During Monday’s Alternative Wealth Daily LIVE stream, crypto expert and Alternative Wealth Daily Advisory Board member Tom Gentile received a ton of great questions from our viewers.
So many that he was not able to answer every single one.
That’s why we wanted to take a few of those questions (or variations of them) that many of our other members have and provide those answers, all in one easy-to-find place.
Let’s jump right in…
Question 1: Is Coinbase the Best Platform to Buy Crypto?
Answer: Coinbase is a platform that many of our members have found easy to use, and you can buy all six of the cryptos in Chief Crypto Strategist Nick Black‘s starter portfolio – Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), and Fetch (FET) – through this one site.
We have a step-by-step guide on how to set up a Coinbase account right here.
Question 2: Can I Purchase Altcoins Through Kraken?
Answer: You can buy altcoins on Kraken, but there are some restrictions for United States residents, which you can learn more about here.
While we can’t recommend using a specific exchange, for the benefit of all of our members to know, Coinbase, Kraken, and KuCoin are some of the most reputable exchanges.
Question 3: Where Can You Buy Crypto and NFTs?
Answer: Outside of the exchanges we have mentioned, you can also go to CoinGecko.com, search for a specific cryptocurrency, and it will show you where you can buy it.
For NFTs, Nifty Gateway is a good place to start exploring the world of NFTs. Nick will tell you why in this short video.
Question 4: Are the Entry and Exit Points for NFTs Similar to a Stock?
Answer: NFTs will have a “floor” price, which is what someone wants to sell one for. In that regard, you could view it as the price that someone is willing to sell their shares of a stock for. But NFTs should not be considered investments, and what affects the price is very different than stocks.
Before buying your first NFT, please read this.
Question 5: How Much Do I Allocate to the Most Promising Cryptos?
Answer: Investing is a deeply personal decision, and you are the only one who is best equipped to know your goals, risk tolerance, and what you can afford to lose.
You can always start small and work your way up to making larger investments.
For anyone wanting to get started with a portfolio of long-term investments, Nick has a free starter kit of six coins to buy that are all available on Coinbase.
That’s all for now, but keep the questions coming!
Remember that you can submit them in the comments section below or in the chat during our next Alternative Wealth Daily LIVE stream.
As a reminder, Alternative Wealth Daily LIVE with Nick Black will now be streaming Tuesdays at 11:00 a.m. E.T., Thursdays at 11:30 a.m. E.T., and Fridays at 11:30 a.m. E.T. You can bookmark his live schedule here and sign up for SMS alerts here to be notified anytime he’s about to go live.
The Alternative Wealth Daily Research Team
2 responses to “Where to Buy Crypto, NFTs, and More of Your Questions Answered”
January 14 2022