Livepeer provides a decentralised video infrastructure that new and existing broadcasters can use to deliver video content via blockchain technology. The network is powered by Livepeer’s utility token, LPT, and this guide will explain how to buy it.
If you’re looking for a simple way to buy Livepeer, all you need to do is sign up with a crypto exchange. You can access it online with a computer, smartphone, or tablet to quickly buy and sell Livepeer and a range of other cryptocurrencies. The best platforms are listed below as well as a quick step-by-step guide on purchasing Livepeer.
Find a broker or exchange where you can buy LPT. You might want to consider aspects such as what fees they charge and what customer support they offer before signing up. We’ve compared the best platforms later in this guide but if you want to buy LPT right away, you can sign up with our top recommendations in the table below.
Most Popular 1 Min Deposit $ 10 User Score 4.95 Up to $240 bonus! Build a diversified portfolio with crypto, stocks, and ETFs — all in one place. Trade on the world's leading social trading and investing platform Open Account more info Description: eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users. Payment Methods: Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer Full Regulations: CySEC, FCA 2 Min Deposit $ 1 Promotion User Score 4.75 0% deposit fees, 0% withdrawal fees, 0% trading commissions Set up automated trades and up to 50 limit orders with ease Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1 Visit Site more info Description: Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform. Payment Methods: Full Regulations: 3 Min Deposit - Promotion User Score 4.65 Strong security controls and adherence to regulatory compliance. Their certifications include ISO/IEC 27001:2013, SOC 1 Type 2, and SOC 2 Type 2 Users can spend their crypto holdings with the Gemini Mastercard®, issued by WebBank. Offers an advanced trading platform, tailored for experienced traders. Visit Site more info Description: Gemini is a full-reserve and highly-regulated cryptocurrency exchange and custodian. Founded in 2014 and based in New York City, it operates in 70+ countries. Gemini offers a secure platform for buying, selling, storing, and converting crypto assets. They prioritize user safety and even provide a Gemini Mastercard for spending crypto holdings. Payment Methods: Ethereum, Bank Transfer, Bitcoin, Debit Card, PayPal, Credit Card, Wire Transfer, Visa, Mastercard, Cryptocurrencies, American Express, ACH, Apple Pay, Google Pay Full Regulations: NYSE
Navigate to the account creation page on your chosen platform and fill in the registration form. You may also have to provide additional documentation such as a photo ID or proof of address. Go to the deposit page and fund your account through one of the accepted payment methods.
Search the platform for the relevant trading pair (this will be the LPT/GBP trading pair if you have just deposited British pounds) and create a buy order for the amount you wish to purchase. A market order will be filled straight away, while a limit order will be filled once LPT reaches a specified price.
Livepeer is a decentralised video streaming network built on Ethereum. It can be used to facilitate a range of video media projects, such as streaming platforms, digital conferences, live broadcasts, and video-enabled decentralised applications (dApps).
The expense of tools and fees charged by centralised services can make it difficult for new broadcasters to compete with those who are already well established. However, with blockchain technology, Livepeer provides a decentralised solution that is low cost and opens up new possibilities.
An optimal viewing experience for end-users requires that videos be reformatted through transcoding. Node operators on the Livepeer network provide the computing power to transcode, process, and deliver videos.
The node operators are rewarded for their work with Livepeer’s token, LPT. Other LPT holders can also stake their tokens to earn rewards by delegating them to a node operator.
LPT can lend itself to different ways of investing, with some people buying it for the short term and others for the long term. Both approaches are valid and which you choose is a matter of preference and ability.
The buy and hold strategy is the simplest strategy there is. As you might have guessed, it just involves buying LPT and holding onto it. Anyone can execute this strategy and it hardly takes up any of your time.
Your LPT also doesn’t have to sit idly in a wallet while you’re holding it. As stated above, you can stake your LPT by delegating it to a node operator. This will earn you rewards in the form of more tokens.
If you want to keep your LPT as safe as possible, you might consider transferring it to a private wallet. This will give you complete control over your assets. The most popular wallets come in the form of either software or hardware.
Software wallets can be great for those with smaller balances as they are free, easy to use, and can be downloaded to your computer or phone. Those with a significant amount of LPT should consider paying for a hardware wallet like Trezor, BitBox, or Ledger as they provide the best security.
LPT is also bought and sold on much shorter timeframes by traders to profit from its price volatility. This takes more time and effort than investing and can require skills such as technical analysis.
As traders exchange their tokens more often, it can be inconvenient to move their LPT off their exchange to a private wallet. Many prefer instead to store their tokens in the free web wallet provided by their exchange.
We can provide you with information about Livepeer’s fundamentals and potential but you will have to make all your own investment decisions. The maximum supply of LPT is limited, which might make it a good long-term store of value.
The staking rewards Livepeer pays to node operators and delegators incentivise people to buy LPT and stake it, while also reducing the supply of tokens on the open market. This could prove to be a positive combination for the price of LPT.
The value of LPT should only increase as the Livepeer network grows and gains wider adoption. Livepeer was the first major project to work on blockchain-based video delivery and has already received a lot of support.
The low cost, versatility, and democratic nature of Livepeer’s technology could help it achieve global adoption as it brings benefits to a range of broadcasters, content creators, and end-users.