How to Buy Livepeer (LPT)

If you wish to participate in a decentralized video platform network, you can buy LPT, Livepeer’s native cryptocurrency, and earn a portion of the fees as a reward for ensuring a high-quality and secure network.

If so, you might want to consider using Livepeer, a peer-to-peer decentralized video streaming platform built on the Ethereum blockchain. Developers can also use Livepeer to integrate live or on-demand videos into their applications.
 

There are a number of ways to buy LPT. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. 
 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard your funds. This matters because if you lose the private key to your LPT wallet, it can be challenging if not impossible to recover your funds.

Follow the steps below to start buying LPT on Kraken: 

1. Sign up for a Kraken account.
   Enter an email address, username and a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can deposit crypto to purchase SUSHI and other cryptocurrencies like UNI and OCEAN. To use cash (i.e. USD, EUR or CHF), you’ll need to provide additional materials to our team verifying your identity. Read about our verification processes here.

3. Add funds or a payment method to your account.
   Based on your location and preferences, you can use one of the multiple funding and payment methods we support. 

4. Purchase LPT!
   Once your account is funded with cash, you’re ready to buy LPT. You’ll also get access to our advanced charting tools, 24-hour global client support and futures trading*. All of these features are why millions of global traders love Kraken.

Note: Trading LPT is not available to residents of the USA, Canada, Australia and Japan at this time.

*Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

 

You will need somewhere to safely store your LPT coins once you purchase them. 

While Kraken is secure, it’s always safest to keep your LPT in your own, private wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

When choosing a crypto wallet for your LPT coin, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

Livepeer is also a platform built on top of Ethereum, meaning LPT coins can be stored in any Ethereum wallet.
 

Ready to lend computing resources to Livepeer’s decentralized video streaming platform? Click the button below to buy LPT on Kraken today!