Account Setup
Learn how to buy and sell crypto, and move funds between crypto and your bank
This section is ideal for beginners in crypto. Here you can learn the basics of how to Buy and Sell cryptocurrencies, and also how to deposit and withdraw Fiat from and back into your bank account from Crypto exchanges. This is where you get your foot in the door into the crypto world and invest your money the right way.
Account Setup Service (1000kr)
(One-time session) — I stay until everything is fully set up
Not sure where to start? Get one-time 1-on-1 guidance to complete your setup—no experience needed.
What you’ll get:
- How to make an account at a crypto exchange
- How to deposit and withdraw Fiat between your bank account and a crypto exchange.
- How to buy and sell crypto on the crypto exchange.
- How to transfer crypto between wallets.
- Below are a selection of introductory videos for those who prefer to learn independently. At this time, the website provides links to external video resources for this content.
Creating an account
The link above leads to a short introductory video demonstrating the account creation process. While the example shown is for Bybit, the steps are largely similar across most platforms.
Deposit and Withdraw Fiat
The video above provides a clear, step-by-step overview of how to transfer fiat currency between a crypto exchange and your bank account.
In my experience, withdrawing fiat back to a bank account is often the most challenging part for users. Among the available options, Kraken stands out as one of the simplest and most user-friendly platforms for fiat withdrawals.
Specific details that have helped people personally:
The first time you withdraw fiat to your bank account, you will need to go through a longer process. After that, future withdrawals can be done with just a few simple clicks.
When completing the longer process, select “SWIFT” bank transfer and fill out the required information. You can find this information by logging into your bank’s website. For example, with the bank “Norðoya Sparikassi”, first select the account you want to send money to, then click the details option (⋮), and choose “Account Info.” There, you’ll find your IBAN number and BIC, which Kraken requires.
If your bank uses non-English characters (such as ð), replace them with the closest standard letter (e.g., use “d” instead).
Buy & Sell Crypto
This short video provides a simple overview of how to buy and sell crypto on an exchange