Best Crypto Exchanges in Iceland (2025)

With cryptocurrency prices rising and the market gaining momentum, many Icelanders are showing a growing interest in owning digital assets. This renewed interest is driven by increased awareness of cryptocurrencies, their potential for returns, and Iceland’s supportive approach to blockchain technology.

Whether you are interested in financial opportunities or the innovation behind cryptocurrencies, choosing the best crypto exchange in Iceland is an important first step. 

That’s why we’ve compiled a list of the top crypto exchanges in Iceland to help you get started easily and securely.

Read Also: History of Top Cryptocurrency Exchanges

Key Takeaways 

• Iceland’s growing interest in cryptocurrencies makes choosing a reliable crypto exchange essential for secure and efficient trading.
• Security features like two-factor authentication and cold storage are key when selecting an exchange in Iceland.
• The best crypto exchanges in Iceland support fiat deposits, including Icelandic króna (ISK) or major currencies like EUR and USD.
• Trading fees vary across platforms, and comparing them can help maximize your profits.
• Top exchanges in Iceland in 2025 include UEEx, Coinbase, Bitpanda, and Binance.

Crypto Exchange	Best For	Available Assets	Trading Fee	Supported Cryptocurrencies	Unique Features	Security Features	Fiat Support	Max Leverage
UEEx	Overall Best	Over 300 digital assets and stocks	Margin fee: 0/08% – 0.10%, Spot trading 0.09%, Futures trading 0.05%	Bitcoin, Ethereum, Litecoin, and more	Intuitive platform, advanced analytics	Advanced encryption, two-factor authentication, cold storage	Yes	Up to 200x
Myntkaup	Beginners, ISK trading	Limited (Primarily BTC, ETH, and a few others)	Relatively higher than global exchanges (Varies based on volume)	BTC, ETH, LTC, and a few others	Focus on ISK pairs, simple interface	KYC/AML, cold storage	ISK	No leverage offered
Bitpanda	European market focus	3,000+ (Crypto, Stocks, ETFs, Metals)	1.49% included in the asset’s buy and sell price	Bitcoin, Ethereum, and more	Supports multiple payment methods, fiat, and crypto trading pairs	Two-factor authentication, insurance coverage for digital assets	Yes	Up to 125x
Binance	Advanced trading options	500+	0.1%	Bitcoin, Ethereum, Binance Coin, and more	Wide range of cryptocurrencies, advanced trading tools, and staking options.	Two-factor authentication, cold storage, SAFU fund	Yes	20x
Bit2Me	European market focus	Over 30	Depend on the volume traded in the last 30 days	Bitcoin, Ethereum, and more	Supports multiple payment methods, fiat, and crypto trading pairs	Two-factor authentication, insurance coverage for digital assets	Yes	No leverage trading
Skilling	Mobile trading	Over 1,200	Varies	Bitcoin, Ethereum, and more	User-friendly mobile app, low fees, demo account	Two-factor authentication, segregated accounts	Yes	Up to 50x for cryptocurrencies
Kraken	Security and Compliance	200+	0.25% (Maker), 0.40% (Taker) with volume incentives; 0.02% for all margin trading pairs except BTC (0.01%)	Bitcoin, Ethereum, and more	High liquidity, advanced trading features, staking options	Two-factor authentication, cold storage, insurance coverage	Yes	Up to 5x
SpectroCoin	Bitcoin exchange	50+	Varies	Bitcoin, Ethereum, Dash, XEM	Multi-currency wallet, prepaid debit card, exchange services	Two-factor authentication, cold storage	Yes	Not applicable

1. UEEx Exchange – Overall Best

(Source: UEEx)

UEEx is a cryptocurrency exchange established in 2021, offering Icelandic users a robust platform for trading over 230 digital assets, including Bitcoin, Ethereum, and smaller altcoins. The exchange has a user-friendly interface that caters to both beginners and experienced traders. 

For those new to trading, the copy trading feature allows users to replicate the strategies of successful traders, making it easier to start without deep market knowledge. 

You can benefit from competitive fees, with a flat 0.09% per trade, and further reductions of up to 50% by using the platform’s native token, UE Coin. 

UEEx also supports fiat deposits, making it accessible for users who want to fund their accounts directly with Icelandic króna or other major currencies. 

With advanced security measures such as cold storage and two-factor authentication, the platform emphasizes safeguarding users’ assets, which is an important consideration given the rise in global cyber threats.

Pros

• UEEx offers over 200+ cryptocurrencies and also provides you with diverse investment opportunities. 
• UEEx’s platform is designed to be intuitive, making it accessible for both beginners and experienced traders.
• Copy trading features allow you to follow and replicate the trades of successful traders
• Leverage of up to 200x for futures trading.
• UEEx employs advanced encryption and cold storage solutions to protect user assets. Also, the platform offers two-factor authentication to enhance account security. 

Cons

• The platform requires KYC verification, which may concern some users.
• The user interface might be challenging for beginners.

Fees

(Source: UEEx)

• Deposits are generally free.
• Withdrawal fees vary by asset; for instance, ETH – ERC20 withdrawals have a fee of 0.02 ETH. All charges are transparently outlined on the platform.

2. Myntkaup – Beginners, ISK Trading

(Source: Myntkaup)

Myntkaup is a cryptocurrency exchange made for people in Iceland. It makes buying, selling, and storing digital money simple.

It is easy to use, especially if you are new to crypto. It is less confusing than big international exchanges.

You can trade cryptocurrencies directly with Icelandic króna (ISK). This is a big plus for Icelanders. You do not need to change money many times. This can save you money. You can buy Bitcoin with ISK from your bank.

Myntkaup usually offers well-known cryptocurrencies. These include Bitcoin, Ethereum, and Litecoin. You can trade the main cryptocurrencies. There are fewer choices than on bigger exchanges.

Pros 

• The simple interface makes it easy for Icelanders of all technical backgrounds to buy and sell crypto.
• Eliminates the need for currency conversions, simplifying transactions and potentially saving money.
• The platform is designed specifically for the Icelandic market, with customer support and services tailored to Icelandic users.
• Adherence to KYC/AML regulations provides a level of security and trust for Icelandic users.

Cons 

• Compared to international exchanges, Myntkaup offers a smaller selection of cryptocurrencies. This might be a drawback for Icelanders looking to trade less common coins.
• Trading fees on Myntkaup can be higher than on larger international exchanges due to lower trading volumes. This means that Icelanders might pay a little more per trade compared to using a global platform.
• Myntkaup focuses on basic buying, selling, and storing. Advanced trading features like margin trading or futures are generally not available. This might not suit more experienced Icelandic traders.

Fees

Myntkaup’s fees are not always explicitly stated in a single, easy-to-find location and can change. 

They are usually calculated as a percentage of each trade and can vary depending on the trading volume. 

It’s important that you check the fee schedule on the Myntkaup website or contact their customer support for the most up-to-date information before making any trades. 

This is because the fees can significantly impact the overall cost of buying or selling cryptocurrencies.

3. Bitpanda – European Market Focus

Bitpanda started in Austria in 2014. It works in over 40 countries, including Iceland. You can use Bitpanda to buy and sell many things. These include cryptocurrencies, stocks, ETFs, and precious metals. This helps you spread your investments.

Bitpanda is easy to use. It has a simple website and a mobile app. This works for both new and experienced investors. You can also get a Bitpanda Visa Card. This lets you spend your investments like regular money. Over 54 million places that take Visa will accept it.

Bitpanda has fees built into the prices. Buying and selling cryptocurrencies costs extra. For example, buying or selling Bitcoin adds 1.49% to the price. This might cost more than exchanges that tell you the fees directly.

Sending and receiving Euros with SEPA is free. Other ways to pay might cost extra. The Bitpanda card uses Euros. If you spend Icelandic króna, you might pay extra fees to change the money.

Pros

• Access to cryptocurrencies, stocks, ETFs, and precious metals for comprehensive portfolio management.
• Intuitive interface and mobile app suitable for all levels of investors.
• Enables spending of investments globally at Visa-accepting merchants. 
• Services extended to Icelandic users, facilitating local participation in global markets. 

Cons

• Transaction costs are embedded in asset prices, potentially leading to higher expenses. 
• Bitpanda card transactions are primarily in euros, which may result in currency conversion fees for Icelandic króna users. 
• May not meet the needs of professional traders seeking sophisticated tools.

Fee Structure

• Zero fees on opening and maintaining the account, but a 1.49% included in the asset’s buy and sell price.
• Deposit is through bank transfer, iDEAL, debit/credit cards, Sofort, and PayPal. 
• No additional transaction fees for bitpanda Visa Card however, ATM withdrawals incur a fee of €1.50.

4. Binance – Advanced Trading Options

Binance is a big global cryptocurrency exchange. It offers many digital assets and ways to trade. You can use Binance in Iceland. You can find many cryptocurrencies there, like Bitcoin, Ethereum, and many others. This gives you many ways to invest.

Binance is known for low trading fees. The usual fee is 0.1% for each trade. You can pay even less if you use Binance Coin (BNB).

Binance also has advanced ways to trade. You can use margin trading and futures trading. You can borrow up to 10 times your money for margin trading. For futures, you can borrow up to 125 times your money. This works for both new and experienced traders.

But, you should know some things. Binance has had problems with rules in some countries. This might change how it works.

Binance has many tools, but it can be hard to use if you are new. Also, some things on Binance might not be available in Iceland. This means you might not be able to use everything.

Pros

• Access to a wide range of digital assets for diversified trading.
• Competitive rates start at 0.1% per transaction, with discounts available when using BNB.
• Options for margin and futures trading with high leverage, are suitable for various trading strategies.
• Ensures efficient trade execution and market stability.

Cons

• Ongoing legal issues in multiple jurisdictions may affect platform operations.
• The platform’s extensive features can be daunting for novice users.
• Certain services and cryptocurrencies may not be available to users in Iceland.

Fee Structure

• If you’re trading USDC and you’re the taker in the trade, you’ll get a slightly reduced fee of 0.095%.
• Depositing cryptocurrencies on Binance is generally free. However, when you withdraw crypto, you’ll have to pay a fee, and the amount varies depending on which cryptocurrency you’re withdrawing. 

5. Bit2Me – European Market Focus

Bit2Me, a Spanish cryptocurrency exchange from 2014, now serves Iceland. You can buy, sell, and store over 200 cryptocurrencies like Bitcoin and Ethereum.

Bit2Me makes it easy with bank transfers, credit cards, and debit cards. You can manage your crypto on the go with their app.

However, there are some things to know. Bit2Me’s fees change based on what you do. Trading fees can be from 0% to 0.6%. This might be more than other exchanges charge.

They offer many cryptocurrencies, but they do not have many advanced trading tools. If you are a professional trader, this might be a problem.

Bit2Me mainly uses Euros. If you use Icelandic króna, you might pay extra fees to change your money.

Pros

• Access to over 200 cryptocurrencies, providing diverse investment opportunities.
• Simple and intuitive platform suitable for both beginners and experienced users.
• Supports bank transfers and credit/debit card payments, enhancing accessibility.
• Manage crypto portfolios conveniently via the mobile application.

Cons

• Fees range from 0% to 0.6%, which may be higher compared to some competitors. 
• May not satisfy the requirements of professional traders seeking sophisticated features.
• Transactions primarily in Euros could result in additional currency conversion fees for Icelandic users.

Fee Structure

(source: Bit2Me)

• Bit2Me charges a flat fee of 1% for buying and selling cryptocurrencies. This fee is applied to the total transaction amount.
• On Bit2Me Space Center you can get discounts on fees up to 50% on Level 7, so you would pay half the fees.
• Deposit fees vary depending on the payment method and asset. For instance, certain payment methods may incur higher fees, and cryptocurrency withdrawals may have network fees. 
• A fee of 2.5% applies to all cryptocurrency purchases and exchanges. 
• A 0.25% fee applies for bank transfers to a SEPA account.

6. Skilling – Mobile Trading

(Source: SkillingWebsite)

Skilling is a Scandinavian-owned online trading platform that offers a range of financial instruments, including cryptocurrency CFDs (Contracts for Difference). You can access Skilling’s services to trade various crypto pairs with competitive pricing and user-friendly interfaces. 

The platform provides access to over 55 cryptocurrencies, allowing traders to diversify their portfolios. Skilling supports multiple trading platforms, including its proprietary Skilling Trader, cTrader, and MetaTrader 4, catering to both beginners and experienced traders. 

Skilling offers cryptocurrency trading through CFDs, meaning users do not own the underlying assets but rather speculate on their price movements. 

Pros

• The intuitive interface is suitable for both beginners and experienced traders.
• Access to over 55 cryptocurrency pairs and other financial instruments. 
• Support for Skilling Trader, cTrader, and MetaTrader 4.

Cons

• When you trade crypto on Skilling, you’re trading a contract that reflects the price movement of the asset, not the actual cryptocurrency itself.
• Because you don’t own the crypto, you can’t withdraw it to a personal wallet, use it for transactions, or participate in staking or other on-chain activities.
• Skilling is a global platform, so it doesn’t offer specific features or support tailored to the Icelandic market or the Icelandic króna (ISK).
• Trading CFDs involves leverage, which can magnify both profits and losses, making it a riskier investment compared to directly buying and holding cryptocurrency.

Fee Structure

• Trading fee is calculated based on commission and swap charges.
• Charges apply to accounts with no trading activity.
• 2.5% fee for withdrawals without prior trading activity. 

7. Kraken – Security and Compliance

(Source: Kraken’s website) 

Kraken is a well-established cryptocurrency exchange that has been operating since 2011. It offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and many altcoins, making it a versatile platform for users in Iceland. 

The platform is known for its robust security measures and user-friendly interface, which can be beneficial for both beginners and experienced traders. 

Also, Kraken provides various funding options, including bank transfers and cryptocurrency deposits, facilitating convenient transactions for Icelandic users.

However, it’s important to note that Kraken’s fee structure can be higher compared to some competitors. For instance, Kraken Pro follows a maker-taker model with fees starting at 0.25% for makers and 0.4% for takers, which is higher than some exchanges like UEEx that charge 0.09% for spot trading fees. 

Also, while Kraken supports a variety of cash deposit options, the availability of certain payment methods may vary by region, and you should verify the options available in Iceland. 

Pros

• Offers a diverse selection of digital assets for trading.
• Known for strong security protocols to protect user funds.
• Suitable for both beginners and experienced traders.
• Supports various deposit methods, including bank transfers and crypto deposits.

Cons

• Staking is not available in certain countries, including the U.S.
• Advanced features may feel overwhelming for beginners.
• Verification process can be time-consuming, especially for higher account tiers.
• The availability of certain deposit and withdrawal options may vary for Icelandic users.

Fee Structure

(Source: Kraken) 

• Instant Buy/Sell Fees: 0.9% for stablecoins and 1.5% for other cryptocurrencies.
• Additional Charges: Payments via cards or online banking incur a 3.75% fee.
• Withdrawal Fees vary by currency, ranging from $0.10 to $35 for fiat withdrawals​. 
• Cryptocurrency Deposits are generally free while cash deposit fees vary depending on the method; some options are free. 

8. SpectroCoin – Bitcoin Exchange

Alt text: SpectroCoin crypto exchange homepage (Source: SpectroCoin Website)

SpectroCoin is a cryptocurrency exchange and wallet service that has been operational since 2013, serving over 1.2 million users globally. 

You can use SpectroCoin to buy, sell, and store various cryptocurrencies, including Bitcoin, Ethereum, NEM, and Dash. The platform offers multiple payment methods, such as bank transfers and credit/debit cards, facilitating convenient transactions.

Also, SpectroCoin provides services like a personal IBAN account and a prepaid debit card denominated in euros, which can be used for purchases or ATM withdrawals in Iceland.

Furthermore, SpectroCoin’s fee structure includes a 2.99% fee for deposits via Visa or MasterCard, and international transfers (SWIFT) incur a 0.25% fee, with a minimum fee of €50. 

These fees are relatively high compared to industry standards. Also, the prepaid card is denominated in euros, which may result in currency conversion fees for you if you are dealing in Icelandic króna (ISK).

Read Also: Best Crypto Exchanges in Argentina (2025)

Pros

• Offers cryptocurrency exchange, wallet services, personal IBAN accounts, and prepaid debit cards.
• Supports bank transfers and credit/debit card payments.
• Available in over 200 countries, including Iceland. 

Cons

• Reports of issues with fund withdrawals and account access. 
• Prepaid cards denominated in euros, potentially leading to currency conversion fees for Icelandic users.

Fee 

• SpectroCoin’s maker and taker fees vary depending on the trading pair and the user’s trading volume. 
• SpectroCoin offers a market maker rebate of up to 0.1% for certain trading pairs. Trading with the BNK token is free.
• Visa/MasterCard Deposits cost 2.99%. 
• SWIFT Transfers costs 0.25% fee, minimum €50. 
• SpectroCoin charges a fee for USD withdrawals, with a minimum fee of $3. 
• On prepaid card transactions, $1 fee for domestic transactions; 3% fee for international transactions.

Benefits of Using a Crypto Exchange in Iceland

Cryptocurrency exchanges have become increasingly popular in Iceland as more citizens examine digital assets for investment and transactions. 

These platforms provide a reliable gateway to access the global crypto market while offering various services tailored to the needs of Icelandic users. 

Below are the key benefits of using a crypto exchange in Iceland.

1. Access to Global Markets

Crypto exchanges provide you with access to international cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, as well as newer altcoins. This global exposure allows you to diversify your investments beyond traditional financial assets like the Icelandic króna (ISK) or stocks. 

For instance, exchanges like UEEx allow you to trade against major fiat currencies like USD, EUR, or GBP, offering opportunities for cross-border financial activities.

2. Low Transaction Costs

Compared to traditional financial services, crypto exchanges often provide lower fees for buying, selling, and transferring funds. For example, UEEx offers trading fees starting as low as 0.09%, making it a cost-effective option for frequent traders in Iceland. 

Even for smaller exchanges that may charge slightly higher fees, you can benefit from reduced costs when dealing with large volumes or using native tokens for discounts.

3. Advanced Trading Features

Crypto exchanges offer advanced tools like spot trading, margin trading, and futures contracts, catering to both beginners and experienced investors. 

For example, platforms like UEEx provide leveraged trading options. This enables you to maximize your gains when market conditions are favorable.

4. Enhanced Financial Inclusion

Crypto exchanges offer you, as an Icelander, new financial opportunities, especially if you have limited access to traditional banking. 

Cryptocurrencies empower you to send and receive payments worldwide, bypassing conventional banking systems and breaking down barriers to financial inclusion. This is particularly beneficial for Iceland’s tech-savvy population, like yourself, engaged in global freelancing or remote work.

5. Convenience for Everyday Use

Some crypto exchanges offer additional features, such as prepaid debit cards or crypto payment gateways, which allow you to spend cryptocurrencies in daily life. For instance, platforms like UEEx provide prepaid cards denominated in euros, enabling you to shop online or withdraw cash at ATMs globally.

6. 24/7 Market Accessibility

Unlike traditional stock markets, crypto exchanges operate 24/7, allows you to trade or monitor your portfolios at any time. This flexibility is particularly advantageous for those with non-standard working hours or those who want to react quickly to market movements.

What to Consider When Choosing a Crypto Exchange in Iceland

Selecting the right cryptocurrency exchange is crucial for a smooth and secure trading experience. Icelandic users must carefully evaluate key factors to ensure the platform aligns with their needs, preferences, and local financial regulations. 

Below are the main considerations to keep in mind when choosing a crypto exchange in Iceland.

1. Security Features

Exchange	Insurance	Cold Storage %	Regulatory Status	Security Features
UEEx	Yes	93%	Licensed in US and Canada	Multi-factor authentication, Access control with IP and wallet whitelisting
Myntkaup	Not specified	Not specified	Registered in Iceland	KYC/AML, cold storage
Bitpanda	Yes	Majority	Registered with the Austrian Financial Market Authority (FMA)	Two-factor authentication (2FA), device management, session management, cold storage
Binance	SAFU	90%	FSMA registered	Advanced API permissions, Hardware 2FA
Bit2Me	Yes	95%	Registered with the Bank of Spain	Two-factor authentication (2FA), cold storage, regular security assessments
Skilling	Yes (Client funds are segregated)	Not Applicable (Primarily a CFD broker, not a custodial exchange)	Regulated by CySEC, FCA, and FSA	Client fund segregation, two-factor authentication, secure data encryption
Kraken	Yes	95%	Registered as a Money Services Business (MSB) with FinCEN in the US	Two-factor authentication (2FA), global settings lock, master key, cold storage
Spectrocoin	Not specified	Not specified	Registered in Tallinn, Estonia.	Two-factor authentication, cold storage

Security is one of the most important aspects when selecting an exchange. Look for platforms that implement robust safety measures such as two-factor authentication (2FA), cold storage for funds, and encryption for data. 

For example, UEEx is known for its strong security protocols, including air-gapped cold wallets that store the majority of your funds offline. You should avoid platforms with a history of hacking incidents or poor security practices.

2. Supported Cryptocurrencies

Consider the variety of cryptocurrencies available for trading on the platform. Leading exchanges like UEEx offer access to hundreds of cryptocurrencies, including Bitcoin, Ethereum, and altcoins like Solana and Cardano. 

If your goal is to trade lesser-known tokens or niche assets, check whether the exchange supports them. And if you are looking for diversification you should choose exchanges with a wide range of options.

3. Trading Fees

Exchange	Trading Fees		Max Leverage
	Maker	Taker
UEEx	0.09%	0.09%	200x
Myntkaup	Included in the exchange rate; no hidden fees	Included in the exchange rate; no hidden fees	Not applicable; no leverage trading
Bitpanda	Varies	Varies	2x
Binance	0.1%	0.1%	Up to 125x
Bit2Me	The fees applied depend on the volume traded in the last 30 days	The fees applied depend on the volume traded in the last 30 days	Up to 125x
Skilling	Varies (Calculated based on commission and swap charges)	Varies (Calculated based on commission and swap charges)	Up to 50x for cryptocurrencies
Kraken	Kraken Pro fees for makers go from 0.25% (with $0 – $10,000 trading volume) to as low as 0% (with $10,000,000+ trading volume)	Kraken Pro fees for makers go from 0.25% (with $0 – $10,000 trading volume) to as low as 0% (with $10,000,000+ trading volume)	50x
SpectroCoin	Varies	Varies	Not applicable; no leverage trading

Compare the trading fees of different platforms, as this can significantly affect your profitability. Exchanges typically charge fees based on a maker-taker model or a flat percentage of the transaction. For instance, UEEx charges a competitive 0.09% fee, while Kraken’s maker-taker fees start at 0.25%. 

If you trade frequently or in large volumes should prioritize platforms with lower fees to maximize their gains.

4. Fiat Currency Support

Ensure the exchange supports deposits and withdrawals in Icelandic króna (ISK) or other fiat currencies you plan to use. 

Platforms like UEEx allows you to fund accounts with local currencies through bank transfers or credit/debit cards. If ISK isn’t directly supported, check for exchanges that offer EUR or USD deposits, as these can be converted from ISK.

5. Liquidity and Trading Volume

High liquidity ensures that you can buy or sell cryptocurrencies quickly without significant price fluctuations. Exchanges like UEEx exchange is known for its large user base and high trading volumes, providing better liquidity. 

You should prioritize platforms with sufficient trading activity, especially if they trade large amounts or deal with volatile assets.

How to Get Started with UEEx in Iceland

Follow this simple step-by-step guide to begin trading on this user-friendly platform. 

This simple process makes it easy for Icelandic users to start trading on UEEx while ensuring their funds are secure.

1. Create an Account

Visit the official UEEx website and click on “Sign Up” in the top right corner of the homepage. Enter your email address or phone number (with your country code) and set a strong, unique password. 

If you have an invitation code, you can earn a commission when you sign up. 

After completing these steps, you’ll receive a verification code via email or SMS. Enter the code to confirm your registration.

2. Deposit Funds

Once your account is ready, you can deposit funds to begin trading. Head to the “Asset Management” section of the platform and choose between cryptocurrency or fiat currency deposits. 

Under the “Recharge” section, select your preferred deposit method and follow the on-screen instructions. 

The time it takes for the funds to reflect in your account will depend on the type of deposit (crypto or fiat) and the required processing or block confirmations.

3. Buy Cryptocurrency

With funds in your account, navigate to the “Trade” section beside your available balance. Select an order type, such as a market order or limit order, and specify the amount of cryptocurrency you want to purchase or the fiat amount you want to spend. Review your order and click “Buy” or “Sell” to complete the transaction.

4. Secure Your Funds in a Wallet

For better security, consider transferring your purchased cryptocurrency to a personal wallet. This could be a hardware wallet, like Ledger or Trezor, or a software wallet, like MetaMask or Trust Wallet. By doing this, you gain full control over your funds and protect them from potential risks associated with leaving assets on an exchange.

Are Crypto Exchanges Legal in Iceland 

Yes, cryptocurrency exchanges are legal in Iceland. The Icelandic government permits the operation of crypto exchanges within the country. However, these exchanges must adhere to specific regulations to ensure compliance with financial laws. 

For instance, in 2018, Iceland introduced legislation requiring cryptocurrency exchanges and other digital currency businesses to register with the relevant authorities. 

Also, Iceland enforces strong Anti-Money Laundering (AML) laws and aligns with the European Union’s 4th Anti-Money Laundering Directive. This means that Virtual Asset Service Providers (VASPs), including exchanges and wallets, are required to register to operate legally. 

Read Also: Best Crypto Exchanges in Mexico

Conclusion

Getting started with cryptocurrency trading in Iceland doesn’t have to be complicated. The best exchanges in 2025 combine ease of use, security, and affordability to make trading accessible for everyone. 

So even if you’re just starting out or looking to expand your portfolio, these platforms are here to support you every step of the way.

FAQs About the Best Crypto Exchanges in Iceland (2025)