[Yen Bidding Guide] NFT Yen Auctions: From Bidding to Payment and Receiving Your NFT

       

This page is for anyone who wants to bid in an influencer's NFT auction in Japanese yen but isn't sure how to go about it. You can easily place a bid even without crypto or a wallet. Bidding takes about 30 seconds to complete.


① Bid on an NFT

On the yen auction page, simply enter the amount you want to bid in yen and proceed to bid. You can bid at least ¥1,000 above the current price (when bids are placed simultaneously, your bid amount may be the same as someone else's; in that case, whoever completes the bid first takes priority).

Bid in the auction

You can choose any name you like to display as your bidder name, and you can optionally link it to your user page. When you complete your bid by following the on-screen instructions, a confirmation email will be sent. Your email address is used only for communications from HEXA and will never be made public, so rest assured.

How to bid in a yen auction

Email verification and confirming your bid

Clicking the link in the confirmation email verifies your email address and takes you to a page for final confirmation of your bid. Review your bid and confirm it. Please note that once you confirm a bid, it cannot be canceled if you become the highest bidder.


SMS verification is required to bid in auctions (first time only)

SMS verification with your phone number is required to bid in auctions. Bids cannot be canceled for any reason once placed.

SMS verification


Completing your bid and displaying bidders

Shortly after you complete your bid, your name, bid amount and X (formerly Twitter) link (if provided) are displayed as a bidder on the auction page. It takes about 1 minute for your bid to appear on the page after completion.

Display in the bid ranking

② Pay for the auction

When the auction ends, the highest bidder (the person who bid the highest price earliest) is sent the URL of a payment page by email. Click the link and follow the on-screen instructions to pay. Amounts up to ¥2 million are paid by credit card; amounts over ¥2 million are paid by bank transfer.


③ Receiving, storing and reselling your NFT

The NFT you buy is stored in your HEXA account. Right after purchase, you can view the holder-only content by verifying your account.

You can also resell the NFT in Japanese yen at any time from My Page.


(For advanced users) Withdrawing your NFT

You can also withdraw your NFT to your own wallet, such as MetaMask. Click Withdraw on My Page to withdraw it. Please note that once you withdraw an NFT, gas fees are required to deposit it back into HEXA for resale.

Wallet authentication and receiving your NFT

You can keep the HEXA NFT you bought in your wallet as is. How to view NFTs in MetaMask here.

Example of a HEXA NFT displayed in a wallet