What do "bidding domain name" and "fixed price domain name" mean? What is the difference?
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When some users are preparing to buy domain names, they may have come across "bidding domain names" and "fixed price domain names". They don't have a clear concept of these two. In fact, these two concepts are easy to understand. The former is an auction price, and the highest bidder wins; the latter is a fixed price, and the first come first served. So in what circumstances are they used and what is the specific difference? Let's take a look.
Why are there these two transaction methods? It's because the domain name has been registered by someone else. When you can't find the holder, you can buy it through a professional second-hand domain name platform or broker. To get the domain name you want.
1. What is a bidding domain name
"Bidding domain name" refers to a domain name that is published by the seller through the domain name service provider platform, and the seller sets the minimum price and bidding cycle, allowing different buyers to bid within the specified time, and finally successfully traded in the "highest bidder wins" way.
"Bidding" is also called "auction"; it is a way for multiple buyers to bid. As long as the bid of the bidder of the domain name is higher than the minimum price (reserve price) set by the domain name holder, the buyer with the highest bid will eventually get the domain name.
2. What is a fixed-price domain name
Like "bid-price domain names", "fixed-price domain names" are domain names released by domain name holders through domain name service providers' platforms. The difference between fixed-price domain names and bid-price domain names is that "fixed-price domain names" are won by whoever buys first, and there are no multiple buyers participating in the bidding.
Whether it is "bid-price" or "fixed-price", they are just a trading method in the buying and selling process. In the former, the domain name holder will set a minimum psychological price (reserve price) for the domain name, and in the latter, there is no bidding and negotiation process.
Therefore, some investors believe that obtaining a domain name by "auction bidding" can more easily and intuitively feel the market value of this domain name in the eyes of other "mi friends", and the transaction price is often slightly higher than other domain name trading methods.
Whether it is a bid-price domain name or a fixed-price domain name, the best one can buy is the best one.
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