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Where to Buy Livepeer  – Beginner’s Guide

Livepeer is built with a vision to transform the video streaming and broadcasting world. Our expert will share details on how to buy LPT Token in minutes via an FCA-regulated platform - eToro.
Livepeer is it worth investing
Livepeer is it worth investing

Livepeer (LPT) is 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 as identification 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 on “open trade” to put in your buy order. Enter the amount of LPT you want to buy and then click on ‘Trade’ to submit.

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Where to Buy Livepeer

Livepeer is listed on many reputed platforms for its increasing popularity. Hence, it might get confusing for new investors to choose from a wide range of exchanges. Choosing the right exchange plays a key role in enhancing your trading experience. The safety of your holdings and private information is also to be taken into consideration.

We have listed down some of the top recommended platforms based on certain important 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 in place high encryption and advanced eToro exchangesecurity measures for keeping its users’ data in the safest form. 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.

Livepeer eToro

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 investors who are copied are also paid with certain rewards 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 to 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 compared to other major exchanges.

It offers a wide range of cryptos and also supports trading for stocks, CFDs, and ETFs.

Pros
  • 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
Cons
  • $5 withdrawal fee is charged
  • Lacks advanced trading features
  • Limited staking options
  • Inactivity fee

Buy LPT on eToro

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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.Coinbase Logo

The platform is licensed as a Money Services Business with FinCEN to engage in money transmission.

The platform is highly preferred by crypto traders 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.

LPT coinbase

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 card 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 own 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.

Pros
  • Easy-to-use platform
  • Wide range of crypto assets
  • Suitable for new investors
Cons
  • High deposit and withdrawal fees
  • High trading fees

Buy LPT on Coinbase

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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 Crypto.com logo250 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.

Is Livepeer worth buying

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.

Pros
  • Over 250 crypto assets
  • Supports a wide range of fiat currencies
  • Various deposit modes
  • User-friendly interface
  • High earning opportunities through interest
  • Offers liquidity
Cons
  • High debit/credit card fees

Buy LPT on Crypto.com

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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 Binance90 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).

Livepeer Binance

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’ for resolving their queries and concerns.

Pros
  • Huge trading volume
  • Suitable for expert traders with advanced features
  • Competitive trading fees
  • Multiple funding options
  • Extensive range of cryptos
  • Good security features
Cons
  • High debit card/credit card fees
  • Unregulated platform

Buy LPT on Binance

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What is Livepeer?

Livepeer is a decentralized video streaming network protocol which was launched in 2017. It is built on the Ethereum Blockchain. It aims to provide a streamlined infrastructure for developers to create videos in a secure, efficient and affordable manner.

Should I buy Livepeer

Livepeer is different from other video streaming platforms in the way that it doesn’t host or distribute videos. In fact, 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 bring decentralization to the broadcasting environment by providing an open-source platform wherein producers of video content can submit their work with ease, 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 huge audience and high streaming bills can use Livepeer for cost reduction

Some of its important 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 being 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.

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What is LPT Used For?

LPT is the native utility token of the Livepeer protocol. It is used for the following purposes:

  1. 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.

  1. 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.

  1. New Tokens

When Livepeer mints new tokens, they are split amongst Delegators and orchestrators in proportion to their total stake.

Livepeer Price

Livepeer is currently trading at a market price of $8.09 with a market cap of $210,858,095. Its current market cap ranking on CoinMarketCap is 123.

On 1st Jan 2022, it opened at a price of $39.85. During the first half of 2022, the price showed a bearish trend and has come down to $6.49 on Jun 18, 2022. It is currently in the correction phase.

Livepeer ‌Price‌ ‌Prediction‌

LPT price is forecasted to fall lower towards the end of 2022 and recovery is expected to begin in 2023. The network is likely to make its transition to Layer 2 to streamline the protocol and make it faster. The price is expected to reach a high of $30.83.

For 2024 to 2025, with multi-blockchain networks and upcoming partnerships of Livepeer with big players in Web3, the price is predicted to reach new heights. The live forecast of LPT prices for 2024 and 2025 is $39.85 and $54.23 respectively.

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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 need to link your Paypal account to the platform you wish to buy LPT from. This way, you do not need to provide your bank details 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 will need to 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 of 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.

etoro signup

Step 2 – Complete KYC

Being a regulated platform, eToro makes KYC mandatory for traders. You cannot proceed without the KYC process.

etoro verification

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.

etoro deposit funds

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 “Open Trade” button; enter the amount of LPT token you’d like to buy.

Livepeer worth investing

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.

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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. Being in its correction phase, this is the right time to buy this token to hold as a long-term investment.

The above-mentioned platforms are our top recommendation for buying LPT. You can choose the one that best suits your requirements. But for new investors, we highly recommend eToro Platform.

Read More:

eToro - Our Recommended Crypto Platform

Our Rating

eToro exchange
  • ASIC, CySEC and FCA regulated - 20 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
  • Staking Rewards for holding ETH, ADA or TRX
  • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
eToro exchange
68% of retail investor accounts lose money when trading CFDs with this provider.

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 for quite some time now to increase its 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 the advancement in technology, hot wallets are now just 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 $15 by the 2022 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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