A crypto card with a Swiss account attached, rated 7.5 out of 10
Available in US
THORWallet is a self-custody crypto wallet with a payment card attached to it, plus a Swiss IBAN that sits alongside. That combination is unusual: most crypto cards give you a card and little else, and most IBAN providers give you an account with no card. Here you are supposed to hold your own keys, top up from stablecoins, and spend the balance like an ordinary prepaid card. My score for the card as it stands today is 7.5 out of 10. It scores well on who can get it and on everyday use, average-to-good on cost, average on top-up options, and mediocre on how much the provider tells you about the people behind it.
The conditions described here are current as of October 28, 2026.
Verdict: 7.5 out of 10, a good card for people already holding crypto
The short version: if you already hold crypto, you want a Mastercard rather than another exchange account, and you are comfortable with a card that spends a balance you loaded yourself, this card is worth a look. If you are trying to get banking services in a country where they are hard to come by, read the sections on who gets the card and what happens when something goes wrong first, because the same features that make this useful also make it hard to rely on.
| Criterion | Mark | Why |
|---|---|---|
| Who can get it | 9 / 10 | Available in 170+ countries including the US; depends on your country of residence and verification status |
| Cost | 7 / 10 | Basic $5 one-off, Premium $99 with an invite code ($124 listed); top-up 0%, FX markup 1.5%, ATM $1 at home and $5 abroad |
| Top-up options | 6 / 10 | USDC with no THORWallet top-up fee; an older page describes USDC on Arbitrum, other crypto swapped in-app, and bank transfer |
| Reliability and complaints | 6 / 10 | EMM Ventures AG (Zug), card and IBAN via Fiat24, issuing bank not named, licences not disclosed; no complaints found, App Store 3.9 out of 5 from 120 ratings |
| Everyday use | 9 / 10 | Premium gives a virtual and physical Mastercard, Apple Pay and Google Pay on the virtual one, $2,500 ATM per transaction; Basic is virtual only |
| Total | 7.5 / 10 |
The audience this card fits best is specific: people who use DeFi wallets, want a Mastercard and an IBAN, and do not want to hand over custody of their coins to an exchange. If that is you, the value proposition is real. If you want a bank that answers the phone, this is not that.
What holds it back from a higher score is not the fees. It is the silence. The public pages do not name the bank that stands behind the card, do not say what licences exist, and do not explain what happens to your balance if the provider or its partner stops. Where I mark something as not stated in the sections below, that means the card’s own public pages do not say it — not that the answer is no.
Will they give you the card?
They will, in most places, but not automatically. THORWallet’s FAQ says the card is available in 170+ countries, including the United States. Availability “depends on the user’s country of residence, verification status” and other eligibility rules. Russia does not appear in the country list.
That sentence is doing more work than it looks. The rule is framed by residence and verification, not citizenship — but if you are a citizen of a country under sanctions and you live elsewhere, you are in a different and much harder category, and the card’s pages do not resolve that for you.
There is a second, older set of numbers on the older IBAN/Mastercard FAQ page: a Swiss IBAN available in 50+ countries, and country-based standard monthly bank limits. Those run $100,000 for the EU, UK and similar jurisdictions, but only $1,000 for countries such as Turkey, Georgia, Armenia, India and Argentina. That is a very large gap, and if you are in the second group you should assume your banking features are much thinner than the marketing language suggests.
So the practical answer to “will they give me the card” is: probably yes if you live in a listed country and your verification completes, but the limits you end up with may be set by your country rather than by your plan.
How to get it
The sequence is short. Install the app, complete verification, order the card. THORWallet says the Basic card is “ready in 5 minutes” as a virtual card.
Verification is where this card stops being a self-custody story. KYC is mandatory for the banking and card side, and it is verified by the Fiat24 team. THORWallet states that it does not store KYC data. Basic users who hit the $10,000 initial monthly limit may be asked for an extra questionnaire to get higher limits, and the provider may ask about source of funds, wealth and tax residence.
The document list, whether proof of address is required, and the age threshold are not stated on the card’s public pages, so I cannot tell you what to have ready. On limits: after the “standard verification required during card setup”, Basic starts at a $10,000 monthly limit; going higher, up to $100,000, needs an extra questionnaire and a review. Processing time and official rejection reasons are not stated. The Fiat24 team does the verifying.
Third-party comparison sites describe what they observed in 2026 — an email, a phone number and an ID document; no proof of address and no selfie; a level called “Lv 3 ID-Verifizierung”; no verification time given. Treat all of that as unofficial. It does not come from the card, and a requirement can change without notice.
On the card itself: Mastercard. Basic is virtual only. Premium is virtual plus physical. The virtual card can be added to Apple Pay and Google Pay. The card currency is USD; the Swiss IBAN account also supports CHF, EUR, USD and RMB.
What it really costs: Fees, limits and what a normal day adds up to
Basic costs $5 one-off, and is free with an invite code. Premium costs $99 with an invite code, and is listed at $124 — one-off, no subscription. The Swiss IBAN account is free. No monthly fee is stated. Older Fiat24 tiers existed under the names Standard (free), Gold (1.5 ETH) and Platinum (15 ETH, one-time); the current pricing page is the two-plan version above.
On fees, the picture is short and mostly good: card FX markup 1.5% on both Basic and Premium, top-up fee 0%. The fine print says fees and limits are indicative and vary by jurisdiction and verification. The older tiers carried crypto top-up and FX fees of 1% / 0.5% / 0.25%.
| Fee or limit | Basic | Premium |
|---|---|---|
| Card issuance | $5 one-off (free with invite code) | $99 with invite code ($124 listed), one-off, no subscription |
| Monthly fee | None stated | None stated |
| Top-up fee | 0% | 0% |
| FX markup on card | 1.5% | 1.5% |
| ATM fee | $1 domestic / $5 international | $1 domestic / $5 international |
| ATM limit per transaction | $2,500 | $2,500 |
| ATM daily limit | $10,000 | $10,000 |
| ATM monthly limit | $20,000 | $60,000 |
| POS transaction limit | $20,000 | $100,000 |
| POS daily limit | $50,000 | $500,000 |
| POS monthly limit | $100,000 (starts at $10,000 until verified further) | $1,000,000 |
Now three ordinary payments, which is where fees stop being percentages and start being money:
A $30 coffee in your own country. The card debits the USD balance, there is no foreign exchange involved if the merchant prices in dollars, and the top-up fee was 0%. So effectively $30 comes off the balance. This is the case the card is good at.
The same $30 coffee in a country that prices in euros or francs. The card currency is USD and the Swiss IBAN account supports CHF, EUR, USD and RMB, with the card debiting the matching currency account in the app. You pay the 1.5% FX markup on top of whatever network conversion happens. On a large monthly spend that number is the one to watch, not the $5 or the $99.
A $40 supermarket shop where the card declines and you retry. This is where the silent costs live. A declined authorisation can leave a hold that stays for several days, typically up to 7. And a foreign-issued card can be declined outright at a shop that checks the BIN and finds an issuer country different from the billing address, because address verification is mostly offered in the US, Canada and the UK. If that happens to you regularly, the 1.5% markup stops being the story.
Two things I could not pin down: whether there is a free allowance on ATM withdrawals is not stated, and the older tier limits ($20,000/month and $10,000/day for Standard, $200,000/$100,000 for Gold and Platinum) tell you the ceiling has moved a lot over time.
How to Top it up
USDC is the clean path. The USDC top-up fee is 0% on both plans, and THORWallet says you top up in USDC. An older page describes USDC on the Arbitrum network, with other crypto swapped in-app and a bank transfer route also available.
What is not stated: the minimum top-up, and who pays the network fee for the deposit. That second one matters more than it sounds. On-chain network fees are charged by the blockchain, not by the card provider, so if you send USDC you are paying the chain regardless. Get the network wrong and the transfer is irreversible — there is no built-in recovery, and a deposit sent on an unsupported network or to an address belonging to another network can be lost or need manual support recovery with no guarantee.
One more gap worth naming: how you withdraw card balance, how you close the account, and what happens to any balance left inside are not covered on either FAQ page. If you are planning to move money out, ask support before you load, not after.
Paying with it every day
This is the strongest part of the card, and for Premium users especially.
Apple Pay and Google Pay: yes for the virtual card, per the Mastercard FAQ. That is the single most practical fact on this page, because most of your real spending will be through a phone wallet rather than a card in a reader. Whether any merchant categories or gambling merchant category codes are blocked is not stated.
Premium gives you a virtual and a physical Mastercard. Basic gives you the virtual one only. If your country’s issue is that you cannot get a physical card, that is the plan that addresses it.
Rewards are thin unless you hold the platform’s stake token. Basic pays 0%. Premium pays up to 0.5% in USDC, capped at $5,000 of spend per month in the first year, with the FAQ later describing a $2,000 per month cap; TITN stakers keep a higher cap and better benefits. The Swiss IBAN account carries none of this. Read the asterisk: it says cashback up to 0.5%, and eligible stakers only.
The app is the weak spot. On iOS the App Store listing showed 3.9 out of 5 from 120 ratings when I read it, requiring iPhone with iOS 17.0 or later, and listed in English only. The Google Play rating I did not read. The Swiss IBAN is available only in the mobile app, not the web app — worth knowing before you plan to manage an account from a desktop.
On getting money back if something goes wrong: there is no dispute or refund process on either FAQ page. The terms say the card contract is with the provider, which is a significant thing to know before your first large purchase.
What can go wrong
Nobody has complained about this card that I could find. A third-party search turned up no THORWallet-specific Trustpilot or Reddit complaints — the results were for other brands, including Trust Wallet and CL Card. A Trustpilot page for the brand exists; I did not read its score or count. Unofficial sources are warmer: one gives a community rating of 4.9 from 121 reviews, and a user report from February 2025 complains that the interface is more complex and less intuitive than other wallets. Those are not the same as a clean record, they are an absence of one.
The structural risks are more interesting than the complaint count.
THORWallet is not a bank, an e-money institution or a payment institution — it says so itself. The terms say THORWallet is not a card issuer, and the card contract is with the provider. The footer names EMM Ventures AG in Zug, Switzerland, and the card and IBAN run through Fiat24. The issuer or BIN sponsor bank is not named on the pages, and licences are not stated. One third-party page carries a heading that reads “reguliert durch BaFin”, but the body text it points to says only that THORCash, the fiat on-ramp provider, is fully regulated in Switzerland; another site also declines to name the issuing bank. None of that adds up to a documented regulatory position for the card itself.
Then there is the closure risk, and it is not hypothetical. In November 2022 Visa terminated its global agreements with FTX and the FTX US debit card programme was wound down by its issuer. In 2018 Visa suspended WaveCrest in Europe, closing all WaveCrest-issued Visa programmes. Those are two real programmes that stopped. When a programme closes, the usual sequence is a notice period, then spending and loading stop, then users are asked to withdraw remaining balances. I saw one 2026 closure reported by a single secondary source where new loads ended 8 July 2026 and spending stopped 8 August 2026 — unconfirmed, and included only to show the shape of the risk.
So: what happens to your balance if the card or the IBAN shuts? The card’s public pages do not say. That is the single question I would put to support before loading anything you would miss.
Security features are also largely unstated: card freeze, two-factor authentication, spending controls and any insurance or safeguarding of funds are not covered. KYC for the banking and card side is verified by Fiat24, and THORWallet says it does not store KYC data — the App Store listing describes THORWallet as a non-custodial DeFi wallet with a Swiss bank account, though I did not see that in my own read of the listing. Support is 24/7 in-app chat, standard on Basic and priority on Premium; unofficial sources mention German-language support, a ticket route via Discord and a Telegram community.
Finally, on tax: I am not qualified to advise you and nothing here is tax advice. What I can say is that in the US the IRS treats digital assets as property, so exchanging them for goods or dollars generally produces a taxable gain or loss, measured in local fiat currency at fair market value on the date of the transaction. Each card payment funded from crypto may therefore be a separate disposal. Take your own advice on this.
What to take instead
If the reason you are here is that ordinary banking is difficult, it is worth knowing that several cards in this category have more transparent pricing or clearer limits. None of these is a recommendation; the point is that you have choices.
MetaMask Card, scoring 7.1 out of 10, has the clearest economics of the group. Sign-up is open in 45 listed countries and territories — Andorra, Argentina, Brazil, Canada, Mexico, Germany, France, Spain, Uruguay among them — with other regions on a waitlist, proof of residency required, and US and UK sign-ups temporarily closed. It is a Mastercard from issuer Monovate with card provider Crypto Life, virtual first and instant, with a metal card pre-orderable after approval, one card per user. The virtual card is free with no annual or maintenance fee; metal is $199 a year. Fees are described as “minimal fee for each transaction” with the amount not stated on the pages I read, no additional MetaMask fees, and no foreign transaction fee. It spends directly from the connected wallet on Linea, Base, Monad and Solana, naming mUSD, wETH, EURe, GBPe, USDC and USDT. Cashback is paid in mUSD: 1% on Virtual, 3% headline on Metal limited to the first $10,000 spent, plus $FLY bonuses. The trade-off is a narrower country list and US/UK closures.
KAST, 6.1 out of 10, is the one with the most explicit fee schedule I found, but the tiering is expensive. Residence is checked at KYC — the country list is not published, and an ID from a restricted region can disqualify you even if you live in a supported country. Cards are virtual and physical, up to ten per user, Visa Platinum on Standard, Visa Infinite metal on Premium, Visa Infinite gold plated on Private. Membership is $0, $1,000 a year and $10,000 a year, billed annually upfront. Fees: stablecoin top-up 0%, card spend in USD 0%, transaction fee 0%, Apple and Google Pay 0%, non-USD FX 0.5%–1.75% depending on your country and card programme, non-USD transactions under $25 cost $0.10, and a declined transaction for insufficient balance costs $0.50. Cashback in USD is 1.5% on the first $2,000 a month, 2% on the first $10,000, 3% on the first $40,000, depending on tier.
TokenPocket, 5.8 out of 10, sits lowest. A Visa debit for a list of European countries and territories — Germany, France, Spain, Switzerland among them — and a Mastercard debit for Australia, Canada, Hong Kong, Japan, Taiwan, New Zealand, Singapore, South Korea and the UK. It runs on Arbitrum, the cards are virtual, and balances are in EUR24 and USD24. A 1% fee is charged on depositing crypto, which the provider says is refunded later through rewards and reduced transaction fees; the FX fee is not stated.
| THORWallet | MetaMask | KAST | TokenPocket | |
|---|---|---|---|---|
| Score | 7.5 | 7.1 | 6.1 | 5.8 |
| Network | Mastercard | Mastercard | Visa | Visa / Mastercard |
| Physical card | Premium only | Metal, optional | Yes | No |
| Entry cost | $5 one-off | Free (virtual) | $0 (Standard) | Not stated |
| Top-up cost | 0% | Not stated | 0% | 1% on crypto deposits |
| Cashback | 0% / up to 0.5% | 1% / 3% | 1.5% / 2% / 3% | Not stated |
Who I would recommend it to
I would recommend THORWallet to someone who already holds crypto in a self-custody wallet, has a listed country of residence, and wants a Mastercard plus a Swiss IBAN without giving up control of their keys. For that person, $5 for a virtual card, 0% on USDC top-ups, a 1.5% FX markup and Apple Pay on the virtual card is a genuinely good deal, and the Premium plan only earns its money if you need the physical card and the cashback.
I would not recommend it as your only financial interface. The issuing bank is not named, the licences are not disclosed, there is no dispute process on the public pages, no stated answer for what happens to a balance on closure, and the country-based limit gaps are large enough that the tier you get may not match the tier advertised.
The card suits people who understand what they are holding. Treat it as a prepaid card with crypto plumbing behind it, not as a bank account, and keep the balance you would be annoyed to lose.
Frequently asked questions
What is the THORWallet card?
THORWallet is a self-custody crypto wallet with a Mastercard attached and a Swiss IBAN alongside. You load a balance yourself, mostly in USDC, and the card spends that balance. Basic gives a virtual card only; Premium adds a physical one, higher limits and up to 0.5% cashback in USDC. The wallet is non-custodial; the card and account side run through Fiat24.
Is THORWallet a bank?
No. THORWallet states it is not a bank, an e-money institution or a payment institution, and its terms say it is not a card issuer — the card contract is with the provider. The card and IBAN are delivered through Fiat24, while the footer names EMM Ventures AG in Zug, Switzerland. The issuing bank behind the card is not named on the public pages and licences are not disclosed there.
Which countries can get the THORWallet card?
The FAQ says 170+ countries including the United States, with availability depending on your country of residence, verification status and other eligibility rules. Russia does not appear in the list. An older IBAN page mentions a Swiss IBAN in 50+ countries, and country-based monthly bank limits that fall from $100,000 in the EU and UK to $1,000 in places such as Turkey, Georgia, Armenia, India and Argentina.
Does the THORWallet card require KYC?
Yes for the banking and card side, and the Fiat24 team performs the verification. THORWallet says it does not store KYC data. Some users may be asked for an extra questionnaire to lift the initial $10,000 monthly limit, and the provider may ask about source of funds, wealth and tax residence. Official documents list, proof-of-address requirements and age thresholds are not stated on the public pages.
How much does the THORWallet card cost?
Basic is $5 one-off, free with an invite code. Premium is $99 with an invite code and $124 as listed, one-off with no subscription. The Swiss IBAN account is free and no monthly fee is stated. Top-ups in USDC are 0% on both plans, the card FX markup is 1.5%, and the ATM fee is $1 domestically and $5 internationally.
How do I top up the THORWallet card?
USDC is the main route and the top-up fee is 0% on both plans. An older page describes USDC on the Arbitrum network, other crypto swapped inside the app, and a direct bank transfer. Minimum top-up and who pays the network fee are not stated. Send on the network the card expects, because transfers are irreversible and a wrong-network deposit can be lost.
Can I add the THORWallet card to Apple Wallet?
Yes, for the virtual card, according to the Mastercard FAQ — and Google Pay works the same way. Premium includes a physical Mastercard as well, which is the plan to consider if you need something you can hand over in person. Basic is virtual only, so Apple Pay and Google Pay are effectively your only ways to tap in a shop.
Is the THORWallet card safe?
That depends on what you mean. The wallet side is non-custodial, so you hold the keys. The card side is a prepaid product from a provider that does not name its issuing bank or its licences on the public pages, and no dispute or refund process is described there. Nobody has complained about the brand that I could find, but an absence of complaints is not the same as a documented safeguard.
What are the THORWallet card limits?
Basic starts at a $10,000 monthly limit after standard verification and can go to $100,000 with an extra questionnaire and review, with $20,000 per POS transaction and $50,000 daily. Premium allows $100,000 per transaction, $500,000 daily and $1,000,000 monthly. ATM withdrawals are capped at $2,500 per transaction and $10,000 a day, with monthly ATM limits of $20,000 on Basic and $60,000 on Premium.
How do I withdraw money or close my THORWallet account?
That is the part I cannot answer for you. Withdrawing card balance, closing the account and what happens to money left inside are not covered on either of the card’s FAQ pages. Ask support before you load, and withdraw what you need to keep before you load what you plan to spend. Support is 24/7 in-app chat, standard on Basic and priority on Premium.
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