SpectroCoin, a bitcoin payment and wallet platform, has introduced Neteller as a new payment alternative in addition to its wide selection of over 20 deposit and withdrawal options.
The minimum daily Neteller deposit amount is €1, while the maximum daily deposit is €1,000. Last week, SpectroCoin also added custom transaction fees for the Bitcoin network.
As has been well documented, the increasing number of transactions has caused processing delays for some transactions due to Bitcoin’s scalability issue.
The SpectroCoin team said:
“Despite what many people believe, Bitcoin payments are not free and instant as there is a transaction fee to be paid to miners to process a transaction. Obviously, if there are transactions with higher fees that can be fit in a limited size transaction block, the transactions with lower fees will be postponed by the miners.”
To avoid inconvenience caused by unincluded transactions sent from user wallets, SpectroCoin created an option that allows users to set custom bitcoin transaction fees.
The usable custom range is 0.0001 – 0.005 BTC (default fee is 0.00075 BTC), higher transaction fees are processed faster. Transactions made from one SpectroCoin account to another are still completely free.