Handle your cardano tax report to Skat quickly

When you trade cardano – or any other cryptocurrency – you’re responsible for reporting any losses and gains to Skat. We’re making that process a bit easier for you, so you can handle it in a matter of minutes.

Do you want to get started with crypto now? Then you should download Lunar for free, and sign up to Lunar Block. That’s the trading platform you’re buying and selling crypto from, when doing so with us.

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IT’S THIS EASY TO REPORT YOUR TAXES

Do you get a headache just thinking about reporting your crypto trades to Skat? Fret not. We’ll send you a guide taking you through the process step-by-step. You’re also getting an overview of your trades, so you have the full overview over what and how much you’re supposed to report each year. 

Read more about taxes and cryptocurrencies here.

Another thing to keep in mind are the risks connected to crypto trading. You can yield gains when trading cryptocurrency  – such as cardano – but you can also risk losing the entire amount you’ve used to buy cryptocurrency.

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HOW DO I INVEST IN CRYPTOCURRENCY?

You can easily invest in cryptocurrency from your Lunar app. It doesn’t require expert knowledge or large amounts of time.

Once you’ve downloaded Lunar, you can sign up to Lunar Block. After you’ve taken our crypto-quiz, you’re all set to buy crypto. After that, you can buy and sell cardano and all the other cryptocurrencies with a single swipe.

It’s up to you how much you’d like to trade with. The minimum amount for trades is 99 DKK.

It can be a good idea to continuously keep an eye on your crypto trades during the year. Then you’re better off when it’s time to report crypto on your taxes.

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SET, LOW PRICE AND NO UNPLEASANT FEES

When you trade cardano via Lunar Block you always know what you’re paying for.

As a Standard user, your trading price is 2,5% to buy and sell cardano. If you have Lunar Premium, that price is 1,5% - and if you’re a Lunar Pro user, your price is just 1%.

The fact that you’re trading at a set price also means that you avoid the many fees you could risk running into elsewhere. This could be withdrawal fees and exchange fees.

That means that you can use your money on trades – and not on pointless fees that makes your trades more expensive.

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FAQ

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.