In this article, we have tried to answer some of the most frequently asked questions about cryptocurrency trading at Lunar Block.

All crypto sales are taxable and you are responsible for reporting your gains or losses to the tax authorities. However, for many, reporting can seem overwhelming, so we're here to help.

At the end of the year, you will be sent an overview of your crypto sales and along with it, you will receive a guide on how to report to SKAT. With the guide, you can complete the reporting in just a few minutes. We make sure to give you the basic knowledge so you can enter your crypto sales in your tax return.

When buying and selling crypto at Lunar Block, there is a fee of 2.5% for Light users and 1.5% for Plus users, while Lunar Unlimited users only pay a 1% fee. As a Lunar Unlimited user, you also avoid fees for depositing money into the account, fees for withdrawing money from the account and custody fees.

The minimum price for a purchase is 99 kr. and the maximum amount is 75,000 kr.

When you sign up for Krypto with Lunar Block, you agree to our terms and conditions. If you would like to see these terms and documents, you can find them under Agreements in the Profile section of the Lunar app. We will also send the documents to your email.

Once a transaction has gone through, you will also receive a proof of trade to your email with all the details of the purchase.

Your cryptocurrencies are stored in what is known in technical terms as a 'wallet'. Each user does not have their own wallet - instead, it is managed by Lunar Block and stored in segregated accounts. This is a storage method that reduces both risk and complexity and gives you easy access to your cryptocurrencies. By limiting ourselves to a closed surface, we can guarantee a minimal level of lost keys and lost passwords.

Lunar's crypto platform works in collaboration with a number of partners.

We trade at a variety of exchanges through our partner FalconX. In addition, Copper is used for cold storage*.

*Cold storage is transferring your private cryptocurrency keys to a non-connected medium for security reasons.

Crypto prices go up and down all the time, but we always show the latest prices in the app. The actual price you get when trading cryptocurrencies may differ slightly from the latest price. If the market has changed, you can see it in the app. It's worth noting that you never pay more than the amount you entered when trading.

Please note that we do not advise on buying and selling. We can provide factual information about the price development of the different currencies, but past price development is not an indication of future development.

The money from cryptocurrency sales will always go directly into your primary bank account.

It is not possible to transfer cryptocurrencies to or from other wallets outside Lunar. It is also not possible to transfer to or from other platforms. This is to provide you with as much security as possible.