SpectroCoin announced on Twitter today that it is expanding its services internally to allow users to withdraw or deposit funds in over 150 countries.
SpectroCoin is an all-in-one solution for Bitcoin. Services offered include a wide range of Bitcoin solutions, from exchanges to Bitcoin e-wallets. SpectroCoin builds its business policy on Bitcoin’s philosophy of making financing quicker, frictionless, and flexible. Our service provides a solution for each client’s needs instead of asking them to adapt to us. That includes every aspect of service, starting from the number of payout methods to the range of support languages available.
Why should you care?
When choosing the best way how to transfer money, you usually consider things like convenience, destination country, security and currency.
While it is easy to send fiat in countries within the EU using SEPA or local banks, when we are talking about transferring fiat currencies overseas the process is not as simple as it might seem for some countries.
Of course, you can always choose cryptocurrencies, but if you need to transfer EUR, SpectroCoin makes this possible.
Things to note
At SpectroCoin, international bank transfers can be made only in EUR and only to your own personal account. If you use a different currency for the transfer, additional conversion fees might be applied by your bank or another financial institution. At SpectroCoin, you will be charged only the initial processing fee, which can be found at the Fees and Limits section.
Another thing to note is that this is still a bank wire transfer meaning that there is still a processing time. International transfers are a reliable and secure payment method which take 5 business days, in average, to be completed. Also, you have to consider bank holidays and different time zones when estimating your transfer’s processing time, as it might be daytime in Europe and evening in Hong Kong.