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SpectroCoin

Crypto Lending Platform

SpetroCoin allows users to use their cryptocurrency holdings as collateral to back their crypto loans.

SpectroCoin

Overview

What is

SpectroCoin

SpetroCoin allows users to use their cryptocurrency holdings as collateral to back their crypto loans.

SpectroCoin

fees

Taker fee =
Maker fee =

SpectroCoin

supported currencies

Twitter
@spectrocoin
Available in the US?
Year founded
2013
Accepted payment forms for
SpectroCoin
No items found.

Pros

  • Customer service that is quite responsive.
  • Simple methods and an easy-to-use UI.
  • Available all throughout the world with exception of few countries

Cons

  • Relatively high charges

Features

  • Loan-to-value ratio: The LTV ratio is the percentage difference between the loan size and the collateral value. SpecroCoin system will issue automatic notifications if the value of your collateral drops drastically. If you receive a notice, it proposes paying off a portion of your loan or boosting your collateral.
  • Simple user interface

SpectroCoin

Review

What is SpectroCoin Loans?

Vytautas Kаrаlеvu, Mantas Mockeviius, and Jutas Dоblаukа founded SресtrоCоn in February 2013, however the lending platform was not released until 2019. Crypto loans, or digital loans created with blockchain wallets as a foundation, are permitted on the brokerage platform.

Your crypto assets can be used as collateral in crypto lending, and after the loan is paid off, your crypto assets will be returned to your wallet address.

SpectroCoin crypto loans are available in a variety of currencies, including Bitcoin, Ethereum, and the euro. Users can use any of these cryptocurrencies, as well as traditional currencies such as the Euro, to make purchases (only available for verified users).

Loan-to-value (LTV) ratios range from 25% to 75% on the lending platform. Choosing a high LTV is a riskier alternative, but it allows clients to obtain the largest possible crypto loan with their crypto collateral.

The payment of interest is automated, and the amount will be deducted from the users' accounts on a monthly basis. Prepayments of the loans are not subject to penalty, thus users are urged to pay off the balance whenever it is convenient. The length of a user's crypto loan is also up to them.

Year Founded: 
2013
Check out SpectroCoin now
@spectrocoin

SpectroCoin

FAQs

Is
SpectroCoin
centralized or decentralized?

SpectroCoin

is a

Crypto Lending Platform

Is
SpectroCoin
available in the US?

Yes,

SpectroCoin

is available for users in the United States.

No,

SpectroCoin

is not available for users in the United States.

How many cryptocurrencies does
SpectroCoin
support?

SpectroCoin

supports

How many collections does
SpectroCoin
support?

SpectroCoin

supports

Customer Reviews Of 

SpectroCoin