Livepeer (LPT) is an ERC20 token powering the Livepeer video streaming network protocol. It has become a sought-after token in the crypto industry. The total circulating supply of the Livepeer token is 21,164,655 LPT coins, with a total supply of 22,859,012 LPT coins.
Many exchanges are offering trading pairs with this cryptocurrency. This guide will help you choose the best platform to buy Livepeer online.
How to Buy Livepeer – Quick Guide
- Step 1: Open an eToro Account – Visit the eToro website to sign up and create a free account. You will need your email ID to sign up. You can also sign up directly through Google or Facebook. eToro makes KYC mandatory for its users, a government-issued ID (like a driver’s license or passport) is required to complete the KYC process.
- Step 2: Deposit Funds – Next step is to deposit funds to buy Livepeer. You can make a deposit using any mode of payment like a credit card, debit card, bank transfer, PayPal, Neteller, and more
- Step 3: Search for Livepeer Coin – Type “LPT” into the search bar and click on search.
- Step 4: Buy Livepeer Coin – Click “open trade” to enter your buy order. Enter the amount of LPT you want to buy, then click ‘Trade’ to submit.
Your capital is at risk
Where to Buy Livepeer
Livepeer is listed on many reputed platforms for its increasing popularity. Hence, it might confuse new investors to choose from various exchanges. Choosing the proper exchange plays a crucial role in enhancing your trading experience. The safety of your holdings and private information is also to be considered.
We have listed some of the top recommended platforms based on specific essential determinants to help you make an informed decision.
1. eToro – The Most Secure Platform To Buy Livepeer
eToro is highly regarded for its safety and security. It puts high encryption and advanced security measures in place to keep its users’ data safe. Another reason for being highly secure is its regulations.
It is regulated by three Government Authorities, namely, The Australian Securities and Investments Commission (ASIC), the Financial Industry Regulatory Authority (FINRA) in the United States, and the Financial Conduct Authority (FCA) in the United Kingdom. Its operations are constantly on the watch of Government officials.
It hosts two most unique features for its investors, which are highly beneficial for new users. These features are Copy Trading, and Copy Portfolio features. With these features, investors can directly copy the trades of successful traders and earn good returns. Investors who are new to the crypto market can make use of these features and save time. The copied investors are also rewarded based on the number of investors who copy them.
It is available both as a website and a mobile app. It also provides a safe Crypto Wallet for its users to hold their cryptos safely. There is also insurance coverage of up to 1 million Euro, GBP, or AUD for all its users for loss due to the unlikely event of eToro’s insolvency and misconduct.
It charges a flat fee of 1% for buying and selling crypto, which is relatively cheaper than other major exchanges.
It offers many cryptos and supports trading for stocks, CFDs, and ETFs.
- Cheapest trading fees
- Regulated by three Government Authorities
- Multiple deposit modes
- Intuitive platform
- Copy-trading and copy portfolio features
- Supports a wide range of assets like crypto, CFDs, stocks, ETFs
- Insurance for all users
- A $5 withdrawal fee is charged
- Lacks advanced trading features
- Limited staking options
- Inactivity fee
Your capital is at risk
2. Coinbase – Best Platform To Buy Livepeer For New Investors
Coinbase has a user base of 98 million and is operating in over 100 countries.
The platform is licensed as a Money Services Business with FinCEN to transmit money.
Crypto traders highly prefer the platform for its security measures that ensure the highest safety for its users. It stores over 98% of users’ deposits offline in its secure cold storage facilities. It is being monitored 24/7. It also provides extensive insurance coverage to protect the rest 2% of the assets that are held online.
All Coinbase accounts have a multi-factor authentication process. It also provides support for hardware keys. Other security measures include Coinbase Vault and Address Book.
It supports a wide range of deposit methods like ACH, Wire (USD), SEPA (EUR), and Swift (GBP). Credit and debit card transactions are also allowed but attract higher transaction fees.
The maker fee ranges from 0.00 to 0.40%, while the taker fee ranges from 0.05% to 0.60%. It has a dedicated customer support team working 24*7 for customers’ assistance. It can be reached through email or phone.
Coinbase offers its Visa debit card to all US customers (except Hawaii). This card is accepted for purchases wherein Visa debit cards are eligible. Purchases made through this card are eligible for crypto rewards.
- Easy-to-use platform
- Wide range of crypto assets
- Suitable for new investors
- High deposit and withdrawal fees
- High trading fees
Your capital is at risk
3. Crypto.Com – Best Platform To Buy Livepeer With Fiat Currencies
Crypto.com is the world’s fastest-growing crypto app. It has a user base of 50m and offers over 
250 crypto assets for trading. It supports 20+ fiat currencies.
It provides an interest of up to 14.5% per annum on crypto holdings and up to 10% per annum on stablecoins. Crypto.com visa card is eligible for merchant payments with up to 5% on each transaction.
It is available as a website and a mobile app for iOS and Android phones. It offers liquidity in all market conditions. It has in place multiple security measures to safeguard users’ holdings.
It has a DeFi wallet known as the Crypto.com DeFi Wallet, which is available as an Android and iOS mobile app to store and swap cryptos. It is a non-custodial wallet with a wide range of DeFi services.
- Over 250 crypto assets
- Supports a wide range of fiat currencies
- Various deposit modes
- User-friendly interface
- High-earning opportunities through interest
- Offers liquidity
- High debit/credit card fees
Your capital is at risk
4. Binance – Best Place to Buy Livepeer with Low Fees
Binance offers over 600 cryptocurrencies as tradable assets, which is why it has a user base of 
90 million. It hosts advanced technical features and a wide range of indicators that facilitate users to perform high-end research and analysis.
Its trading fees are less than 0.1% of the trade value for each trade. It offers a discount for investors who make transactions using the platform’s native token Binance Coin (BNB).
The minimum deposit required is just $10. Peer2Peer transfer of crypto is also allowed. KYC is mandatory for trading with Binance.
It has a Secure Asset Fund for Users, wherein it holds 10% of all trading fees in a secure asset fund to protect a share of user funds.
It provides 24*7 chat support to users to resolve their queries and concerns.
- Huge trading volume
- Suitable for expert traders with advanced features
- Competitive trading fees
- Multiple funding options
- Extensive range of cryptos
- Good security features
- High debit card/credit card fees
- Unregulated platform
Your capital is at risk
What is Livepeer?
Livepeer is a decentralized video streaming network protocol that was launched in 2017. It is built on the Ethereum Blockchain. It aims to provide a streamlined infrastructure for developers to create videos securely, efficiently, and affordably.
Livepeer differs from other video streaming platforms because it doesn’t host or distribute videos. It facilitates the efficient sharing of videos from broadcasters to consumers.
Is Livepeer a Good Investment?
The live video streaming and broadcasting industry account for almost 80% of Internet usage. The platform aims to decentralize the broadcasting environment by providing an open-source platform wherein video content producers can easily submit their work and reformat and distribute the content to streaming platforms for consumers.
It can be used by the following:
- Developers: who want to build applications involving live or on-demand videos
- Users: video streamers for gaming, entertainment, coding, education, or any other reason
- Broadcasters: Broadcasters with a vast audience and high streaming bills can use Livepeer for cost reduction
Some of its essential features are explained below:
Scalable and Cost-Effective
It is a scalable Platform-as-a-Service for video producers that aim to make video streaming reliable and cost-effective. It claims to reduce the cost of video transcoding cost up to 50x.
Secure
The platform utilizes a two-layer consensus mechanism. The first is the recording and securing of Livepeer transactions on the Ethereum Blockchain. This makes the platform highly secure.
Verified Transactions
The second consensus layer utilizes a Delegated Proof-of-Stake (DPoS) model in which validators participate in the protocol to ensure proper payment settlement, token distribution, and security.
Your capital is at risk
What is LPT Used For?
LPT is the native utility token of the Livepeer protocol. It is used for the following purposes:
- Livepeer Orchestrators
It is used for paying network fees for transcoding and distribution of videos. LPT holders can work as orchestrators in the network to help run the infrastructure.
- Livepeer Delegators
Those who do not have the expertise to work as orchestrators can work as Livepeer delegators. They can stake their tokens towards orchestrators and earn staking rewards.
- New Tokens
When Livepeer mints new tokens, they are split amongst Delegators and orchestrators in proportion to their total stake.
Livepeer Price
In 2022, the cryptocurrency market faced a challenging year, and Livepeer (LPT) was not immune to the impact of the successive market crashes. Closing the year at $4.42, the token suffered a significant decline of nearly 90% in value over 12 months.
In the year 2023, hopes were kindled for Livepeer as the calendar turned. On February 7, the token surged to its highest point at $11.30, only to see a rapid decline soon after. June 10 marked the darkest hour for Livepeer when it traded at its lowest value of $4.18. However, since then, a gradual and relatively stable recovery has been observed. As of August 11, 2023, the token was evaluated at approximately $6.10.
Recent developments have rekindled interest and investment in Livepeer, resulting in a surge in its price. However, uncertainty looms over the sustainability and future capitalization of this upward trend.
The Livepeer token is currently priced at $6.58, with a 24-hour trading volume of $ 326.83M. The market capitalization stands at $ 188.18M, commanding a market dominance of 0.02%. In the past 24 hours alone, Livepeer’s value has decreased by 2.40%.
Historical data illuminates the journey of Livepeer. On November 9, 2021, the token reached its pinnacle, soaring to an all-time high of $99.97. However, on April 15, 2020, it experienced a plummet to an all-time low of $0.481631. Since then, the lowest price after its previous all-time high has been $3.24, marking a cycle low. Conversely, the highest price achieved since the last cycle low was $7.81, representing a cycle high.
Livepeer’s circulating supply currently stands at 28.74 million LPT tokens, out of a maximum supply of 25.87 million LPT. The reported annual supply inflation rate is 17.02%, resulting in the creation of 4.15 million LPT tokens within the last year. In terms of market capitalization within the Ethereum (ERC20) Tokens sector, Livepeer holds the 55th rank.
Livepeer Price Prediction
In a striking display of resilience, Livepeer’s long-term indicators have ignited bullish sentiments, despite recent market fluctuations. The token’s vigorous upswing underscores sustained interest in utility-based cryptocurrencies, suggesting a broader shift towards Web3 projects. Nonetheless, experts emphasize that Livepeer’s ascent hinges on more than mere interest – it necessitates an influx of Web3 innovations.
As the Web3 landscape continues to expand, Livepeer finds itself in a prime position to capitalize on the growing enthusiasm. The increasing interest from emerging projects is expected to propel Livepeer’s price upward. Current forecasts for Livepeer’s price trajectory overwhelmingly favor a bullish trend.
The Fear & Greed Index currently maintains a well-balanced reading of 54. This suggests that the market outlook is neutral in nature. Interestingly, the network has experienced substantial growth throughout 2023. Specifically, in Q2, Livepeer’s transcoding network encountered a temporary decrease in usage, resulting in a quarter-over-quarter (QoQ) drop of 20%. This decline mirrored similar setbacks observed across various Web3 infrastructure protocols.
Consequently, the revenue generated from demand-side experienced a significant contraction of 20% quarter over quarter (QoQ) when measured in USD terms. This decline is equivalent to a 32% decrease when evaluated in ETH terms. On a more positive note, the revenue derived from staking rewards remained stable QoQ in USD terms, and it even witnessed a noteworthy surge of 26% when measured in LPT terms.
Undeterred by these fluctuations, the Livepeer community took proactive measures by crafting a pre-proposal for an on-chain community treasury. This innovative approach aims to channel funds towards essential public goods, fortifying Livepeer’s ecosystem.
Livepeer made significant improvements to its video-on-demand service during the second quarter of 2023. The streaming platform’s latency issues were effectively reduced through diligent efforts. Notably, they introduced a token-gating mechanism that allows users to enjoy tailored playback policies.
Livepeer, dedicated to cultivating a thriving ecosystem, actively organized the Livepeer Japan Community Event. Additionally, they provided support for other community-driven gatherings like the Aptos community event and Aragon’s DAO Global Hackathon.
In addition, a collaborative partnership between ETHGlobal and HackFS summit resulted in the organization of the groundbreaking Web3 Media Broadcast Summit. The event, hosted by Livepeer, brought together industry leaders to envision the future of on-chain media.
This quarter, the protocol celebrated key integrations, notably with Lenster, a social media application, and the DiverseHQ community platform on Lens Protocol. Both platforms harnessed Livepeer’s robust video transcoding and streaming services to enhance their offerings.
Looking ahead, Livepeer’s roadmap remains firmly fixed on deeper integration with the ever-evolving Web3 realm. Q2 of 2023 saw Livepeer redouble its efforts, refining its video-on-demand service and streamlining latency for its streaming capabilities. Introducing a token-gating mechanism demonstrates the platform’s commitment to delivering bespoke playback experiences.
However, a less optimistic viewpoint to potential market downturns during cryptocurrency market upheavals. As the digital currency arena navigates potential pitfalls, Livepeer’s future performance hinges on its capacity to contribute substantial value to the crypto sphere.
Your capital is at risk
Ways of Buying Livepeer
Here are some of the ways through which you can buy Livepeer:
Buy Livepeer with PayPal
Paypal is one of the safest ways to buy Livepeer. You must link your Paypal account to the platform from which you wish to buy LPT. This way, you do not need to provide your bank or card details on the platform.
eToro supports Paypal to buy Livepeer. If you pay in USD, no deposit charges are charged.
Buy Livepeer with Bank Transfer
You can simply transfer funds from your bank account to your platform to buy LPT. For this, you must provide your bank details for account verification.
Buy Livepeer with a Debit/Credit Card
Most platforms support payments through a debit or credit card as well. However, the transaction charges for using a debit or credit card are relatively higher on most platforms. Other charges levied by your card company will be additional.
How to Buy Livepeer – Step-by-step Guide
We recommend using eToro as it is a highly secure platform. Also, it makes trading a seamless experience for new traders. Just follow these simple steps to buy LPT.
Step 1 – Sign Up with eToro
First, users need to register with eToro. Visit its official site to start the registration process. Enter your email and password, choose a username, and create your account.
Step 2 – Complete KYC
Being a regulated platform, eToro makes KYC mandatory for traders. You cannot proceed without the KYC process.
Click on the “Verify” option on your profile page. Upload your identity documents and submit them to complete the process.
Step 3 – Deposit Funds
Before buying LPT, you need to deposit funds into your eToro account. You can select from any of the deposit modes. Click on the “Deposit” button at the bottom right corner.
Enter the amount you want to deposit. The minimum deposit is $10 for UK and US residents.
Step 4 – Buy LPT
Go to the search bar and type “LPT.” Click on the “Open Trade” button; enter the amount of LPT token you’d like to buy.
The total price payable will appear on the screen. Make sure you have the requisite fund before proceeding. Click on “Trade” to execute the order.
Your capital is at risk
How to Sell Livepeer
Follow these steps to close your positions:
- Click on the “Portfolio” button on your profile
- Select “LPT”
- Click on the red cross tab on the right side
- A pop-up will appear with the coin’s value and your net earnings from that trade
- Select the quantity to want to sell
- Click on “Close Trade” to close the position and sell your holdings
Conclusion
Livepeer is predicted to witness a phenomenal rise in its price in the coming years, owing to the upcoming developments on the platform. In its correction phase, this is the right time to buy this token as a long-term investment.
The platforms mentioned earlier are our top recommendations for buying LPT. You can choose the one that best suits your requirements. But for new investors, we highly recommend the eToro Platform.
Read More:
eToro - Our Recommended Crypto Platform
- 30 Million Users Worldwide
- Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
- Free Demo Account, Social Trading Community
- Free Secure Wallet - Unlosable Private Key
- Copytrade Professional Crypto Traders
FAQs
From where can I buy Livepeer?
You must go for trusted and established exchanges are eToro, Binance, Coinbase, crypto.com for buying Livepeer. However, with a regulated broker like eToro, you can avoid certain risks and trade safely.
What’s the price of Livepeer now?
At the time of writing this, Livepeer was priced at $8.09.
Is Livepeer a good investment now?
Yes. Livepeer has performed fairly in the year gone by. Owing to its utility, many investors feel that its value will only go up in the future.
What is Livepeer and is the platform developing?
It is a decentralized video delivery network. The platform's founders have been working on this project to increase usage. With so much content being created every day, Livepeer can help you make some cash out of it.
Can I store my LPT coins in hot wallets?
Yes. You can store your LPT tokens in hot wallets. If you opt for wallets of popular platforms like eToro and Binance, then your holdings are safe. With technological advancement, hot wallets are as secure as hardware wallets. Also, they're easier to use. You can access them anywhere and at any time.
When will Livepeer reach the $25 mark by the end of this year?
It is expected to maintain an average of $6.52 by the 2023 end.
Is it necessary to complete KYC to buy LPT coins?
Regulated and trusted exchanges like eToro make it mandatory to complete the KYC to trade LPT without any hassle. It helps keep your identity safe and secure while also ensuring that the transactions you make are legitimate.
Is Livepeer on eToro?
Yes. Livepeer was listed on eToro in May 2022.
Is Livepeer on Coinbase?
Yes. You can trade the coin on Coinbase. It listed LPT in June 2021.
Is Livepeer on Binance?
Yes. You can easily use the Binance platform to trade Livepeer. LPT was listed by the platform in May 2021.
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