When looking for a domain name auction platform, you need to pay attention to these 4 points
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Domain name auction means that the buyer cannot be found in a short period of time, and the holder wants to cash out quickly, and the low-price auction is in the form of active auction, and there is also passive auction. Domain name auction is very common. When looking for a domain name auction platform, you need to pay attention to these 4 points. This article will mainly introduce some precautions for the domain name auction process in the platform auction method, auction reserve price, auction time, and transfer of domain names.
1. Pay attention to the platform auction method
We need to pay attention to whether it is a post auction or a pledge auction. The two methods have different advantages and disadvantages. Each platform has different rules and auction methods. Be sure to read the rules carefully. Some will have deduction ratios and liquidated damages.
2. Set the auction reserve price
It is best to set a transaction price you expect to avoid your good domain name being auctioned off at a low price. If you don’t want to make a deal, you have to deduct liquidated damages, or you can only trade at a low price, so this is also very important.
3. Pay attention to the auction time cycle and the start and end time of the auction
Generally speaking, the auction cycle is generally 5 to 14 days, and the start and end time of the auction is based on the platform system prompt time. If there is a new bid within 5 minutes before the auction ends, the system will automatically extend the time to 5 minutes, which can be regarded as giving bidders more opportunities.
4. Pay attention to the process of transferring domain names
Generally, the platform requires the seller to transfer the membership number or provide the transfer code to the buyer within a few working days after the buyer pays. If the seller does not perform the corresponding operation within the specified working days, the auction platform will take corresponding measures to force the domain name to be transferred to the buyer or compensate the buyer except the frozen deposit, and cancel the transaction at the same time.
Therefore, it is important to pay attention to the timely transfer of domain names. If there are special circumstances, you can explain the specific situation to the platform and wait for the platform to rule. However, such situations are usually considered as breach of contract, and in the best case, a certain amount of breach of contract must be paid.
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