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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass

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 Instructions to purchase LooksRare

Some digital currencies, as LooksRare, must be bought with one more cryptographic money on decentralized exchange. To purchase LooksRare, you'll have to initially buy Ethereum (ETH) and afterward use ETH to purchase LooksRare. You'll want what's known as a self-custody wallet. This is the way to do that involving Coinbase Wallet for Canadians. 

1. Download Coinbase Wallet
A self-custody wallet like Coinbase Wallet is needed to buy LooksRare. Coinbase Wallet is accessible as a versatile application and program augmentation. 

2. Pick a Coinbase Wallet username
As a component of setting up your Coinbase Wallet, you should pick a username. This username lets other Coinbase Wallet clients effectively send you crypto. You can keep your username hidden, yet you will require one to get to your account.

3. Safely store your recovery phrase
At the point when you make another self-custody wallet, you'll be given a recovery phrase that comprises of 12 arbitrary words. The recovery phrase is the way in to your crypto, meaning anybody with your recovery phrase approaches your crypto. Try not to share your recovery phrase with anybody.

We emphatically suggest composing these down on paper and putting storing them safely, just as utilizing Coinbase Wallet's cloud backup feature. Keep in mind, don't share your  recovery phrase with anybody. Coinbase won't ever ask you for your  recovery phrase. Also in the event that you lose your  recovery phrase, Coinbase can't assist you with getting to your wallet.

4. Comprehend and get ready for Ethereum network charges
Expenses change in light of how bustling the network is, how complicated your transaction, and the speed you'd like the exchange be finished. Plan to save a few ETH for charges.

5. Purchase and move ETH to Coinbase Wallet
On the off chance that you don't have a Coinbase account, you'll have to make one to purchase Ethereum (ETH). The manner in which you move ETH to your Coinbase Wallet differs relying upon whether you're utilizing the mobile application or the Chrome. 

6. Utilize your ETH to purchase LooksRare in the trade tab
Assuming you're utilizing Coinbase Wallet on your cell phone, you can buy LooksRare directly in the application. Tap on Image of Coinbase Wallet App. Then, at that point, tap on the "Trade" tab, where you can trade ETH for any token that runs on the Ethereum standard (called "ERC-20 tokens"). Tap "pick coin" and select LooksRare. Input how much ETH you might want to trade for LooksRare. Make sure to leave enough for exchange expenses. Confirm your buy and adhere to the guidelines on the screen to finish.

On the off chance that you're utilizing Coinbase Wallet extension , tap the "Convert" button. Look for LooksRare and input how much ETH you might want to trade for LooksRare. Make sure to leave enough for exchange charges. Confirm your buy and adhere to the guidelines on the screen to conclude.