Maybe you’ve heard about the cryptocurrencies bitcoin and ethereum, but do you also know cardano (ADA)? It’s quickly become one of the most popular coins on the market, and you can trade it via Lunar Block.
Buy cardano with Lunar Block
What is cardano worth? See the rate
In the Lunar app, you can easily see what cardano, also known as ADA, is worth. Follow the rate by the minute, and see the value here and now before you buy.
Lately, cardano has seen a significant value increase. For example, if you bought 5,000 DKK worth of cardano in January 2021, it would be worth about 65,000 DKK in May the same year, according to Coinbase .
Cardano can rise and fall
However, it can also go the other way quickly. The rate of cryptocurrencies can fluctuate every second , and examples of very large gains and just as large losses in a short period of time have been recorded. That’s why you should always be aware that you could lose the entire amount you’ve bought crypto with, if the rate of the cryptocurrency goes down.
What's cardano (ADA)?
Cardano (ADA) is a digital currency that– just like any other cryptocurrency – isn’t controlled by a bank or a government. The exchange rate is adjusted after supply and demand.
Cardano is one of the more popular cryptocurrencies, since it’s on the top 10 over the cryptocurrencies in the world with the highest market value, as numbers from Coinbase in July 2022 shows.
You can read more about what cardano is here .
With Lunar Block, you can buy and sell cardano directly from your phone without creating a wallet. That makes it easy to trade crypto – even if you’re a beginner.
Buy and sell Cardano on a trustworthy platform
When you trade cardano with us, you can do so with complete peace of mind. You can do that because you’re trading on a Danish platform with full transparency.
And if you’d like to sell your cryptocurrency again, you can get the value of it paid out directly to your Lunar account. Remember, all cryptocurrency – cardano included – trading carries a large risk. When the rate can rise, it could also fall. So even if you have the opportunity to yield gains, you can also risk losing the entire amount you’ve bought crypto with.
Buy cardano at low, set trading price
With Lunar Block, you’re getting a set, low trading price. You’ll always know what you’re paying for, and there are no unpleasant surprises. Your trading price is 2,5% to buy and sell cardano. If you have Lunar Premium, that price is 1,5%, while if you have Lunar Pro, your price is just 1%.
At the same time, you’re avoiding pointless fees - such as a deposit fee, withdrawal fees and safe deposit charges.
Guide on tax reporting
Reporting your crypto gains or any losses to Skat seems like a hassle – but we can lighten some of the workload.
By the end of every year, we’re giving you the overview of your trades along with a guide on how to report crypto on your taxes. Like that, you can handle the tax report in a matter of minutes.
How to get started with cardano
Download Lunar for free
Download Lunar in the App Store or Google Play. Remember to have your photo ID ready.
Sign up to Lunar Block in the app
Find Lunar Block under ‘Products’ and sign up. First, you’ll be asked to take a test about crypto - among others, to make sure that you’re aware of the risks involved. You can learn more about the risks in the app before you take the test.
Buy cardano with a swipe
When we’ve approved you, you can buy crypto right away - cardano, for example - in the app, and buy with a single swipe.
Frequently asked questions - answered
How do I buy cardano?
How old do I have to be to trade crypto?
What does it cost to buy cardano at Lunar?
Do I need to know anything about cardano and crypto beforehand?
What’s the difference between trading cardano via Lunar Block and other platforms?
What risks should I be aware of?
Is it safe to trade cardano?
Do I get help reporting taxes?
Is there a minimum amount I need to buy cryptocurrency with?
Cryptocurrencies can rise and fall
When you trade cryptocurrencies, you need to be aware that it carries a large risk. The value of your cryptocurrency can both rise and fall, and you can risk losing the entire amount you’ve invested in cryptocurrencies.
Cryptocurrency trading 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.
We do not counsel
We do not advise on currencies and do not make recommendations for either buying or selling. We can provide factual information about the different currencies, but past price developments are not an indication of future developments.
No information from Lunar Block should therefore be considered as recommendations and all decisions are up to you alone.