Checkout my detailed Spectro Coin Review. The SpectroCoin Exchange & Wallet is known as a comprehensive financial service that aims to make the purchase, use, and trading of Bitcoin as simple as possible for the everyday user. On first appearances, it is a fantastic idea. Far too many people are still scared of using BTC – and missing out on potentially amazing returns by not investing in the cryptocurrency.
So what’s the problem? To put it bluntly, they have a terrible reputation of denying their customers access to their funds. Plus they claim to be regulated in the United Kingdom, but there’s no trace of SpectroCoin Limited having ever been accepted by that nation’s Financial Conduct Authority (FCA). Sure some customers seem to be able to use their SpectroCoin Accounts with relatively little problems, but there’s a growing body of people claiming this to be a sophisticated scam. So what’s the truth? Read on to find out.
- 1 SpectroCoin Review- Crypto Exchange & Wallet By Vytautus Karalevicus Exposed!
- 2 Masses Of Spectro Coin Wallet Users Have Seen Funds Just Vanish!
- 3 The SpectroCoin Exchange Company Was Not Registered In The UK!
- 4 → Also Check Our Recommended BO Systems ←
- 5 Conclusion- SpectroCoin Cryptocurrency Wallet/ Exchange Is a 100% Scam!
SpectroCoin Review- Crypto Exchange & Wallet By Vytautus Karalevicus Exposed!
BitCoin wallets can be a chore to set up and use. Some of the major wallet providers also have a dreadful reputation for being hacked, so the principle behind SpectroCoin Exchange is to simply bring this currency (they also offer Dash and Ether) into the mainstream. Just like a conventional bank account, users can choose to be issued with a typical ATM card (available in USD/EUR/GBP) for a negligible monthly fee, or keep their wallets entirely ‘virtual’.
However, the key to why SpectroCoin Wallets & Exchange reviews has attracted so many online traders is that it also offers convenient access to currency exchanges. Binary trading sites that currently offer crypto markets are, with a few notable exceptions, largely scams. Most traders instead purchase currency – with BTC currently making up around 65% of the market – and just set it aside. There’s nothing wrong with this SpectroCoin Wallet scam strategy in the long term but it ignores the incredible opportunity of conducting fast trades when the notoriously turbulent markets spike or fall. For example just last month BTC plummeted by around 25% in value, just to rally within hours. Those who bought at the right time earned literally thousands in just a few hours.
So it makes perfect sense that there is a huge gap in the financial industry for a company that offers immediate access to the exchanges as well as a convenient means of easily using accumulated funds. SpectroCoin review website also offers a service for merchants to accept crypto payments and immediately convert into one of the three currently offered mainstream currencies via respected services such as Drupal, Opencart, and Magento. At face value, it’s an imaginative and forward thinking service. The problem is that there’s plenty of evidence suggesting that SpectroCoin Exchange scam is either inept – or more likely a scam waiting for the right time to abscond with their client’s funds.
Masses Of Spectro Coin Wallet Users Have Seen Funds Just Vanish!
Let’s now get down to looking at why people ought to be very wary of using the SpectroCoin Exchange review website. It really takes something for any financial operation to have such an overwhelming negative online presence. Even SpectroCoin Reddit has a huge number of threads where people discuss how impossible it has been for them to actually access their funds. This is despite documented evidence of deposits (often well into the thousands) simply vanishing from their BTC wallets.
Our first reaction to this was to be on guard. After all, how likely could it be that maybe all these SpectroCoin complainants are just riled at having lost out with their trading and are looking to blame someone else? What really alarmed us was the interaction with the SpectroCoin customer service. One example serves to demonstrate what many other’s have reported. This trader had been in regular dialogue with their service team, because even though all registration documents had been delivered, funds deposited and linked to personal bank accounts, they couldn’t withdraw their funds from SpectroCoin scam wallet.
One example serves to demonstrate what many other’s have reported. This trader had been in regular dialogue with their service team, because even though all registration documents had been delivered, funds deposited and linked to personal bank accounts, they couldn’t withdraw their funds. Their customer service team insisted time and again that they needed fresh copies of these documents. On top of that, they provided a false screenshot of an account verification page that doesn’t feature anywhere on the SpectroCoin Wallet review website. After this dragging on for another few weeks, the account was suddenly closed without any refund.
What happened to the funds that were kept within that account? Obviously, we hopped on the phone and gave the FCA a call to see if this was a typical way that SpectroCoin scam conducts their typical business, or if maybe it was just a random technical mix up.
The SpectroCoin Exchange Company Was Not Registered In The UK!
Regardless of what kind of trading platform anyone chooses to use, the golden rule is to always opt for one that offers proven regulation. This protects you from exit scams/fraud – and means that crooks can be prosecuted/sued. The FCA explained to us that they have never had a listing with Spectro Coin review wallets or their parent company, Spectro Finance Ltd. Instead, they referred us to getting in to getting in touch with the Lithuanian financial services authorities and asking them.
We drew the line at this point because after a little digging about it was brought to our attention that SpectroCoin review website is run by Vytautus Karalevicus. Without drawing ourselves into making potentially libellous allegations, let’s just say that this guy has a terrible track record with separating people from their money. How do we know this? Partially because he has been outed many times for placing fake SpectroCoin scam reviews across the web to attract traffic to his various schemes. But mainly because most of his previous ‘enterprises’ involve just blocking people from accessing their funds.
Check out the many furious SpectroCoin Debit card & Wallet reviews about his most prominent other operation ICO Bankera – it is exactly the same model. So it really is that simple, and because so many people are increasingly reporting this issue with their SpectroCoin accounts it is clear as day that there’s a scam afoot.
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Conclusion- SpectroCoin Cryptocurrency Wallet/ Exchange Is a 100% Scam!
After thoroughly checking out this SpectroCoin scam service it is fair to say we were bitterly disappointed. They claim to have huge liquidity in reserve which should mean that there’s no reason why people ought to be having such difficulty accessing their money. One of their key marketing features is a constant reiteration of how fast and easy their cryptocurrency accounts are to use. All the evidence suggests that this is far from the case, which leaves two potential outcomes.
Firstly – and most optimistically – Karalevicus and his crew are just inept and for some reason, SpectroCoin Debit card has overextended itself and is facing collapse. Secondly – and most likely in our opinion – they’re just trying to attract as many people as possible during the current BTC boom with an eye towards performing a massive exit scam. Whichever the outcome happens to be, we can only recommend that anyone with a current SpectroCoin login account attempts to withdraw their funds right away. Anyone considering using the service should look about for much more legitimate options – this one is way too dangerous to consider registering with SpectroCoin Exchange review website at the moment.