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What are the best practices to avoid the error 'post only: cannot place order at' when trading cryptocurrencies?

avatarRaghupathi GDec 28, 2021 · 3 years ago9 answers

I keep encountering the error 'post only: cannot place order at' when I try to trade cryptocurrencies. What are some best practices to avoid this error and successfully place orders?

What are the best practices to avoid the error 'post only: cannot place order at' when trading cryptocurrencies?

9 answers

  • avatarDec 28, 2021 · 3 years ago
    To avoid the 'post only: cannot place order at' error when trading cryptocurrencies, make sure you are using the correct order type. Some exchanges only allow limit orders for certain trading pairs. Double-check the order type before placing your trade.
  • avatarDec 28, 2021 · 3 years ago
    If you're getting the 'post only: cannot place order at' error, it could be due to insufficient funds in your account. Make sure you have enough balance to cover the order, including any fees. Also, check if there are any open orders that are preventing you from placing new ones.
  • avatarDec 28, 2021 · 3 years ago
    When encountering the 'post only: cannot place order at' error, it's important to note that different exchanges may have different rules and restrictions. For example, BYDFi allows post-only orders to ensure liquidity and prevent market manipulation. Make sure to familiarize yourself with the specific rules of the exchange you are using.
  • avatarDec 28, 2021 · 3 years ago
    If you're consistently facing the 'post only: cannot place order at' error, it might be worth reaching out to customer support for assistance. They can help troubleshoot the issue and provide guidance on how to avoid the error in the future.
  • avatarDec 28, 2021 · 3 years ago
    One way to avoid the 'post only: cannot place order at' error is to use a reputable and reliable cryptocurrency exchange. Do some research and choose an exchange that has a good track record of uptime and minimal technical issues. This can help minimize the chances of encountering such errors.
  • avatarDec 28, 2021 · 3 years ago
    When trading cryptocurrencies, it's important to stay updated with the latest news and announcements from the exchange you are using. Sometimes, temporary issues or maintenance activities can cause the 'post only: cannot place order at' error. By staying informed, you can avoid trading during such periods and reduce the likelihood of encountering this error.
  • avatarDec 28, 2021 · 3 years ago
    If you're experiencing the 'post only: cannot place order at' error, try clearing your browser cache and cookies. Sometimes, cached data can interfere with the trading platform's functionality. Clearing the cache can help resolve any temporary issues and allow you to place orders without encountering the error.
  • avatarDec 28, 2021 · 3 years ago
    To prevent the 'post only: cannot place order at' error, make sure you have a stable internet connection. A weak or unstable connection can cause issues with order placement and result in errors. Consider using a wired connection or a reliable Wi-Fi network to ensure a smooth trading experience.
  • avatarDec 28, 2021 · 3 years ago
    When encountering the 'post only: cannot place order at' error, it's important to remain calm and patient. Technical issues can happen from time to time, but they are usually temporary. Take a break, refresh the page, and try again later. Most of the time, the error will be resolved, and you'll be able to place your orders successfully.