How they Work
Listing the Domain: Sellers list their domain names on auction platforms. They set a starting bid and sometimes a reserve price (the minimum price they are willing to accept).Bidding Process: Interested buyers place bids on the domain. The auction typically has a set duration, during which buyers can place higher bids to outbid others.
Winning the Auction: When the auction ends, the highest bidder wins the domain. The winning bidder then pays the final bid amount to the auction platform or directly to the seller, depending on the platform’s rules.
