All Collections
Buying & collecting
How to bid on an auction?
How to bid on an auction?
Erika Marie avatar
Written by Erika Marie
Updated over a week ago

To bid on an auction on EXA Market, you have to follow these steps:

  1. Select a listing and click Bid now.

  2. 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).

  3. Then click Bid now and sign the transaction with your wallet.

  4. 🎉 Your bid has been successfully placed!

  5. Then, there are two possible outcomes:

    1. 😔Another user bids over you, you lose the auction, you will receive a notification and your funds will automatically return to your wallet;

    2. 🥳 Nobody bids over you, you win the auction, you will receive a notification to claim your asset(s).

Did this answer your question?