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Why am I unable to place an order with the 'post only' option on a digital currency exchange?

avatarOrtiz LyonDec 26, 2021 · 3 years ago3 answers

I'm trying to place an order on a digital currency exchange using the 'post only' option, but it's not going through. What could be the reason for this?

Why am I unable to place an order with the 'post only' option on a digital currency exchange?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    There could be several reasons why you're unable to place an order with the 'post only' option on a digital currency exchange. One possibility is that the exchange has temporarily disabled this option due to high market volatility. Another reason could be that you don't have sufficient funds or available balance in your account to place the order. It's also possible that the exchange has specific requirements or restrictions for using the 'post only' option, such as minimum order size or trading volume. I recommend checking the exchange's website or contacting their customer support for more information.
  • avatarDec 26, 2021 · 3 years ago
    Hey there! It seems like you're having trouble placing an order with the 'post only' option on a digital currency exchange. Don't worry, you're not alone! This issue can happen to anyone. One possible reason could be that the exchange is experiencing technical difficulties or undergoing maintenance. Another reason could be that there's a temporary issue with your account or the specific trading pair you're trying to use. I suggest reaching out to the exchange's support team for assistance. They'll be able to provide you with more specific information and help you resolve the issue.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to the 'post only' option on a digital currency exchange, it's important to understand that different exchanges may have different rules and requirements. As for BYDFi, they have implemented the 'post only' option to ensure that traders can only place limit orders that will be added to the order book and not immediately executed. This can be useful for traders who want to avoid paying taker fees and are willing to wait for their orders to be filled. However, if you're unable to place an order with the 'post only' option on BYDFi or any other exchange, it could be due to various reasons such as insufficient funds, incorrect order parameters, or technical issues. I recommend double-checking your account balance, order details, and contacting the exchange's support team for further assistance.