Fiat24 Card vs THORWallet Card vs Bitpanda Card (June 2026)

GauravEditor13 min readLast updated May 9, 2026

⚠️ Affiliate Disclosure: CoinCodeCap may earn a commission when you sign up through links on this page. Risk Disclaimer: Crypto card conversions may be taxable events. Crypto assets held on custodial platforms carry platform risk. All pricing and feature claims below were verified directly with Bitpanda, Fiat24, and THORWallet between January and May 2026.

How I Compared These: I evaluated all three cards on the criteria that actually matter for spending crypto in 2026 — custody model (custodial vs self-custodial vs hybrid), card network (Visa vs Mastercard), foreign exchange fees, ATM access and limits, region availability post-MiCA, banking integration depth (IBAN, SEPA, salary deposits), and asset coverage. I excluded marketing claims I couldn’t verify against current pricing pages and rate cards. The goal was to identify which card fits which financial setup, not crown a single winner — these three cards solve genuinely different problems.

Three EU-friendly crypto cards, three fundamentally different financial architectures. Bitpanda treats the card as a spending layer on a multi-asset investment platform that holds crypto, stocks, ETFs, and precious metals. Fiat24 tokenizes fiat currencies (EUR24, CHF24, USD24 on Arbitrum) and connects them to Swiss banking rails — you literally have a Swiss IBAN backed by blockchain-native fiat. THORWallet combines self-custody wallet infrastructure with Swiss IBAN accounts and a $10,000/day ATM limit that puts most other cards to shame. The right choice depends entirely on how you manage money beyond crypto.

This isn’t a “best card overall” comparison. It’s a routing guide: by the end you should know which of the three (if any) fits your specific banking, custody, and spending pattern. None of these are bad cards. Two of them might not be right for you, and one almost certainly is.

⚡ TL;DR — Fiat24 vs THORWallet vs Bitpanda

Use Case	Pick	Why
You hold stocks/ETFs/metals on Bitpanda	Bitpanda Card	Spend from any asset class — only card that does this
You want to replace your bank with blockchain	Fiat24 Card	Swiss IBAN + tokenized EUR/CHF/USD; accept salary deposits
You need self-custody + serious ATM access	THORWallet Card	$10K/day ATM, Swiss IBAN, 20,000+ tokens, 100+ countries
You travel internationally and use ATMs heavily	THORWallet Card	$10K/day vs Bitpanda’s €500/day vs Fiat24’s none
You want zero FX fees	Bitpanda Card	0% FX (only one of three)
You want a physical card you can swipe	Bitpanda or THORWallet	Fiat24 is virtual-only (Apple Pay / Google Pay only)
You want cashback rewards	Bitpanda Card	Up to 1% with BEST staking; others have none
You’re outside the EEA	THORWallet Card	Available in 100+ countries; Bitpanda is EEA only
⚡ No clear single winner — pick based on your banking and custody needs above. All three cards are free to obtain.

Side-by-Side Spec Comparison

Feature	Bitpanda Card	Fiat24 Card	THORWallet Card
Card network	Visa	Mastercard	Mastercard
Physical / virtual	Both available	Virtual only	Both available
Custody model	Custodial	Hybrid (Swiss-licensed)	Self-custodial ✅
Annual fee	Free	Free	Free
FX / forex fee	0% ✅	Embedded in top-up fee	1% (standard tier)
Cashback	Up to 1% (BEST staking)	None	None
ATM daily limit	€500	None (virtual only)	$10,000 ✅✅
IBAN banking	No	Yes (Swiss) ✅	Yes (Swiss) ✅
Multi-currency accounts	EUR / CHF / GBP / USD	EUR24 / CHF24 / USD24 (tokenized)	Multiple
Apple Pay / Google Pay	✅ Yes	✅ Yes	✅ Yes
Spendable assets	Crypto + stocks + ETFs + metals	ETH, USDC, USDT, EUR24, CHF24, USD24	20,000+ tokens
Region availability	EEA	Europe + Asia + Oceania + N. America	100+ countries
Regulation	MiCA-compliant (Bitpanda is BaFin / FMA-licensed)	Swiss-regulated (FINMA)	Swiss IBAN partner; multi-jurisdiction
Full review	Bitpanda review	Fiat24 review	THORWallet review

Bitpanda Card — Best for Multi-Asset Investors

Bitpanda is unique among these three because the card is downstream from a fully-featured multi-asset investment platform. Bitpanda holds crypto, stocks, ETFs, and precious metals on the same account, and the Visa-branded card lets you spend from any of those asset classes — sell some Apple stock at the point of sale to buy groceries, technically. The card is custodial (your assets sit on Bitpanda’s books, not in your self-custody wallet) and EEA-only, which limits the audience but makes regulatory compliance clean.

The cashback model runs through BEST token staking — Bitpanda’s native ecosystem token. Stake more BEST, unlock higher cashback tiers (up to 1%). For users already deep in the Bitpanda ecosystem, this is genuinely good value. For users who don’t already hold or care about BEST, the cashback opportunity is essentially zero. The 0% foreign exchange fee is the standout feature for international spending in EEA — most crypto cards charge 1-2% on cross-currency transactions, and the Bitpanda Card avoiding that is a real differentiator.

✅ Spend directly from crypto + stocks + ETFs + metals — no other card here does this
✅ 0% foreign exchange fees on EU/EEA transactions
✅ Up to 1% cashback via BEST token staking tiers
✅ Bitpanda is BaFin and FMA-licensed; full MiCA compliance
✅ Apple Pay + Google Pay support; physical and virtual card options
⚠️ Custodial — assets held on Bitpanda’s balance sheet
⚠️ EEA only — no availability outside Europe
⚠️ €500/day ATM limit is the lowest of the three cards
⚠️ Cashback requires BEST staking (which means buying and holding the token)
📌 Best for: Existing Bitpanda investors who want to spend from their multi-asset portfolio without selling first

Get the Bitpanda Card →

Fiat24 Card — Best for Swiss IBAN + Blockchain Banking

Fiat24 is the most architecturally interesting card of the three because it isn’t really a crypto card — it’s a tokenized banking layer. Fiat24 issues blockchain-native versions of fiat currencies (EUR24, CHF24, USD24) on Arbitrum, backed 1:1 by deposits at a FINMA-licensed Swiss bank. You hold these tokens in your wallet, the system has a Swiss IBAN that maps to them, and the card spends from those balances. SEPA payments work like normal European banking. You can receive salary deposits or wire transfers at the IBAN.

The catch: it’s a virtual card only — no physical plastic, no ATM access. The card lives in Apple Pay and Google Pay, and you tap to pay with your phone. For most users in 2026 this is fine; for users who travel to ATM-heavy regions or live somewhere that still expects card-present transactions, it’s a real limitation. The lack of native cashback also means there’s no rewards story here — you’re paying for the financial architecture, not the spending rewards.

💡 Expert Tip: Fiat24’s killer use case isn’t spending — it’s accepting salary or business income at a Swiss IBAN that maps to blockchain tokens. If you’re a remote worker getting paid by an EU/UK/Swiss employer and want to receive that as USDC or EUR24 instead of going through a bank-to-Coinbase pipeline, Fiat24 is genuinely unique. Spending the balance on the Apple Pay-only card is almost a side-effect of the banking integration.

✅ Swiss IBAN — accept salary deposits and wire transfers like a normal bank
✅ EUR24, CHF24, USD24 tokenized fiat on Arbitrum (1:1 backed by FINMA-licensed bank deposits)
✅ SEPA payment compatibility for European users
✅ Multi-region availability (Europe, Asia, Oceania, North America)
✅ Apple Pay + Google Pay native
⚠️ Virtual card only — no physical card, no ATM access
⚠️ No native cashback or rewards program
⚠️ Foreign exchange fees embedded in top-up fee structure (less transparent than Bitpanda)
⚠️ Smaller asset list (mainly ETH, USDC, USDT, plus tokenized fiats)
📌 Best for: DeFi users who want to replace part of their traditional bank account with blockchain infrastructure, especially remote workers

Get the Fiat24 Card →

THORWallet Card — Best for Self-Custody + Serious ATM Access

THORWallet’s card stands apart for two reasons: self-custodial architecture (your private keys stay with you, the card spends from your self-custody wallet via integration) and a $10,000/day ATM limit that’s in a different league from the alternatives. Bitpanda’s €500/day ATM is a hard ceiling. Fiat24 has no ATM at all. THORWallet’s $10K/day means you can actually use this as a primary travel card without hitting friction at airport ATMs or hotel cash advances. Combine that with Swiss IBAN banking, support for 20,000+ tokens, and availability in 100+ countries, and you have the most globally-capable card of the three.

The trade-offs: 1% foreign exchange fee on the standard tier (Bitpanda’s 0% wins this comparison), no cashback rewards program, and onboarding is more complex than the EU-focused alternatives because of the multi-jurisdictional regulatory architecture. For self-custody advocates and frequent international travelers, none of these matter much. For users who optimize for fees and rewards on EU-only domestic spending, the trade-offs add up.

✅ Self-custodial — your keys stay with you, card spends from your wallet
✅ $10,000/day ATM limit — exceptional vs Bitpanda’s €500 or Fiat24’s none
✅ Swiss IBAN banking integration with multi-currency support
✅ 20,000+ supported tokens via THORChain liquidity
✅ Available in 100+ countries — best global reach
✅ Apple Pay + Google Pay support; physical and virtual card options
⚠️ 1% foreign exchange fee on standard tier (premium tier reduces this)
⚠️ No cashback rewards program
⚠️ More complex onboarding than EU-focused alternatives
📌 Best for: Self-custody DeFi users who travel internationally or need real ATM access alongside banking infrastructure

Get the THORWallet Card →

How to Choose: Decision Framework

Match your situation to one of the four scenarios below — they cover roughly 95% of buyers:

You’re a Bitpanda user already — get the Bitpanda Card. The 0% FX fee, multi-asset spending, and BEST staking cashback all reward you for being in the ecosystem you’re already in. EEA-only is fine because you’re already there.
You want to replace your bank with blockchain banking — get the Fiat24 Card. The Swiss IBAN + tokenized fiat architecture is genuinely unique, and accepting salary deposits at an IBAN that maps to USDC or EUR24 is the killer feature. Just accept the virtual-only limitation.
You’re a self-custody DeFi user who travels internationally — get the THORWallet Card. The $10K/day ATM, 100+ country availability, and 20,000+ token support justify the 1% FX fee for users who need that flexibility.
You want all three at different times — this is more common than people admit. Get Bitpanda for EEA spending (0% FX wins for EU travel), Fiat24 for receiving salary or business income at a Swiss IBAN, and THORWallet for ATM access and DeFi spending. All three have free annual fees, so the only “cost” is application overhead.

What These Cards Don’t Compete With

If you’re cashback-maximizing, none of these three cards is your top choice. Nexo Card offers up to 2% cashback. Crypto.com Visa Card runs from 1% to 5% cashback depending on stake tier. Bybit Card offers 5%+ cashback in select markets. The three cards in this comparison aren’t optimizing for cashback — they’re optimizing for banking architecture, custody model, and global reach. Different problem, different solution.

Similarly, if you want pure on-chain spending (no off-chain custody at all), non-custodial crypto cards like Gnosis Pay are a separate category — they spend directly from a Safe wallet on-chain. THORWallet is the closest of these three to that model, but Gnosis Pay goes further on the self-custody purity spectrum.

Frequently Asked Questions

Which card has the best foreign exchange fees?

Bitpanda Card wins on FX with 0% fees on cross-currency transactions in the EEA. THORWallet charges 1% on the standard tier (lower on premium). Fiat24 embeds FX fees into its top-up fee structure rather than charging at point-of-sale, which makes the cost less transparent but not necessarily worse. For frequent international spending in EU markets, Bitpanda’s 0% is the clearest winner.

Which card works outside Europe?

THORWallet has the broadest global availability (100+ countries). Fiat24 covers Europe, Asia, Oceania, and parts of North America. Bitpanda is EEA-only — no availability in the US, UK (post-Brexit), Asia, or anywhere outside the European Economic Area. If you’re not in the EEA, your choice is realistically between THORWallet and Fiat24.

Are these cards self-custodial?

Only THORWallet is genuinely self-custodial — your private keys stay with you, the card spends from your self-custody wallet. Bitpanda is fully custodial (your assets sit on their balance sheet). Fiat24 is hybrid: you hold the tokenized fiat (EUR24, CHF24, USD24) in your own wallet, but those tokens are backed by deposits at a Swiss-regulated bank. For self-custody purists, only THORWallet meets the bar; for users comfortable with regulated custody, all three work.

Why is the Fiat24 card virtual-only?

Fiat24’s design priority is the IBAN + blockchain banking architecture, not the card itself. By skipping physical card issuance, they reduce regulatory and operational overhead and pass those savings into the free annual fee structure. For 2026 users who already use Apple Pay or Google Pay for most spending, the virtual-only limitation is barely a limitation. For travelers who hit ATM-heavy regions, it’s a real constraint — pair Fiat24 with another card if ATM access matters to you.

Can I receive my salary via these cards?

Fiat24 and THORWallet both offer Swiss IBANs that can accept SEPA salary deposits and wire transfers. Bitpanda doesn’t issue an IBAN — the card connects to your Bitpanda account, which receives crypto and EU-payment top-ups but isn’t structured as a payroll-receiving bank account. If accepting salary is a primary use case, Fiat24 (cleaner tokenized-fiat model) or THORWallet (broader country support) are your options.

Are crypto card transactions taxable?

In most jurisdictions yes — spending crypto via a card is treated as a sale of crypto for fiat (the underlying conversion), which can trigger a capital gains event. Spending stablecoins (USDC, USDT, EUR24, CHF24) typically doesn’t create a meaningful gain since the asset’s fiat value is pegged 1:1. For volatile assets like BTC or ETH, every spend is potentially a taxable event. Tax rules vary by country — consult a local tax advisor before optimizing your spending pattern around a specific card.

Are these cards MiCA-compliant?

For EU/EEA users, Bitpanda is fully MiCA-compliant — Bitpanda holds BaFin and FMA licenses and operates under the Markets in Crypto-Assets Regulation framework. Fiat24’s tokenized fiats are issued under Swiss FINMA regulation, which is outside the EU but generally interoperable with MiCA standards for stablecoin issuance. THORWallet operates across multiple jurisdictions; the EU users specifically should confirm current MiCA status before relying on the card for primary banking. Generally all three meet 2026 EU regulatory expectations, but Bitpanda has the most direct and explicit compliance posture.

Which card supports the most cryptocurrencies?

THORWallet wins decisively here with 20,000+ supported tokens (via THORChain’s cross-chain liquidity). Bitpanda supports several hundred crypto assets plus traditional stocks/ETFs/metals. Fiat24’s spendable pool is the smallest — primarily ETH, USDC, USDT, plus the tokenized fiats. For users who want to spend obscure altcoins directly without first swapping to a major asset, THORWallet is in a different league.

Verdict

None of these three cards is “best overall” — the right pick depends entirely on your financial setup. Bitpanda Card is for users already deep in the Bitpanda ecosystem who want to spend across crypto, stocks, ETFs, and metals without selling first. Fiat24 Card is for users replacing part of their traditional bank account with blockchain-native banking infrastructure, especially for receiving income at a Swiss IBAN. THORWallet Card is for self-custody DeFi users who travel internationally and need real ATM access plus banking integration. The three solve different problems; pick by your problem, not by the marketing.

If you’re optimizing for cashback rewards specifically, none of these is your top choice — see Nexo Card (up to 2%), Crypto.com Visa (up to 5% with stake), or other cashback-focused options. If you want pure on-chain spending with no custody at all, non-custodial crypto cards like Gnosis Pay are a separate category. The cards in this comparison are about banking architecture and custody model — different battlefield, different winners.

⚡ Bottom Line: Bitpanda Card is the right choice if you’re an existing Bitpanda investor with crypto + stocks + ETFs and want 0% FX on EEA spending — the multi-asset architecture is genuinely unique. Fiat24 Card is the right choice if you want to replace your bank account with blockchain banking — the Swiss IBAN + tokenized EUR24/CHF24/USD24 model is unmatched, accept the virtual-only limitation. THORWallet Card is the right choice if you need self-custody + serious global reach + a real ATM limit ($10K/day vs Bitpanda’s €500). All three are free with no annual fee, so applying for whichever fits your need has no downside beyond onboarding time. Many serious users hold two of the three for different scenarios; the cards aren’t competitive with each other so much as complementary across different financial use cases.

Reviewed by Gaurav Agarwal, founder of CoinCodeCap. Pricing, FX fees, ATM limits, region availability, and feature claims (Bitpanda’s 0% FX and BEST staking cashback, Fiat24’s tokenized EUR24/CHF24/USD24 on Arbitrum + Swiss FINMA-regulated banking, THORWallet’s $10K/day ATM + 20,000+ token support + 100+ country availability) reflect direct verification with each card issuer between January and May 2026. Hodlnaut, BlockFi, and other defunct or insolvent platforms previously listed in this category have been removed.

Fiat24 Card vs THORWallet Card vs Bitpanda Card