How to buy Livepeer (LPT) in the UK

Livepeer (LPT) is the 219th largest cryptocurrency by market cap, valued at US$135,139,180.

Livepeer is a highly volatile asset capable of major price swings in a single day. Today LPT is trading for $4.81 USD, which is higher than yesterday's trading price of $4.71 USD. Over the past year, Livepeer's price has seen a decrease of -60%.

So before you buy Livepeer, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Livepeer.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Livepeer in the UK

Find an exchange to buy, sell and trade LPT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Best Livepeer wallets to store your LPT

You can keep your LPT on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LPT below.

Recent Livepeer developments

February 2022: Livepeer's platform underwent a major upgrade. Known as the Confluence update, Livepeer's protocol moved to Arbitrum for lower gas fees and superior transaction speed.
January 2022: Livepeer concluded its Series B funding round, raising $20 million from investors including Alan Howard and Tiger Global.
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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Livepeer a good investment?

Video streaming is extremely popular and accounts for a large percentage of Internet usage. However, investing in LPT and the Livepeer network still involves certain risks. Here are a few things to consider before buying LPT:

• Tokenomics: At the time of writing, the total supply of tokens is 10 million. The Livepeer team holds 12.35% of the supply and early investors purchased a further 19%. The token is inflationary by nature, with the inflation rate adjusting automatically depending on the amount staked in the network.
• Low cost: The computing side of traditional video streaming can be costly. Video distributors need to transcode a video before distributing it to users. The video streaming industry relies upon selling user data to earn extra revenue, which results in users being subjected to advertisements in their video streaming experience. This is something Livepeer hopes to change. Thanks to its decentralised architecture, the platform offers a cost-effective alternative to the costly, centralised infrastructure that has previously been relied upon.
• Network economics: Network security is highly dependent on the profitable economics of nodes on the network. If network economics are not sustainable or are not able to attract enough participation, the network could be left vulnerable to an attack.

Today's Livepeer price versus ATH

Compare today's price of Livepeer ($4.81 USD) against its all-time-high price of $99.03 USD on 09 November 2021. The closer the bar is to 100%, the closer LPT is to reaching its ATH again.

How to trade, convert or sell Livepeer

You can convert or sell your LPT with the same exchange you bought it through:

1. Sign in to the exchange you have LPT on.
2. If you store your Livepeer in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of LPT you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Livepeer.
6. Complete your transaction and move your LPT to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.