To bid on an auction on EXA Market, you have to follow these steps:
Select a listing and click Bid now.
Enter the amount you would like to bid (note that the minimum amount for a new bid is required to be 5% higher than the last one).
Then click Bid now and sign the transaction with your wallet.
🎉 Your bid has been successfully placed!
Then, there are two possible outcomes:
😔Another user bids over you, you lose the auction, you will receive a notification and your funds will automatically return to your wallet;
🥳 Nobody bids over you, you win the auction, you will receive a notification to claim your asset(s).