Bidding on Handshake TLDs 101: Step-by-Step Guide for Former Namebase & ShakeStation Users

Confused about bidding on Handshake HNS domains now that centralized platforms like Namebase and ShakeStation are closed? This beginner-friendly guide walks you through the full decentralized process using Bob Wallet or LearnHNS - bidding, revealing, claiming, and redeeming.

| michelini | 3 min read
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This guide is specifically for those who only used centralized platforms like Namebase or ShakeStation before. With those services closed, you now need to use real decentralized tools on the Handshake blockchain like Bob Wallet or LearnHNS Chrome wallet. Many community members are confused about the bidding, revealing, claiming, and redeeming steps - this post resolves that.

Why the Process Changed

Centralized platforms handled everything for you. Now you control your own keys and interact directly with the HNS blockchain. It's more secure but requires you to follow timed steps carefully.

Key Concepts You Need to Know

Handshake uses a Vickrey auction (sealed-bid) system:

  • You place a blind bid (hidden amount).
  • After the bidding period, there's a reveal period (typically 10 days) where you must reveal your actual bid.
  • Highest bidder wins but only pays the second-highest bid amount.
  • Failure to reveal in time burns your locked HNS.

Recommended Tools

Bob Wallet: Full desktop wallet with node.
LearnHNS Chrome Extension: Lightweight browser wallet for quick actions. Find links at learnhns.com/start

Always back up your seed phrase and never share it.

Step-by-Step: How to Bid on a Handshake TLD

1. Set Up Your Wallet

Download and install Bob Wallet or add LearnHNS extension. Sync with the Handshake blockchain (this may take time on first run). Fund your wallet with HNS.

2. Search for Available Names

In your wallet, search for the desired TLD (e.g., yourname). Check if it's open for auction.

3. Open the Auction (if needed)

Some names require you to start the auction. Confirm and broadcast the transaction.

4. Place Your Bid

Enter your bid amount. Your wallet will create a blind bid and lock the HNS. Double-check details and submit. The bidding period usually lasts several days.

5. Wait for Bidding Period to End

Monitor the auction status in your wallet.

The Reveal Phase - Most Important Step

After the auction ends, a 10-day reveal period begins.

You must reveal your bid within these 10 days, otherwise your locked HNS is burned and you lose the auction.

In Bob Wallet or LearnHNS:

  1. Go to the domain page or your bids section.
  2. Click "Reveal Bid" during the reveal window.
  3. Enter your password and confirm the transaction.

From community example: If you win, reveal in time to claim. Losers can get most of their bid back after reveal.

After Reveal: Claiming or Registering

If you won:

  • After successful reveal, register/claim the name (pay the final price based on second bid).
  • Set up DNS records for your domain.

If you lost:

  • Your excess bid is returned after reveal.
  • You may need to redeem or wait for lockup release.

Common Mistakes to Avoid

  • Missing the 10-day reveal window (HNS burned).
  • Not syncing wallet properly.
  • Using wrong tool or forgetting password.
  • Bidding without enough HNS for fees.

Tips for Success

Set calendar reminders for reveal deadlines. Start with small bids to practice. Join Handshake communities for latest updates. Consider running your own full node for better privacy.

This process puts you in full control - the true spirit of decentralized domains.

Questions? Drop them in the comments or reach out on X.