Palleba

Account Setup

Learn how to buy, sell, and transfer crypto, and how to convert between public money and crypto.

This is especially meant for beginners in Crypto. This is where you get your foot in the door and start investing.

Account Setup Service (1000kr)

(One-time session) — Your choice of guidance (in-person, Zoom, or chat) — I stay until everything is done.

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
Add to basket

Account Setup Service (1000kr)

(One-time session) — Your choice of guidance (in-person, Zoom, or chat) — I stay until everything is done.

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
Add to basket

Below is a selection of introductory videos for those who wish to learn independently. The website currently refers to external video material. There is a lot of such material on the Internet, so just look for it.

 

Creating an account

The link above leads to a short introductory video demonstrating the account creation process. While the example shown is for Kraken, 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.

Often the most challenging part is to withdraw fiat money back to the bank account from a Crypto Platform. Among the available options, Kraken stands out as one of the simplest and most user-friendly platforms for withdrawing fiat money.

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.

How To Create And Verify Kraken Account