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How to Place a Bid?

Learn how to place a bid on Mazad step by step.

Updated over a month ago

To start, you'll see the following under every asset listed in an auction:

  1. The highest bid

  2. The number of bids

  3. The time left until the auction ends


Step 1: Explore available auctions and select the asset you're interested in.

Select the asset you're interested in and click "Bid Now" to place your bid. You can also view the asset details and monitor the auction timer before proceeding.


Step 2: Enter your bid amount

After clicking "Bid Now", the bidding sheet will appear, allowing you to enter your bid amount and displaying the minimum increment and a progress bar indicating your consumed limit. You can adjust the amount using the plus (+) and minus (-) buttons or tap the number field to enter your bid manually using the keyboard. When you are satisfied with the amount you have entered you can proceed by clicking "Bid Now".

💡 Tip

Want to increase your chances winning an asset? Enable auto-bid to stay ahead.


Step 3: Confirm your Bid Amount

A confirmation pop-up will appear—simply tap "Confirm" to finalize your bid.

Note:

If a bid is placed during the final five minutes of the auction time, the timer resets to five minutes.


Additional Notes

  • Ensure you have enough deposit balance in your account before placing a bid.

  • Carefully review the auction terms and conditions before participating.

🎉 Congrats! You placed your first bid!

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