Easiest way to buy Bitcoin in Iceland
Myntkaup offers you a simple way to buy, sell and manage your cryptocurrencies.
How does Myntkaup work?
You sign up with electronic ID, deposit krónur and buy. Your krónur are converted to USDC with no added spread, and you use USDC to buy bitcoin or other crypto. See the fees, our licence and custody and how to withdraw.
Registration
You register with Icelandic electronic ID or the Auðkenni app.
Deposit
You transfer krónur from an Icelandic bank account and they are converted to USDC.
You buy Bitcoin
You buy bitcoin, ether or other crypto with USDC.
Myntkaup in numbers
According to the Nordic Crypto Adoption Survey 2025, Myntkaup is the most popular choice for Icelanders buying and selling crypto.
62 billion+
Total trading volume (ISK)
250,000+
Total trades
25,000+
Number of registered customers
13
Number of supported cryptocurrencies
The app is simple to use
Myntkaup offers functionality that makes it simple for you to start trading.
Deposits
You can deposit using bank transfer, Blikk or Netgíró.
Withdrawals
Easy to withdraw money with bank transfer.
Buy and sell
You can log in and trade in a simple manner.
Portfolio
Easy to track your portfolio.
Popular cryptocurrencies
Myntkaup podcast
Frequently asked questions
What is Myntkaup?
Myntkaup is an Icelandic crypto exchange licensed by the Central Bank of Iceland, with more than 25,000 registered customers. With Myntkaup you can deposit krónur, buy and sell bitcoin, ether and other crypto, withdraw crypto to your own wallet, or sell and get paid into an Icelandic bank account.
According to the Nordic Crypto Adoption Survey 2025, Myntkaup is the most popular choice among Icelandic crypto owners: 30.6% use Myntkaup to buy and sell crypto, more than Coinbase (26.4%) or Binance (20.8%).
How do I deposit funds into my Myntkaup account?
You can deposit in three ways:
Bank transfer. Transfer from any Icelandic bank account to account No. 0301-26-027012, kennitala 520717-0800. Our system checks for new deposits every few minutes, every day of the year, and they usually reach your account within minutes, including at night and at weekends. In rare cases, for example a bank outage or exceptionally high volume, it can take longer. Bank deposits are free.
Your krónur are converted to USDC automatically at Arion Bank's general USD selling rate, with no added spread. At weekends and on public holidays the last banking day's rate is used. See Fees and costs.
Blikk & Netgíró. Blikk and Netgíró deposits are instant, at any time of day, with a service fee as listed in our fee schedule.
Crypto deposit. You can deposit crypto to the deposit address shown under deposits in the app or on the web. Crypto deposits are free, and every supported coin except USDC can be deposited on its native network. Confirmation time depends on the blockchain. Read more about crypto deposits here.
Do you have an app?
Yes, the Myntkaup app is very popular amongst our customers! You can download it via the App Store or Google Play Store. You can also download the app by clicking on this link here.
What cryptocurrencies do you have on offer?
We currently offer Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), XRP, Polkadot (DOT), Sui (SUI), Shiba Inu (SHIB), Dogecoin (DOGE), Chainlink (LINK), Hedera (HBAR) and USDC.
Every coin except USDC can be deposited and withdrawn to your own wallet on its native network (ERC-20 tokens on the Ethereum network). USDC can't currently be deposited or withdrawn on-chain.
Is Myntkaup always open? Can I deposit funds and trade at any time?
Myntkaup is open and active 24/7, every day of the year, always. Buying and selling is an automatic process. The same applies to crypto deposits, Blikk and Netgíró deposits. Bank withdrawals and crypto withdrawals are processed with the consent of an employee for security reasons and therefore customers sometimes have to endure a short wait time if a bank withdrawal or crypto withdrawal is requested outside of service hours (09:00-23:59).
Download the Myntkaup app today
With the Myntkaup app, you can buy and sell Bitcoin, Ethereum, Solana and other cryptocurrencies. You can easily track your portfolio & real-time prices.
