Livepeer is a service on the Ethereum blockchain that aims to reduce the costs of supporting open source video streaming. The native token of this decentralized platform is LPT, which is an ERC20 token and works on the Ethereum blockchain. This currency can be kept in various wallets in both types Hardware wallets And software are available
If you intend to buy or invest in any currency, you should know which wallets are more suitable for your purpose. In this article, we are going to review the best Livepair wallets according to the possibility of staking and whether they are software or hardware.
Before that, to learn more about this cryptocurrency, you can read the article What is the digital currency Livepier.
Types of Livepeer wallets
Livepeer is an Ethereum-based, open-source, decentralized video platform that provides live video streaming services. This project is actually an alternative to centralized streaming companies. Target Livepeer It’s to make video streaming more affordable and reliable.
Livepeer platform can reduce costs up to 50 times compared to other platforms. In addition, Livepeer is more scalable and flexible; In the sense that developers have the freedom to increase or decrease the demand of content producers and manage.
Buying and selling LivePair is possible through various exchanges, including the following exchanges:
- Unswap
- Balancer
- Poloniex
- Wallex
Before buying, you should first consider a wallet to keep your property. Each of the LPT cryptocurrency wallets has its own features, and you should choose the best one according to your needs. In the table below, you can see the types of Livepair wallets, taking into account the ease of use for all users.
| Name of the wallet | Ease of use |
|---|---|
| Ledger and Trezor | medium |
| Walt Guarda | simple |
| Atomic Wallet | simple |
| Lumiwallet | simple |
| MetaMask | simple |
| Trust Wallet | simple |
| Coinbase wallet | simple |
| MyEtherWallet | medium |
The best wallets for staking Livepair cryptocurrency
Staking is the process of depositing funds to supply the liquidity of the blockchain network. By doing so, shareholders receive rewards for their participation in the network. If you are a beginner, staking may seem like a complicated and confusing process. But, in fact, it is a simple way to make profit in the cryptocurrency market.
In fact, in this method, holders of digital currencies earn passive income by “locking” their coins in a wallet for a certain period of time. In other words, in return, they receive rewards from the network that are distributed based on the number of coins they have locked and its duration.
You can think of cryptocurrency sharing as an alternative to mining where instead of spending resources to create new blocks (in the case of proof-of-work blockchains), you simply lock up some coins in exchange for a reward.
If you plan to enter this market considering the future of Livepair, then we have introduced Livepair wallets that have the possibility of staking.
Atomic wallet (desktop version)
LPT can be stored in the Atomic wallet, which comes in Android, iOS, and multiple desktop versions. Atomic wallet supports more than 300 cryptocurrencies including LPT and other ERC20 and BEP2 tokens. The wallet also supports atomic exchanges and internal exchanges that users can use to exchange between all supported assets, including Livepeer.
Livepair wallets, which have both mobile and desktop versions, are very convenient to use, but less secure. Note that the desktop wallet should only be installed on a virus-free and secure device with little internet access. Some consider mobile wallets more secure because the likelihood of malware on mobile operating systems is very low.
LPT can be sent directly to the Atomic Wallet along with other ERC20 coins for safekeeping.
Coinbase wallet (mobile version)
Coinbase wallet is a self-maintained wallet that is available in two versions, Android and iOS. With the help of this wallet, it is possible to fully control digital currency. This means that the private keys (which indicate ownership of the cryptocurrency) are stored directly on your mobile device and not on a centralized exchange like Coinbase.com.
Note that the Coinbase product wallet Coinbase.com There is no need for an account to use the Coinbase wallet Coinbase.com do not have one. If you are looking for a simple investment in LPT, Coinbase as one of the Livepier wallets is the easiest place to store and manage your assets after you buy Livepier.
Trust Wallet (mobile version)
Trust Wallet is one of the Livepair wallets that is officially supported by Binance. This wallet is one of the most popular wallets among traders and investors. If you are new to the cryptocurrency world or looking for a place to store your LPT on a secure device, mobile wallets may be a better fit for you due to the convenience, security and support they offer.
After downloading Trust Wallet in one of the two versions of Android or iOS, follow your activity by following the simple tutorial that it provides you to set up a new wallet. LPT can be sent directly to the Trust wallet along with any other ERC20 coins you want to keep safe. This wallet is constantly adding support for new coins.
MyEtherWallet (web version)
MyEtherWallet’s LivePair wallets are one of the most reliable cryptocurrency storage wallets. This wallet stores all ERC20 tokens like LivePair without the need to download any software.
MyEtherWallet Web based and you can access it wherever you are. But be careful about phishing in fake versions of the website. For this purpose, both the device and the Internet connection must be secure. Best of all, you can use Ledger or Trezor hardware wallets, a key phrase, or a wide variety of login methods to gain access.
Livepeer cryptocurrency can be sent directly to your MyEtherWallet address along with any other ERC20 coins you want to keep safe.
Walt Guarda
Known as one of the Livepair wallets, Guarda wallet is accessible via web, mobile and desktop. This wallet provides a global cryptocurrency asset management platform for both beginners and experienced investors.
The software wallet’s user-friendly interface combined with customer service makes Guarda Wallet an ideal choice for cryptocurrency investors. Experienced cryptocurrency investors can take advantage of a wide range of advanced features of this wallet, such as investing and the ability to take out cryptocurrency loans.
Guarda wallet supports more than 400,000 digital assets such as Bitcoin, Ethereum, Binance Coin, Dogecoin, Cardano, and LivePair.
Metamsk wallet (mobile and web wallet)
MetaMask is a free cryptocurrency wallet software. This wallet allows you to buy, sell, and exchange cryptocurrency assets on the Ethereum blockchain. ConsenSysthe world’s largest Ethereum development company, launched this wallet in 2016 as a tool to simplify access to decentralized applications (DApps).
In MetaMask, it is possible to buy, receive, send and exchange LTP and Ether, and it is also possible to connect to other cryptocurrency wallets. You will also have access to various networks such as the BNB smart chain and other networks.
MetaMask is free to use and can be installed as an add-on in Internet browsers, Google Chrome, Firefox, Brio, and Microsoft Edge, or downloaded as a smartphone app on iOS and Android. With over 30 million users, MetaMask is one of the most popular cryptocurrency wallets in the world.
Best lifepair wallets for long term storage
Hardware wallets securely store a user’s crypto private keys in offline or “cold” storage. This means that they are not connected to the Internet, except when the user needs to connect them to a computer for a short time to complete a transaction. But soft or “hot” wallets are constantly online, giving hackers more opportunities to attack and steal your funds. For this reason, hardware wallets are almost always recommended as a very safe option for holding assets long-term.
One of the best places to store LPT is in an encrypted hardware wallet like Ledger or Trezor wallets. Lifewire hardware wallets use highly advanced encryption techniques to keep your funds safe from sophisticated network attacks or even simple phishing scams that occur by keeping funds in a software or website wallet. Hardware wallets even allow users to retrieve their funds via a phrase; Only if the wallet is stolen or damaged can your assets be compromised.
Both Ledger and Trezor wallets offer entry-level models for around $50-$60. Ledger Nano S and Trezor One are the best all-around performers in terms of features for the price, and both hardware wallets are capable of storing LPT, keeping it offline and secure.
Choosing the best wallet for LivePay currency
It may seem difficult to choose the right option for you. In this section, we present a table of the advantages and disadvantages of all the Livepair wallets that we have introduced in this article, so that it becomes easier for you and you can choose the most suitable wallet according to your needs.
| Name of the wallet | Advantages | Disadvantages |
|---|---|---|
| Trezor wallet | High security hardware, portable, increased anonymity, support for more than 1800 cryptocurrencies, fully readable displays | Material quality is not good, no smartphone app, difficult to convert cash to fiat |
| Walt Ledger | Support for more than 1000 currencies, very high security with chip, cheap private key protection, | Limited storage space, small screen, not mobile, |
| Walt Guarda | Support dozens of digital currencies, staking, multi-signature capability, compatible with hardware wallets, encrypted private keys, free, easy to use, | No provision of cold wallet, no automatic application of multi-signature feature, payment for purchase of assets on the platform |
| Atomic wallet | Support for 500 coins and tokens, encrypted private key storage, simple user interface | Lack of hardware wallet support, the possibility of buying digital currency only with selected coins |
| Lumiwallet | Open source, support for 1000 ERC-20 tokens, the possibility of buying with fiat currencies, no need to register | KYC |
| MetaMask | Open source, accessible through multiple browsers, easy to use interface | Security concerns, support for ERC 20 only |
| Trust Wallet | Support for more than 1 million currencies, convenient setup and use on smart phones, easy purchase and sharing of digital currency | Unable to recover lost accounts through customer support, prone to attacks, limited use with decentralized applications |
| Coinbase wallet | Allocation of funds to offset digital assets, user control with two-factor authentication, multi-signature capability, supported by Coinbase, restricting access to digital financial instruments | Store private keys only in host wallet, no bitcoin support |
| MyEtherWallet | Secure and autonomous, compatible with multiple operating systems, open source platform | Confusing setup process, no online customer support |
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