How does a post-only order differ from other types of orders in the cryptocurrency market?

3 answers

• Jan 12, 2022 · 3 years ago
  A post-only order is a type of order in the cryptocurrency market that ensures that your order will only be added to the order book as a maker order. This means that your order will not be executed immediately, but will wait for a buyer or seller to match with it. This type of order is useful if you want to provide liquidity to the market and earn maker fees. Other types of orders, such as market orders or limit orders, can be executed immediately and may incur taker fees.
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• Jan 12, 2022 · 3 years ago
  When you place a post-only order, you are essentially saying that you only want to add liquidity to the market and not take liquidity. This can be beneficial if you want to avoid paying taker fees and instead earn maker fees. However, it's important to note that your order may not be executed immediately and you will have to wait for a buyer or seller to match with your order. If you're looking for immediate execution, you may want to consider using a market order or a limit order instead.
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• Jan 12, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers the option to place post-only orders. This type of order is particularly useful for traders who want to provide liquidity to the market and earn maker fees. By placing a post-only order, you can avoid paying taker fees and instead earn a rebate on your trades. It's a great way to maximize your profits while contributing to the liquidity of the market.
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