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

  1. Sign up at Binance.US, the #1 rated REP exchange.
  2. Fund your account with cash or crypto.
  3. Buy AugurREP
  1. STEP 1Find the Best REP Exchange
    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      58

      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.

    • fLpdtiaZ
      Ease of use
      Easy
      Time to 1st Buy
      2 hrs
      24h Volume
      $
      Coins
      59

      No platform has been able to attract first-time cryptocurrency investors quite like Coinbase. Each quarter, millions of new users sign up and take advantage of the simplest and smoothest customer purchasing journey in the market. Coinbase also aims to educate beginners, paying them in crypto to learn about different projects.

    • Current Coinbase Pro Review
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $-1
      Coins
      54

      Coinbase’s advanced cryptocurrency trading platform, fitted with lower fees and far more functionality. Formerly the highly popular GDAX, Coinbase Pro was purchased and rebranded with great success, now boasting the world’s third-highest daily trading volume and average liquidity. Highly secure with zero hacks. Accounts can be connected to Coinbase to access wallet holdings.

    • coinswitch reviews
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      66

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it to become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. Debit and credit card purchases are permitted with comparably low fees. Well-suited to beginners and those who want to buy and hold coins long-term.

    Go to Binance.US and 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 Rank310
  • Market Cap237,933,603
  • Circulating Supply11,000,000
  • Total Supply11,000,000 REP
Yesterday's Trading
  • 24 HR Volume20,916,854 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