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How & Where to Buy Augur A Step-by-Step Guide to Buying REP

Congratulations! You can buy Augur directly with cash at Binance.US.

  1. Sign up at our one of our top-ranked Augur exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy AugurREP

Read on for detailed instructions below on where and how to buy Augur and you will be a AugurREP owner in no time at all.

  1. STEP 1Register at a REP Exchange

    Best Augur (REP) Exchanges

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      54

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Augur AugurREP quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy REP with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for REP.

Frequently Asked Questions About Buying & Selling Augur (REP)

How do I Buy REP with Crypto?

If you want to buy REP with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Augur (REP)?

To sell REP, simply reverse the buying process described above. You will likely need to trade your AugurREP into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Augur Research Center

Augur Technical Details & Statistics

Tokenomics
  • Market Rank131
  • Market Cap253,029,914
  • Circulating Supply11,000,000
  • Total Supply11,000,000 REP
Yesterday's Trading
  • 24 HR Volume501,128,840 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Augur?

Augur (REP) is a predictive platform token that runs on the Ethereum network. Announced in 2015, shortly after the public release of Ethereum, Augur’s mission is to create a “world changing forecasting tool” in which users collectively vote on the prediction of the outcome of a stated event. Users whose votes turn out to be correct are rewarded in the denomination of REP tokens. By employing a “wisdom of the crowd” type approach, Augur intends to not only forecast events but provide solutions to problems as well. Still undergoing thorough tweaking and testing as of February 2018, the platform has been in development for over 2 years.

History of Augur

Founded by lead developer Jack Peterson in 2014, the idea for Augur began out of the desire to apply blockchain technology to the newly-formed field of predictive markets. College Cryptocurrency Network director Jeremy Gardner and core developer Joey Krug soon joined the project, and in the spring of 2015 funds for Augur were raised for Augur in an Ethereum-backed ICO period. Augur is famously one of the first crowdsourced token projects hosted on the Ethereum platform, conducting their ICO before the term was synonymous with blockchain product development.

In January 2018, the development team released an updated version of the Augur whitepaper along with plans to successfully launch their platform before the year’s end.

How Augur Works

Augur is described as a “trustless, decentralized oracle and platform for prediction markets.” It is essentially a series of smart contracts that run on the Ethereum network, independent of human intervention. The Augur oracle allows real-world information to interface with the Ethereum blockchain without having to rely on a trusted intermediary. With Augur, anybody can ask their own question they would like to see be answered by creating a “market” surrounding the outcome of an event. A question is posed, outcomes are defined, and the source for outcome determination is posted publicly. Markets work by using a sophisticated incentives structure that rewards voters for their accurate predictions and rewards outcome reporters for correct outcome confirmations. The Market process consists of the following events:

  • creation: the outcome of an event is questioned, variables are defined, Market is posted to the network
  • trading: all users can buy or sell “shares” representative of the outcome of an event
  • reporting: designated event reporters
  • settlement: the payout process in which users with correct predictions and reporters with correct outcomes are rewarded in REP

The Market system is highly robust and features adjustment mechanisms used to discourage and mitigate attacks on the system. Current REP tokens available for trade only represent a stake in future products to be released by the Augur team and do not possess the qualities listed above, as the initial version of the Augur platform has not yet been released (as of February 2018).

Why Augur?

As a platform for prediction markets, Augur can be used for the following:

  • Placing bets on the outcome of events by casting votes using REP
  • Collecting rewards for providing the correct outcomes of events
  • Discovering solutions to problems via crowdsourcing