Buying and selling crypto with fiat

How to buy crypto with your local currency in THORWallet and sell it again, which providers handle the payment and what to do if it is not available.

Updated 3 min read
Short answer

In the mobile app, open Wallet, tap Buy, choose Buy or Sell, enter the amount, pick a provider and tap Next. MoonPay or Mt Pelerin then handles the payment on its own page. Bought crypto arrives directly in your wallet address.

On this page

You can buy crypto with your local currency inside THORWallet and, where a provider supports it, sell crypto for fiat. THORWallet does not process the payment itself: MoonPay and Mt Pelerin do. THORWallet compares their quotes and sends you to the provider you choose.

Before you start

  • Buying and selling with fiat depends on your country. If no provider serves you, the app shows "This feature is not available in your region".
  • The provider may ask you to verify your identity on its page.
  • For a purchase you need a payment method that the provider accepts. For a sale you need the crypto in your wallet. The provider pays out to your own account.

Buy crypto

  1. Open Wallet and tap Buy.
  2. Stay on the Buy tab.
  3. Choose the fiat currency and the crypto asset you want to receive.
  4. Enter the amount.
  5. THORWallet loads the quotes and shows a provider with its fees. Tap the provider to open Top Providers and compare. The best quote carries the label Best Price.
  6. Tap Next. The provider's page opens inside the app.
  7. Complete the payment on the provider's page. The provider sends the crypto directly to your wallet address.

When your balance is too low for an action, for example in a swap, THORWallet shows a top-up sheet that also offers Buy crypto.

In the web app: open the wallet, tap Buy and then Continue with Mt Pelerin. Mt Pelerin accepts card, Apple Pay, Google Pay or SEPA transfer and shows the final rate and fees.

Sell crypto

  1. Open Wallet and tap Buy.
  2. Switch to the Sell tab.
  3. Choose the crypto asset you want to sell and the fiat currency you want to receive.
  4. Enter the amount and choose a provider.
  5. Tap Next and follow the steps on the provider's page. The provider pays out to your account.

Selling is offered only where a provider supports it for your country and asset. It is available in the mobile app, not in the web app.

Fees and limits

  • Each provider sets its own rate, fees, minimum and maximum. THORWallet shows the fees of each quote before you continue.
  • If your amount is outside the range, the app shows "Minimum amount is ..." or "Maximum amount is ...".
  • The final rate is the one on the provider's page.

If something goes wrong

"This option isn't available in your region"

The provider you chose does not serve your country. Choose another provider under Top Providers if one is listed.

"No provider supports this asset right now"

Choose another asset, for example a major coin or a stablecoin, and swap it afterwards. See How to make a swap.

I paid, but the crypto has not arrived

The purchase is processed by the provider, not by THORWallet. Check the order status on the provider's page or in the provider's email, and contact the provider's support with the order number. If you need help, THORWallet support is available in the chat inside the app. Support will never ask for your recovery phrase.

Other ways between crypto and fiat

Note

Nothing here is investment advice.

Common questions

Which providers does THORWallet use?

MoonPay and Mt Pelerin. The app shows the quotes that are available for your country, asset and amount, and marks the best price.

Does THORWallet hold my money during a purchase?

No. The provider handles the payment, and the crypto is sent directly to your own wallet address.

Do I need to verify my identity?

The provider decides. It may ask for identification, for example above certain amounts. This check is separate from the THORWallet Card verification.

Why does the app say this is not available in my region?

No provider serves your country for this asset, or the feature is not offered where you are. Each provider decides which countries it supports.

Can I sell crypto in the web app?

No. The web app only offers buying, through Mt Pelerin. Selling is in the mobile app.

What are the fees?

Each provider sets its own rate and fees. The app shows the fees of every quote before you continue, and the provider shows the final rate on its page.

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