Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Augur. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good number of popular and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Augur. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Augur in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Augur in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Augur, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Augur.
Alternatively, if you want to know more about which exchanges we like, check our list of the safest crypto exchanges in Australia.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Augur, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Augur
The final step is to go to their asset list, find Augur, navigate to the buy section, and then trade your AUD for some REP. Once you’ve bought Augur, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Augur (REP)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Augur
If you’re thinking about selling Augur, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Augur in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Augur for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Augur in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Augur with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Augur. Have a look on their site first, you might be lucky.
How to buy Augur with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Augur with your credit/debit card.
Augur is a peer to peer protocol and a decentralized oracle that predicts markets. Augur is free, open-source and publicly available software. It is licensed under the General Public License (GPL) and the Massachusetts Institute of Technology (MIT) for parts. Augur is a collection Smart Contracts written using Solidity that can be deployed on Ethereum's blockchain.
Augur can be used in any way you like. Augur can also be accessed through a desktop client application. This works in the same way as interfacing with an Ethereum node or Bitcoin node. Augur protocol users need to ensure compliance with all applicable laws. Augur protocol users must acknowledge that others might not comply with their usage. Augur protocol users do this at their own risk.
Augur, a major decentralized application (Dapp) that was developed using Ethereum, is also the first. This shows that Ethereum can be used for a new type technology. If Augur considers prediction markets gambling, they are not subject to government surveillance. This ensures the application's viability. This allows for transparency when reporting events and crowd wisdom that can cancel out individual frauds.
Augur uses Reputation (REP) as a native token. Reporters and market creators need REP in order to report on Augur's market outcomes. Reporters have the ability to stake their REP on any market outcome in order to report on a particular market. A stake is a statement that the market's outcome matches the stake the reporter has placed. The consensus reached by market journalists is the truth for determining the market's outcome. Augur will distribute the REP staked on the market outcome by this reporter to those who reported with consensus.
Reputable token holders can get a part of the fees by holding REP tokens or participating in reporting events. Every REP token staked earns its owner an equal share in Augur's market fees. Reporters will get more for reporting correctly, and more REP.
Reputation tokens are able to be gained or lost depending upon how reliable users vote for the consensus. Augur Team created this infographic to explain how Reputation tokens work.