Thore Exchange Crypto Exchange Review: Is It Safe or Worth Using in 2025?
David Wallace 5 September 2025 25

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Important: Thore Exchange lacks many basic security and operational features that top exchanges provide.
Thore Exchange Binance Coinbase Kraken
Mobile App No Yes Yes Yes
Security Transparency None High High High
Trading Fees Unknown 0.02% (maker) 0.50% (trader) 0.16% (maker)
Regulatory Compliance None Global U.S. & EU EU
Asset Selection <100 700+ 200+ 200+
User Reviews 1 500,000+ 15,000+ 2,500+
Thore Exchange Risk Assessment: Based on your criteria, Thore Exchange scores poorly across all critical factors. It lacks essential features like a mobile app, security transparency, and regulatory compliance that protect your assets.
Recommended Exchange: If you prioritize mobile access, security transparency, and low fees, consider using Binance, Coinbase, or Kraken instead.

When you're looking for a new crypto exchange, you want something reliable, secure, and easy to use. But what if the platform you're considering barely has any users, no mobile app, and almost no reviews? That’s the reality with Thore Exchange.

Founded in Switzerland, Thore Exchange sounds like it should be trustworthy. After all, Switzerland has a strong reputation for financial stability and privacy. But appearances don’t always match reality. As of October 2025, Thore Exchange has only one verified user review on Cryptogeek’s TrustScore system - and it gave the platform a 3 out of 5. That’s not a red flag by itself, but when you dig deeper, the picture gets much darker.

No Mobile App? That’s a Dealbreaker in 2025

Most people trade crypto on their phones. It’s quick, convenient, and often necessary when prices move fast. Binance, Coinbase, Kraken, OKX - all of them have polished, secure mobile apps with biometric login, push notifications, and instant order placement.

Thore Exchange? No mobile app at all. Not for iOS. Not for Android. Just a basic website you have to access through a browser. That’s not just inconvenient - it’s a major risk in today’s market. Over 78% of crypto traders use mobile devices for at least some of their activity, according to Koinly’s 2025 survey. If you’re stuck on a desktop, you’re missing out on real-time opportunities and are more likely to make rushed decisions because you can’t monitor your portfolio easily.

Security? No Transparency, No Proof

Security is the number one concern when choosing any crypto exchange. You’re not just trusting them with your money - you’re trusting them with your private keys. Top exchanges like OKX and Coinbase store over 95% of funds in cold storage, publish monthly proof-of-reserves reports, and use RAM-based key storage to prevent hacking.

Thore Exchange doesn’t publish any of this. Not a single document. No transparency reports. No details on how they store private keys. No mention of multi-signature wallets. Nothing. That’s not just poor communication - it’s a red flag. Without proof, you have no way of knowing if your Bitcoin or Ethereum is actually safe.

Compare that to Binance, which has handled over $1 trillion in trading volume without a major breach. Or Coinbase, which holds 48 U.S. state money transmitter licenses and is regulated by the SEC. Thore Exchange offers no such assurances. Even smaller exchanges like eToro publish their security practices clearly. Thore Exchange? Silence.

Trading Fees and Asset Selection? Unknown

What are the fees? We don’t know. There’s no official fee schedule on their website. No public documentation. Industry standards for smaller exchanges range from 0.10% to 0.40% per trade, but top platforms like Binance charge as low as 0.02% for high-volume traders. Without knowing Thore’s fees, you could be paying 5x more than necessary.

And what coins can you trade? Again - no clear list. Most major exchanges offer 700 to 900+ cryptocurrencies. Even mid-tier platforms like Kraken list over 200. Thore Exchange? No one knows. If they offer fewer than 100 tokens, they’re automatically ranked lower in every serious exchange review. And without a clear list, you might sign up, deposit funds, and realize your favorite altcoin isn’t even available.

A crumbling Swiss security shield versus four major crypto exchanges standing strong with transparency and mobile apps.

No Regulatory Proof, No User Base

Switzerland’s FINMA is a respected regulator. But being based there doesn’t automatically make you compliant. To operate legally in Europe under the new MiCA regulations (which took full effect in 2025), exchanges must be formally licensed. Thore Exchange has no public license number. No official statement from FINMA. No mention on any government registry.

And then there’s the user base. Zero presence on Reddit’s r/CryptoCurrency (5.2 million members). No reviews on CoinGecko or CoinMarketCap. Not a single mention on major crypto news sites like CoinDesk, CoinBureau, or NerdWallet. The only review exists on Cryptogeek - and it’s the only one. Compare that to Kraken, which has over 2,500 verified reviews on Trustpilot, or Coinbase with more than 15,000.

If no one’s talking about it, why should you trust it?

Why Do So Many Exchanges Fail?

There are thousands of crypto exchanges. Most die within two years. Why? Because they can’t compete. The market is dominated by a handful of giants - Binance, Coinbase, Kraken, OKX, and Bybit - who control nearly 78% of global spot trading volume. These platforms invest billions in security, mobile apps, customer support, and regulatory compliance.

Thore Exchange doesn’t appear to have invested in any of that. No mobile app. No transparency. No user growth. No media coverage. No funding announcements. No roadmap. No press releases. Nothing.

It’s not just underdeveloped - it’s practically invisible in the crypto ecosystem. If you’re looking for a platform that will be around in a year, you need one with traction, not just a Swiss address.

A sack of Bitcoin vanishing into a black hole labeled Thore Exchange, with warning symbols and a giant &#039;AVOID&#039; stamp.

Who Is Thore Exchange Even For?

Let’s be honest: Thore Exchange isn’t for most people. Not beginners. Not active traders. Not even long-term investors.

If you’re someone who:

  • Wants to trade on the go
  • Needs clear fee structures
  • Demands proof of security
  • Trades altcoins beyond Bitcoin and Ethereum
  • Values customer support

Then Thore Exchange is not an option. It’s a gamble with your assets.

Maybe it’s for someone who’s curious, wants to try something obscure, or is attracted to the idea of a “Swiss privacy exchange.” But even then, the lack of information makes it impossible to evaluate risk properly. You’re not just trading crypto - you’re trading blind.

What Are the Real Alternatives?

If you’re looking for a secure, reliable exchange in 2025, here are better options:

  • Coinbase - Best for beginners. Simple interface, strong regulation, free on-ramping, and 24/7 support.
  • Binance - Best for traders. Lowest fees, 700+ coins, advanced tools, and mobile app.
  • Kraken - Best for security-focused users. Transparent reserves, strong compliance, and staking options.
  • eToro - Best for social trading. Copy traders, 85+ coins, clear 1% fee, and regulated in the EU.

All of these have mobile apps, verified user reviews, published security practices, and active customer support. Thore Exchange has none of that.

Final Verdict: Avoid Unless You’re Experimenting

Thore Exchange isn’t a scam - at least, there’s no evidence of fraud. But it’s also not a legitimate, trustworthy platform for serious crypto users. It lacks the basics that every modern exchange should have: transparency, security proof, mobile access, and user adoption.

There’s no reason to risk your funds here when better options exist. If you’re just testing the waters with a small amount of crypto you can afford to lose, maybe it’s worth a glance. But if you’re planning to hold significant value, trade regularly, or rely on the platform for long-term use - walk away.

The crypto market is hard enough without adding unnecessary risk from platforms that refuse to show their cards. Thore Exchange doesn’t just fall short - it’s missing the entire game.

Is Thore Exchange safe to use in 2025?

There’s no verifiable proof that Thore Exchange is safe. It doesn’t publish security measures, proof-of-reserves, or cold storage details. With only one user review and no regulatory license publicly confirmed, it’s impossible to trust the platform with significant funds. Avoid using it for anything beyond minimal experimental deposits.

Does Thore Exchange have a mobile app?

No, Thore Exchange does not offer a mobile app for iOS or Android. This puts it far behind industry standards, as over 78% of crypto traders now use mobile devices for trading. Without an app, you’re limited to desktop access, making it harder to react to market changes quickly.

What cryptocurrencies can I trade on Thore Exchange?

Thore Exchange does not publish a list of supported cryptocurrencies. Based on its lack of visibility and minimal user base, it likely offers fewer than 100 tokens - far below the 700+ offered by top exchanges. Without knowing what’s available, you risk depositing funds only to find your desired coins aren’t listed.

Are Thore Exchange fees low?

No fee structure is publicly available. Smaller exchanges typically charge 0.10%-0.40% per trade, which is significantly higher than Binance’s 0.02% maker fees. Without knowing the exact rates, you could be paying excessive fees without realizing it.

Why isn’t Thore Exchange on CoinGecko or CoinMarketCap?

Thore Exchange doesn’t meet the minimum requirements for listing on major platforms like CoinGecko or CoinMarketCap, which require verified trading volume, liquidity, and transparency. Its absence from these sites confirms it has negligible market presence and likely processes less than $5 million in monthly volume - far below the threshold for serious consideration.

Is Thore Exchange regulated by FINMA?

There is no public evidence that Thore Exchange holds a license from FINMA or complies with MiCA regulations. While being based in Switzerland sounds reassuring, it doesn’t equal legal compliance. Without official documentation, the platform operates in a regulatory gray area, making it risky for users in the EU or other regulated markets.