Buy crypto in minutes

FREQUENTLY ASKED QUESTIONS - ANSWERED

• How do I purchase cryptocurrency?

  With Lunar Block, you’re ready to trade quickly. You’ll download the Lunar app and sign up for Lunar Block in the app. You’ll have to take a test in connection to the signup, where we will ask you, amongst other things, about the risks of crypto trading. When you’ve been approved, you can start trading crypto immediately.

• What does it cost to buy cryptocurrencies with Lunar?

  We cooperate with three of the largest crypto exchanges, Coinbase, Kraken, and Bitstamp, so you’ll get the best rate for cryptocurrencies across the three exchanges.

  We have a set, low trading price on 2,5% of your purchase or sale, and if you have Lunar Pro, the price is just 1%. You’ll avoid the typical fees such as deposit fees to the account, withdrawal fees from the account, and safe-deposit charges.

• Do I need to know anything about cryptocurrency beforehand?

  You can easily trade crypto via Lunar Block, even if you’ve never tried it before. Our user-friendly platform is developed so everyone can get started quickly.

  There are no unintelligible buzzwords, and in the app, you can get an overview of the different cryptocurrencies. In the app, we’re also informing you about the risks you need to be aware of. Before you sign up, you will need to take a test to make sure you understand the risks of trading crypto.

• What’s the difference between trading cryptocurrencies via Lunar Block and other platforms?

  When you buy and sell cryptocurrency via Lunar Block, you won’t have to create a wallet to store your crypto and a key for said wallet. You only need to use the Lunar app and your NemID.

• What risks should I be aware of?

  It’s important that you’re aware that all trading with cryptocurrencies poses a large risk. The value of your cryptocurrency can both rise and fall, and you can risk losing the entire amount you purchased cryptocurrency with.

  We can provide factual information about the price developments on the different currencies, but previous price developments are not indicative of future developments.

  We do not counsel about buying cryptocurrency and do not give recommendations on purchasing or selling. No information from Lunar must be considered as recommendations, and all decisions are up to you alone. Trading with cryptocurrency is done through Lunar Block. Lunar Block is not regulated by the Danish Financial Supervisory Authority (Finanstilsynet). That means you won’t have the same protection as when trading e.g. stocks or other regulated assets.

• Is it safe to trade cryptocurrency?

  There’s always uncertainty involved in crypto trading. The value of your cryptocurrency can both rise and fall, and you can risk losing the entirety of the amount you purchased with.

  Historically, crypto has had large fluctuations, which means it can rise a lot in value in a very short period of time, but it can fall just as quickly again.

• What does it mean that cryptocurrency is unregulated?

  Crypto is a digital currency, which is neither issued nor guaranteed by a central bank or a public authority. Thus, it’s not regulated. That means that the rate can rise and fall significantly in a short period of time and that you will not receive the same consumer protection as you would with regulated financial products, such as stocks. In the long run, crypto will probably be regulated, but until then, it is important that you relate to the fact that pretty much everything about crypto is not regulated by the authorities.

• Do I get help reporting taxes?

  As a crypto owner, you must report your gains or losses to The Danish Tax Authority (Skat) annually, if you have made or lost money on your crypto purchase. For many, it can seem unmanageable to report, which is why we’re helping you.

  By the end of the year, you will receive an overview of your crypto purchases, and with that, you’re also receiving a guide on how to report to the tax authorities. With the guide, you can handle the tax reports in a matter of minutes.

• Is there a minimum amount I need to buy cryptocurrency with?

  The minimum amount is all the way down to 99 DKK, so you won’t need a lot of money to trade crypto with Lunar Block.

• How old do I have to be to trade crypto?

  You must be 18 years old to trade crypto via Lunar Block.

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