How does a post only order differ from other types of orders in cryptocurrency trading?

3 answers

• Fou PanNov 18, 2020 · 5 years ago
  A post only order is a type of order in cryptocurrency trading that ensures that your order is added to the order book as a maker rather than a taker. This means that your order will only be executed if it does not immediately match with an existing order in the order book. If your order would result in an immediate match, it will be canceled instead. The advantage of using a post only order is that it can help you save on trading fees, as maker orders usually have lower fees compared to taker orders.
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• Aniket KJan 09, 2023 · 3 years ago
  When you place a post only order, you are essentially saying that you only want to add liquidity to the market. This means that you are willing to wait for someone else to take your order, rather than taking an existing order yourself. By doing so, you can potentially get a better price for your trade. However, it's important to note that there is a risk that your order may not be filled if there are no takers in the market.
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• Steve MahindJul 08, 2022 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers the option to place post only orders. With a post only order on BYDFi, you can take advantage of the benefits of being a maker and potentially save on trading fees. It's a great way to optimize your trading strategy and maximize your profits. Give it a try and see how it works for you!
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