How to buy Augur coin

Augur is a platform that allows people to monetise predictions by rewarding anyone who makes a good one. Use this guide to learn how to buy the Augur (REP) coin.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Oct 27, 2021
Tip: our preferred broker is, eToro: visit & create account

This page introduces you to the Augur platform and its Reputation cryptocurrency, REP. Learn about the most important things you need to consider before investing and then follow our step-by-step guide to getting your first coin.

Compare where to buy Augur, and open an account

An online broker is a beginner-friendly platform that you can use to get cryptocurrency. You can sign up to one of the top platforms by clicking the links below, or keep reading to learn more about Augur first.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

How to buy Augur online – a step-by-step guide

Step 1. Find an exchange

The only place to buy Augur coins at the moment is on a cryptocurrency exchange. An exchange is like a marketplace that matches up buyers with sellers and, because this matching helps to set the market rate, you can usually get the best value on an exchange. There are fewer fees and commissions.

Here are two of the best exchanges where you can find Augur right now:

  • Binance: Binance is often the first port of call for anyone interested in cryptocurrency. It’s the largest exchange and offers a wide range of different crypto coins. Sign up with Binance today >
  • Bittrex: Bittrex is a beginner-friendly exchange that has a large variety of different cryptocurrencies available, including many smaller altcoins like Augur. Join Bittrex now >

Step 2. Sign up and fund your account

In order to start buying and selling coins on an exchange, you need an account. It’s simple to set one up but you will have to provide some personal information, including your contact details and, normally, a copy of some photo ID for verification. You can then transfer money into the account via a bank transfer or card payment.

Step 3. Purchase

To find the coin you want to buy, search for it using its unique ticker symbol. In this case, the Augur coin is known as REP. When you search for it, you’ll be presented with a list of options as pairs, such as REP/USD. That gives you the price of one Augur coin in US Dollars, and you just need to select the pair that corresponds with how you want to pay.

Once you’ve done so, enter the amount you want to spend, decide between a market and a limit order, and then execute the trade. Your new coins will be added to your exchange wallet as soon as the transaction goes through.

Step 4. (Optional) Get a suitable wallet

You can leave your coins in your account or move them to a dedicated cryptocurrency wallet. Wallets are like secure banking apps that let you keep your money in one place and manage it from your computer, phone, or web browser. Here are a couple of the best wallets available right now:

  • CoolWallet: A CoolWallet is a small, card-like device that stores your coins offline, but which you can manage via an app on your phone. You have to pay a small fee for the card but otherwise the service is free. Join CoolWallet now >
  • Trezor: Trezor is a more substantial hardware wallet that, again, stores your coins offline, on a USB-like device. It keeps the coins completely offline and secure even if you connect the USB to an infected computer. Get Trezor now >
1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Augur – a step-by-step guide

Step 1. Find a broker

To trade Augur successfully you need to find a broker that charges low trading fees. By ‘trading’, we mean the act of day-trading, which is a high frequency strategy that involves making lots of buy and sell decisions over the course of a day.

Right now, no broker platforms offer Augur. That will change as the coin grows in popularity but brokers tend only to offer the largest coins that experience the most trading volume. eToro is likely to be the first to offer it and there have been suggestions that it might be added to the platform imminently.

Step 2. Create an account and deposit money

Like with an exchange, you have to create an account in order to be able to use a broker. It’s simple to set up an account in a few minutes by clicking a link in the table above, and you can fund your account through a wire transfer, credit/debit card payment, or an alternative payment method, like PayPal.

Step 3. Learn how to perform technical analysis

Traders decide what to buy and sell, and when to do it, based on something known as technical analysis. This involves studying past price history of a particular asset, the Augur coin in this case, to see how it has been performing lately. This gives you an idea of which way the coin is trending and where there are important tipping points in the price.

You can learn more by taking our trading course, and it’s vital to understand how this form of analysis works if you want to succeed as a trader. This information is what everyone else in the market is looking at and you need to make sure you’re seeing the same trends as well.

Step 4. Decide whether to go long or short

A feature of trading as opposed to buying outright is that you can bet on a coin’s price to go in either direction. You should decide whether to go long (buy) or short (sell) based on the results of your technical analysis.

Step 5. Make the trade

Finally, all you need to do is make the trade itself. Search for REP through your broker account and click either the instant buy or sell price. Then fill in a few details of the trade, like how much you want to spend, and execute it.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Should I invest in Augur?

Augur is a coin for the more speculative investor, which is appropriate given that it aims to crowdsource predictions by rewarding people with money for making good calls. It’s essentially like a gambling platform where you can make bets on future events and earn money for making the right pick.

There are some risks involved in Augur, more so than with regular cryptocurrencies. It operates at a cross-section between gambling and crypto, and the platform isn’t available yet to UK and US users. That means there is quite a lot of uncertainty about its long term future and it might find it particularly difficult to clear any regulatory hurdles.

Still undecided?

There’s a lot to take in with Augur, so here is a quick summary of the pros and cons of the coin. Below there is more information to help you make a good investment. 

Pros

  • You can use Reputation (REP coins) to create prediction markets yourself
  • Making good predictions on the platform is a way to earn more REP
  • Augur was one of the first platforms to be built on the Ethereum blockchain

Cons

To help you make a final decision, here are three more questions to think about before you invest in Augur.

1. Is now a good time to buy Augur?

That depends on how bullish you are on the future of a betting exchange like this. You need to decide whether its ability to harness the wisdom of the crowd is enough to mask the issues of it not being available in some of the biggest markets in the world.

For those of you with a more short term focus, then the decision rests on what your analysis of the price tells you. You should stick rigidly to whatever trading strategy you have decided on, and wait until the indicators suggest that now is a good time to buy. If you aren’t confident in your own method yet, use the links below to read through our analysis.

2. What problem does Augur solve, and what are its investment prospects?

It allows users to predict the result of any event they can think of, and do so through a platform that charges much lower fees and has fewer restrictions than a traditional betting company. By rewarding good predictions it can, in theory, create a market of experts that you can follow to get ahead of the game.

Augur has few competitors and could represent a significant leap forward, because it has no single seat of power that can act as a central authority. Creating markets and reporting results are done by the users themselves which might help it sidestep any regulation.

This is more true in theory than in practice, as shown by the fact that its services are already restricted in some countries. That might change over time, however, and a loosening of those limits would be good for the REP price. Follow the latest news in the links below to make sure you’re the first to know of any developments.

3. Do you want to hold Augur for the long term?

If you intend to use the platform then a long term hold is going to be the right move. For everyone else, there are times when you should keep your coins for a while and others where a fast trading strategy is best. Here are some final thoughts for each approach.

Considerations for a long term investment strategy

Long term holders should wait for a time when the market is steady and then use an exchange to get their coins. After that, think about using a wallet to store them securely.

Considerations for a short term trading strategy

For short term traders, the most important thing is to find a broker that charges low trading fees. Then learn how to perform technical analysis in order to find the right buying opportunity.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.