In order to participate in our auctions, you must first register. This is free and takes less than 30 seconds!
Simply click the 'Bid Now' button. Assuming there is no technical malfunction, your bid will be recorded and your username will be shown as the highest bidder.
Bidding in an auction on bid4bit has some cost of BID4 Tokens. Each time you place a bid, tokens will be deducted from your remaining BID4 Token balance.
To maintain the highest bid, you will need to keep clicking the ‘Bid Now’ button whenever another user outbids you.
Each bid raises the auction price by $0.01 to $0.10 and resets the clock for a maximum of 30 seconds.
Be the last to place a bid when the timer counts down to zero, and you win!
Time is added to the clock whenever a bid is placed. This allows someone else the chance to bid if they want to. It's a lot like the "Going once, Going twice, SOLD!" approach of traditional auctions.
The amount of time added to the auction timer depends on the particular auction, and varies between 10, 20, or 30 seconds.
Each auction ends when the timer reaches zero on bid4bit's servers.