What is a sniper bot?

A sniper bot is a computer program that automates the process of sniping, or placing a last-second bid on an auction item. Sniper bots are used by savvy buyers and auction participants worldwide. They’re either useful or frustrating, depending on which side of the sniping you’re on. If you’re an auctioneer, sniper bots can be a pain.

Why do sniper bots stop bidding?

Once another bidder outbids you, the sniper bot will stop bidding. This process happens very quickly, and it’s often difficult for other bidders to keep up. As a result, sniper bots can snag great deals on auction items.

Can sniper bots commit fraud?

The Ugly: In some cases, sniper bots can be used to commit fraud. For example, if you’re bidding on an auction for a rare item, you might use a bot to place multiple bids and drive up the price. Once the auction is over, you can cancel your bid and walk away with the money.

How do I know if my NFT is a sniper bot?

Most wallets will show you the current bids that have been placed on your NFTs. This is a great way to see if there’s any suspicious activity going on. If you notice anything unusual, it’s possible that your NFT is being targeted by a sniper bot. Regardless of what you’re selling on your website, it’s important to protect it from bots.