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How to buy Livepeer in Lithuania
Is LPT a good investment in Lithuania?
Livepeer Token (LPT) was released in 2018 with an initial price of $6.68. LPT price rose to $8 in June of the 2019. it was almost stable in 2020 with an average price of $2 to $3. 2021 was a surprising year for LPT owners because its price suddenly mounted to $40 in April. After many ups and downs, LPT reached its highest value of $101 in November 2021. But that only lasted one day, the LPT price started to fall again and finished the year with a value of $50. The price of LPT continued to fall in 2022, and the token ended the year at $6.8.
LPT price had somehow been stable for most of the time. It had recorded the highest price of $101 and the lowest price of $0.57. Therefore, it was a good investment for a while. But, it is not clear if it will be as profitable as it was before. If you want to invest in the Livepeer token, checking the LPT price predictions will be helpful. However, you should also know that the predictions are not always true, and are only some expectations. Anyhow, most crypto analysts and experts believe that LPT will not have a surprising price change by 2025 when it might reach $60. It is also anticipated that LPT would reach $449 by 2030. Therefore, if the predictions become true, Livepeer could be a good investment.
What is Livepeer ?
Livepeer is an Ethereum-based network for video transcoding, released in 2018. The major reason for designing such a network was to reduce the costs that video streaming had before. Livepeer is a scalable Platform As-a-Service (PaaS) for startups or organizations to add live or on-demand videos more easily. It reformats videos so that anyone with any range of bandwidth or any device can see them without any problem. Therefore, Livepeer makes streaming more reliable and cost-effective. It can reduce the cost of video streaming by up to 50x compared to previous methods.
Is Livepeer legal to buy in Lithuania
Yes. According to the AML/CTF Law, the Lithuanian government allows legal financial transactions with cryptocurrency and offers transparent authorizations for the use of virtual currencies. According to the Bank of Lithuania (LB), cryptocurrency also known as virtual currency is non-regulated digital money that can be used as means of payment, and this money is issued and guaranteed by a non-central bank. It is estimated that over 70 thousand people, 2.58% of Lithuania's total population, currently own cryptocurrency.
Is Livepeer taxed in Lithuania
Yes. According to Art. 2 (14) of Lithuania Law on Personal Income Tax (PITL), the Lithuania State Tax Inspectorate (VMI) states that virtual currency is considered as property; therefore, when income from sales of a virtual currency is received, it is taxable the same as other income from sales of assets or other transfer into ownership. In this case, the difference between sales and the acquisition price is taxed, and the Personal Income Tax rate is 15% on such an income. Also, VMI indicates that according to Art. 17 (1) (27) of Personal Income Tax Law, if taxable profit received from a non-regular sale of cryptocurrency during 12 months is less than EUR 2500, Personal Income Tax is not applied on such a profit.
After you've bought Livepeer in Lithuania
LTP is mostly considered a rewarding coin that is used on the Livepeer network. People who want to stream a video on this platform can spend their coins on the network. In addition, LTP owners with more streaming videos will receive Ether or DAI rewards. Therefore, people can make money by using their LPT coins and streaming videos. LPT also has other uses, such as staking, trading, or voting. Therefore, LTP owners can also use their coins to vote to make changes on the network.
Without a doubt, one of the main reasons for buying coins is their probable investment profit. LPT is one of the popular coins that has shown it could be a profitable investment. Therefore, you can buy Livepeer Tokens from a trusted exchange like Blocktrade, keep them in a secure wallet and wait until their price rises. However, you should know that the future of cryptocurrencies is not predictable. Even if the price predictions of a coin show it will be profitable, any incident might change everything. Therefore, if you are a beginner in this world, it is recommended to invest as much as you can afford to lose. You can make an exit point for your investment to avoid any loss.
Who can buy Livepeer in Lithuania
Anyone. Buying cryptocurrency in Lithuania is much faster and more convenient with the help of exchanges. In Lithuania, different purchase means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal, are supported. Our exchange provides safe and fast transactions with no transaction fee through all the mentioned methods.
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Frequently asked questions
Livepeer Tokens are available to buy in most exchanges. You can purchase this token on BlockTrade exchange, which is a safe, and low-cost platform to buy any cryptocurrency.
When buying cryptocurrency, there are two factors that could affect the cost: 1.The price of the cryptocurrency itself, and 2.The exchange commission. Our exchange is practically one of the cheapest means to buy cryptocurrncy in Lithuania since it charges no exchange fees for the transactions.
Yes. But note that according to Lithuania Personal Income Tax Law, if the taxpayers generate income from the sale of cryptocurrencies, the difference between sales and the acquisition price is taxed and they are obliged to file a personal income tax return. If you are selling your crypto asset in Lithuania, keep in mind that our exchange charges no fees for transactions.
If you create an account on any exchange, such as BlockTrade, you can easily buy and sell your Livepeer tokens.
According to the Finance Minister Gintarė Skaistė, the Lithuanian Ministry of Finance and the Bank of Lithuania are taking proactive steps to strengthen regulation at national level in preparation for subsequent decisions at EU level.
No one can guarantee that an investment will be profitable. A good investment depends on different factors. The predictions show that the LPT price might rise in the next 5 years. In this case, depending on the LPT price of the day, it might be a good investment in the future.