Terms & fees

Buy / Sell Cryptocurrencies

If you want to buy or sell cryptocurrencies, you need to register as a customer with Bálkar:

The brokerage commission is 2.25% or a minimum $100. If you need to buy or sell for more than $80.000 or ISK 10.000.000 we will give you an offer for the commission.

The Risk Management / Remote trading commission is based on the principal invested, see our terms for the Risk Management service here.

Escrow Service

Bálkar will offer an escrow service for its customers that is open between 10-16 weekdays. Bálkar will charge a $100 fee for each withdrawal from its customer account. This fee is not charged when a customer is buying or selling cryptocurrency only for withdrawals from Escrow.

Consulting not related to brokerage

Consulting that is not related to our brokerage service such as setting up wallets or retrieving cryptocurrencies from lost wallets will be billed 20.000 kr or $150 per hour.

If you have any problems with registration please contact us

Email: balkar@balkar.is

Tel: +354 620 3700.