Review on SpectroCoin by Praise Olagbadun
Have You Checked SpectroCoin Wallet, If Not Then Do
TThe cryptocurrency wallet is a site, be it in their mobile application or the web where cryptocurrencies can be traded, stored or even kept for passive income. Just as there are many cryptocurrencies in the blockchain network, so it is for crypto wallets. The crypto wallets on the blockhain network are so numerous that choosing one might be as difficult as choosing which cryptocurrencies to invest in. Many traders out there have a specific feature they look for in a crypto wallet but as for me, I guess security should be paramount, followed by the number of cryptocurrencies the wallet accept. Although the safest type of wallets are the hardware wallets, some software wallets are still secured and get this much security from storing funds in the cold storage wallet.
Among these many cryptocurrency wallets, I would be reviewing the SpectroCoin crypto wallet today. It is a crypto wallet that is based in the United Kingdom and started operating fully in the blockchain network in the year 2013, it has always been fully operated and controlled by the Spectro Finance Ltd. This mobile wallet got its recognition majorly due to the security features it offers its users. Just as I said earlier, security is paramount to me but I don't really know which is for every other person. The first security feature I would be talking about is their means of storing their users funds. This seems to be the most important as when traders have their funds in safe hands, they tend to be at peace. The SpectroCoin mobile wallet stores about 99% of their users funds in cold storage, which happens to be the most secured means of storing funds for mobile wallets. This would also help prevent hackers from gaining access to this fund because the fund is no longer stored online which is more prone to hackers than offline storage. Another means the company makes use of in protecting user funds is the wallets blockchain security architecture which helps prevent unauthorized access to their personal Information.
Also, the number of cryptocurrencies and fiats (if the wallet accepts fiats) the wallet accepts is another factor to put into consideration. As for the SpectroCoin mobile wallet, they accept fiat and also accepts them in a wide range. This fiats includes the United States Dollars (USD), Chinese Yuan (CNY), British Pound (GBP), United Kingdom Euros (EUR) and many other fiats out there. They also accept a wide range of cryptos which includes the popular ones like Bitcoin, Ethereum and a ton of many other cryptos, both the popular and those not popular. The wallet looks like a good one and I guess you should check its services and see if it suits you.
Pros
- The mobile wallet have been able to employ multiple methods to secure their user funds
- They tend to charge moderately for purchases, deposits and withdrawals
- The wallet has been able to gather some years of experience haven been in existence since the year 2013
- They have their mobile applications available for both Android and iPhone users
Cons
- I am yet to find any negative feature
