Auction is a method for buying and selling assets by inviting bids. Typically, sellers present an asset, and interested buyers place bids. The auction can be conducted live or online, with a specified time frame. The highest bidder at the end of the auction wins the right to purchase the asset at their bid price. This process helps determine the fair market value of an asset based on demand. In a crypto or fiat exchange context, auctions can be used to sell currencies or tokens efficiently and transparently.
Auction
Auction
Last Updated: January 11, 2026
Auction is a process where buyers bid on an asset, and the highest offer wins.