I was going through all my 2FA account backup bits of paper at the weeked and found a few I hadn’t used for ages and came across Spectrocoin from an account I had set up in 2014.
Obviously I had lost interest in them since like many others they had never managed to find a UK friendly bank to allow BACS/FPS payments. Cryptopayme and the defunct Lazycoins did very briefly.
Like all the exchanges currently operating in the UK even seemingly with FCA blessing they still only offer a cheap way to obtain bitcoin IF you do a SEPA payment in EUROS to credit your account with fiat to start with. The best route for this is in the UK currently Fidor UK who do SEPA payments at £2.50 a go 🙂
Aka the current UK list appears to be:
cryptopay.me
coinfloor.co.uk
spectrocoin.com
So what is cool about SpectroCoin even with the SEPA payments madness plagued on all UK bitcoin exchanges:
- Open an account just with your social login FaceBook or Google accounts
- You can withdraw as gift vouchers. On the UK mobile phone networks and generate Amazon gift vouchers
- It has debit card which if your balance is ZERO incurs no monthly £1 charge, I’ve just ordered one
- You can transfer bitcoin to another spectrocoin.com account holder with ZERO bitcoin fees – instantly
- You can transfer bitcoin to someone who has yet to open a spectrocoin.com account holder with ZERO bitcoin fees just by entering their email address. They receive an email to open an account
- Their developer API section is the coolest documented reference I have ever seen
- If I were in the business of crypto payment integrated solutions at EPOS street level this would be the player I would be looking at. This platform right now has the ability to provide fee less bitcoin to bitcoin instant payments at retail level
- If you have a merchant wallet with Spectrocoin you can have you bitcoin automatically converted into British Pounds for example and not be subject to bitcoin price fluctuations
- At the end of a day a merchant can move their fiat to their Spectrocoin Debit card and pay suppliers instead of traditionally waiting receive cleared funds
- They have tech support people via web chat who are there in the evenings and the weekend UK time
Lets say that again in laymans terms – they have a real-time friction free in transaction fee terms at retail level, bitcoin payment solution that is not waiting for the lightning network and payment hubs in the following countries
I think is what the Americans call on-ramp, I do hope they stay in business!
My referral link is this one https://spectrocoin.com/en/signup.html?referralId=857436169
