How to Live Free: Crypto Tips Interviews Andrew Henderson of Nomad Capitalist
Welcome to How to Live Free. Today we are talking with Andrew Henderson of Nomad Capitalist about crypto tips.
Andrew: My name is Andrew Henderson, and I’m the founder of Nomad Capitalist. I’m an international entrepreneur, tax strategist, and investor.
Andrew, can you tell us a bit about what you do?
Andrew: Sure. I help people all over the world to live a life of freedom and become global citizens. I show people how to legally and properly protect their assets, reduce their taxes, and live and work from anywhere in the world. And I also help people with their cryptocurrency investments.
So what kind of crypto tips do you have for people who are just starting out?
Andrew: The first thing I would recommend is to diversify your crypto portfolio. Don’t put all your eggs in one basket. There are thousands of different crypto coins out there, so make sure you diversify your portfolio across different types of coins.
Second, I recommend using a hardware wallet to store your crypto. This is a physical device that stores your coins offline and provides an extra layer of security.
Third, don’t forget to pay taxes on your crypto gains. Tax laws vary from country to country, so make sure you know the rules in your jurisdiction.
Finally, do your own research before investing in any coin. Never invest in something you don’t understand.
Thanks for the tips, Andrew. Any last words?
Andrew: Sure. Crypto is a great way to diversify your portfolio, but it’s important to remember that it is still a high-risk asset. Always do your own due diligence and never invest more than you are willing to lose. Be safe and happy investing!
