Frequently Asked Questions
Everything you need to know about Nilamit.
How does the bidding work?
Every bid is recorded in real-time. If someone bids in the last 2 minutes, the auction is extended by another 2 minutes to prevent 'sniping'.
What is the Advance Payment?
It is a small commitment fee (logistic insurance) held by the platform to protect both parties. It is unlocked for the seller once the deal is complete.
Is my identity safe?
Yes. Your contact information (email/address) is shielded and only revealed to your counter-party after the advance payment is confirmed.