Demanding investors who look for exciting, undervalued tokens to invest in, sooner or later start to ask themselves where to buy Augur (REP) in a quick and efficient way. Although Augur is already a quite popular token, currently ranked #66 on CoinMarketCap’s Top 100 list, it keeps rising in price and many crypto enthusiasts think it’s far from reaching its full potential yet.
In this guide you will read everything there is to know about investing in Augur. You will not only learn what it is and why it’s worth adding to your portfolio, but also find out how to buy Augur and where to buy in a way that guarantees a quick, problem-free purchase.
What is Augur?
Augur (REP) is a unique project that aims to disrupt the current online betting ecosystem through the use of a blockchain-based prediction market. Augur’s main goal is building a fully transparent exchange that puts no limits on what its users can bet on, sets no max limits on the amount people can bet on, and has no rollover requirements. The Augur platform is a peer-to-peer, decentralized, Ethereum-based exchange that attracts its users through low fees that let them keep a much bigger share of their winnings than other competing prediction market solutions.
Augur network is meant to harness the wisdom of the crowd through building a prediction market platform on a protocol owned and operated by holders of the Ethereum-based Reputation token (REP), commonly also referred to simply as the Augur token. The users of Augur network prediction markets are said to be able to bet on the outcomes of events such as company performance, election results or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events. By design, the user-created markets could return fees to market participants while automating payouts using software meant to be fair, open to all, and completely decentralized.
One of the more interesting possible applications of Augur is countering the spread of fake news. With fake news being a hot topic in the modern era, a platform providing a solution to it should have the attention of any investor. The solution offered by Augur is a blockchain-based prediction market that can be used to counterbalance the spread of incorrect information on social media by providing people with a financial incentive to distinguish the truth from misinformation, all while using blockchain technology to give the users a high level of protection guaranteed by pseudonymity and decentralization.
Though Augur has been around for some time, many people still consider it to be a greatly undervalued token, since it aims to very effectively monetize a profitable market niche that is prediction markets. Furthermore, the recent wave of interest in Decentralized Finance solutions helped to reinvigorate the interest in Augur, which is one of the most respectable DeFi projects in the crypto ecosystem.
1. Finding the best exchange for you
Augur has been around for quite some time, and since it’s an ERC-20 token, it is available to trade REP on a decent number of exchanges. Unfortunately, it’s not such good news for people looking where to buy Augur in a problem-free way: browsing through a long list of exchanges that offer Augur support is really troublesome, since most of the exchanges do not provide a proper level of security, privacy and efficiency required by serious investors.
For the purposes of this article, we analyzed all the exchanges that allow people to buy Augur, trying to find out which one is the best for investors who want to buy REP tokens easily and effortlessly, but don’t want to do that for the cost of sacrificing their privacy and security. After looking at all the available exchanges, we found one that fits the needs of demanding investors perfectly: Coinuma.com.
Coinuma is an exchange designed specifically to provide early support for new, innovative tokens, and to allow people to buy them in an optimally easy way, with a minimum amount of steps. Upon close consideration Coinuma proves to be the exchange to buy REP on, and from the next steps you will learn how to register an account on Coinuma, and how to buy Augur on it.
2. Registering a Coinuma account
Registering an account on Coinuma is really easy, and the best part is that it doesn’t require you to disclose any vulnerable, personal information such as your bank account number, address or social security number. Since Coinuma firmly believes in privacy as one of the most important values of the crypto community, you won’t need to provide any other information except for your email address.
To make an account, click “Sign up”, type in your email address, and set up a password. All that remains is confirming the email address by clicking a verification link that has been sent to you. And that’s all — your account is now fully active, and you can start trading cryptocurrencies on Coinuma. No need to worry about a lengthy verification process that requires you to disclose sensitive data — Coinuma is an exchange that respects your privacy.
3. Adding funds to your Coinuma account
To buy Augur on Coinuma, first you will have to fund your account. Coinuma allows you to purchase Augur with either Bitcoin (BTC) or Tether (USDT), so you will have to either send one of these coins to your Coinuma account, or use another cryptocurrency from the long list of coins and tokens supported by Coinuma, and exchange that crypto for Bitcoin or Tether.
Take note that Coinuma is an exchange dedicated strictly to cryptocurrency trading, and doesn’t support fiat currency. This means that you can’t fund your Coinuma account with means such as PayPal or a debit card. If you are not already a cryptocurrency owner, you will first need to purchase a crypto like Bitcoin by means of a Bitcoin ATM, a fiat-accepting crypto exchange such as Coinbase, or by using another method of your choice.
The actual process of depositing crypto to your Coinuma account is very easy. All you have to do is go to your balance page on Coinuma, check the address for the crypto you are planning to deposit, and send coins to that address from your wallet or from another exchange. If you have deposited BTC or USDT, you can move on to the next step. If you deposited another token, first exchange it for Bitcoin or Tether.
To exchange a coin or token for Bitcoin on Coinuma, go to the Bitcoin trading page and type in the amount of Bitcoin you want to buy, or the amount of your crypto that you want to sell. After confirming the transaction, you will be ready to buy Augur.
4. Buying Augur with Bitcoin
Buying Augur on Coinuma is really simple. In this guide, we will be showing how to purchase REP tokens on the example of Bitcoin, although you should keep in mind that buying Augur with Tether is exactly as easy and looks exactly the same.
To purchase Augur, first go to the Bitcoin/Augur trading page. You can do that either by typing in “Augur” or “REP” in the search bar of the Coinuma exchange, or you can simply go directly to the trading pair page by clicking the link: https://coinuma.com/exchange#REPBTC
The actual process of buying Augur is really simple. All you have to do is type in the amount of REP tokens you want to purchase, or the amount of BTC you want to exchange for Augur. After that, all it takes is confirming the transaction. And that’s all! You have purchased REP on Coinuma, and you no longer have to worry how to invest in Augur.
You are now a proud Augur owner. You can either keep trading it on Coinuma, or send it to a wallet of your choice if you plan on long-time holding. Either way, you have successfully invested in one of the most promising DeFi projects in the blockchain ecosystem, and you have done it in a quick, problem-free way that saved you a lot of time and effort.
In the crypto community, the best investors are those who know where to buy promising tokens while there are still undervalued. It’s a competitive market, in which the ability to catch opportunities as soon as they occur is crucial to financial gain. Fortunately, thanks to discovering Coinuma, you will never again worry about finding the perfect exchange to purchase exciting, innovative coins.