Eric DunneLivepeer (LPT) is the governance token of the Livepeer Protocol, a decentralized video streaming network on the Ethereum blockchain designed to use the computing power and bandwidth of its connected nodes to power video streaming applications. Its unique use case – potentially reducing video streaming costs by 50% – and the Bitcoin bull run helped the LPT price rally 1000% from March to October 2021.
Like most altcoins, LPT corrected in 2022. This guide explains where to buy Livepeer coin at the current low LPT price, whether it’s a good investment, and a background of the Livepeer project.
How to buy Livepeer Coin (LPT) – Quick Guide
Below is a quick guide to invest in Livepeer through a leading FCA regulated exchange:
- ✅ Step 1: Open an Account on eToro: Visit eToro.com and create a free account. Enter your name, email address, and other information. eToro will give you a prompt to upload your KYC documents (forms of identification).
- 💳 Step 2: Deposit: After you’ve uploaded ID, deposit the amount you want to buy Livepeer coins with. If you’re a US or UK user, the minimum deposit is just $10.
- 🔎 Step 3: Search for Livepeer: Type ‘Livepeer’ or ‘LPT’ into the search bar and click on the ‘Trade’ on the right side of the first result you see.
- 🛒 Step 4: Buy Livepeer: You’ll reach the LPT order page. Enter the amount of LPT you want to buy and click on the ‘Open Trade’ button to confirm your order.
Where to buy Livepeer (LPT)
Live streaming is a rising industry but can be costly for startups. Seeing the potential of the Livepeer protocol aims to lower that cost has led to many cryptocurrency exchanges listing LPT to buy and trade:
1. eToro – Overall Best Platform to Buy Livepeer
eToro added support for Livepeer on 25th May 2022.
eToro is a crypto trading platform with social trading features. Investors can interact with each other and copy their investment strategies. The platform has listed 70+ cryptocurrencies and has 27 million users active in more than 140 countries.
There are many stand-out features on eToro, including Smart Portfolio and Copy Trading. Copy Trading uses the social trading features of eToro to allow users to copy the investment portfolio of seasoned crypto investors, or their buy and sell decisions. With a Smart Portfolio, you can invest in multiple crypto assets picked out and categorized by eToro.
eToro is a user-friendly platform with a simple-to-use UI and learning features for beginner investors. If you’re new to crypto trading, you can use eToro’s $100,000 virtual trading account to paper trade before using real money. First-time investors can also visit the eToro academy. It contains video and textual guides for topics such as investing, trading, and cryptocurrencies. The eToro Plus feature provides a daily, weekly, and quarterly summary of the latest market trends.
Investors can use fiat methods to fund their account, including debit cards, credit cards, and domestic transfers. eToro doesn’t impose any deposit fee for USD deposits. There is no fee for opening an account either, and eToro charges a 1% free plus spread for trading crypto assets.
Investors looking to earn passive income by holding their tokens in their eToro accounts can use eToro staking. Currently, eToro supports staking for three cryptocurrencies: ADA, TRX, and ETH.
eToro is a secure trading platform operating under the CySec, FCA, and ASIC regulations. It has implemented two-factor authentication, gates customer info behind SSL encryption, and secures clients’ funds in tier-1 banks. It also offers free investment insurance for the clients that provide three layers of protection, including an assigned liquidator, regulatory protection, and private insurance.
Cryptoassets are a highly volatile unregulated investment product.
2. Crypto.com: A User-friendly Platform to Buy Livepeer
Crypto.com listed Livepeer on 17th June 2021. 
Users can access LPT/USDT and LPT/USDC spot trading or trade LPT perpetual futures with up to 100x leverage.
Founded in 2016, Crypto.com is active in over 90 countries, serves over 50 million users, and has listed over 250 cryptocurrencies.
Crypto.com is suitable for beginners and advanced traders. The use of margin is favored by day traders to maximize ROI on small price movements – which eToro and Coinbase don’t currently offer for crypto.
The Crypto.com Visa card is the exchange’s flagship product. It allows users to pay with crypto at retail stores. In return, users earn cash back in the form of CRO – the native token of the Crypto.com ecosystem. The rewards once were 8% but have since been reduced to 5%.
Investors looking to earn passive income by holding their crypto-asset can use Crypto.com Earn. It is a crypto-staking feature that allows users to hold their cryptocurrencies and earn up to 14.5% APY (annual percentage yield).
For more info on this derivatives platform see our Crypto.com review.
Cryptoassets are a highly volatile unregulated investment product.
3. Coinbase: Invest in LPT at just $2
Coinbase is the top cryptocurrency exchange in the United States. 
It serves more than 89 million users and has listed over 150 crypto assets. Coinbase listed Livepeer (LPT) on 23rd June 2021, which led to the LPT price rallying by almost 3X, going from $13 to $31.
Coinbase charges a 3.99% fee to investors buying crypto using debit or credit cards. That cost is lowered to 1.49% for users using ACH transfers. The minimum deposit to buy cryptocurrency is one of the lowest in the crypto industry at $2.
New assets are regularly added to Coinbase via its new asset listing process. In this process, Coinbase evaluates the applicant’s assets against its digital asset framework, which is regularly updated. Coinbase has listed most of the established big cap cryptos including Bitcoin, Ethereum Solana, and Cardano – as well as newer cryptos with a lower market cap such as Gods Unchained (GODS) and Livepeer.
The Coinbase Earn program allows users to earn cryptocurrencies. It contains tutorial videos that users can learn from and then participate in quizzes and use what they have learned to get rewarded with cryptocurrencies – a useful way to build a portfolio with free crypto.
Advanced users can use Coinbase Pro to access more analytical tools before investing. It also reduces the transaction fee. Coinbase follows a maker/taker fee model starting at 0.4%/0.6%. Coinbase Prime is a feature for institutional investors looking for more advanced and secure trading features.
Also see our full review of Coinbase.
Cryptoassets are a highly volatile unregulated investment product.
4. Binance: Buy Livepeer at 0.10% fees
Binance listed LPT on 27th May 2021 and opened trading for LPT/BTC, LPT/BNB, LPT/BUSD, and LPT/USDT pairs.
It is the world’s leading cryptocurrency exchange with over 100 million users. It has listed 600+ cryptocurrencies and has a 24-hour trading volume of $76 billion.
US investors must use Binance.US, Binance’s strategic partner, to invest in cryptocurrencies. The US platform has listed 100 crypto assets, and LPT is among them. This platform is not available in the states of New York, Hawaii, Idaho, and Texas.
Users can invest in LPT on Binance using fiat methods such as debit/credit cards, bank transfers, or crypto deposits. Most of the 100 million investors on the platform prefer crypto swapping because of the low 0.10% trading fee.
Besides LPT, Binance has also listed Theta, another token powering a decentralized live-streaming network. The most popular crypto assets listed on Binance include Bitcoin, Tether, MATIC, Ethereum, Solana, Uniswap, Polkadot, and more.
Like Coinbase and eToro, Binance also offers facilities to users to stake cryptocurrencies through Binance Earn. It allows investors to stake their crypto for a fixed or flexible term or earn from their assets by opening a savings account.
Binance also has an NFT marketplace called Binance NFT. Users can buy NFTs on this platform using fiat or the Binance Stablecoin (BUSD). See our guide to buying NFTs on Binance.
Cryptoassets are a highly volatile unregulated investment product.
What is Livepeer?
Livepeer is a decentralized video streaming network that uses the computing power of the connected nodes to make transcoding cheaper, more effective, and scalable.
The network was founded by Doug Petkanics and Eric Tang. Both are software engineers with almost a decade of experience working with startups. They then entered the crypto scene in 2016 and realized that Ethereum was missing a decentralized video platform, which motivated both founders to found Livepeer.
On the official website, the founder’s statement says that Livepeer is the world’s first open Infrastructure. It was designed to tackle the costly part of the video streaming process: transcoding.
Transcoding means formatting video content to make it streamable on multiple devices.
Contrary to what many might believe, Livepeer is not an application. It is a protocol whose underlying features can be used by other video streaming applications to leverage the protocol’s technology.
The idea was to create a decentralized streaming network that allows video streaming startups to broadcast videos at a much cheaper rate. Livepeer is a fully open-source protocol developed by Livepeer Inc, a for-profit software company based in New York.
Livepeer Inc has its own paid platform that uses Livepeer protocol to provide video storage and content distribution facilities. It is Livepeer’s revenue-generating model.
The protocol received 11 million dollars from crypto venture capitalists. Livepeer launched its mainnet in 2018 and has partnered with Filecoin to store Livepeer-generated video content. Crypto educators have said that the use cases for Livepeer are rather limited to startups and journalists.
How does Livepeer work
Livepeer consists of two actors: the orchestrator and the delegator.
Orchestrators contribute computing power to the protocol to provide transcoding services. The people or organizations pushing their streams to orchestrators for transcoding pay fees in the form of ETH and DAI. To tackle the high gas-fees concerns, Livepeer uses probabilistic micropayments. It keeps the services affordable for the broadcasters. To become an orchestrator, one has to stake LPT tokens.
Delegators provide security by staking LPT on orchestrators with a good track record. They do so by using the Livepeer explorer. Staking LPT has a seven-day lock-up period– with no minimum requirement. In exchange for delegating tokens, delegators earn a cut of their inflationary rewards and transcoding fees.
The percentage of the transcoding fee and the rewards to issue to delegators is up to the orchestrator to decide.
What is LPT?
LPT is an ERC 20 token used for staking by orchestrators and delegators. It is also the governance token of the Livepeer protocol. Holders of LPT use Livepeer Explorer to vote to decide the direction of the project’s development. One orchestrator node belongs to the community. Rewards generated by this node are used to develop projects voted for by the community.
LPT had an initial supply of 10 million tokens. 12% are with the Livepeer team, 5% are kept in a financial reserve, and 19% are with private investors (which raised 4 million dollars).
The remaining 63% of the LPT tokens were airdropped to ETH wallets holding 0.1ETH minimum before the launch of the mainnet. After the airdrop, 3.6 million wallets had 2.4 LPT each.
The method of claiming the token was unconventional. That is, for the first three months before the mainnet launch, users could only claim the LPT that were airdropped to them. After the mainnet launch, unclaimed LPT tokens were drained.
Livepeer founders did this for two reasons. One is to ensure that the dropped LPT tokens only reach active ETH wallets. And the second reason was to maintain the annual inflation rate. The inflation rate decreases a fraction per day depending upon the ratio of staked tokens in the total supply. The current staked/total supply ratio is 48.8%, and the inflation rate is 0.0263%.
Is LPT a good investment?
The video streaming market is projected to reach USD 972.31 billion by 2030. Many crypto investors – institutional and individuals – are bullish about the future of the decentralized live streaming network. That said, investors must keep the following factors in mind before investing in LPT:
Growth potential
The live streaming market is growing rapidly. However, that growth is currently driven by only the existing players in the OTC markets, such as Amazon, Disney, Hulu, etc. With the introduction of a decentralized video streaming protocol, video streaming startups can also participate in the market and be part of that growth.
Dual mining for Miners
Livepeer is also working on getting Proof-of-Work miners aboard as orchestrators. It will allow Livepeer to use the GPU cards used for mining BTC to deliver better transcoding services. That’s because the process of BTC mining doesn’t require the video-card component of the GPU. After becoming orchestrators, miners can mine Bitcoin and leverage the Livepeer network to earn ETH and DAI as broadcasting fees. That is, they can take the benefit of Livepeer’s dual mining.
Plans for Complete Decentralization
LPT is planning on becoming completely decentralized. It can further bolster the blockchain economy in the future.
Competition with Theta
Livepeer already has one competitor one step ahead with its content delivery network, Theta (THETA). The Theta platform has also recently added video transcoding services. Unlike Livepeer, which seeks to remain truly decentralized, Theta has partnered with Amazon and Google. That partnership might give it faster access to development tools and technology.
Fewer use cases for LPT
LPT tokens are used to pay for services on the Livepeer protocol. Only demand drivers for LPT are orchestrators and delegators who want to stake LPT to access inflationary rewards.
The governance process is expensive
The Livepeer governance process is expensive. Users need to put down 100 LPT just to put a Livepeer improvement proposal. These tokens are then burned. 33% of the LPT supply is necessary to participate in voting, and 50% of the participants must vote yes for the proposal to be accepted.
Livepeer Price
The Livepeer (LPT) price action was different from most altcoins. LPT accumulated for a long time before seeing any substantial uptick. It only rose by 5x from the beginning of 2021 to mid that year. There were three reasons for it:
- The token holders realized only later to sell LPT.
- The exchange support at the beginning of 2021 was minimum.
- No Binance day one listing pump
The primary boost during this time was because of the launch of Grayscale Livepeer Trust, which opened LPT to institutional investors.
The biggest pump that LPT experienced was in November 2021, when LPT price reached its all-time high (ATH) of $75. That was the result of the bull-cycle during late 2021 when many altcoins exploded after BTC reached its ATH of $69k. On Binance the LPT price even hit $101.80 against Tether.
LPT opened 2022 at $41. It crashed under $10 on 18th June 2022, when Bitcoin also hit its 2022 low of $17.600. The current 2022 LPT low was $6.45 on Binance.
At the time of writing, the Livepeer price is trading between $8 to $10. The Livepeer market cap is just over $200 million (ranked #127 on CoinMarketCap) with circulating supply of 24 million Livepeer coins.
Livepeer Price Prediction
The current LPT price has corrected 88% from its all-time high. The crypto market suffered two crashes this year within a short interval.
While the current bear market makes it difficult to make long-term LPT price predictions, a short-term prediction can be made.
LPT Fibonacci Retracement levels (Daily Candlestick Chart) -Tradingview
The LPT coin bounced right after it hit bottom. The price is seeing an upward trend.
If the LPT price starts closing daily candles above the 0.236 Fib level, it could find a bottom at $10 and move up to test $11, which may act as a resistance level.
As for a long-term price forecast for Livepeer, there are two bullish updates on the roadmap. The first is the Livepeer Grant Program. The founders have granted a total of $410k funding to developers of video apps, live streaming, and creator apps looking to leverage the Web3 ecosystem.
The second is the Livepeer Explorer update. It features a new interface, new filters for orchestrators, and a view of the real-time running list of the network transactions.
The Livepeer Explorer update is live!
Highlights of the changes
— Livepeer (@Livepeer) June 29, 2022
Other developments in the pipeline for Livepeer could improve the price action. They include the development of a stream content recognition software for orchestrators, a Peer-to-Peer content delivery network, and a layer 2 blockchain. The Livepeer team also plans to partner with other smart contract blockchains.
GMT Daily Candlestick – Tradingview
If Livepeer can realize its vision to become completely decentralized and gains more acceptance from the mainstream, the price can increase even further. As for retesting its ATH, LPT would need to move up 700% which may take some time.
Best ways to Buy Livepeer
Crypto trading platforms offer multiple ways to buy LPT. Here are the best ways to invest in Livepeer:
Buy LPT using a Debit/Credit card
eToro only charges a 1% fee when you buy LPT using a debit or credit card. Coinbase charges 3.99%, and Crypto.com charges 2.99%.
Buy LPT using PayPal
See our guide to buying crypto on Paypal. While buying LPT isn’t supported yet, that crypto – BTC, ETH, LTC – could be transferred to any crypto exchange that has listed Livepeer. Alternatively eToro accepts Paypal deposits.
Buy LPT Without ID
Changelly allows users to swap crypto assets for LPT without needing an ID. There’s also Bybit exchange, a popular option as it requires no KYC documents to withdraw up to a daily limit of 2 BTC.
Best LPT Wallet
LPT can be stored in a crypto wallet. eToro Money, eToro’s own wallet, supports LPT and is the best way to store LPT tokens.
Also check out our reviews of the top crypto wallets. As well as acting as a Livepeer wallet eToro’s wallet also supports 120+ other crypto tokens.
Cryptoassets are a highly volatile unregulated investment product.
How to Buy Livepeer Coin – Complete Guide
Here is a detailed guide on how to buy LPT:
1. Step 1: Open an account on eToro
Visit eToro.com and sign up. Enter your name, email address, and other information when prompted. Click on the “Create Account” button.
2. Step 2: Complete the KYC
eToro will give you a prompt to upload your KYC documents. Upload a government-issued ID and proof of address.
3. Step 3: Deposit an amount
After you’ve uploaded the KYC documents, eToro will open the Deposit Funds option for you. Click on that button and enter the funds to top up your eToro account. If you’re a beginner, use the demo account first.
4. Step 4: Search and Buy LPT
Type “LPT” into the search bar and click on the “Trade button” on the right side of the first result you see, which is LPT. You’ll reach the LPT order page.
Enter the amount of LPT you want to buy and click on the “Open Trade” button to finalize. eToro will transfer the equivalent number of LPT tokens to your account.
Cryptoassets are a highly volatile unregulated investment product.
Conclusion
Livepeer is a decentralized protocol with the potential to change the Livestream sector. Leveraging the power of blockchain and cutting down the cost of live streaming can also introduce other video streaming services in the future.
If you want to invest in LPT, eToro is a regulated crypto platform that has listed LPT, as well as the other crypto exchanges we reviewed in this guide. The LPT price action is volatile as with any cryptocurrency asset, and it helps to use a social trading platform like eToro to buy Livepeer as users have the option to copytrade professional investors with a positive ROI.
eToro - Regulated Crypto Platform
- Copy Trading Tools - 30.4% ROI Last Year
- Free Demo Account, Crypto Wallet
- Open to US & Worldwide - Accepts Paypal
- Staking Rewards, Educational Courses
FAQs on Buying Livepeer
Is Livepeer on Coinbase?
Is Livepeer on eToro?
Is Livepeer on Binance?
Is Livepeer on Crypto.com?
Is Livepeer a good investment?
Read more:
- Livepeer Token Price Prediction – Will LPT Token Go Up?
- Next Cryptocurrency to Explode in 2022
- Best Low Cap Crypto Gems to Buy in 2022
This article was written for Business 2 Community by Eric Dunne.
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