What is a post only order in the context of cryptocurrency trading?

3 answers

• Dec 25, 2021 · 3 years ago
  A post only order is a type of order that ensures that it will only be added to the order book as a maker order. This means that the order will only be executed if it doesn't immediately match with an existing order. The advantage of using a post only order is that it avoids paying taker fees, which are usually higher than maker fees. By placing a post only order, you are providing liquidity to the market and helping to maintain a healthy order book. It's a great strategy for traders who want to save on fees and contribute to the overall market liquidity.
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• Dec 25, 2021 · 3 years ago
  In the context of cryptocurrency trading, a post only order is a type of order that can only be added to the order book if it doesn't immediately match with an existing order. This means that if your order would result in an immediate trade, it will be canceled instead. The purpose of a post only order is to encourage traders to provide liquidity to the market by placing maker orders. By doing so, traders can enjoy lower fees and help maintain a more stable market. It's a win-win situation for both traders and the exchange.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers the option to place post only orders. When you place a post only order on BYDFi, it will only be added to the order book if it doesn't immediately match with an existing order. This ensures that you can enjoy the benefits of being a maker and avoid paying taker fees. Post only orders are a great way to save on fees and contribute to the liquidity of the market. If you're looking for a reliable exchange that supports post only orders, BYDFi is definitely worth considering.
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