How to Purchase Livepeer (LPT) with a Credit or Debit Card

Livepeer is a blockchain-based video streaming network built on Ethereum. It aims to address common challenges of traditional streaming services by potentially offering more efficient and cost-effective video streaming by distributing the workload across a decentralized network.

LPT is the native cryptocurrency of the Livepeer network. This token incentivizes users to contribute computing power for video transcoding, and rewards their participation. It also plays a critical role in network security via staking, which discourages bad actors and ensures high-quality work. 

LTP is readily available on CEX.IO, a leading cryptocurrency exchange that allows enthusiasts numerous gateways to buy and sell crypto securely across a menu of trusted payment methods. In this article, we explore what LTP is and how to buy this cryptocurrency with a credit or debit card instantly on CEX.IO. 

About Livepeer

Unlike traditional streaming services like YouTube, Livepeer does not host, store, or distribute videos. Similar to Theta (THETA), it uses computing power to share video between broadcasters and users. Moreover, Livepeer goes beyond targeting end-users by offering developer tools and APIs, making it a more builder-friendly ecosystem than Theta. 

With decentralization as its hallmark, Livepeer removes the control from centralized entities, potentially offering a censorship-resistant alternative for video streaming.

In addition to censorship, Livepeer aims to combat other challenges in the traditional video streaming industry, potentially offering a more efficient and cost-effective environment for transcoding (converting videos into different formats for various devices and internet speeds) and video processing. 

LTP Role in the Livepeer Network

The LPT token serves several key functions within the Livepeer ecosystem, such as:

• Incentivizing participation.
• Securing the network through staked deposits.
• Empowering token holders to govern its future. 

LPT rewards users who contribute their computers' processing power for video transcoding, which helps  ensure the network runs smoothly. Simultaneously, LPT holders have voting rights on network decisions, giving them a say in how Livepeer develops in the future.

Securing the network is achieved through a staking mechanism, where participants (orchestrators) can earn LPT for providing good service. However, contributors risk losing a portion of their LPT tokens if they deliver poor-quality work, meaning a certain level of knowledge is required. 

For those seeking a more accessible entry point to earn crypto, CEX.IO offers a variety of services and features. Unlike Livepeer, CEX.IO's Staking and Savings programs require minimal technical knowledge, allowing users to potentially earn crypto rewards by allocating a portion of their existing cryptocurrency holdings. 

Disclaimer: CEX.IO currently does not offer staking or savings products for Livepeer (LPT). We are constantly evaluating new features and functionalities, and the availability of LPT staking and savings on CEX.IO may be introduced in the future.

We strongly encourage users interested in staking or saving cryptocurrencies to conduct thorough research before engaging in these services. 

This research should include a comprehensive understanding of the specific token (like LPT), the associated risks and rewards of staking and savings programs, and a comparison of available pathways across different platforms.

How to buy LPT with a credit or debit card at CEX.IO 

Registered and verified customers receive a free crypto wallet courtesy of CEX.IO. This allows them to buy, sell, store, trade, and convert LTP. Users can acquire LPT, as well as other cryptocurrencies listed on our exchange, via our desktop platform and crypto mobile app. 

The most convenient way to obtain LPT is through Instant Buy. This feature allows eligible customers to seamlessly link their credit and debit cards with the CEX.IO wallet and directly purchase LPT with their linked cards. This allows secure integration with credit and debit cards, and helps ensure an intuitive experience while acquiring LPT on CEX.IO.

Here's how to acquire LPT with a credit or debit card on CEX.IO: 

1. Register and verify your account.
2. Locate Instant Buy from the dashboard.
3. Choose a preferred payment currency (USD, EUR, or GBP).
4. Specify the asset you're buying by selecting LPT from the list of available currencies.
5. Enter the amount you wish to spend on LPT.
6. Select credit/debit card as your payment method.
7. Enter card information.
8. Carefully review all transaction details before confirming.
9. Finalize the purchase and confirm the transaction. 

Note: Your confirmation method for buying crypto with Instant Buy may vary depending on your bank. Common methods include SMS (text message) to your registered phone number, email to your registered address, or a notification within your banking app.

FAQs

What alternative payment methods can I use to buy LPT? 

In addition to credit and debit cards, eligible users can purchase LPT with bank transfers (SEPA and SWIFT), e-wallets (Skrill, and Neteller), and mobile payment processors (Google Pay and Apple Pay). However, the availability of certain payment methods may differ between jurisdictions. For this reason, it's imperative to conduct thorough research before purchasing crypto at CEX.IO. 

Can I buy LPT at CEX.IO with a prepaid card? 

CEX.IO offers an additional layer of security and budgeting flexibility when buying LPT. You can buy crypto with a prepaid card to fund your purchases, creating a clear separation between your bank account and online transactions. This approach is ideal for users who prioritize security or want to manage their crypto spending effectively. By preloading the card with a specific amount, you can avoid overspending and stay within your budget.

How can I track the price of LPT? 

Curious participants can explore our cryptocurrency prices page to track the value of LTP. This resource provides real-time updates of LPT's value, along with valuable market insights. Explore the current market cap, 24-hour trading volume, and even LPT's most popular trading pairs. 

What is the CEX.IO Debit card? 

Residents of the European Economic Area (EEA) are eligible to obtain a CEX.IO crypto debit card, a virtual card that seamlessly integrates with the CEX.IO crypto wallet. This innovative solution empowers EEA users to deploy their cryptocurrency holdings for everyday purchases, both online and in-store. The CEX.IO crypto card bridges the gap between the digital asset ecosystem and traditional spending methods, offering EEA residents a convenient and secure way to spend their cryptocurrencies.