A Step-by-Step-Guide on how to buy Augur (REP)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and receive your Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Augur (REP) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Augur (REP) As soon as your deposit has been confirmed, you'll now have access to your funds and you can launch buying and trading. To buy Augur (REP) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate Augur (REP), you'll need to insert the shortname of the coin (REP) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this also. Click on “REP/BTC” to proceed.
Step 4 – Acquisition of Augur (REP) After you have discovered Augur (REP), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Augur (REP) was sold for. This can be changed to your desired price. The ”Amount” field is the volumen of REP you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of REP. When you are glad, make a mouse click on “Buy REP”. Your plan will be filled when a Vendor trades their REP for the price you introduced.
Step 5 – Withdraw Augur (REP) Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time period. To withdraw your Augur (REP), hover over the tab called “Funds” and click on “Withdraw”. Augur (REP) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Augur (REP) by using the provided drop-down box. Enter the amount of Augur (REP) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.