Can I use post only mode on GDAX for all types of cryptocurrency trades?

3 answers

• Nuria CabotJan 28, 2022 · 3 years ago
  Yes, you can use the post only mode on GDAX for all types of cryptocurrency trades. This mode allows you to place limit orders that will only be added to the order book and not immediately matched with existing orders. It helps prevent you from paying the taker fee and ensures that you will only be a maker in the trade. This can be beneficial if you want to avoid immediate execution and wait for a better price. Keep in mind that using post only mode does not guarantee that your order will be filled. If there are no matching orders at your specified price, your order will remain on the order book until it is either filled or canceled. Overall, post only mode is a useful feature for traders who want more control over their trades and are willing to wait for the right conditions.
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• Thanakit KaewwisateDec 16, 2021 · 4 years ago
  Absolutely! GDAX's post only mode is available for all types of cryptocurrency trades. It allows you to place limit orders without the risk of being executed immediately. This can be particularly useful if you're looking to buy or sell at a specific price and want to avoid market fluctuations. By using post only mode, you can ensure that your order is added to the order book and not matched with existing orders right away. However, it's important to note that there's no guarantee that your order will be filled, as it depends on market conditions and the availability of matching orders. In summary, post only mode on GDAX is a great tool for traders who want more control over their trades and are willing to wait for the right opportunity.
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• CarmenOct 06, 2024 · 8 months ago
  Yes, you can use post only mode on GDAX for all types of cryptocurrency trades. It allows you to place limit orders that will only be added to the order book and not immediately matched with existing orders. This feature is particularly useful if you want to avoid paying the taker fee and prefer to be a maker in the trade. By using post only mode, you can increase the likelihood of getting a better price for your trade. As for BYDFi, it also offers a similar feature called 'Maker Only Mode' which allows users to place limit orders without being immediately matched. This can be beneficial for traders who want to optimize their trading strategy and minimize fees. Overall, using post only mode on GDAX or Maker Only Mode on BYDFi can be a smart choice for traders who want to have more control over their trades and potentially save on fees.
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