To acquire AUCTION, users need to start by registering on the Binance exchange. After successfully completing the registration process, they should transfer either cryptocurrency or fiat currency to their Binance wallet. Once the funds are in place, users can proceed to purchase AUCTION Coin using any of the three trading pairs available. For those looking to buy via the AUCTION/USDT trading pair, they should first access the trading interface for that pair, input the desired amount in the limit order field, and finalize the transaction by placing a Buy AUCTION order.