How to Buy Augur Coin – Invest with Low Fees Today

If you’re looking to buy Augur coin from the comfort of your home – you’ll want to make sure you are using a trusted platform that offers competitive fees. You also need to ensure that your chosen payment method is supported – as many exchanges only accept crypto-asset deposits.

In this guide, we show you how to buy Augur coin with a debit/credit card or Paypal at a regulated broker.

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How to Buy Augur Coin – Quick Guide

If you’re looking for a quickfire guide on how to buy Augur coin – check out the 4-step walkthrough below.

1. Open an account: Register an account with a regulated broker that allows you to buy Augur coin. eToro – which is home to over 20 million investors, is the best broker offering access to this market.
2. Upload ID: Once registered, you’ll be asked to upload a copy of your government-issued ID – which should be verified by eToro in a couple of minutes.
3. Deposit: Make a deposit into your eToro account with a debit/credit card, Paypal, Neteller, or bank wire.
4. Buy Augur: Finally, search for Augur and fill out a buy order form. All you need to do is enter your stake ($25 minimum) and confirm the investment.

As soon as you place your order, the Augur coins will be added to your eToro account. You have the option of allowing eToro to safely store your coins for you in its own wallet or make a withdrawal.

Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.

How to Buy Augur Coin Tutorial

The above quickfire guide provides you with the key steps required to buy Augur. However, if this is your first time investing in a cryptocurrency online, you might want to follow our comprehensive walkthrough below.

Step 1: Open an Account and Upload ID

The first step with any online brokerage site is to open an account. If you’re wondering where to buy Augur coin, we recommend eToro. Just click ‘Join Now’ to get started.

You will need to enter some personal information – such as your name, country of residence, home address, date of birth, and telephone number.    

67% of retail investor accounts lose money when trading CFDs with this provider.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

Additionally, you also need to create a username and a password. Before your account is opened, eToro will ask you to verify your mobile number. Simply enter the code that eToro sends to your phone via SMS.

Next, you will be asked to upload a couple of documents as part of the KYC process. eToro needs a clear copy of your passport, driver’s license, or national ID card. To prove your country of residence, you’ll need to supply a recent bank account statement or utility bill.

Step 2: Deposit Funds

Unlike the vast majority of cryptocurrency exchanges in the online space, eToro allows you to deposit funds with a wide range of convenient payment methods. This includes a debit/credit card, bank transfer, and even e-wallets like Paypal.

• If you are from the US, the minimum deposit is $50 and you will not be charged any transaction fees.
• Most other nationalities are required to deposit a minimum of $200 and a non-USD conversion charge of 0.5% will apply.

Even so, many cryptocurrency brokers – such as Coinbase, will charge in excess of 3% to deposit funds with a debit/credit card or e-wallet, so this is still great value.

Step 3: How to Buy Augur 

You should now have an eToro investment account that is verified and funded. If so, it’s time to buy Augur. You can enter ‘Augur’ into the search box and click on the corresponding result. On the next page, click on the ‘Trade’ button.

You will now see an order box appear on your screen. eToro requires you to enter the amount you would like to invest in Augur, ensuring you meet a $25 minimum.

To execute your Augur coin purchase, click on the ‘Open Trade’ button.

Step 4: How to Sell Augur 

Your Augur coins can now be viewed within your eToro portfolio – where the market value will update every second. At any point in time, you can sell your Augur coins back to US dollars.

Past performance is not an indication of future results

Simply click on the ‘Sell’ button that is displayed next to Augur and confirm the order. Assuming you have already uploaded a copy of your ID – you can now withdraw the cash back to your bank account, debit/credit card, or e-wallet.

Where to Buy Augur Coin

Figuring out where to buy Augur coin is the first step for many new cryptocurrency traders. You need a brokerage platform that offers a market on Augur coin at competitive fees and tight spreads. You also need to consider payment methods, minimum deposit amounts, regulations, and more.

Below you will find a selection of trading platforms that allow you to buy Augur coin in a safe and low-cost manner.

1. eToro – Overall Best Way to Buy Augur Coin

eToro is an online broker that offers a wide selection of financial markets. On top of cryptocurrencies, this includes thousands of shares and ETFs, as well as CFD markets on indices, forex, hard metals, and energies. When it comes to buying Augur, you will only need to meet a minimum investment of $25 per stake.

Fees are super low when using eToro, as cryptocurrency spreads typically start from just 0.75%. The investment process itself shouldn’t take you more than 10 minutes – even if you don’t already have an account. You can instantly deposit funds with a debit/credit card (Visa, MasterCard, Maestro), bank wire, or e-wallet (Paypal, Skrill, Neteller).

If you want to diversify into other digital currencies, eToro also allows you to buy Bitcoin, Ethereum, EOS, Cardano, XRP, Binance Coin, Bitcoin Cash, and more. In fact, eToro also hosts a number of Defi coins, meaning you can buy Aave, Kyber Network, Uniswap, and more.  We also like the social trading features offered by eToro – which is great for sharing ideas with other traders, liking comments, and gauging the wider market sentiment.

You might also consider the Copy Trading feature, which allows you to mirror the portfolio of an experienced eToro investor. There is also a CryptoPortfolio marketplace, which allows you to invest in a diversified basket of digital coins. This is professionally managed by eToro, so your investment portfolio will be regularly rebalanced. Finally, eToro is regulated by the FCA, ASIC, and CySEC – and approved by the SEC and FINRA.

Pros

Cons

67% of retail investor accounts lose money when trading CFDs with this provider.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

2. Capital.com – Trade Augur CFDs Commission-Free

If you see yourself as more of a short-term trader rather than a long-term investor – it might be worth considering Capital.com. This is because the platform specializes in CFDs (contracts for differences) – meaning you can easily trade the future value of Augur without actually buying or owning the coins.

Instead, you will simply need to choose from a buy or sell order. The former is required if you think that the Augur price will increase and the latter if you expect a market decline. When trading Augur CFDs at Capital.com, you might also be permitted to apply leverage. This is ultimately down to the country in which you are resident. For example, those based in the European Union and Australia can trade with leverage of 1:2 – while other nations get more.

Nevertheless, Capital.com does not charge any trading commissions at all – so it’s only the spread that you need to cover. The platform operates a variable spread, meaning that it will change throughout the day depending on market conditions. On top of digital currencies like Augur, Capital.com also offers CFD markets that track stocks, ETFs, indices, hard metals, energies, forex, and more. These can also be traded without paying commission.

If you like the sound of trading Augur CFDs but have little to no experience, you might consider the demo account facility that Capital.com offers. This allows you to experience live market conditions but in a risk-free environment. With that said, the minimum real money deposit at Capital.com is a very low $20 – so you don’t need to break the bank to give CFD trading a go. Finally, Capital.com is authorized and regulated by CySEC and the FCA.

Pros:

Cons:

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

3. Binance – Top-Rated Cryptocurrency Exchange to Buy Augur Coin

It will likely come as no surprise to learn that Binance hosts Augur. After all, the platform is home to hundreds of altcoins – all of which can be traded 24/7. However, Binance does not offer a crypto-to-fiat pair that contains Augur, meaning that you will need to trade it against an alternative digital coin.

At the time of writing, you can do this against Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). This will add an extra step to the investment process if you don’t have any digital currencies to hand and you wish to use fiat money. Binance does accept debit/credit cards, so you could buy Bitcoin or Ethereum, for example, and then exchange this into Augur crypto coins.

When it comes to fees, the standard trading commission on Binance stands at 0.1%. This is charged when you buy REP and again when you cash out. If using a debit/credit card to deposit funds, the commission will vary depending on where you live. For example, this stands at 1.8% in the UK and upwards of 3-4% in many other countries. Bank transfers are also supported and in many cases are free of charge.

Binance is also a good option if you plan to trade more complex cryptocurrency instruments. For example, the platform is home to a number of crypto-derivative markets, which include futures and options. These markets can be traded with leverage and offer both long and short positions. Binance also offers a private mobile wallet that allows you to store your digital coins in a decentralized manner.

Pros

Cons

Your Capital is at risk.

Augur Coin Payment Methods

When it comes to paying for your Augur coin, you have several popular payment methods to choose from. Let’s take a closer look at your options.

Buy Augur Coin with PayPal

PayPal is one of the most popular e-wallets – and the good news is that you can use PayPal to buy Augur. Brokers like eToro let you move funds seamlessly from your PayPal account to your cryptocurrency trading account instantly. eToro also accepts e-wallets like Neteller and Skrill for payment.

Another option is to buy Bitcoin with PayPal. Then you can use any cryptocurrency exchange, including eToro and Binance, to buy Augur coin with Bitcoin.

Buy Augur Coin with Credit Card or Debit Card

Another simple option to buy Augur coin is using a credit card or debit card. eToro, Capital.com, and Binance all accept Visa and Mastercard credit/debit cards and funds appear in your trading account instantly.

Buy Augur Coin with Bank Transfer

You can also buy Augur Coin with a bank transfer. eToro and other cryptocurrency exchanges allow you to send an electronic transfer from your bank to your trading account. Funds can take a few days to arrive, so this may not be the best option if you want to buy Augur coin right away.

What is Augur Coin?

Augur (REP) is a decentralized platform that specializes in ‘prediction markets’. Built on top of the Ethereum blockchain, the main concept with Augur is that ERC20 token holders have the opportunity to predict the future outcome of a specific event. This could be anything from an upcoming election to the outcome of a sporting game.

Either way, token holders that speculate correctly will earn additional Augur coins. This operates as an incentive for the Augur community to build on the potentialities of the platform’s prediction model.

• As a decentralized project, the platform is governed by smart contract technology.
• This means that the technology is able to determine the outcome of a prediction market autonomously by using third-party data.
• In turn, this means that those that predicted correctly will be paid out by the smart contract.

Although the Augur crypto coin is used as fuel for the platform’s ecosystem and the wider community, it should be noted that most people invest with the view of making a profit. This can be achieved if you are able to buy the Augur coin and then cash out at a higher price at some point in the future.

Why Buy Augur Coin? Augur Coin Analysis

Still not sure whether the Augur coin is the right addition to your cryptocurrency portfolio? If so, below we discuss some of the main reasons why you might decide to buy Augur coin.

Alternative to Traditional Betting Markets

Augur offers a complete alternative to traditional betting websites, insofar that it operates a 100% decentralized model. From the perspective of a seasoned gambler, this means that there can be no internal malpractice. Augur itself claims that it offers a betting platform with no limits on stake sizes and winnings.

As such, this would appeal to those that have previously had accounts closed or stakes capped. You then have the anonymous side of things – as Augur does not collect any personal information or KYC documents. As the platform runs on top of the Ethereum blockchain, winnings are paid instantly without the approval of a third party.

Huge Upside Potential

At the time of writing in May 2021, the Augur crypto coin is carrying a market cap of just over $355 million. This is tiny when you consider the number of cryptocurrencies that are valued in billions of dollars.

Although there is no guarantee that Augur will continue to rise over the course of time, this does at the very least give you the chance to target returns that would otherwise not be possible with large-cap projects like Bitcoin and Ethereum.

2021 Augur Price Action

2021 has been a great year for those invested in Augur coin. The digital currency was trading at just over $16 on January 1st, 2021, and grew to highs of $53.55 just five months later. This translates into returns of over 230%.

Augur Price

The Augur coin price is generally quoted in US dollars like the rest of the cryptocurrency scene. At the time of writing on May 17th, 2021, the Augur crypto price is trading at $32.34. This means that since its previous highs of $53.55 earlier in the month of May, the Augur coin price has retracted by almost 40%.

This is just the nature of the digital currency trading arena – especially with the likes of Augur. This is because the project is still home to a small market capitalization and thus – volatility levels will naturally be higher.

Augur Price Prediction

If you’re looking for an Augur price prediction – you won’t need to look far. This is because the internet is jam-packed with so-called cryptocurrency predictions. But, in most cases, there is no fundamental or technical data to back these predictions up.

As such, the best thing you can do is to make a judgment on where you think Augur as a project will be in years to come.

If its betting prediction market takes off, then this will have a major impact on the value of the Augur coin. After all, the digital token is used to fuel the Augur ecosystem. If you do not have the skills or experience to make an Augur coin price prediction yourself but you still want to invest – it’s best to keep your stakes modest.

Best Augur Wallets

So far in this guide on how to buy Augur coin, we have covered the process of choosing a suitable broker and reviewed some of the best options in this space. We have also provided some background information on Augur as an investment prospect. Now, we need to talk about finding a wallet to store your Augur crypto coins.

To fast-track the research process, below we review the best Augur wallets for 2021.

eToro Augur Wallet

Available on both Google Play and the App Store, the eToro wallet is hugely popular. First and foremost, you can store over 120+ different cryptocurrencies on the eToro wallet app – which is inclusive of Augur. This means that you can store all of your digital currencies in one safe place – rather than needing to have multiple wallets.

With more than 500 cryptocurrency pairs compatible with the wallet, this allows you to instantly exchange one digital coin to another. For example, if you decide to exchange Augur into Bitcoin, this can be achieved without leaving the app.

When it comes to safety, this is where the eToro wallet really stands out. This is because the wallet itself is regulated by the Guernsey Financial Services Commission (GFSC). Additionally, if you end up losing your private keys, eToro has a mechanism in place that allows you to regain access to your wallet.

With that said, when you buy Augur crypto coins at eToro, you can also elect to leave your digital assets stored in the provider’s own wallet. This option is great for those that strive for added convenience, as you can sell your Augur coins at the click of a button without needing to transfer them in from an external wallet.

Binance Augur Wallet

Binance also offers its own native digital asset wallet that can safely store Augur crypto coins. Compatible with both iOS and Android devices, the ‘Trust Wallet’ is highly rated. In fact, on Google Play alone the wallet has been downloaded over 5 million times.

This has resulted in a rating of 4.5/5 across more than 300k individual reviews. The Trust Wallet can store a considerable number of different digital currencies, so if you also have a financial interest in other coins, you can store them in one single place.

The Trust Wallet also allows you to buy cryptocurrencies from within the app, exchange one coin for another, and even earn interest on your holdings. The wallet is also compatible with non-fungible tokens. Perhaps the main drawback to consider is that as a decentralized wallet – you won’t have anywhere to turn should you lose your private keys.

Investing in Augur vs Trading Augur Coin

Although the terms ‘investing’ and ‘trading’ Augur are often used interchangeably, they actually refer to two different financial objectives.

• Put simply, when you invest in Augur, you are buying the REP tokens yourself with the view of making a long-term profit.
• By taking a ‘buy and hold’ strategy, you might keep your Augur coins for many months or years.
• This means that you will have very little interest in the short-term volatility levels of Augur – making it perfect for newbies.

On the other hand, ‘trading’ Augur coins refer to a short-term strategy.

• For example, you might find that Augur coins are undervalued and place a quick buy order, before cashing out a few days later.
• Or, you might decide to place a short-selling order in Augur and exit the position after just a couple of hours.
• Either way, trading Augur requires a firm understanding of technical analysis and the will to keep up-to-date with key market developments.

Ultimately, if you simply want to inject a bit of money into Augur because you believe in the project, you will be better suited for a traditional investment where you buy the coins.

Augur Coin Reddit – Keep Up to Date with Augur Coin News

The Augur Reddit group is currently home to over 11,000 members. The forum is a great source of information regarding key project updates and developments. For example, you view roadmap targets and announcements of new partnerships, as well as ask questions to the wider community.

eToro – Best Broker to Buy Augur Coin

Augur is behind an innovative crypto-centric betting prediction market that appears to be growing in popularity. Its Augur (REP) coin has performed particularly well this year, and with a market capitalization of just over $355 million, there is plenty of upside potential on the table.

If you’re wondering how and where to buy Augur coin in the safest and most convenient way possible – consider eToro. This heavily regulated broker has more than 20 million investors on its books, not least because it allows you to buy digital currencies in a low-cost and burden-free environment.

It takes just a few minutes to register and can buy Augur coin with a debit/credit card or e-wallet!

eToro - Our Recommended Crypto Platform

Our Rating

• 30 Million Users Worldwide
• Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
• Free Demo Account, Social Trading Community
• Free Secure Wallet - Unlosable Private Key
• Copytrade Professional Crypto Traders

Visit eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at this link: https://www.etoro.com/customer-service/terms-conditions/trading-restriction/

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