How does the 'post only' feature on GDAX affect the execution of cryptocurrency orders?

3 answers

• Dec 27, 2021 · 3 years ago
  The 'post only' feature on GDAX is designed to ensure that your order is only posted to the order book and not executed immediately. This feature is useful if you want to provide liquidity to the market without taking the risk of immediate execution. When you enable the 'post only' option, your order will only be added to the order book if it doesn't match with an existing order. If your order matches with an existing order, it will be canceled instead of being executed. This feature helps prevent accidental trades and allows you to control the execution of your orders.
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• Dec 27, 2021 · 3 years ago
  The 'post only' feature on GDAX is a great tool for traders who want to avoid paying taker fees. By enabling this feature, your order will only be posted to the order book and you will not be charged any fees for taking liquidity from the market. However, it's important to note that if your order matches with an existing order, it will be canceled instead of being executed. So, if you want to ensure that your order gets executed immediately, it's better to disable the 'post only' option.
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• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the 'post only' feature on GDAX is a valuable tool for traders. It allows you to control the execution of your orders and avoid accidental trades. This feature is especially useful in volatile markets where prices can change rapidly. By enabling the 'post only' option, you can ensure that your order is only posted to the order book and not executed immediately. This gives you the opportunity to review and adjust your order before it gets executed. Overall, the 'post only' feature on GDAX provides traders with more control and flexibility in executing their cryptocurrency orders.
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