There are two types of BIDCOINS, Gold BIDCOINS & Silver BIDCOINS. Gold BIDCOINS are purchased by bidders for bidding, with a BUY BACK GUARANTEE. Silver BIDCOINS are complementary coins provided by the Platform to entice users to bid with no BUY BACK GUARANTEE. The non-refundable entrance fees are 0.5% of the market shelve price of any bidding item, and bidders are required to deposit 25% of the listed item price to start bidding.

Mazadbid is a one-of-a-kind bidding platform, where subscribed users can bid on various items and win them at a fraction of the market shelve price by implementing a modified penny auction concept. Unlike Penny auctions, bidders who do not want, do not loose a single penny. It is a Win-Win-Win model for bidders and merchants who provide the products and services as well as the Platform.