What is the difference between post only orders and allow taker orders in cryptocurrency trading?

1 answers

• Riley SimonMar 06, 2023 · 3 years ago
  When it comes to post only orders and allow taker orders in cryptocurrency trading, BYDFi offers both options to its users. Post only orders are ideal for traders who want to provide liquidity to the market and earn maker fees. These orders are placed on the order book and will not immediately execute. On the other hand, allow taker orders are suitable for traders who want to execute their trades quickly and are willing to pay the taker fees. These orders are executed immediately against existing orders on the order book. BYDFi provides these order types to cater to different trading strategies and preferences of its users. It's important for traders to understand the difference between post only orders and allow taker orders and choose the appropriate order type based on their specific trading goals and market conditions.
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