Stocks are typically something a business offers. When you buy a stock, you’re buying a small part of that business.

A currency isn’t a business or a company, but is instead a medium for exchange between two or more parties.

What you could do is to buy and sell the currency directly. The value of your purchase will then follow the rate of the currency.

And you can do just that on our Danish platform, Lunar Block. Here, you can buy chainlink and other popular cryptocurrencies directly from the Lunar app. Remember, all crypto trading involves a great risk.

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Would you rather trade chainlink as regular stocks?

There are several reasons why you’d rather invest in cryptocurrency as stocks. For instance, the tax regulations for stocks are more beneficial for you than the tax regulations for cryptocurrency are.

Tip: Learn more about the tax regulations for cryptocurrencies here .

Even though you can’t invest directly in crypto as if they were regular stocks, you still have some opportunities.

You could try buying your way into funds - ETFs or ETNs - who follow the rate of chainlink. Instead of buying chainlink directly, you’re investing in a fund, that follow chainlink’s rate developments.

Follow chainlink’s rate

What are ETFs and ETNs?

ETF stands for Exchange Traded Fund, while ETN stands for Exchange Traded Note. Both types try to follow the rate developments of a certain market – such as the chainlink market.

So, when chainlink sees a 20% increase in value, a successful ETF or ETN will then also see a 20% increase in value. 

The difference between ETFs and ETNs

An ETF owns the stocks it tries to follow. That means that when you invest in a chainlink ETF, you’re investing in a fund that also owns chainlink. An ETN doesn’t own the stocks it tries to follow. An ETN works similarly to a bond of debt. If you purchase a chainlink ETN, the issuer of the ETN will then be indebted to you. The debt is then of the same value as the rise in value there has been on the market the ETN follows.

But since these are bonds of debt, where there’s no real ownership over actual assets, you could risk that the issuer goes bankrupt. This would mean that you could lose all the money you’ve invested.

With an ETF, the situation would rarely go this sideways. Because the ETF actually owns the assets - such as chainklink - the ETF can then choose to sell their chainlink coins, in order to raise capital to pay back their investors.

There are pros and cons to both types of funds, which you should consider before investing.

How do chainlink ETFs and ETNs work?

When you invest in ETFs or ETNs it works kind of like a stock. This means that gains and losses are taxed after existing taxation laws for stocks. Your investments can either be taxed as income on equity or as capital income, and further after the asset liquidation principle or inventory principle. Exactly as you know it from the regular stock world.

When you’re trading chainlink as a currency, you don’t have access to income on equity. Here, certain taxation rules apply, which you can get more information on here.

Tip: Read more about the special taxation regulations for crypto, including chainlink

Please note that you’re not able to use your chainlink tokens for staking with ETFs and ETNs. In short, chainlink staking is using your own chainlink holdings to “work” for the blockchain network - a work which is compensated in the form of more chainlink tokens.

Because ETFs and ETNs do not give you any direct ownership of chainlink tokens, you can’t use them for staking, which would be an option if you’ve invested directly in chainlink tokens.

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.

Buy chainlink ETFs and ETNs though Invest

Do you want to invest in chainlink ETFs and ETNs?

You can do so with Lunar. Get the app for free, and sign up to Invest to get started in minutes.

We cooperate with Saxo. You’re investing through Saxo Bank when you sign up to Invest. It’s just all happening in one place from your Lunar app, making it even easier.

Remember, there are risks connected to investing.

Read more about Saxo’s work with crypto-ETFs and ETNs here .

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You can also trade chainlink directly via Lunar Block

ETFs and ETNs aren’t the only things you can buy via Lunar.

From your app, you can also sign up to Lunar Block , which is probably Denmark’s easiest platform for buying and selling chainlink and other cryptocurrencies.

Here, you’re not investing in stocks, bonds of debt or funds - you’re buying chainlink and other cryptocurrencies directly.

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What you’re getting

• The world’s leading cryptocurrencies
• Everything in one app. Buy and sell without a wallet
• Simple trading platform without buzzwords
• A low, set trading price of 2,5% for Standard users, 1,5% for Premium users, and just 1% if you have Pro
• No pointless fees
• Best crypto prices across three of the largest exchanges
• Guide to tax reporting to Skat  [Easy tax reporting]
• Track price developments and set price alerts on currencies you follow

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.