The internet is on the path of decentralization, cryptocurrency is the future and building outside the blockchain will eventually become an anommaly. Cyberspace and the society at large are slowly coming to terms with this fact and like wild fire, it is engulfing everything in its path.
There's tokens that represent different entities and values, they're the reason we mine, hold and trade; we need these tokens in our lives and invariably need newer ways of having direct access to them; the idea is having easy access to our portfolio and what better way than to have a crypto debit card like what Spectrocoin created for us
What Is Spectrocoin?
Spectrocoin is probably the answer to the question you've been asking for a while. I get tired of converting my cryptocurrency to fiat and then go through sneaky banks to access my hard earned funds in your portfolio. Mostly because I don't like the banks but that's my problem, the point is, with this service, we can now easily make withdrawals from many places in the workd using a specially designed cryptocurrency debit card that caters for your needs.
What you need to Know
Spectrocoin created a service that enables cryptocurrency holders easily use their cryptocurrency in the real world through a debit card and mobile app.
The platform is a subsidiary of Bankera
Bankera is developing a bank to be the bridge between the traditional financial world and the blockchain technology. With a highly skilled and dedicated team, innovative solutions and a strong foundation – SpectroCoin, a leading cryptocurrency exchange and blockchain wallet, Bankera is working towards its goal of becoming a blockchain-based bank.
This Platform is easily one of the best things on the internet; giving us the freedom to have control of our crypto and most importantly, cutting out sneaky banks but how does it work you ask? well that's a good question, here's how you can get access to this platform
- The first step is creating an account because it is of course a bank; to do that, you visit the homepage and scroll to the bottom of the page and input your email address
- You will be redirected to a portal where you suggest a password and then prove you're not a robot.
- complete the form with a decent passowrd, complete the Captcha and then submit the form. You will then be asked to verify your email through a confirmation link
- After completing the verification process and login in, the next step is to send funds into your new crypto bank account. The bank account has wallets for Bitcoin, Dash, Ethereum and a lot more.
- Spectronet offers a virtual card and a plastic debit card for account owners
The funds loaded into your spectrocoin wallet are loaded to your prepaid account instantly. - Cards can be denominated in dollars or Euros
Spectrocoin Facts
I highlighted some important information about Spectrocoin below
- Plastic card costs $50 while the virtual card costs 9 euros
- The virtual card is instant while the plastic debit card could take anywhere between 2-4 business days
- The prepaid card costs 1 dollar while the virtual card costs 1 euros a month respectively
- You are charged 1% for loading funds unto the card
- ATM withdrawals come with a $2.5 charge
- POS transaction come with a 0.25% charge
- Currency exchange is accompanied by a 35 charge
Observation
It is indeed a decent banking option but from my observation, there are other options with a lot more cheaper rates that provide basically the same services.
From a crypto-enthusiast point of view, I support anny platform that works in the shadows to facilitate the mass adoption of crypto in the society.
Suggestions
- Consider touching places outside of Europe
- Consider reducing the monthly charge and cost of getting the card.
Visit the Homepage andregister for your debit card.
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.