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Where & How to Buy Augur (REP) for Beginners in 2025
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Augur coins are not easily available to buy via cryptocurrency exchanges. A lot of altcoins exist only in the peer-2-peer market (P2P), where you use a ‘decentralized crypto exchange’ to get your hands on Augur.
These exchanges function similar to a physical marketplace, where people go to trade things with each other.
You can’t really ‘buy’ Augur with US dollars. Altcoins like this are only traded for other cryptocurrencies, such as USDT, Ethereum, Solana, or Binance Coin, in a process that’s commonly referred to as a ‘swap’ or ‘swapping’.
This means that to purchase Augur you need to first own another crypto, like USDT or Ethereum, to swap for REP.
Don’t worry, it sounds complicated at first, but once you’re set up and you’ve done it a few times it’s a fairly quick process. Use the guide below to learn how to swap USDT for REP.
How to buy Augur in 4 steps
Copy link to sectionTo buy Augur you need a smartphone or a computer and an internet connection. It can take up to an hour the first time and you should have some photo ID to hand.
For the purposes of this guide, we’ll use USDT in all our examples as it mirrors the US dollar and keeps things simple for beginners. Here’s how to do it:
Step 1. Sign up to a crypto platform
Copy link to sectionWe’ve ranked Kraken as the best crypto platform to get started with. We chose this because the exchange lets you buy and withdraw USDT, Ethereum, Solana, Binance Coin, and more, which you may need for this process.
Kraken has lots of other coins available and is one of the best known crypto exchanges around. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.
You then need to fund your account using a bank transfer, credit/debit card or method of your choice. Once funded, you can purchase the altcoin you’ll be using to swap for REP later, for example, USDT.
Kraken
Step 2. Transfer USDT to a crypto wallet
Copy link to sectionOnce you have your USDT you will need to transfer it to a crypto wallet. There are lots of wallets to choose from but the best option is MetaMask. You can use the app on your phone, or right from your web browser using a Google Chrome extension.
When you transfer your USDT you will need your unique wallet address. Wallets are like bank accounts for cryptocurrencies, and unique addresses are like account numbers. The image below shows you where you can find your wallet address in MetaMask.
Once you have your address, head to USDT on your exchange and ‘withdraw’, following the process for withdrawal to your wallet address.
Step 3. Connect your wallet to a DEX
Copy link to sectionTo add another layer of complexity, there are quite a lot of decentralized exchanges available and they don’t all allow you to swap any altcoin.
REP is only going to be available on some of them, however most altcoins are available to swap Uniswap. Head to the Uniswap home page and click the pink button in the top right corner which says ‘launch app’.
Now, in the same corner click on ‘connect wallet’ and you’ll be given a selection of wallets to choose from. Click on MetaMask and hit connect.
You will now be able to access your USDT in Uniswap.
Step 4. Swap USDT for REP
Copy link to sectionWith your wallet now connected, you’re now set up and can transact anytime you wish.
Select USDT from the first drop down list. In the second drop down you need to choose REP. Finally enter the amount of USDT you want to spend and the platform will show you exactly how much REP coins you will be able to get. If you’re happy with the amount, execute your trade.
That’s all there is to the process! Although it seems strange at first, every crypto investor has to follow these steps at some point if they want to own upcoming altcoins.
Now you own Augur tokens! Not a big deal, right?
Read more about how we rate, rank and review platforms.
Best exchanges to get started, reviewed
Copy link to sectionAs explained above, you have a selection of platforms to use as an onramp to the altcoin market. Any of the following apps are perfectly fine places to buy cryptocurrencies such as USDT, Ethereum, Solana, and Binance Coin.
We found 6 crypto platforms for users based in
1. Kraken: Best for simple, global cryptocurrency trading from your phone
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Overview
We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around.
With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available.
Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go.
The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.
Highlights
| No. of tradable assets | 200+ |
| Min. Deposit | £10 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Crypto, NFTs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | No |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
2. OKX. Best for futures and margin trading
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Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
Highlights
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies |
Pros & Cons
How to trade REP
Copy link to sectionYou can trade Augur on a decentralized cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how REP crypto trading works:
- Monitor the price: For simplicity, let’s say the price of REP/USDT is $1. You read the price charts and decide that now is a good time to start purchasing REP.
- Open a trade: You trade one USDT for one REP ($1 USD for 1 REP).
- Continue to monitor the price: The following month, one REP token is now worth $2, a 100% increase.
- Close your trade: You trade your REP token back to USDT for $2.
In this example, you buy and sell Augur, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
What is the best way to pay for Augur (REP)?
Copy link to sectionBecause you can’t buy Augur using fiat currencies like US dollars, the simplest way to buy Augur cryptocurrency is by swapping an altcoin for it. Here are some of the top ways to pay for altcoins:
- Buy altcoins with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy altcoins with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
- Buy altcoins with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option, however you can find here the best crypto exchanges that accept PayPal.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Augur (REP)?
Copy link to sectionYou can keep your Augur stored perfectly safely on MetaMask. If you’ve followed this guide, you won’t need to set up anything additionally as you’ll already have your coins in the MetaMask wallet.
Is now a good time to buy Augur?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Augur, selling Augur, and trading REP are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Augur.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of REP, then a good time to purchase Augur is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Augur and selling it the next day probably isn’t why you’re here either.
How has Augur (REP) performed this year?
Copy link to sectionThe current Augur price today is $0.57, which is -99.54% versus its all time high of $123.24, which it reached on 11 January 2018. REP is -36.23% this year, with a 52 week high of $1.72 and a 52 week low of $0.23.
Regardless, closely following Augur price news & analysis will help you decide when to pull the trigger.