THORWallet Card

#44 (out of 51) in Crypto Cards
#31 (out of 37) in Crypto Cards for Europe
#10 (out of 11) in Non-Custodial Crypto Cards
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5.1
Overall Rating
CRITERIA:
Company Strength
2
Fee Structure
4.2
Customer Service
9
PROS:
  • Apple Pay enabled
  • Great customer service
CONS:
  • Virtual card (no physical), so no ATM withdrawals
  • No cashback rewards
Visa or MC
Debit or Credit

Debit Card

Denominated In€ EUR
Apple PayEnabled
Monthly Fee

0.00 EUR

Monthly Inactivity Fee

0.00 EUR

Crypto to EUR Crypto->EUR Conversion Cost

~1.75% + Gas Fees

Cashback

None

Daily Spending Limit

5,000 EUR

Daily ATM Withdrawal Limit

N/A (Virtual-Only Card)

Foreign Exchange Fee

1.5%

Crypto to Fiat Conversion

Manual when Preloading

Crypto Asset Management

Non-Custodial (connect your own wallet)

Supported CountriesShow All (30)
Supported Blockchains
Supported CryptocurrenciesARBETHUSDCEUSDT
Your THORWallet Card: virtual-only, but equipped with Apple Pay.

Your THORWallet Card: virtual-only, but equipped with Apple Pay.

THORWallet Card Benefits and Rewards

Currently, the ThorCard does not offer cashback. However, they plan to introduce it in 2024 by redistributing 50% of their earnings from the card program as cashback rewards to users.

THORWallet Card is a Debit Card

  • Debit Card
  • Credit Card
  • Prepaid Card
  • CH88 8888 8888 8888 8888
  • Switzerland flag IBAN Bank Account
  • in your name

With THORWallet Card, you'll get a true debit card experience, directly connected to a bank account. You'll receive a Switzerland-based IBAN bank account number issued in your name, and any funds you deposit into your account will become immediately available for spending on your card.

Useful:Some crypto card companies only allow fiat deposits from accounts that are directly in your name. With THORWallet, third party senders are able to deposit funds into your bank account, which means you can receive fiat withdrawals from exchanges or receive salary payments.

It's Issued Solely in Virtual Form, Lacking a Physical Version

THORWallet Card is available solely in virtual format, unlike 40% of crypto cards offering both physical and virtual versions. This means you cannot use it for ATM withdrawals, or at places like car rental companies or hotels that require a physical card for security deposit and identity verification. The virtual card will be issued to you instantly after you complete the KYC Identity Verification.

Wondering about the pros and cons of virtual-only format? Here are some highlights:

No Physical Card
Virtual Card
No ATM WithdrawalsInstantly Available, No Waiting for Mail
No Card when Hotels or Car Rentals Require itIdeal for Online Purchases
No Card When Phone Dies or no InternetEnvironmentally Friendly
No Feel-Good Backup Payment MethodNo Tangible Item to Misplace

Useful:Since THORWallet Card supports Apple Pay, you can still use this card in real life, to pay for everyday purchases.

Crypto-to-EUR Conversion Cost with THORWallet Card

THORWallet Card Requires Pre-Load

Before you can use your THORWallet Card, you will need to top-up your account. This means you will have to convert your crypto in advance, exchanging it to EUR and moving it to the card account, to make it available for spending.

Crypto
Crypto to Fiat Conversion Fee1%
Broker Sell Spread~0.75%
Load Fee0%
Transaction Fee
0%
Gas Feesvary
Total Crypto to EUR Cost~1.75% + Gas Fees
EUR

Reality Check:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with THORWallet Card will cost you about the same (~1.75% + Gas Fees).

From all crypto cards we reviewed for Europe, WhiteBIT Card, Holyheld Card and Trade Republic Card offer the cheapest crypto-to-fiat conversions (~0.28%, ~0.5% and ~0.7% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.

How Does THORWallet Card Compare to Other Crypto Cards?

THORWallet Card ranks #44 out of 51 amongst all the crypto cards we have reviewed so far. This means it's one of the bottom 20%. But don't rush to judge, our rating is based on company strength, fee structure and customer service - if this card supports your country while others don't, or you use their other services, this card may still be a good choice for you.

In addition, THORWallet Card ranks #10 out of 11 amongst Non-Custodial Crypto Cards.

We compared THORWallet Card with 36 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.

Strongest Features Against Competitors

Here are the strongest features of THORWallet Card against its 36 competitors:

  • Offers Apple Pay (while 40% of competing crypto cards don't).
  • Their customer service is very good with a 9/10 score (others score only 7.5/10 on average).
  • This crypto card is non-custodial, which means you keep the keys to your crypto assets and can connect your own wallet. You have full control, unlike with custodial cards that manage your crypto assets.

Weakest Features Against Competitors

Compared to its 36 competitors, here are the shortcomings of THORWallet Card:

  • Doesn't offer any cashback (while other cards give an average of 4%).
  • Daily spend is capped at 5,000 EUR (while other cards offer 10,500 EUR daily spend limit on average).
  • Supports only 4 cryptocurrencies (while other cards support an average of 15).
  • Less-known company with a 2/10 company strength score (the average for all competing cards is 6/10).
  • Requires preconversion of crypto to load the card (while 30% of competitors auto-convert on every purchase).
  • Only available in virtual format (while 40% of competing crypto cards offer both physical and virtual cards).
  • Supports only one blockchain, Arbitrum (while other non-custodial cards support an average of 6 blockchains).
  • THORWallet Card vs. COCA Card vs. Holyheld Card

    THORWallet Card
    COCA Card
    Holyheld Card
    Monthly Fee 0.00 EUR 0.00 EUR 0.00 EUR
    Crypto to Fiat Cost ~1.75% + Gas Fees ~0.5% + Gas Fees ~0.5%
    Highest Cashback None None up to 1%
    Entry-Level Cashback None None 0.5%
    Daily Spending Limit 5,000 EUR 30,000 EUR 10,000 EUR
    Daily ATM Limit N/A (Virtual-Only Card) N/A (Virtual-Only Card) 5,000 EUR
    Foreign Exchange Fee 1.5% 0% 0%
    Asset Management Non-Custodial Non-Custodial Non-Custodial
    Availability for United States flagUnited States
    Supported Cryptocurrencies 4 4 1201
    Apple Pay Enabled Not Enabled Enabled
    Customer Service Great Average Great
    Company Strength Weak Weak Medium

    If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. COCA Card offers the highest daily spending limit of 30,000 EUR. You will get lower daily limits with THORWallet Card and Holyheld Card.

    Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Holyheld Card offers the best cashback rewards of up to 1%. With THORWallet Card and COCA Card, you will have no cashback rewards at all.

    To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.

We Tested THORWallet's Customer Support

We asked THORWallet's customer support different questions, and then rated their responses to evaluate how good their support is.

Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.

THORWallet offers support via the following channels:

Telegramhttps://t.me/THORCardSupport
Discordhttps://discord.com/invite/8zaNqvPwjJ

Location: THORWallet customer service reps are located in Switzerland flagSwitzerland.¹

Support Channel Our Interaction Score
Telegram
(replied in
1 min)
Fast and informative reply to a question about connecting an existing Fiat24 identity.
High Competence
Somewhat Personalized
Adequate English, Professional Tone
9/10
Discord
(replied in
4 h 26 min)
Clear answer to a question about rewards tiers. Provided a link with additional information.
High Competence
Somewhat Personalized
Flawless English, Professional Tone
9.5/10
Telegram
(replied in
7 min)
Quick and concise response to a question about 3DS security.
High Competence
Not Personalized
Adequate English, Informal Tone
8/10
Discord
(replied in
1 h 20 min)
Knowledgeable reply to a question about USDC balance not showing up.
High Competence
Highly Personalized
Flawless English, Professional Tone
10/10
Discord
(replied in
2 d 2 h )
Gave a good answer to a question about the benefits of using Fiat24 card via ThorWallet.
High Competence
Not Personalized
Adequate English, Professional Tone
8.5/10

To summarize,

Competence and Problem-Solving: THORWallet's customer service agents are highly competent, so you can expect every issue to be resolved with professional expertise and a thorough understanding.

Customer Love: Their responses will be personalized when they need to look up specific information from your account, although they may not always address you by name.

Reply Speed: Response times are inconsistent, ranging from as quick as 1 minute to as slow as 2 days.

Overall Customer Service Rating: 9/10

This excellent score places THORWallet's Customer Service well above the crypto card industry average of 7.5/10.

THORWallet Referral Code - to Get 5% Cashback on All Your Crypto Swap Fees

You can use referral code 675154 to get 5% Cashback on all your crypto swap fees.

Here's how you can enter the referral code when signing up:

THORWallet referral code

Your cashback will be paid out to you in TGT (THORWallet1).

p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗

Is THORWallet Card Available for Residents of United States?

No, THORWallet Card is not available for residents of United States.

THORWallet Card supports the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland.

To see our list of available crypto cards for United States, see this list. There are currently 9 cards listed there.

You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.

Very Informative. What's My Next Step?

Paulina Masson

Paulina Masson

Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.

⭑cryptonoshi
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