Licensed by the Central Bank of Iceland
Myntkaup ehf. is a crypto-asset service provider (CASP) under MiCA. This page explains what the licence covers and how client assets are held.
Licence- Holder
- Myntkaup ehf.
- Company ID
- 520717-0800
- Type
- Crypto-asset service provider (CASP)
- Legal basis
- MiCA, Regulation (EU) 2023/1114
- Supervisor
- Central Bank of Iceland
- Granted
- 25 June 2026
What the licence covers
Custody and administration
We hold and administer crypto-assets on behalf of our clients.
Exchange for funds
You buy crypto and sell it back for funds.
Exchange between crypto-assets
You swap one crypto-asset directly for another.
Transfer services
We send crypto-assets to your own wallet or another platform.
As of October 2026, Myntkaup is the only entry on the Central Bank's register of crypto-asset service providers.
How your assets are held
We use a hybrid custody setup that balances quick access with security.
No single key
We use multi-party computation (MPC) technology from Fireblocks. The key is split into several parts held in separate systems, so an attacker would have to break into several systems at once.
Licensed sub-custodians
A significant part of client assets is held by Coinbase in Luxembourg and Kraken in Ireland. Both are licensed crypto-asset service providers in the EU.
An exact record for every client
Some assets sit in pooled (omnibus) wallets, but our system records exactly what belongs to each client at all times.
Your assets are yours
- Legally segregated from Myntkaup's own assets.
- Protected from creditors if the company went bankrupt.
- Never lent out or used for our own investments.
Icelanders trust Myntkaup
Share of crypto owners: Nordic Crypto Adoption Survey 2025, K33 Research and the Nordic Blockchain Association, 28 March 2025, p. 100.
Withdraw whenever you want
Withdrawals are made in the app or on the web. There are two routes.
To an Icelandic bank account
Sell your crypto to receive USDC, then request a bank withdrawal. Withdrawals are processed every day and usually arrive the same day, often within hours.
Bank withdrawal guideTo your own wallet
Every supported coin except USDC can be sent to your own wallet on the coin's native network.
Crypto withdrawal guideEvery withdrawal is confirmed with your PIN in the app and by email. Unusually large withdrawals may need a manual security check before funds are sent.
Who is responsible if something goes wrong
Myntkaup is liable
- When a loss is caused by an incident within our control, such as a cyberattack on our systems or theft by an employee.
- We then refund the market value of the lost assets.
Outside our control
- Failures of the blockchain itself or 51% attacks on the network.
- You letting an unauthorised person into your account.
People who answer you
Email myntkaup@myntkaup.is or use our contact form.
Prefer to talk? Ask for a call and we'll ring you, typically within 48 hours and often sooner.
If you want to complain
Send a complaint by email or through the contact form. This is the process.
- Within 5 working days
We confirm receipt in writing and give your case a reference number.
- Within 30 days
We aim to give you a formal answer. If it takes longer, we'll tell you why.
- If you disagree
You can ask for an internal review, turn to a dispute resolution body where applicable, or refer the complaint to the Central Bank of Iceland.
Crypto prices can move sharply and you can lose money. Don't invest more than you can afford to lose.
Last reviewed 18 October 2026