how to buy livepeer

Livepeer (LPT) is the world’s first decentralized video streaming platform. Under the Livepeer model, broadcasting companies don’t need to worry about slowdowns or censorships. On social media, many users have already started asking questions like “how to buy Livepeer (LPT)” and “where to buy Livepeer.”

If you want to buy LPT but don’t know where to start, you’ve come to the right place. This article will cover the basic steps of buying LPT, as well as other important topics.

Livepeer (LPT) Buying Guide

Step 1: Find An Exchange That Supports LPT

To start buying LPT, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support LPT.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • 10% reduced trading fees & up to $170 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying LPT, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy LPT Officially?

Learning how to buy LPT is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the LPT ticker. You can also look directly for LPT trading pairs to save time. Afterwards, just enter the amount of the LPT tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Livepeer (LPT)

The Livepeer Network is the solution to the current problems of the global video streaming industry. By utilizing the power of blockchain technology, Livepeer managed to create a thriving system of video creation and consumption for regular users and broadcasters alike.

Here are the cool features of the Livepeer Project:

  • A thriving ecosystem powered by nodes capable of video transcoding and streaming
  • Incentivization for nodes and all users
  • Video segmentation for speed and efficiency
  • Different roles and duties (broadcaster, transcoder, relay, and consumer)
  • LPT bonding and delegation
  • Two-layer consensus for fast and seamless governance

The rising demand for video content will serve as the fuel for Livepeer. As Livepeer reaches the peak of mass adoption, the platform can definitely change the way video streaming works.

How Does LPT Work?

LPT, the primary token of Livepeer, can be used for trading, governance, and staking. If you have an LPT token, you can participate in Livepeer’s governance system. You can also stake LPTs to support the network and earn continuous rewards.

What Makes LPT (LPT) Unique?

Livepeer is unique because it aims to change the global broadcasting industry by tapping the potential of blockchain technology. Through the Livepeer network, users and developers can collaborate by broadcasting and sharing video content regularly. Livepeer also guarantees incentives for broadcasters, node operators, and video consumers.

Livepeer’s pay-as-you-go model is also great for users who only need specific content. There’s no information overload in Livepeer. Improved social awareness is also one of the advantages of Livepeer since it is not affected by centralization and censorship.

Who Are the Founders of Livepeer (LPT)?

The founders of Livepeer (LPT) are Doug Petkanics and Eric Tang. These individuals have extensive backgrounds in computer science, computer engineering, and content publishing. Before launching Livepeer, the duo worked on Wildcard – a publishing platform and web browser.

What Are the Use Cases of Livepeer (LPT)?

Liverpeer (LPT)’s use cases are related to flexible video streaming and censor-free broadcasting with incentives. Understanding LPT’s use cases will help you determine if the token is aligned with your risk appetite

Here are the common use cases of LPT:

  • Speculative trading
  • Long-term investment
  • Flexible, pay-as-you-go content consumption
  • Scalable social video services
  • Censor-free journalism
  • Video publishing for DApps

Who Builds on Livepeer (LPT)?

Livepeer (LPT) is designed for broadcasters and live streamers who need a stable platform that is not affected by censorship, security issues, and publishing problems. Users who want to watch free videos by exchanging bandwidth streams can also rely on Livepeer. Lastly, node operators can support the Livepeer network by transcoding and broadcasting videos in exchange of token rewards.

Official website: https://livepeer.org/

Essential Points of the Livepeer (LPT) Whitepaper

The Livepeer Whitepaper discussed the general design of the LPT network. Additionally, the paper outlined Livepeer’s technical features, consensus mechanism, and governance process.    

These are the strong points of the Livepeer (LPT) Whitepaper:

  • The rationale of Livepeer network
  • The operating mechanism of Livepeer protocol
  • LPT tokenomics
  • Livepeer security parameters
  • Livepeer governance system
  • Incentivization for participating nodes

The Best Cryptocurrency Wallet for LPT

After knowing how to buy LPT, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for LPT?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of LPT wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade LPT right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy LPT, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins is the champ of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Livepeer (LPT)

Do you want to learn more about Livepeer (LPT) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Livepeer (LPT)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

Related Posts

Leave a Reply

Your email address will not be published.