Skip to content
buybitcoinsmart
Menu
Iceland

Kraken in Iceland

Rank in Iceland
#2 of 6
Bitcoin in Iceland
Legal
Our rating
4.7
Review updated
2026-08-23

Yes. Kraken serves Iceland and ranks second of the 6 exchanges in our Iceland guide, on fees, security record and local payment support. Here it takes Credit or debit card and SEPA transfer; Credit or debit card is the rail local buyers lead with. Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. Identity verification is required to deposit fiat and trade.

Visit KrakenRead the full Kraken review
Rank in Iceland
#2 of 6
Fees
From 0.25% maker, 0.40% taker
KYC
Required
Pays with in Iceland
Credit or debit card, SEPA transfer
Currency
Icelandic krona (ISK)
Headquarters
San Francisco, United States

How to pay on Kraken in Iceland

The deposit rails Kraken offers to buyers in Iceland, from our Iceland guide reviewed 2026-08-12. Each one links to how that rail works here.

What Kraken charges, and what it asks for

Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. The simple Buy widget and card purchases include a spread and cost noticeably more.

maker
0.25% on Kraken Pro below $10,000 in 30-day volume, decreasing at higher tiers
taker
0.40% on Kraken Pro below $10,000 in 30-day volume, decreasing at higher tiers
spread note
Instant buys through the simple interface include a spread; use Kraken Pro for the published maker-taker rates.
deposit note
ACH and SEPA deposits are free or low cost; card and digital wallet deposits carry processing fees.
withdrawal note
Bitcoin withdrawals carry a small network-based fee; fiat withdrawal costs vary by method and currency.

Identity verification

Required. Identity verification is required to deposit fiat and trade.

7 costs by action, on the Kraken review

Kraken's security and regulatory record

10 dated events on our record since 2020, 6 of them breaches, enforcement actions, insolvencies or outages. Newest first.

  1. Proof of reserves

    Latest proof of reserves shows bitcoin backed at 102.9%

  2. Breach

    Kraken refuses extortion after two support staff misused internal systems

  3. Licence

    Kraken wins a MiCA licence from the Central Bank of Ireland

  4. Resolved

    SEC drops its unregistered exchange case against Kraken

  5. Enforcement

    Australian court finds Kraken's local operator broke product rules, AUD 8 million penalty

All 10 events with detail and sources, on the review

Every exchange we rank in Iceland

Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.

Bitcoin exchanges ranked in Iceland by our editorial review of fees, security record and local payment support, with the payment methods each one offers here.
#ExchangeRatingFeesID checkPays with
1Relai4.5Around 1% per purchaseRequiredSEPA transfer
2KrakenThis page4.7From 0.25% maker, 0.40% takerRequiredCredit or debit card, SEPA transfer
3Bitpanda4.4Premium built into the priceRequiredCredit or debit card, SEPA transfer, Apple Pay, Google Pay
4Coinbase4.5Maker-taker on Advanced TradeRequiredCredit or debit card, SEPA transfer
5Bitstamp4.3Maker-taker, falls with volumeRequiredCredit or debit card, SEPA transfer
6Binance4.2From 0.1% spot, maker and takerRequiredCredit or debit card, SEPA transfer, Apple Pay, Google Pay

Full comparison in the Iceland guide

Frequently asked questions

Is Kraken available in Iceland?

Yes. Kraken ranks second of the 6 exchanges in our Iceland guide, ranked on fees, security record and local payment support. Here it takes Credit or debit card and SEPA transfer; Credit or debit card is the rail local buyers lead with. Our Iceland guide was last reviewed 2026-08-12 and the Kraken review on 2026-08-23.

What payment methods does Kraken accept in Iceland?

In Iceland, Kraken takes Credit or debit card and SEPA transfer. These are the localized rails from our Iceland guide, not the platform's global list.

What does Kraken charge?

Kraken Pro charges 0.25% maker and 0.40% taker below $10,000 in 30-day volume, falling from there. The simple Buy widget and card purchases include a spread and cost noticeably more.

Does Kraken require identity verification?

Yes. Identity verification is required to deposit fiat and trade. Our record marks this as the platform's own policy rather than a Iceland rule, so it applies wherever Kraken operates.

Is bitcoin legal in Iceland?

Bitcoin is legal in Iceland. As an EEA member, Iceland applies the EU's MiCA framework for crypto-asset service providers, with supervision handled by the Financial Supervisory Authority, part of the Central Bank of Iceland since 2020. The capital-control era restrictions on buying foreign currency with krona, which once caught bitcoin purchases, ended when the controls were lifted in 2017.

Has Kraken had security incidents or regulatory action?

Our record for Kraken lists 10 dated events since 2020: 4 enforcement actions, 2 breaches, 2 licences, 1 resolved case and 1 proof-of-reserves attestation. The most recent, on 2026-06-30: Latest proof of reserves shows bitcoin backed at 102.9%. Each event carries a source on the Kraken review.

Kraken elsewhere in Europe

Kraken ranks in 127 countries on this site. 12 of its 45 Europe pages are linked here; the review lists all of them.

Sources