SORA Card vs. Other Crypto Cards and Wallets

A Comparison Between SORA Card and Other Crypto Card Solutions

Fri, Sep 30, 2022

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When designing the SORA Card solution, everyone involved was focused on delivering a unique product that stands out against the crypto card crowd and stays true to the SORA values of freedom, decentralization, self-custody and ownership, growth, as well as privacy.

While most crypto cards focus on selling and spending Crypto in the fiat economy, we strive to provide a more expansive banking-style experience through SORA Card.

Every card program applies a distinct business model and has diverse features, therefore it is challenging to make a clear comparison between all of the crypto-powered cards and banking apps currently on the market. However, below is an overview comparing some selected features that you, as the community, pointed out as the most important features SORA Card should include.

CardBinance CardCrypto.comChoiseRevolutSORA Card
Card CurrencyEUR / USD / GBPEUR / USDEURMulti-currencyEUR live
USD (Q1’25)
Fiat Wallet CurrencyCard is not linked to a fiat walletEUR / USDCard is not linked to a fiat wallet-IBAN wallet in app is EUR+30 currencies+20 currencies (Q4’24)
Account Linked to CardCrypto AccountFiat AccountCrypto AccountFiat AccountFiat Account
Card TypeDebit Auto-conversionDebit Top-upDebit Тор-upDebit Top-upDebit Top-up
Crypto Wallet TypeCustodialCustodialCustodialCustodialSelf-custodial
Apple Pay & Google PayYesYesOnly Apple PayYesYes
Who Possesses My Assets?Binance (Crypto)Crypto.com (Crypto) + IBAN provider (Fiat)Choise (Crypto) + IBAN provider(Fiat)Revolut (Crypto + Fiat)YOU (Crypto) + IBAN provider (Fiat)
Who Possesses My Personal Data?Binance + IBAN providerCrypto.com + IBAN providerChoise + IBAN providerRevolutYOU + IBAN provider not SORA
Exchange TypeCentralizedCentralizedCentralizedCentralizedDecentralized (Crypto↔Crypto) + Centralized (Crypto↔EUR)
Cash Withdrawal LimitEUR 290 per dayEUR 5000-10000* per day
*Depends on card
EUR 500 per day / EUR 2,500 per monthEUR 3,000 per dayEUR 5,000* per day
Spending LimitEUR 8,700 per dayEUR 25,000 per dayEUR 10,000 per monthNo spending limit / Max. 50 transfers per 24hEUR 25,000* per day
Top-Up LimitAuto-conversion spending limit EUR 8,700 per dayEUR 25,000 per monthEUR 5,000 per day 60,000 per monthNo crypto top-up enabledEUR 25,000 per day*
Top-Up OptionsCrypto — AutoconversionCrypto — top up for spending only, no fiat off rampCrypto + Fiat bank transferFiat: bank transfer, credit card, debit cardCrypto + fiat: bank transfer, credit card, debit card
IBANNoYesYesYesYes

View the comparison table as PDF: /pub/sora-card-table-alt.pdf

SORA Card’s goal is to provide users access and ownership over their crypto and fiat assets, all in one place!

As you can see in the above table, banking features such as IBAN functionality, FX, SEPA transfers, multiple fiat currencies, etc., make SORA Card stand out against the fiat options available from other crypto apps and cards. At the same time, through integration with XOR and the Polkaswap DEX, you will have access to tokens from multiple EVM chains, and all of the Kusama and Polkadot Parachains, as well as other Substrate tokens.

The SORA card offering will only continue to improve, and through further developments within the fiat and crypto wallet, as well as DEX integrations, users can expect SORA Card to be packed with exciting new features in the near future.


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