What are the possible reasons for the error message 'post only: cannot place order at' in digital currency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  There are several possible reasons for the error message 'post only: cannot place order at' in digital currency trading. One reason could be that the exchange you are using has a 'post only' order type, which means you can only place limit orders and not market orders. Another reason could be that you don't have sufficient funds in your account to place the order. Additionally, the error message could be due to a temporary technical issue with the exchange's trading system. It's recommended to check the exchange's documentation or contact their support for more information on the specific error message.
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• Dec 28, 2021 · 3 years ago
  Oh no! You encountered the dreaded 'post only: cannot place order at' error message in digital currency trading. This error message usually pops up when you try to place a market order on an exchange that only supports limit orders. It's like trying to fit a square peg into a round hole. So, make sure you're using the correct order type and try again. If the problem persists, it could be due to insufficient funds in your account or a glitch in the exchange's system. Don't worry, though. Just double-check your settings and reach out to the exchange's support team if you need further assistance.
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• Dec 28, 2021 · 3 years ago
  When you see the error message 'post only: cannot place order at' in digital currency trading, it means that the exchange you're using only allows limit orders. This means you can only specify the price at which you want to buy or sell, rather than executing the order at the current market price. This order type is often used by traders who want more control over their trades. If you want to place a market order, which executes immediately at the current market price, you'll need to use a different exchange that supports market orders. BYDFi, for example, allows both limit and market orders, giving you more flexibility in your trading strategy.
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