How and where to buy Augur REP by bank transfer in 2024
Augur
0.6140 $ ▼-11.07%
If your intention is to buy Augur with bank transfer, you're in luck. Payment by bank transfer is accepted on most cryptocurrency platforms. It also has a great advantage over other payment methods: It's cheaper. Deposit fees are usually very small, and many exchanges do not charge any commission at all.
The only downside of buying with bank transfer is the time, as deposits usually take a few days to reach your account on the exchanges. If you are looking for immediacy, it would be better to buy Augur with a card.
The most recommended alternative for acquiring REP through bank transfer is Binance due to its high security and low commissions. It also has multiple advantages:
- No fees for BTC and ETH trading.
- Earn Simple, one of the most powerful staking systems in the market (in our opinion, only surpassed by Nexo).
- Small amounts of free cryptocurrencies for playing weekly at its WODL or through its Launchpad.
To invest in Augur, you only need to follow these steps:
How to buy AUGUR REP via bank transfer on Binance
- Register on Binance
- Deposit FIAT money in your account via bank transfer.
- Place an order to buy REP.
- Once your order is executed, you will have Augur in your Binance wallet. Enjoy all its benefits!
All you need is an email and a password. You can do it through this link.
Laws require regulated exchanges to request personal information - like a selfie or a photo of your ID. This process, known as KYC (Know Your Customer), aims to combat money laundering and terrorism financing. If you prefer not to provide this type of information, it is advisable to read the article about exchanges without KYC.
You can do this in the "Wallets" menu, from the "Deposit" button and then in the "Fiat" tab, where you can choose from more than 25 different FIAT currencies to make your deposit. If you choose to do it via transfer, normally you will have the funds in your account in 1 or 2 business days.
To do this, go to the basic purchase from the "Markets" button. Search for the cryptocurrency ticker (REP in this case) and buy Augur in the "Buy REP" panel.
Not all cryptocurrencies are paired with FIAT currencies. When you search for the ticker, you will see the currencies you can exchange it for. If your FIAT currency is not among them, you will need to make an intermediate step: Exchange the FIAT for one of the currencies on the list. Usually, these intermediate currencies tend to be BUSD or USDT. These are a type of cryptocurrency called stablecoins whose value is always 1:1 against the dollar. That is, you will not lose money in this intermediate transaction. You will only have to pay the fees, which in the case of Binance are very low, only 0.1%.
Binance is the largest cryptocurrency exchange in the world by daily volume and by far the second. Even with this volume, Binance has not had any significant security incidents, making it a safe place to buy, sell, and deposit your cryptocurrencies.
However, it is not the only one. There are many other exchanges in the market that are similar and just as secure as Binance. It's not a bad idea to register with another one to get to know other exchanges and see if there is one that better suits you. Some of our recommendations are:
- Bitget, which offers a great advantage over its competitors as it is the only commission-free exchange in its spot market. It does have commissions, though very low, in its futures market, but this product is dedicated to professional traders. You can buy REP from the "Buy cryptos" tab, in the "Third-party Payments" button. Register through this link to buy Augur without commissions. If you're curious, you can read the article on commission-free exchanges
- Gate.io is another of the major exchanges for its low commissions and large number of cryptocurrencies. In addition, if you register with this link, you will enjoy a 10% discount on commissions forever and 30$ for depositing a minimum of 0.05 BTC in any currency.