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Thore Exchange Crypto Exchange Review: Is It Safe or Worth Using in 2026?

Thore Exchange Crypto Exchange Review: Is It Safe or Worth Using in 2026?

Michael James 17 January 2026 17 Comments

If you're looking at Thore Exchange as a place to trade crypto, you should know something upfront: there’s almost nothing reliable about it. Not because it’s obviously a scam - but because it’s invisible. No user reviews. No mobile app. No mention in any major crypto publications. Just a website with no real track record.

What Even Is Thore Exchange?

Thore Exchange is a crypto trading platform registered in Switzerland. That sounds promising - Switzerland has strong financial laws, and many serious crypto firms operate there. But registration doesn’t mean regulation. There’s no public proof Thore Exchange holds any license from FINMA, Switzerland’s financial watchdog. Unlike Coinbase, which has licenses in 48 U.S. states and complies with MiCA regulations across Europe, Thore Exchange operates in the dark.

Its website offers no clear details on fees, security practices, or supported coins. No whitepaper. No team bios. No blog. No press releases. Nothing. In 2026, that’s not neutral - it’s a red flag.

No Mobile App? That’s a Dealbreaker

In 2026, if a crypto exchange doesn’t have a mobile app, it’s practically obsolete. Over 78% of crypto traders use their phones to check prices, place orders, or react to market moves. Binance, Coinbase, Kraken, OKX - all have polished, secure mobile apps with biometric login, push alerts, and one-tap trading.

Thore Exchange has none. Not for iOS. Not for Android. Just a basic desktop website. That means if you’re commuting, traveling, or just away from your laptop, you can’t trade. You can’t monitor your portfolio. You’re stuck. For a platform that wants you to trust it with your money, this is a massive failure.

Security? We Don’t Know

Security is the #1 thing you need from a crypto exchange. Where do they store your coins? Do they use cold storage? Do they publish proof of reserves? Do they have multi-signature wallets?

Thore Exchange answers none of these. Not a single detail. Meanwhile, top exchanges like OKX store private keys in RAM (not hard drives) to prevent hacking. Binance runs monthly transparency reports. Kraken uses multi-sig cold wallets for 95% of assets. Thore Exchange? Silence.

And here’s the scary part: if your funds get stolen, there’s no insurance. No FDIC-style protection. No customer support hotline you can actually reach. You’re on your own.

A lonely website window floats in an empty digital world while other exchanges glow brightly in the distance.

Trading Fees and Coin Selection? Unclear

You can’t find Thore Exchange’s fee schedule anywhere. Not on their site. Not on CoinGecko. Not on CoinMarketCap. That’s not an oversight - it’s a tactic. Legit exchanges proudly list their maker/taker fees. Binance charges as low as 0.02% for VIP traders. eToro charges a transparent 1% buy/sell fee.

Small, unknown exchanges like Thore Exchange usually charge 0.25%-0.40% - way higher than the market. And if you’re trading less popular coins, you might be stuck with even worse spreads.

As for coin selection? No one knows. Thore Exchange doesn’t publish a list. Based on its lack of visibility, it likely supports fewer than 50 coins - maybe just Bitcoin, Ethereum, and a few altcoins. Compare that to Binance’s 1,000+ tokens or Kraken’s 200+. If you want to trade Solana, Dogecoin, or Polkadot, you might not even find them here.

No Reviews. No Community. No Trust

This is the most telling part. As of October 2025, Thore Exchange has only one user review on Cryptogeek’s TrustScore system - and it gave them a 3 out of 5. That’s not bad on paper, but it’s meaningless when only one person has ever bothered to review it.

Compare that to Coinbase: over 15,000 verified reviews. Kraken: 2,500+. Even lesser-known exchanges like Bybit have hundreds. Thore Exchange? Zero mentions on Reddit’s r/CryptoCurrency (5.2 million members). Zero threads on Bitcointalk. Zero ratings on CoinGecko or CoinMarketCap.

If no one’s talking about it, that’s not because it’s quiet - it’s because no one’s using it. Or worse - people tried it and left without saying anything because they lost money or couldn’t access their funds.

Is Thore Exchange Regulated?

Switzerland is known for crypto-friendly laws. But being based there doesn’t mean you’re regulated. FINMA doesn’t automatically approve every crypto firm. To operate legally in Europe under MiCA (the new 2025 crypto law), exchanges need specific licenses, audits, and compliance systems.

Thore Exchange shows no evidence of meeting any of these. No public license number. No compliance documentation. No audit reports. That means if you live in the EU, UK, or U.S., you’re likely using an unlicensed platform - which could put your funds at legal risk. If regulators crack down, Thore Exchange could shut down overnight - and your crypto with it.

A girl watches a crumbling Thore Exchange tower as warm, trusted exchanges shine below.

Who Is This For?

Honestly? No one.

If you’re a beginner, you need clear guides, easy on-ramps, and customer support. Thore Exchange offers none.

If you’re experienced, you need liquidity, low fees, and advanced tools like stop-losses or futures trading. Thore Exchange doesn’t even list those features.

If you’re looking for security, you need transparency. Thore Exchange gives you silence.

There’s no scenario where Thore Exchange is the best choice. Not in 2026. Not in 2025. Not even in 2024.

What Should You Use Instead?

If you want a safe, reliable exchange, here are your real options:

For beginners: Coinbase - simple, regulated, free on-ramps, and 24/7 support.
For low fees: Binance - lowest maker fees in the industry, 1,000+ coins, and a powerful mobile app.
For security: Kraken - audited, transparent, and trusted by institutions.
For staking and DeFi: OKX - supports staking, lending, and has never been hacked.

All of these have mobile apps. All have thousands of reviews. All publish security reports. All are listed on CoinGecko and CoinMarketCap. Thore Exchange? None of that.

The Bottom Line

Thore Exchange isn’t a scam in the classic sense - it doesn’t promise fake returns or fake teams. But it’s the kind of platform that disappears when you need it most. No app. No reviews. No security info. No regulation proof. No future roadmap.

In crypto, you don’t just trade coins - you trust infrastructure. And Thore Exchange has none. Not enough to even be considered. If you’re thinking of depositing funds here, save yourself the stress. Walk away. Pick a platform that actually shows up in the real world.

Is Thore Exchange safe to use?

No, Thore Exchange is not safe to use. There is no public information about its security practices, no proof of reserves, no cold storage details, and no insurance for user funds. It lacks basic transparency that even small exchanges provide. With only one user review and no third-party audits, there’s no way to verify its safety.

Does Thore Exchange have a mobile app?

No, Thore Exchange does not have a mobile app for iOS or Android. This is a major disadvantage in 2026, where over 78% of crypto traders use mobile devices. Without an app, you can’t trade on the go, monitor prices, or react to market changes quickly.

What cryptocurrencies does Thore Exchange support?

Thore Exchange does not publish a list of supported cryptocurrencies. Based on its lack of visibility and user activity, it likely supports fewer than 50 coins - possibly only Bitcoin, Ethereum, and a few others. Major exchanges like Binance and Kraken offer 200-1,000+ tokens. If you want to trade Solana, Cardano, or Polygon, you probably won’t find them here.

Are there any user reviews for Thore Exchange?

As of October 2025, Thore Exchange has only one user review on Cryptogeek’s TrustScore system, giving it a 3 out of 5. There are no reviews on CoinGecko, CoinMarketCap, Trustpilot, or Reddit. The lack of feedback suggests extremely low usage - or that users had bad experiences and didn’t bother to report them.

Is Thore Exchange regulated?

Thore Exchange is based in Switzerland but shows no evidence of holding a license from FINMA or complying with MiCA regulations. While Switzerland has strong crypto laws, simply being registered there doesn’t mean the platform is legally authorized to operate. Without proof of licensing, using Thore Exchange could expose you to regulatory risk, especially if you’re in the EU or U.S.

Why don’t major crypto sites review Thore Exchange?

Major crypto review sites like CoinBureau, NerdWallet, Koinly, and CoinSutra don’t review Thore Exchange because it lacks the scale, transparency, or user base to warrant analysis. These sites evaluate exchanges based on fees, security, features, and liquidity - all areas where Thore Exchange provides no data. If a platform doesn’t appear in these reviews, it’s usually because it’s too small, too opaque, or too risky to be recommended.

Can I trust Thore Exchange with my long-term crypto holdings?

No. You should never store long-term crypto holdings on any exchange - but especially not on one with no security transparency, no mobile app, and no user trust. If you’re holding crypto for months or years, use a hardware wallet like Ledger or Trezor. Exchanges like Thore Exchange are designed for trading, not storage - and this one doesn’t even meet the minimum standards for trading.