NFT STARS
  • NFT STARS Vision
  • NFT STARS Introduction
    • NFT Market Problems
    • Roadmap
  • NFT STARS Core Features
    • Technical Features List
    • Management Features List
    • Fractional Trading
    • Augmented Reality
    • Multi-chain solution
    • NFT Pricing Scanner
    • DAO voting
    • NFT Mania
    • NFT STARS accounts
    • NFT STARS drops
    • Initial NFT Offering
  • SIDUS: NFT Heroes Collection
    • What ‘SIDUS: NFT Heroes’ Is
    • How and Where to Buy Your NFT Hero
    • What Galaxy Modificator Is and How to Upgrade Your NFT Hero
    • Collection Rarity and How to Check You NFT Hero’s Rarity
    • What Galaxy Staking Is and How to Stake an NFT Hero
    • SIDUS: NFT Heroes Roadmap
    • SIDUS Lore and Philosophy
  • Native Token NFTS
    • NFTS Token Use Cases
    • Token Allocation
    • Contract
  • Audit
  • Legal
  • Social media
  • FAQ
  • Guides
    • How to buy NFTs on NFT STARS
    • How to apply to be an artist
    • How to create an NFT on NFT STARS
    • What are NFT standards and how to choose one?
    • NFT STARS Submission Guidelines
    • NFT STARS Auctions
    • Which wallet is perfect for buying NFTs on NFT STARS?
    • How to connect a MetaMask account
    • How to connect a WalletConnect account
    • How to connect your MetaMask to Binance Smart Chain and the NFTS token
    • What is an NFT and how do you buy one?
    • What is an NFT and how do you store one?
    • A guide to NFT STARS auctions and drops
    • How the royalty system works
    • How and Where to Buy AVAX for Using NFT STARS on Avalanche
    • How to get MILK2 for NFTS tokens
    • How to buy ETH
    • What is Gas?
    • A guide to NFT STARS types of sales
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On this page
  • When does the auction start?
  • How do I place a bid?
  • What currency can I use to purchase an NFT on NFT STARS? And do I pay Gas while placing a bid?
  • How does the bidding work?
  • Can I place more than 1 bid for the same NFT? And what if someone outbids me?
  • When does the auction close?
  • How can I keep track of all my bids?

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  1. Guides

NFT STARS Auctions

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Last updated 3 years ago

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You’ve found a work of art on NFT STARS that you want in your collection. Here's a couple of things you need to know.

When does the auction start?

NFT STARS announces the date and time of every auction, in advance, on its website and social media channels. At the start of the auction a countdown to the end begins.

How do I place a bid?

Read our on how to place a bid.

What currency can I use to purchase an NFT on NFT STARS? And do I pay Gas while placing a bid?

Currently, the marketplace accepts only WETH. More cryptocurrencies are coming in the future. And no to paying Gas, the act of placing a bid is free.

How does the bidding work?

When you place a bid, the platform checks the balance of your wallet. Your bid will only be accepted if your balance is equal to or greater than the amount of WETH you are bidding. If it isn’t, the bid will be declined. If accepted, your funds (equal to your bid) are not put on hold by NFT STARS but you do give NFT STARS permission to perform a transaction. The platform subsequently creates a pending order. That's why collectors do not pay any fees and can place multiple bids.

For example, if you have 5 WETH in your wallet, you can either place 2 bids on different NFT per 2.5 WETH or 2 bids for 5 WETH. But if one of the 5 WETH bids goes through, the bid for another NFT will be declined.

Can I place more than 1 bid for the same NFT? And what if someone outbids me?

Sure, you can place bids until you win the NFT you want for your collection. NFT STARS has no rules regarding the next bid and how much it should exceed the current bid. You can place an offer that’s just 1% higher than the previous one.

When does the auction close?

Each artist specifies the duration of every auction. It can be 24h, 48h or 72h. Every auction starts at a pre-designated time and ends within the set timeframe. If a user places a bid at the very last second, NFT STARS will not prolong the auction. When the bidding process closes, the artist approves the winning bid and the funds are transferred from the winner's wallet.

How can I keep track of all my bids?

Go to your page and find the 'Auction' tab where you will find all the information logged. The NFT STARS team is working on issuing notifications so that you won’t have to check your account to find out the news.

illustrated step-by-step guide