Bitcoin Forum

Hi all,
Is anyone using spectrocoin? Are they trustable? There's a scam accusation against them and their representative VytautasK hasn't logged in for a long time.

I think its better to stay away i have also stopped using them long time ago.
There are many other good alternatives to spectrocoin try them, here is list of some bitcoin debit card providers https://bitcointalk.org/index.php?topic=1410577.0

Cryptopay could be good alternative for you.

Sometimes I use Spectrocoin and don't have problems. Support is really helpful and fast responding. One thing that I don't like that they can ask for account verification - you may need to send your id scan. Spectrocoin have scam accusation, but it looks similar to fake accusation.

All of them ask for ID, it is the bank not the BTC side of things which do. Plus I think all have scam accusations also, like paypal :)

The scam accusations against s.coin are well documented, and the individuals involves have never retracted their claims.

Nope. Haven't used them ever since those scam accusations came out. I don't know about others but I don't trust them and
I wouldn't use them especially after reading all those accusations. Although there may still be some do, but I certainly am not one of them.

I've long ago tried out and found alternatives.

No i am not. But i ever use bitcoin about 7 or 8 months ago. That is last i use spectrocoin. I really do not think that spectrocoin will end with scam peoples. Even though if i see from promotion and developing is organized enough.

Yeah!Question is that.I have also well much known about s.coin scam accusations.When any coin little bit touch with scam accusations then it is hardly believe to trust that service.Spectrocoin has involved closing users account without any issue,also has blocked users account !
Right now it's better to stay away this such scam accusations site.Beware !

Was it ever 'trustable'?

This is the right question I guess ::)

There are so many reported issues regarding from this site including of closing accounts to those have huge amount if btc in their accounts, if I were you OP don't give a try for this site, try to something  trustable. Regards.

Amount of negative press Spectrocoin received is not something we can ignore. There are multiple accusations against them.
What is going on, is this: "They seem to be a selective scammers, that blocks arbitrarily customers' accounts with high balance."
Just read trust ratings in profile of VytautasK here:https://bitcointalk.org/index.php?action=trust;u=317543 (https://bitcointalk.org/index.php?action=trust;u=317543)

It is strange, how people with 4 days old accounts accuses us of scam and after authors of accusations disappear, new users are raising these issues again.

More strange is the fact, that nearly none of our clients complain about failures of our IT system or lags in loading of cards or withdrawals, because it never happens, as we try provide high quality service to our clients.

Another strange fact, that the first reply to accusation mentions our competitor which is has margin higher of 0.7% for example now to load SpectroCoin EUR card with 1 BTC you would get 847.1 EUR while mentioned competitor would only give you 840.906 EUR for 1 BTC, not to mention that our cards are cheaper by half (8 EUR vs 15 EUR), we have live support nearly all the time and a plenty of nice to have features.

PayPal also has a lot of scam accusations... (google it).

I leave it for you to judge.

You've finally logged in. Lol. My judgement has been always mine. You don't need to leave to that to me.

This site is confiscating the customers' funds, more than hundreds, I estimate there are more victims but keep quite, I hate these scammers.  ::) ::)  Never trust this kind of site any more, you need to trust reputable exchanges.

@VytautasK

I have sent my documents for my card's verification the 30th december and I'm still waiting for a reply from you and from the bank!!
What the hell?  4 weeks to check 2 fucking documents??

YOU WENT AWOL FROM THIS FORUM FOR NEARLY 2 MONTHS AFTER STEALING NEARLY 100 BTC FROM A FORUM MEMBER. NOW YOU HAVE THE BALLS TO COME HERE AND PRETEND THAT THERE IS NOTHING WRONG..

We have not stole anything. Second, "forum member" has disappeared for ages, who was only "forum member" to start a fake acquisition. Why you do not like our company so much?

Your are not only one if that makes you feel better :D
https://bitcointalk.org/index.php?topic=1037139.msg17610080#msg17610080

His issue was solved https://bitcointalk.org/index.php?topic=577176.msg17606706#msg17606706

Now on your case

OK. Waiting...

Card is still blocked i just checked - 2 min ago still can't use card funds.
https://bitcointalk.org/index.php?topic=1037139.msg17611246#msg17611246

Will send you my spectrocoin registered email at PM.

I hope for some help finally.

I have used a spectrocoin card  for prob around 1 year and never had any problems whatsoever with the. Until today, site is down, hopefully temporarily!!

I don't have any problems now, site is working properly. Maybe they were doing maintenace and were down for short time.

From what I have read, it seems its both trustable and untrustable at the same time depending on the experience everyoen had from patronising the services being rendered by Spec. But for me, I will say it is very much trustable since the admin has even responded and attended to some of the issues that have been raised.

That is not safe because they have not solved their scam accusation from about more than a half year and they are saying they will solve the issue sooner but not just think how will a person feel by losing 90 BTC in their exchange. Anyone can face that issue.

It is very hard to solve scam accusations when accuser has disappeared as his account was only created to make these accusations.

We are working hard to ensure our trustworthiness by being public, reacting to issues quickly and we have several developments on the way to improve trust of our company even more.

Still no resolution.
More than month now..

Trying to find a way to return funds to you as they are stuck in the card, which is blocked.

You need to check all facts about this scam accusation because the relative person create account for this accusation and after just few days he disappear and never cam back here on this forum for any update then how can you blame them I am using this site without any problem support is also very quick and good for any solution

A big company can't be down just because a newbie account post scam accusation about it. The first thing that people have to do is, prove. Is that any prove from that people?
Just look at their services, feel it, try it with small amount on your account, and judge it by self.

I was about to open an account with them, but I am hesitant after reading the accusations. I hope you guys can help me clarify my doubts .... for better or worse.


If I understood correctly ..... they allow you to put BTC in your account, but require ID verification to move/use your BTC?

Would'n it be easier for Spectrocoin to require your verification before they allowe you to use your account?

They way it is been done now, leaves too much margin in Spectrocoin's hands to retain and block your BTC on their side.

Case example:
1) You open an account in Spectrocoin and fund it with 2.0 BTC.
2) After a few days you need some BTC, let's say .... to buy some hash power.
3) They ask for ID verification.
4) You send ID verification.
5) They reject ID verification.
6) You resend ID verification.
The rejection and request for new ID verification can go on forever.

Conclusion: Your account gets blocked and you lost your 2.0 BTC.


Could someone please comment about my analysis or tell me about other alternatives to Spectrocoin?

I would also like to hear about the alternatives because I'm ljjking for a safe wallet, but I've read a lot of bad things about them. I opened an account there and have already transfered a small amount (without verification) and had no problems. But maybe this is because it was not  abig sum... So I kinda doubt, so I'm still in search.

Hi,
The issue is that a large number of our services do not require verification such as using of bitcoin wallet, loading card in small amounts etc, that's why we do not require verification from all our clients initially as verification is required for risky payment options such as deposits by credit or debit cards, bank wire transfers etc.

You should have no worries to use our services, as all authors of these accusations have disappeared.

People do not look to the authors that they are available or not but they look at your profile which make people to stay away from your service. If you will resolve the scam accusation according to the rules of bitcoin community then the DT member will remove your red trust and then no one will have doubt on your service and will use it without any worry or fear.

I Have to add a note here,

I have been using Spectro coins for a long time and have countless issues with them! they are not very honest at all!

Problems have been loading my account with bitcoin and them taking almost 48 hours some times to credit it to my account,
Also they change the price in bitcoin to insane amounts much lower than whats offered and every time use the excuse that the bitcoin price movement is volatile and it was much much lower at the time of the conversion, but looking on all exchanges there was no way that it was 200 euros lower and suddenly recovered.

The second Issue I had was just 2 days ago when one of my work friends started to use them, he requested a cash out to his bank account, Spectro sent the funds to an account he never requested them to go to and al they could say was we are sorry! the charges are now on him and he has lost money because of this, they keep to close the tickets he makes and tell him there is nothing he can do?


How is it possible that this exchange can get a withdrawl request and send the money to another account other than what was in the withdrawl request?

Are you going to trust your money in the hands of people that can make these huge mistakes??

Now no one answers support and they just try to sweep the issue under the table! very untrustworthy!

Please PM us with your friends information, we will look into this case.

The loading your account with bitcoin might take long only because you have used very low transaction fee as once your transaction is 6 blocks deep, your funds are loaded instantly.

i've been using em for last week doing very well for small amount. but when I send bigger amount I start get problem,deposit take more than 24 hours,then after send it to debit(which work) then failed at pos for unknown reason.

I see 2000 euro limit unload card but my account is set at 1000 dollars limit out of no where,as the guy told me,getting blank page when I want to withdrawl or unload.


Now im just trying to recover all my bitcoin from this site,definitively disappointed of that service,and hey,better trust me im a long boy here.

Start thinking maybe look for others guys who accuse em for scam,and get a lawsuit if I can't recover

Im tired of those joke-service, Bitcoin deserve people doing strong business

Please PM us your username to look into your issue in more detail. Sorry for any inconvenience.

Finally thanks to the spectrocoin bitcointalk support user. Finally get my bitcoin

Hope it'll stay like 3 first day I start,there's so much bad review on internet it make user fear plus lastest day problem

okey problem again with their services

My card is load about 900 buck but when I try to withdrawl I got lack of fund,no possible unloading card...


They start to piss me off playing with my money

maximum amount card is 2500 but real amount of withdrawl/unload is 1000,and they won't let you reach that limit,im currently blocked at 809,65$ of unload

There is also a weekly unload limit of 500 USD. Just verify your card and you will not have to face these limits.

Lol 8 day after I send withdrawl account paper they just resend me same message like they have forget everything I've send or done,what a bunch of noob

You guys are really fraudulent or totally unprofessionnal,I really hope its the second one

I WANT MY MONEY BACK

So since 29 may they still own my money... no news...

edit; after one month waiting I finally get refund,look legit just damn slow process

 
Totally nonsense. What about people from December complaining about Skrill and Neteller deposits. I have been unable to deposit from Jan 9 and still not able to make deposits using Skrill and Neteller. Just tired of their nonsense "system check and internal issue which will be fixed within few days" excuses. Completely irresponsible company.

any news on the stuck withdrawals guys? Hopefully you sorted them out.

My issue is with the "0.002 minimum" BTC withdrawal fee disguised as a network fee - see more in this Spectrocoin review (http://"https://coinvigilance.com/spectrocoin-review/").

You need to get rid of it to gain trust. No one does it, current network fees are in satoshis.