The good news ➙ local buses can carry your bike underneath with luggage.
But — overall — visiting the islands by bicycle is challenging.
Off-road biking is prohibited. There are few cycle paths. You must share the road with distracted tourists — though most are slow moving.
You are allowed to cycle through the many tunnels — though I only did it twice. One local lady told me they are used to going slow behind bicycles.

The weather is mostly windy and rainy. Wind is a bigger problem than rain. 😀

Wild camping is forbidden in the Faroe Islands. And it’s not that easy to get anywhere that is out of sight.
Campgrounds are mostly organized for motor vehicles — but you are allowed to tent. It’s expensive.
I did a bike tune-up, replacing the chain. Iceland is coming up!
Cost was about $160.
BUT a couple of days after the maintenance, I broke a chain while out on quite a remote road. Had to hitchhike back to the bike shop.

I had the same bus driver almost every day. And every day he told me the Faroe Islands are not made for cycling. And ever day he was correct. 😀

related – cycling trip report by Tobias Woggon & Max Schumann
Oh wow! Hope Iceland will be a little easier for you 😅
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Anyeay, It looks amazing to visit. But too expensive for bike maintenance