Augur is a prediction market protocol based on Ethereum. The protocol allows users to create markets and bet on outcomes without relying on a bookkeeper. Users can bet on various real life events, from the weather and politics to sports. REP can be used to open a betting market, bet on an outcome, or dispute an outcome. REP can be earned by betting on a correct outcome or by correcting a wrong outcome on Augur markets.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Augur. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Augur and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Augur without any technical knowledge. Here is a brief overview of the existing wallet options to store your Augur:
Hosted wallets are wallets where the private keys to your Augur are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Augur online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Augur. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Augur, and if malicious parties have access to your device, your private keys (and therefore your Augur) can be stolen.
A hardware wallet is a physical device on which you can store your Augur offline. It is one of the safest ways to store your Augur, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Augur is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Augur. Once you have purchased Augur on Bitvavo, you can choose to send your Augur from your Bitvavo wallet to your own software or hardware wallet.