spectrocoin bitcoin debit card

SpectroCoin Bitcoin Debit Card Review

in News/Use Bitcoin by

What is SpectroCoin?

SpectroCoin is a London-based company that was founded in 2013 by Vytautas Karalevicus, Justas Dobiliauskas, and Mantas Mockevicius. The three founders applied their respective backgrounds in software design, international business, and cryptography to create their Bitcoin card in 2015. Today we’re going to have a look at how their card stacks up against some of the other we’ve reviewed.

SpectroCoin Review

SpectroCoin provides users with a Bitcoin wallet, an exchange to trade on, and a card to spend with. But SpectroCoin offers a bit more than your average Bitcoin Card issuer. They also cater to businesses in a way most of their competition doesn’t. SpectroCoin makes it possible for merchants to accept Bitcoin as a method of payment. Business users will be given options to use e-commerce plugins and databases.

The card itself functions much like any other Visa or Mastercard. It can be used anywhere those payment cards are accepted. Any cryptocurrency on the card can instantly be converted to USD, GBP, or EUR and spent in stores. Cardholders can of course also use the SpectroCoin card in ATMs worldwide.

Shipping and security 

The card is shipped worldwide for free and takes a few weeks to arrive. You also have the option of paying $75 for express shipping and get the card in less than a week. SpectroCoin has an app to go with the card. It allows you to access your wallet and view your balance. You can download it for both iOS and Android.

SpectroCoin does ask users to verify their identity with a passport or driving license as well as a proof of address. That means there is a stronger focus on security than on user anonymity. The security is good, however. You can enable two-factor authentication to add an extra layer of protection.


There are certain restrictions that apply to use the card. You can hold a maximum of $10,000 at any given time. You can only withdraw money from ATMs twice per day, and for a maximum of $2,000. There are no such restrictions on using the card in-store or online, however.

It’s easy to load money onto the card, and SpectroCoin is quite flexible in this regard. You have the option of receiving funds from bank accounts and payment services like PayPal.

spectrocoin bitcoin debit card

Advantages of SpectroCoin Bitcoin debit card

SpectroCoin covers the entire world, which is good news for all the countries not covered by other cards. Although not many use Windows phones anymore, SpectroCoin still caters to Windows users. There is a separate company card available for businesses, which is unusual in the Bitcoin card space.

Disadvantages of SpectroCoin Bitcoin debit card

It’s pricey to get the card shipped if you don’t want to way 3-4 weeks to get it. Some people have complained online about SpectroCoin being a scam, which is a bad look. That could be because the withdrawal fees for Bitcoin is very high with SpectroCoin. Reviewers have complained that they can be as high as  0.01 – 0.0005 BTC per transaction.

spectrocoin bitcoin debit card

SpectroCoin Bitcoin debit card fees

The physical Bitcoin debit card costs $9, and the virtual card costs just $0.50. There is an additional fee of $1 per month of usage. It’s free to load money onto the card if you’re using bank transfer or another SpectroCoin account. It becomes pricey if you want to use any other method. Credit cards cost 5%, and Bitcoins 0.5%. ATM withdrawals cost the standard $2.5 domestically and $3.5 internationally.


I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.