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Bitvavo makes Livepeer as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Livepeer aims to deliver a live video streaming network protocol that is decentralized, scalable, and results in a solution which can serve as the live media layer in the decentralized development (web3) stack. The Livepeer Protocol is a delegated stake based protocol for incentivizing participants in a live video broadcast network in a game-theoretically secure way. The LPT token is used as an incentive mechanism to keep the network cost effective and secure.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
Create a free account with which you can buy, sell, send, receive and store Livepeer. Access your Bitvavo account from every location, on mobile and desktop.
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Livepeer and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Livepeer without any technical knowledge. Here is a brief overview of the existing wallet options to store your Livepeer:
Hosted wallets are wallets where the private keys to your Livepeer are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Livepeer online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Livepeer. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Livepeer, and if malicious parties have access to your device, your private keys (and therefore your Livepeer) can be stolen.
A hardware wallet is a physical device on which you can store your Livepeer offline. It is one of the safest ways to store your Livepeer, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Livepeer is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Livepeer. Once you have purchased Livepeer on Bitvavo, you can choose to send your Livepeer from your Bitvavo wallet to your own software or hardware wallet.
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