How does bidding work?

When viewing an auction for an NFT, here is what you need to know when placing a bid.

There are a few simple steps needed in order to place a bid on a marketplace product
Be sure to have added funds to your account, which can be done in the My Wallet section.
From there, on the marketplace page, simply find a listing you want to place a bid on. Once you open it up, click Place Bid on the item in the Auction tab.

When you place a bid, you will be given a screen. Look over the details of the transaction and click that you accept the Terms and Conditions.
You can see active bids on auctions in the My Wallet part of your account as well.

As an owner of an NFT, you can create auction listings with a set start/end time and also set the price for a minimum bid, or the lowest price that bidding will start at.
Owners can only cancel auctions as long as no bids have been placed, once bids are placed the highest bidder will win the auction
Once a buyer places a bid, you will not be able to cancel that bid.
Buyers will be able to place a new bid that is higher than their old bid if they wish to do so.
Funds that are placed on items via bids are excluded from a user's available balance (if a user places multiple bids, only the amount for the highest bid will be frozen).