Seeing as uBIDUP, a penny auction site just for the crypto-currency, Bitcoin, is still up and running we thought it'd be a great idea to feature this insightful guest blog from Bitcoin expert, Justin Hawley of What is Bitcoin, and Why Would Anyone Want It? Bitcoin.  If you haven’t heard of it yet, you will. [...]

empty handed

According to reports received from two separate sources, it has been alleged that the Hong Kong based penny auction site, BiddersParadise at does not have any items on hand that they display in auctions on their website. Allegedly, bidders are required to first win the item, after they're actual affiliates of the company and [...]

Resibids Penny Auction Real Estate is a penny auction site for real estate that just launched in Australia. While the auction for the property is not visible from the homepage, a countdown ticker on the site states the auction will begin in 6 days.   ResiBids is claiming to be working with developers to offer their first real estate [...]

Bidcactus beezid shut down

BidCactus, once one of the longest standing penny auction sites on the Internet has just shut down. Is this a sign of the further downfall of the once buzzing penny auction industry? Rife with controversy, misunderstanding due to faulty marketing tactics and fraud by shady operators, this is just one of many sites to shut [...]

Designer penny auctions

The guys behind the penny auction site for sneakers have just launched a new site, OneCentChic offers designer fashion goods and accessories in a "you choose" auction format. In each designer auction that OneCentChic offers there will be a choice of an item that the winner would like to win. In this Valentine's Day [...]


We recently interviewed to learn more about this penny auction site. Have you bid at DoughChest? If so we want to hear about your experiences. DoughChest launched in June of 2013 and they currently offer $15 gift cards to retailers such as Target and Penny Auction Watch: What got you interested in the [...]

A few days ago we posted info on the penny auction site known as BiddersParadise and found on BP8.HK. In case you have tried this penny auction site we are looking to hear your feedback. Have you bid there or won items? Have you received those won items? How long would it actually take to [...]


What's a Bitcoin? A Bitcoin is a new form of electronic money, a "cryptocurrency." It's the world's first decentralized currency. There is no issuing authority such as the Federal Reserve Central Bank. Bitcoins can be transferred with the click of a button, and there are no transaction or processing fees to transfer Bitcoins to anyone. [...]