In Auctions, you can bid with other managers to get players. Each bid will raise the price by 1coin and some funds than last bid. As long as there is a new bid provided in the last 10 seconds, then the countdown will be reset to 10 seconds again.
The coins you offered will be frozen(not deducted) if you were the highest bider. You may check your avaliable coins in every bidding interafce. Coins will be unfrozen if your offer was exceeded.
If you list a player in Auction Market, then you can not cancel this trade ahead of schedule. Your bid can not be withdrawed as long as you press the bid button.