CoinsOnCards

    Issued by Fiat24 (operated by SR Saphirstein AG) — FINMA FinTech license (deposit-taking)

    THORWallet CardReview

    Non-custodial virtual MasterCard linked to a Swiss IBAN, funded by USDC on Arbitrum.

    3.0· Updated: $TITN token launched May 23, 2025
    Visit issuer
    Cashback
    Up to 0.00%
    Custody
    hybrid
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: DeFi users valuing self-custody, Swiss banking security, and high spending limits.

    Skip if: You need a physical card, instant cashback, or live in the United States.

    • Standard tier has a 1% fee; Platinum tier costs 15 ETH for 0.25%.
    • Supports Apple Pay/Google Pay but is a virtual card only, with no ATM access.
    Get the THORWallet Card

    How it works

    • The card is a virtual MasterCard linked to a full Swiss IBAN account with multi-currency support (CHF, EUR, USD, CNY). It is compatible with Apple Pay, Google Pay, and Samsung Pay for contactless and online payments. The platform offers high spending limits, reaching up to $200,000 per month for premium tiers, and bank transfer limits up to $10,000,000 per month. All banking and card features are managed exclusively through the THORWallet mobile app.

    Funding: USDC (Arbitrum) · USDT (Arbitrum) · ETH (Arbitrum) · SEPA bank transfer · SWIFT bank transfer

    Tier requirements & loyalty

    Referrals: 20% commission on card-related fees for Gold and Platinum users

    Fees

    BankingSEPA: true · SWIFT: true · IBAN: true · Virtual accounts: true · Swiss IBAN Account with multi-currency support (CHF, EUR, USD, CNY). Fiat funds held directly at Swiss National Bank as 100% reserves. Free SEPA and SWIFT transfers for top-ups.

    Borrowing terms

    This is a prepaid debit card, not a credit card

    Custody & risk

    • If the issuer disappears
      If the provider disappears, unconverted crypto remains accessible to the user. Fiat held in the IBAN account is subject to Swiss banking protections.
    • Counterparty risk
      Fiat funds are held custodially once converted, subject to Fiat24/Swiss banking protections
    • Market risk
      Rewards paid in volatile $TITN tokens, rating penalized for payout in volatile TIT tokens
    • Regulatory risk
      Geographic restrictions may change; not available in US and sanctioned jurisdictions

    THORWallet employs a hybrid custody model. Users retain full self-custody of their crypto assets, controlling their own private keys until they manually initiate a conversion to fiat. Once converted, the fiat currency is held custodially in a Swiss IBAN account where funds are backed 100% by reserves at the Swiss National Bank.

    Protections

    • Two-factor authentication
    • Biometric locks
    • Instant card freeze/unfreeze
    • 3-D Secure for online purchases
    • AML monitoring and transaction screening
    • Multisignature and threshold signature scheme (TSS)

    Insurance & coverage: Fiat funds held at Swiss National Bank as 100% reserves under Swiss regulatory requirements

    Custody partners: Fiat24, Swiss National Bank

    Limits

    notes
    Monthly bank transfers: ~$100,000 Standard, ~$1,000,000 Gold, ~$10,000,000 Platinum. Users in certain higher-risk countries on Standard tier receive only bank account access with $1,000 monthly limit and no debit card.
    daily spending
    See card_tiers ($10,000 Standard, $100,000 Gold/Platinum)
    monthly spending
    See card_tiers ($20,000 Standard, $200,000 Gold/Platinum)

    The good

    • Non-custodial crypto control until manual fiat conversion.
    • No monthly or annual fees for any tier.
    • Up to $200,000/month spending limit on premium tiers.
    • Low 0.25% conversion fee for 15 ETH Platinum tier.

    The catches

    • Virtual card only; no physical card or ATM access.
    • Card-spend cashback is not yet live (Q4 2025 target).
    • High upfront cost for premium tiers (up to 15 ETH).
    • Direct top-up limited to USDC, USDT, ETH on Arbitrum.

    Limitations

    • majorCurrently virtual card only (no physical cards available)
    • majorSignificant one-time fees for Gold (1.5 ETH) and Platinum (15 ETH) tiers
    • majorNot available in the United States and several other jurisdictions
    • moderateCard-spend cashback rewards still in development (targeted Q4 2025)
    • moderateLimited to three cryptocurrencies for direct bank account top-up (USDC, USDT, ETH on Arbitrum)
    • moderateCard issuance limited to residents of ~65 countries (though banking available in 100+)
    • moderateNo ATM access due to virtual-only card format
    • moderateIn restricted availability countries, Standard tier users receive only bank account with $1,000 monthly limit and no debit card
    • minorBanking and card features only manageable via mobile app (not web app)
    • minorManual conversion required before spending (no auto-conversion at point of sale)

    What users say

    App Store
    4.0/5.0 (112 ratings)
    Google Play
    4.0/5.0 (535 ratings)

    Positive: App design, customer service, non-custodial philosophy. Critical: Lack of physical cards, delayed card-spend cashback implementation. Good technical reliability with no significant reports of downtime or transaction failures.

    Rating breakdown

    Net reward
    1.3
    Custody risk
    3.5
    Availability
    2.5
    User experience
    4.0
    Features & convenience
    3.0

    See our methodology for how we score each axis.