Frequently asked questions

Question 1

What is Thor Wallet?

Accepted Answer

Thor Wallet is categorized as a hot wallet / software wallet / multisignature wallet designed for cross-chain asset management. Thor Wallet supports native swaps across major blockchains, yield earning, and a built-in crypto card. The user interface is optimized for smartphones.

Question 2

Is Thor Wallet safe & legit?

Accepted Answer

Thor Wallet is non-custodial / open source and has optional multisig capabilities. No major hacks or exploits have been publicly disclosed. Standard security measures include key storage, and direct on-chain transaction signing.

Question 3

Who created Thor Wallet?

Accepted Answer

Thor Wallet was created by DeFi Suisse AG an organization founded by Marcel Harmann in collaboration with the ThorChain ecosystem.

Question 4

Where is Thor Wallet’s company based?

Accepted Answer

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

Question 5

How does Thor Wallet work?

Accepted Answer

Thor Wallet can be accessed via a mobile application that connects directly to users’ wallets and supports on-chain transactions. Users set up a wallet, retain seed phrase locally, and may enable multisignature via multiple devices. The app makes cross-chain swaps, staking, yield generation, and a crypto-linked MasterCard for spending possible.

Question 6

When was Thor Wallet launched?

Accepted Answer

Thor Wallet was launched September 12, 2021.

Thor Wallet

Form

Storage

Platform

Software

Custody

Source

Recovery

Features

Strengths

Weaknesses