NFTs reviews for beginners

What Is NFTs in the United States of America, United Kingdom, Australia, and Canada?

Non-Fungible Tokens are popularly known as a long form of N F T s. 

You can buy and sell it through cryptocurrency exchange trading platform. 

A good example of Non Fungible is a train ticket.

Is NFTs legal in the United States of America, United Kingdom, Australia, and Canada?                              

Yes! If NFTs trading platform is licensed and allowed to operate in any country, then they are automatically legal to trade.

 

Is trading NFTs illegal in the United States of America, United Kingdom, Australia, and Canada?

It is not illegal in some states and regions United States of America, United Kingdom, Australia, and Canada because most trading platform like www o p e n s e a io obtain license from the government and are also regulated by well known financial regulatory bodies.

 

Is a non-US alien required to pay NFTs taxes (I R S) in the United States of America, United Kingdom, Australia, and Canada? 

 

Yea! it's because of the trading with cryptocurrencies.

 

You will be taxed as long as you own taxable assets in United States of America. 

United States of America has even declared crypto-currencies as taxable assets same as real estate properties and has also recommended www c r y p t o t r a d e r tax.

 

Is it possible to convert NFTs in the United States of America, United Kingdom, Australia, and Canada? 

 

It's one of a kind asset because they have unique properties. 

Although, it uses e t h e r e u m for their transaction and this is very possible because of exchange platform like o p e n s e a. 

It allows you to convert NFTs into crypto-currency. 

 

How to make money with NFTs in the United States of America, United Kingdom, Australia, and Canada? 

You can make money in four (4) major ways namely -

1. Digital works of Art
2. Fashion NFTs
3. Licensed collectibles
4. Video games

Is it legal in the USA to trade other people’s NFTs in the United States of America, United Kingdom, Australia, and Canada? 

 

Yes! If a cryptocurrency exchange platform is licensed and allowed to operate.

If it has been listed on their platforms, they are automatically legal to trade 

Is it possible for NFTs to become a legal currency in the in the United States of America, United Kingdom, Australia, and Canada? 

Not now but some investors, entrepreneurs and top brands are gradually embarrassing it as part of their product purchasing currency. 

For instance, Christie’s house was auctioned and a digital artwork was sold for $ 69 Million. 

The amazing thing is that the winner of the bid will not receive any painting, sculpture or a print but a digital token called Non-Fungible Tokens.   

 

How can I buy NFTs as a non-US resident in the United States of America, United Kingdom, Australia, and Canada? 

You can buy it through crypto-currency exchange trading platform from any where in the world including United States of America. 

All you have to do is to provide the platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How to set up NFTs exchange in the United States of America, United Kingdom, Australia, and Canada? 

Be sure that the country allows individuals to own a exchange platform. 

Then, you enquire from other cryptocurrency investors to know how to go about it. 

After getting the right information, then you need to seek for funding by sharing you business plan with a reliable person who is willing to invest into the plan.

At this point, you have received funds to launch the exchange.

It's time to engage social media influencers, popular figures and advertisement in other to get known and test how saturated the market is.

 

How can a U S citizen buy NFTs in the United States of America, United Kingdom, Australia, and Canada? 

You can buy it through platform like www o p e n s e a io. 

All you have to do is to provide the cryptocurrency exchange trading platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How to safely buy NFTs as a minor in the United States of America, United Kingdom, Australia, and Canada? 

You can buy it even as a minor at www o p e n s e a io.

 

All you need to do is to create a g mail account for your registration and provide the required documents by the crypto-currency exchange trading platform for verification to avoid scam or hackers.

 

How to pay tax for trading NFTs in United States of America, United Kingdom, Australia, and Canada? 

I R S stated around March 2014 that all virtual currencies including bitcoin would be taxed as property rather than currency. 

NFTs are taxed through software platform by www c r y p t o t r a d e r tax

  

How do I buy NFTs in the United States of America, United Kingdom, Australia, and Canada?

You can buy it through platform like www o p e n s e a io in United States of America, United Kingdom, Australia, and Canada. 

All you have to do is to provide the platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

Can I invest $1 NFTs in United States of America, United Kingdom, Australia, and Canada?

Off course yes! You can invest into any exchange platform

 

Can a US F1 visa holder purchase NFTs legally in United States of America, United Kingdom, Australia, and Canada?

You can buy it through crypto currency platform

All you have to do is to provide the cryptocurrency exchange trading platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

Do criminals use NFTs to hide their money in United States of America, United Kingdom, Australia, and Canada? 

No for now! There are so many reports of dating website scammers diverting their proceeds from victims into cryptocurrency wallet to avoid been caught and arrested by anti-corrupt bodies. 

 

Do you feel that NFTs (cryptocurrency) has much of a future in United States of America, United Kingdom, Australia, and Canada? 

Yes! The reason is because e t h e r e u m is used with NFTs. 

It's one of the most used crypto in the world. 

It has the second biggest market cap. 

According to investors, the price of one will exceed $ 1 M.

Lastly, NFTs sales were $ 250 M in 2020 but in the first quarter of 2021, it rose to $ 2 B.

 

Can F1 students buy NFTs in the United States of America, United Kingdom, Australia, and Canada? 

You can buy it  through www o p e n s e a io.

 

All you have to do is to provide the cryptocurrency exchange trading platform with any document they need to enable them verify your account and for security measures. (K Y C verification and 2 F A authentication)

 

How are other cryptocurrencies taxed in United States of America, United Kingdom, Australia, and Canada? 

Crypto-currencies are taxed through software platform by www c r y p t o t r a d e r tax. 

It will show you how crypto-currencies are taxed. 

The sale of e t h e r e u m you purchased from cryptocurrency exchange trading platforms for NFTs are examples of transactions that can be taxed.