What are the differences between allowing taker orders and post only orders in the cryptocurrency market?

3 answers

• Dec 25, 2021 · 3 years ago
  Taker orders and post only orders are two different types of orders in the cryptocurrency market. Taker orders are executed immediately at the current market price, while post only orders are only added to the order book and not executed immediately. Taker orders are useful when you want to buy or sell cryptocurrency quickly, while post only orders are useful when you want to set a specific price and wait for the market to reach that price before executing the order. These order types can affect trading strategies as taker orders may result in higher fees due to immediate execution, while post only orders may provide opportunities for better price execution. It's important to consider the market conditions and your trading goals when choosing between these order types.
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• Dec 25, 2021 · 3 years ago
  In the cryptocurrency market, allowing taker orders means that you are willing to pay the current market price to buy or sell cryptocurrency. This type of order is executed immediately and may result in higher fees due to the immediate execution. On the other hand, post only orders are only added to the order book and not executed immediately. This type of order allows you to set a specific price and wait for the market to reach that price before executing the order. Post only orders may provide opportunities for better price execution, but there is a risk that the order may not be executed if the market does not reach the specified price. When deciding between these order types, it's important to consider your trading goals and the current market conditions.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows both taker orders and post only orders. Taker orders are executed immediately at the current market price, while post only orders are added to the order book and not executed immediately. Taker orders are useful when you want to buy or sell cryptocurrency quickly, while post only orders are useful when you want to set a specific price and wait for the market to reach that price before executing the order. Both order types have their advantages and disadvantages, and it's important to consider your trading goals and the current market conditions when choosing between them. BYDFi provides a user-friendly interface for placing both taker and post only orders, making it easy for traders to execute their desired strategies.
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