In an auction, the artist sets a starting price and you bid against other collectors. When the sale ends, the highest bidder wins the auction and pays for the item.
If a bid is placed within the last 10 minutes of an auction, the timer automatically resets to 10 minutes, to give other collectors time to submit additional bids.
Bidding with different payment methods
Prepaid USDC 💸
If you're paying with prepaid USDC, you can only submit a bid for the amount you have already deposited into your account balance. Deposits can take a few minutes, so we highly recommend depositing the maximum amount you're willing to bid well in advance.
Credit or debit card 💳
When you bid and select credit/debit card as a payment option, we place a temporary hold on this amount to make sure you have sufficient funds. We release the hold if you're outbid.
If you're outbid, funds will be returned to your wallet. This usually takes about a minute, but it may take longer if the network is busy.
Please note that bid payments with MetaMask sometimes take a few minutes. If you're planning on placing a bid with only a few minutes to spare, we highly recommend using an alternative payment method.
Settling an auction
If you win an auction, the payment method you selected when submitting your bid is charged automatically.