Review on SpectroCoin EUR by Tibisay Alvarez
SpectroCoin EUR card
This firm began issuing debit cards with cryptocurrencies starting in 2015 and was one of those affected by the cancellation to WaveCrest. Luckily they managed to find a new provider and now They also offer a new prepaid VISA card for EUR changes.
However, it must be considered that it is necessary to be within the European Economic Zone (EEA) to be able to request it; although, international transactions are possible at an additional cost. Likewise, it is required to previously have a SpectroCoin digital wallet, which allows to handle cryptocurrencies such as BTC, ETH, NEM and DASH; because this is the one that will be linked to the card. Each user goes through a rigorous KYC (Know Your Customer) process and the service is completely centralized.This card can be considered quite good because it can be used worldwide, for providing low rates on purchases, for its fairly good security and for its availability worldwide. But it also gets carried away by that to implement high fees for ATM withdrawals and limitations on them.
Pros
- The cost of issuing the card is 7 EUR and its maximum balance can be 8,000 EUR.
- The linked wallet also allows you to buy, sell and exchange various cryptocurrencies.
- Accepted in multiple online and physical stores
- It can be used worldwide
- It presents a unique security.
- In case of inactivity, it does not generate charges
Cons
- The ATM withdrawal fee could be considered expensive
