What are the advantages of using a post only order in cryptocurrency trading?

3 answers

• Mar 20, 2022 · 3 years ago
  A post only order in cryptocurrency trading refers to an order that is only added to the order book and not immediately executed. The main advantage of using a post only order is that it allows traders to avoid paying trading fees. By placing a post only order, traders provide liquidity to the market and are rewarded with lower fees. This can be particularly beneficial for frequent traders who want to minimize their trading costs.
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• Mar 20, 2022 · 3 years ago
  Using a post only order in cryptocurrency trading can also help prevent slippage. Slippage occurs when the execution price of an order is different from the expected price. By placing a post only order, traders can ensure that their orders are only executed at the desired price or better. This can be especially useful when trading large volumes or during periods of high volatility, as it helps traders maintain control over their trading strategies and minimize potential losses.
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• Mar 20, 2022 · 3 years ago
  At BYDFi, we highly recommend using post only orders in cryptocurrency trading. By placing post only orders, traders can enjoy the benefits of lower fees and reduced slippage. It's a win-win situation for both traders and the market as a whole. So, next time you trade cryptocurrencies, consider using a post only order to optimize your trading experience.
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