Cryptocurrency - or just crypto - is a digital asset. Trading with cryptocurrency is done via Lunar Block in the app, where we have selected the most popular cryptocurrencies for you. At Lunar Block, we scan popular crypto exchanges, so we can offer you a good price.
In this article, you can read how to get ready to trade cryptocurrency through Lunar Block. If you have any questions about crypto that are not answered in this article, you can also get answers to frequently asked questions here.
Good to know before you get started
As with other platforms, there is also a risk when buying and selling crypto at Lunar Block.
Lunar Block is not regulated by the Financial Supervisory Authority, and therefore you do not have the same protection as if you, for example, trade with securities or other regulated assets.
How to get ready to trade cryptocurrency at Lunar Block
Before you can trade cryptocurrency at Lunar Block, we need to make sure you have the basics in place. Therefore, you must take a small test. For example, you must answer how much you can lose when buying crypto and how large fluctuations there are in the value of cryptocurrency. In this way, we ensure that you are aware of the risk associated with trading cryptocurrency.
Here's how to get started:
Open your Lunar app and select the Wealth tab in the menu at the bottom of the screen.
Find Crypto and tap there.
Scroll down the page and press Get Started.
Press Start the Test to take our test and get approved to trade crypto at Lunar Block. Then answer the various questions that we ask in the test.
If you do not answer all questions correctly in the test, you will not pass the test, but we show you which questions you answered incorrectly. You can then try to take the test again. If you answer all questions correctly, you pass the test, and you are now almost ready to trade crypto. Press Continue.
On the next page, you must answer how much crypto you expect to buy in the next year. This is just an indication, and you can easily buy more or less - choose the amount that you immediately plan to. Then press Continue.
You are now asked to accept privacy settings. Choose your settings and then press Continue.
On the next page, you can see your agreement document, warning letter, and terms and conditions. Click on the documents to open and read them through. If you accept these terms, click Accept.
You must now approve by entering your password for the Lunar app or by logging in to MitID.
You are now ready to trade crypto through Lunar Block in the Lunar app.