What is THORWallet? Own your Private Key and spend globally with a Mastercard.

THORWallet combines non-custodial cryptocurrency control with traditional banking through Swiss accounts and a global Mastercard. Control your finances through a non-custodial wallet—no hidden fees, directly debited from a secure Swiss bank account, with a global Mastercard in your pocket. With a licensed Swiss bank account and multi-currency Mastercard integration, it offers self-custody control and global spending power.

What is THORWallet? The Perfect Bridge Between DeFi and Traditional Finance

THORWallet is a non-custodial, cross-chain decentralized finance Wallet that allows users to manage digital assets and exchange them across different blockchains without the need for intermediaries, while also earning yields. It is designed as a mobile-first “super app,” integrating with the traditional financial world by offering features like a global Mastercard and a Swiss bank account, making it a comprehensive tool for both crypto assets natives and everyday users.

This definition sounds simple, but it actually represents an important milestone in the evolution of crypto wallets. Early crypto wallets only provided storage and transfer functions, and if users wanted to use crypto assets for daily spending, they had to withdraw to a bank account and then use traditional payment methods. Although the later appearance of crypto debit cards solved the payment problem, they usually required preloading and had high transaction fees. THORWallet has achieved a truly seamless experience for the first time by integrating Swiss bank accounts and Mastercard.

THORWallet was created by DeFi Suisse AG, an organization founded by Marcel Harmann in collaboration with the ThorChain ecosystem. The organization behind THORWallet is headquartered in Schwyz, Switzerland, and was launched on September 12, 2021. Choosing Switzerland as the headquarters is no coincidence; the country is known for its strict financial regulations, banking secrecy tradition, and cryptocurrency-friendly policy environment. Financial service providers registered in Switzerland must comply with strict compliance requirements, providing users with an additional layer of protection.

Overview of THORWallet Key Features

Completely Unhosted: Users always control the private key, THORWallet never holds funds.

Free Swiss bank account: Supports Swiss Francs, Euros, US Dollars, and Renminbi, providing IBAN and SEPA transfers.

Global Mastercard (65+ countries/regions): Seamlessly use crypto or fiat at over 40 million merchants.

Multiple currencies and low fees: Spend in USD, CHF, EUR, or CNY with simple fees.

High Spending Limits and Tiered System: Customized experience across three levels: Standard, Gold, and Platinum.

Coming Soon $TITN Cash Back: Earn tokens for every card transaction and unlock exclusive benefits.

This combination of features is extremely rare in the crypto wallet market. Most non-hosted wallets focus solely on encryption functions, while wallets that integrate bank accounts and payment cards often require sacrificing the core principle of self-custody. THORWallet has successfully found a balance between the two.

Swiss Bank Integration and No Preload Mastercard

THORWallet provides each user with a fully compliant Swiss bank account, supporting Swiss Francs, Euros, US Dollars, and Chinese Yuan, and is protected by Swiss regulatory oversight for your peace of mind. This integration includes IBAN and SEPA transfer capabilities, all within a single non-hosted ecosystem. IBAN (International Bank Account Number) and SEPA (Single Euro Payments Area) are standards for interbank transfers in Europe, and supporting these features means THORWallet users can receive and send fiat currency just like using a traditional bank.

Unlike many other crypto debit cards, THORWallet's MasterCard directly withdraws funds from your Swiss bank account. You do not need to constantly transfer Crypto Assets to the card; simply top up your account using USDC, ETH, or fiat currency, and spend when needed, making the entire process worry-free. This “no pre-load” mechanism is one of THORWallet's biggest innovations.

The problem with traditional crypto debit cards is that they require preloading. Users must estimate their spending amount and transfer crypto assets into the card account in advance. If they preload too much, the funds remain idle; if they preload too little, they cannot complete the payment. This experience is far less convenient than traditional credit or debit cards. THORWallet eliminates the hassle of preloading by directly linking to bank accounts, allowing MasterCard to deduct funds from the account in real-time.

THORWallet Mastercard supports spending in over 100 countries/regions in US dollars, Swiss francs, euros, and renminbi. It works seamlessly with Google Pay and Apple Pay, ensuring convenience at over 40 million merchants online and in-store worldwide. This wide acceptance means THORWallet users can use Crypto Assets almost anywhere Mastercard is accepted, from coffee shops to airlines, from e-commerce platforms to physical retail stores.

Cross-Chain Exchange and Non-Custodial DeFi Integration

The cross-chain exchange feature of THORWallet is supported by THORChain. THORChain is a decentralized liquidity protocol that allows users to directly exchange native assets across different blockchains without the need for wrapping or bridges. For example, users can directly exchange BTC for ETH without first wrapping BTC into WBTC (wrapped Bitcoin on Ethereum). This native cross-chain exchange eliminates bridge risks, as cross-chain bridges have always been a major target for hackers.

The application enables cross-chain exchanges, staking, yield generation, and Mastercard spending related to Crypto Assets. Thor Wallet is categorized as a hot wallet/software wallet/multi-signature Wallet specifically designed for cross-chain asset management. The user interface has been optimized for smartphones, making THORWallet particularly suitable for a mobile-first user base.

All DeFi features in THORWallet are completely non-custodial, meaning you retain control over your Crypto Assets and private keys. Whether you are staking, swapping, or simply holding your digital funds, THORWallet ensures an experience that maximizes convenience without compromising ownership. This design philosophy is the core value of THORWallet: providing bank-grade convenience while never sacrificing the principles of autonomy in cryptocurrencies.

THORWallet is a non-custodial/open-source wallet with optional multi-signature functionality. There have been no publicly disclosed major hacks or exploits. Standard security measures include key storage and direct on-chain transaction signing. The open-source code means that anyone can review the wallet's operational logic, significantly enhancing transparency and trustworthiness. The multi-signature feature provides institutional-grade security for users with large holdings or DAOs, allowing transactions to be authorized by multiple devices.

Three-tier system and upcoming $TITN token rewards

THORWallet offers three tiers - Standard, Gold, and Platinum - each designed with competitive fees and varying spending limits. From casual users seeking cost-effective solutions to high-volume consumers in need of larger transaction thresholds, there is always an option to meet diverse financial needs. The service is available in 65 countries/regions.

The standard level is suitable for casual consumers who want simple fees and no registration costs. This entry-level tier offers basic banking functions and Mastercard access, ideal for users who occasionally use Crypto Assets for payments. The gold level is very suitable for active users who require higher limits and lower fees. This intermediate level provides more favorable trading conditions, ideal for users who frequently use Crypto Assets for payments or make cross-border transfers. The platinum level is designed for bulk consumers seeking maximum flexibility, lowest fees, and top-tier privileges. This top tier may include dedicated customer support, higher daily spending limits, and the best exchange rates.

The upcoming features are even more exciting. What you gain is not just convenience, but also the opportunity to earn income from every card transaction. $TITN Token issuance is supported by THORWallet, $TITN which will reward cardholders with cash back on their spending. Exclusive benefits include earning tokens just by using a Mastercard, and then unlocking special privileges within the THORWallet ecosystem. Regarding early adopter benefits, initial adopters may receive additional rewards.

This “spend-to-mine” model is highly innovative in the Web3 payment space. Traditional credit cards typically offer cash back of 1-2%, returned in fiat currency.$TITN Token rewards not only potentially provide higher cashback rates, but more importantly, if $TITN prices rise, the value of tokens accumulated by early users will far exceed the nominal cashback rate. This design transforms users into stakeholders in the ecosystem, creating strong network effects and user stickiness.

How THORWallet Works and Its Technical Architecture

THORWallet can be accessed through a mobile application, which directly connects to the user's Wallet and supports on-chain transactions. Users set up their Wallet, keep the mnemonic phrase locally, and can enable multi-signature across multiple devices. This architecture ensures that even if THORWallet company disappears, users can still recover their assets through the mnemonic phrase, which is the core security guarantee of non-hosted wallets.

The cross-chain exchange function allows users to directly exchange assets between different blockchains. DeFi access includes various activities such as staking, liquidity pools, and earning real returns. The fiat integration includes a Swiss bank account with an IBAN, supporting the inflow and outflow of fiat currencies. This comprehensive functionality integration makes THORWallet not just a wallet, but a complete financial operating system.

Self-custody DeFi integration means that all operations are conducted under user control. Unlike centralized exchanges, users do not need to entrust their funds to third parties to enjoy services such as trading, staking, and payments. This design aligns with the crypto ethos of “Not Your Keys, Not Your Coins” while providing the convenience of centralized services.

Frequently Asked Questions Q&A

What is THORWallet?

THORWallet is classified as a hot wallet/software wallet/multi-signature wallet designed specifically for cross-chain asset management. THORWallet supports native exchanges across major blockchains, yield earning, and built-in crypto cards, with the user interface optimized for smartphones.

Is THORWallet safe and legal?

THORWallet is non-custodial/open-source and features optional multi-signature functionality. There have been no publicly disclosed significant hacking attacks or exploits. Standard security measures include key storage and direct on-chain transaction signing.

Who created THORWallet?

THORWallet is created by DeFi Suisse AG, an organization co-founded by Marcel Harmann in collaboration with the ThorChain ecosystem.

Where is the headquarters of THORWallet located?

The organization behind THORWallet, DeFi Suisse AG, is headquartered in Schwyz, Switzerland.

How does THORWallet work?

THORWallet can be accessed through a mobile application that connects directly to the user's Wallet and supports on-chain transactions. Users set up their Wallet, keep their mnemonic phrase locally, and can enable multi-signature across multiple devices. The application makes cross-chain exchanges, staking, yield generation, and spending related to Crypto Assets via Mastercard possible.

When was THORWallet launched?

THORWallet was launched on September 12, 2021.