What does buying crypto cost?
Free bank deposits, a 1.99% spread on buying and selling and 7 USDC per bank withdrawal. Nothing hidden.
- ISK 0Bank deposit
- 1.99%Buy and sell
- 7 USDCBank withdrawal
Work out an example
Enter an amount and an exchange rate to see what each step costs.
- Deposit
- ISK 100,000
- Deposit fee
- Free
- Converted to USDC, no spread
- 827.54 USDC
- Spread, 1.99%
- −16.15 USDC
This example shows costs, not returns. Crypto prices and exchange rates change.
From krónur to crypto and back
- DepositISK 0
Transfer from any Icelandic bank account. It usually arrives within minutes.
- Converted to USDCNo spread
Arion Bank's general USD selling rate, with nothing added.
- Buy and sell1.99%
The spread is included in the price you see before you confirm.
- Withdraw7 USDC
To an Icelandic bank account. Withdrawals to your own wallet carry a network fee.
Every fee in one place
In
- ISK bank deposit
- Free
- Crypto deposit
- Free
- Blikk and Netgíró
- Per fee schedule
Trading
- Krónur to USDC
- No spread
- Buy
- 1.99%
- Sell
- 1.99%
Out
- To a bank account
- 7 USDC
- To your own wallet
- Network fee
- USDC on-chain
- Not available
Planning to trade large amounts? Email myntkaup@myntkaup.is and ask about a fee discount.
Why USDC?
USDC is the base currency of Myntkaup accounts. It is a crypto-asset designed to track the value of the US dollar.
Krónur you deposit are converted to USDC automatically. When you sell crypto you receive USDC, which you can keep, use to buy again or withdraw to a bank account.
Deposits and withdrawals are processed every day. At weekends and on public holidays, Arion Bank's rate from the last banking day is used.
Bank deposits cost nothing
The current fees are always in the Myntkaup fee schedule. If anything is unclear, email us at myntkaup@myntkaup.is.
Last reviewed 18 October 2026