What are the differences between Bybit's post only order type and other order types in cryptocurrency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  Bybit's post only order type is a unique feature that allows traders to ensure that their orders are only added to the order book as maker orders. This means that the orders will only be executed if they can be matched with an existing order, and they will not be executed as taker orders. This can be beneficial for traders who want to avoid paying taker fees and prefer to provide liquidity to the market. Other order types in cryptocurrency trading, such as market orders and limit orders, do not have this distinction and can be executed as taker orders.
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• Dec 28, 2021 · 3 years ago
  When it comes to Bybit's post only order type, it's all about being a maker. By placing a post only order, you're essentially saying that you only want to add liquidity to the market. This means that your order will only be executed if it can be matched with an existing order. On the other hand, other order types in cryptocurrency trading, like market orders and limit orders, can be executed immediately as taker orders. So, if you want to be a maker and avoid paying taker fees, Bybit's post only order type is the way to go.
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• Dec 28, 2021 · 3 years ago
  Bybit's post only order type is a great tool for traders who want to provide liquidity to the market. It ensures that their orders are only executed if they can be matched with an existing order, making them maker orders. This can be advantageous for traders who want to avoid paying taker fees and prefer to earn rebates by adding liquidity. However, it's important to note that other order types in cryptocurrency trading, like market orders and limit orders, can still be useful in certain situations. It ultimately depends on the trader's strategy and goals.
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