Buy Augur in India

Simple Steps to Buy Augur in India

  1. Register: Sign Up with Bitbns. Then enter personal information like name, phone number and email id details for account creation.

  2. ID Proofs: PAN card, bank account details and Aadhaar card photocopies need to be uploaded. (Residents of Assam can upload Driving license photocopy) for continuing with background verification process.

  3. On successful verification of uploaded documents (which will take only 30 minutes). Investors will be notified via email.

  4. Finally investors can Transfer funds into their Bitbns account using NEFT/RTGS/IMPS or UPI and initiate placing their trading orders!


Augur is the latest among blockchain technologies. Augur is a decentralised prediction market platform, which is created on top of Ethereum blockchain. Its token is an ERC-20 based token.

Prediction markets have been in the business for quite some time. Augur, however, is much different from the existing markets, as it is a decentralised platform. Thus the advantages of Augur are many compared to those of other centralised prediction markets. As of November 2017, Augur has the market cap of a total value of $217 million.

Some Important Facts about Augur

Prediction markets succeed inaccurate forecasting than any expert individuals, as they are mainly based on the ideas of the wisdom of the crowd and game theory. In spite of this, there are a few problems with centralised prediction markets. Some of them are:

  • They can be shut down quickly as compared to Augur's decentralised system
  • An individual has to report the outcome of the events. This means one has to trust the individual to know the reports every time. However, Augur is more streamlined when it comes to reporting things. By providing a decentralised solution, Augur lets users from any part of the world to question the outcome of a future event and also can buy and sell shares based on the outcome of the market they want to participate in. Furthermore, Augur lets hundreds of thousands of users to report on the outcomes. One doesn't have to depend on a particular individual to know the outcome.

About Bitbns

Bitbns is a cryptocurrency exchange platform, which is based out of Bengaluru, India. This is one of India's most effective cryptocurrency platform. It lets users to convert real money (INR) into any cryptocurrency without any hassles. The exchange represents innovation that no other financial system has witnessed in India till now.

Whether you are professional or a beginner in the world of cryptocurrency, Bitbns is ideal for you. You can trade and invest, buy and sell cryptocurrency in the most effective ways possible. The interface is clean and systematic and moreover the customer support is terrific.