Relai in Iceland
- Rank in Iceland
- #1 of 6
- Bitcoin in Iceland
- Legal
- Our rating
- 4.5
- Review updated
- 2026-08-12
Yes. Relai serves Iceland and ranks first of the 6 exchanges in our Iceland guide, on fees, security record and local payment support. Here it takes SEPA transfer. Around 1 percent per purchase, varying by volume and tier. Identity verification is required, in line with Relai's Swiss and EU regulatory obligations.
How to pay on Relai in Iceland
The deposit rails Relai offers to buyers in Iceland, from our Iceland guide reviewed 2026-08-12. Each one links to how that rail works here.
What Relai charges, and what it asks for
Around 1 percent per purchase, varying by volume and tier.
- spread note
- Pricing is a per-purchase fee around 1 percent depending on volume and tier, not a maker and taker schedule.
- deposit note
- Purchases run on SEPA and SEPA Instant bank transfers.
Identity verification
Required. Identity verification is required, in line with Relai's Swiss and EU regulatory obligations.
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.
Every exchange we rank in Iceland
Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.
| # | Exchange | Rating | Fees | ID check | Pays with |
|---|---|---|---|---|---|
| 1 | RelaiThis page | 4.5 | Around 1% per purchase | Required | SEPA transfer |
| 2 | Kraken | 4.7 | From 0.25% maker, 0.40% taker | Required | Credit or debit card, SEPA transfer |
| 3 | Bitpanda | 4.4 | Premium built into the price | Required | Credit or debit card, SEPA transfer, Apple Pay, Google Pay |
| 4 | Coinbase | 4.5 | Maker-taker on Advanced Trade | Required | Credit or debit card, SEPA transfer |
| 5 | Bitstamp | 4.3 | Maker-taker, falls with volume | Required | Credit or debit card, SEPA transfer |
| 6 | Binance | 4.2 | From 0.1% spot, maker and taker | Required | Credit or debit card, SEPA transfer, Apple Pay, Google Pay |
Frequently asked questions
Is Relai available in Iceland?
Yes. Relai ranks first of the 6 exchanges in our Iceland guide, ranked on fees, security record and local payment support. Here it takes SEPA transfer. Our Iceland guide was last reviewed 2026-08-12 and the Relai review on 2026-08-12.
What payment methods does Relai accept in Iceland?
In Iceland, Relai takes SEPA transfer. These are the localized rails from our Iceland guide, not the platform's global list.
What does Relai charge?
Around 1 percent per purchase, varying by volume and tier.
Does Relai require identity verification?
Yes. Identity verification is required, in line with Relai's Swiss and EU regulatory obligations. Our record marks this as the platform's own policy rather than a Iceland rule, so it applies wherever Relai 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.
Relai elsewhere in Europe
Relai ranks in 39 countries on this site. 12 of its 33 Europe pages are linked here; the review lists all of them.
Andorra
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany