Parameter | Details |
|---|---|
| Custodian | Custodial: balances and hot and cold wallets are operated and held by the SpectroCoin company Spectro Finance Limited. |
| Key control | SpectroCoin holds the crypto in its custody and may choose which blockchain network it uses to hold a given asset. |
| Account model | Online account with sign-up and identity verification; one account per person; two-factor security. |
Features and supported networks
| Parameter | Details |
|---|---|
| Platforms | Web browser, Android and iOS apps |
| Supported networks | Bitcoin, Ethereum, Dash, Litecoin, XRP, Stellar, Algorand, Dogecoin, Polygon, NEM, stablecoins (USDT, USDC, DAI, TUSD, USDP) and ERC-20 tokens |
| Buy / sell | Buy, sell and exchange crypto by card or bank transfer; personal IBAN and debit card |
| Loans | Crypto-backed loans with Bitcoin, Ether, XEM, Dash and others as collateral |
Security and audits
- Accounts are protected with two-factor authentication.
- SpectroCoin runs a bug bounty programme paying from up to US$200 for low-severity to US$4,000–15,000 for critical bugs, in Bitcoin or Ether.
- Closed-source custodial service; no public security audit is published.
Fees
| Parameter | Details |
|---|---|
| Wallet | Inactivity fee after 12 months without deposits, withdrawals or exchanges: 2–10% of the balance per month, minimum EUR 5 |
| Subscription | Unverified accounts may be charged 10% of the balance per month (minimum EUR 50) as a non-compliance fee |
| Buy / sell | USD withdrawals: 8.5%, minimum US$3 |
History
| Date | Event |
|---|---|
| July 2013 | SpectroCoin platform launched, founded earlier in 2013 by three entrepreneurs. |
| February 2015 | Mobile wallet app released on Google Play and the App Store. |
| January 2019 | Obtained two crypto licences in Estonia. |
| July 2019 | Launched SpectroCoin Loans (crypto-backed loans). |
| October 2020 | Introduced personal IBAN accounts. |
| 30 June 2026 | The Estonian entity, not authorised under MiCA, stopped onboarding clients, accepting deposits and executing transactions. |
Risks and caveats
- Custodial service: SpectroCoin, not the user, holds the crypto, and it disclaims liability for losses from hacks, server failure or data loss.
- The Estonian entity stopped onboarding and executing transactions on 30 June 2026 because it is not MiCA-authorised; product availability depends on jurisdiction.
- Users are not covered by government compensation or deposit protection schemes.
- Dormant accounts can be charged a monthly fee of 2–10% of the balance.
About the developer
- Legal entity
- Spectro Finance OÜ (Tallinn, Estonia), with group entities in the British Virgin Islands, St Vincent and the Grenadines, and Panama
- Founded
- February 2013
- Founders
- Vytautas Karalevičius, Mantas Mockevičius, Justas Dobiliauskas
- Licence / registration
- Spectro Finance OÜ is not authorised as a crypto-asset service provider under MiCA
Official links
- Website: spectrocoin.com
- Docs: spectrocoin.com/en/terms.html
- Security: spectrocoin.com/en/bug-bounty.html
- Support: help.spectrocoin.com
Questions and answers
Is SpectroCoin self-custodial?
No. SpectroCoin is custodial: the hot and cold wallets holding user balances are operated by Spectro Finance Limited.
Is SpectroCoin still available in the EU?
Its Estonian entity is not MiCA-authorised and has not onboarded clients or executed transactions since 30 June 2026; other group companies say they serve users worldwide.
Which coins does SpectroCoin support?
Bitcoin, Ether, Dash, Litecoin, XRP, stablecoins such as USDT and USDC, and a range of ERC-20 tokens.
Does SpectroCoin charge fees?
Yes. Deposit, withdrawal and exchange fees apply, and inactive accounts can be charged a monthly fee of 2–10% of the balance.
Who makes SpectroCoin?
The Spectro Finance group, founded in 2013 by Vytautas Karalevičius, Mantas Mockevičius and Justas Dobiliauskas.
Who issues the SpectroCoin card?
SpectroCoin says UAB "Pervesk" issues it, an electronic money institution with licence No. 17 from the Bank of Lithuania. It is a Visa debit card and is not covered by deposit insurance. Since 30 June 2026 SpectroCoin's Estonian company does not onboard new clients.
SpectroCoin Visa
| Parameter | Details |
|---|---|
| Status | SpectroCoin says that since 30 June 2026 its Estonian company Spectro Finance OÜ does not onboard new clients, accept deposits or execute transactions, and that the remaining product descriptions on its site are kept for record purposes only. |
| Type | Visa debit card loaded from the SpectroCoin wallet; crypto is exchanged before loading. |
| Issuer and licence | SpectroCoin says the card is issued by UAB "Pervesk" and that Pervesk holds electronic money institution licence No. 17 (6 November 2017) from the Bank of Lithuania. |
| Deposit insurance | The card is an e-money product and is not covered by the Lithuanian deposit insurance system; funds are held in a segregated account. |
| Card fees | Physical card €5, virtual card €1, monthly service fee €1 (cards issued after 14 June 2022; as of 31 October 2026). |
Checked: 31 October 2026 · spectrocoin.com/en/bitcoin-debit-card.html
Sources
- spectrocoin.com
- SpectroCoin — About
- SpectroCoin — Wallet
- SpectroCoin — Fees and limits
- SpectroCoin — Bug bounty
- SpectroCoin — General Terms & Conditions
- SpectroCoin — Virtual Currency Wallet Agreement
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