The Faxi (or Vatnsleysufoss) waterfall is located on the Golden Circle, a popular tourist trail east of Reykjavik. The waterfall is located on the Tungufljót river.
Faxi can be found around twelve kilometres from Geysir and Gullfoss, and eight kilometres from Skalholt, away from the main road on a gravel track which includes a picnic area and a small car park.
The waterfall is also popular with white water kayakers. The easy access and safe nature of Faxi makes it a perfect water for beginners to practice on. It is generally kayaked on the river left of the lip. All kinds of craft have been paddled down it including dual person kayaks, rafts, river boards and inflatable pool toys.