You can either bid on a specific NFT or on an entire collection.
If you bid on an individual item, only the current owner of that specific NFT can accept it and there's no variety of what NFT you could receive.
Placing a “floor bid” (bidding on an entire collection) allows any owner of any NFT in the selected collection to accept your bid. By placing a floor bid, you could get any NFT from the collection. Floor bidding increases the chance for your bid to be accepted.
How to Bid on an Individual Item:
1. Go on to the explore page and find the NFT you'd like to bid on.
2. Click on the three dots on the bottom right-hand side of the NFT and then select "New bid."
3. Enter your desired bidding price.
4. Select the expiration date of the bid offer.
5. Click on "Place a Bid."
6. Sign the transaction/s in your wallet.
7. Your bid offer has been placed. You'll see the bids you've made under "Bids made" and under your activity on your profile.
Now, just wait to see if it'll be accepted!
How to Place a Floor Bid on a Collection:
Reminder: This allows any owner of any NFT in the collection to accept your bid.
Option A:
1. Go on to the explore page and find the NFT or collection you'd like to bid on.
2. Click on the three dots on the bottom right-hand side of the NFT and then select "Place Floor Bid."
Note: Your bid offer has to be at least 75% of the collection's current floor price.
3. Enter your desired bidding price.
4. Select the expiration date of the bid offer.
5. Click on "Place a Bid."
6. Sign the transaction/s in your wallet.
7. Your bid offer has been placed. You'll see the bids you've made under "Bids made" and under your activity on your profile.
Now, just wait to see if it'll be accepted!
Option B:
1. Go on to the explore page and find the collection you'd like to bid on.
2. Click on "Make Collection offer" on the bottom right-hand side of the page.
Note: Your bid offer has to be at least 75% of the collection's current floor price.
3. Enter your desired bidding price.
4. Select the expiration date of the bid offer.
5. Click on "Place a Bid."
6. Sign the transaction/s in your wallet.
7. Your bid offer has been placed. You'll see the bids you've made under "Bids made" and under your activity on your profile.
Now, just wait to see if it'll be accepted!
Note: If you wish to change your bidding price or cancel your bid offer, follow this article: How to manage your bid offers
Note: If you would like an in-depth demonstration about how to place a bid on Rarible, watch our YouTube video: https://youtu.be/crJizH_hY34