How to Auction on Exchange

One of the most sought-after features is live on Exchange.art!

Here is a quick guide on how to start an auction.

⚠️ To be able to auction an NFT, it needs to be part of an approved collection.

1. Click the ‘Auction’ tab.

2. Click on ‘Start an Auction Now’

3. Set up your Exchange auction, filling in the details. Once ready, click on ‘Start Auction’.

📖 Little handbook:

1. Tick ‘Use ending phase’ if you’d like to set up some time at the end of the auction in which the bid to increase with a set percentage.

For the example below, the auction has been set to run for 1 day and 14 hours. Also, in the last 60 minutes of the auction, the minimum bid is set to increase by 1%.

2. Auctions can start immediately or can be scheduled at a particular date and time.

3. An auction can be cancelled in the following situations:

• It hasn’t started yet
• 15 minutes after it has started if there are no bids

Happy bidding! 🤝🏽

Exchange Team