How does the 'post only' option work on GDAX?

3 answers

• Hemant Kumar JoshiJan 30, 2024 · a year ago
  The 'post only' option on GDAX is a feature that allows you to ensure that your order is added to the order book as a limit order and not as a market order. When you select the 'post only' option, your order will only be placed if it doesn't immediately match with an existing order. This can help you avoid paying the taker fee and instead only pay the maker fee, which is usually lower. It's a useful option if you want to provide liquidity to the market and potentially save on fees.
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• Heath BankAug 20, 2021 · 4 years ago
  When you use the 'post only' option on GDAX, your order will only be added to the order book if it doesn't immediately match with an existing order. This means that your order will only be executed as a maker order and not as a taker order. By using the 'post only' option, you can potentially save on fees, as maker fees are usually lower than taker fees. However, keep in mind that using the 'post only' option may also mean that your order takes longer to be filled, as it relies on other traders placing orders that match with yours.
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• IlyaMaKeRNov 05, 2022 · 3 years ago
  The 'post only' option on GDAX is a great way to save on fees and provide liquidity to the market. When you select the 'post only' option, your order will only be placed if it doesn't immediately match with an existing order. This means that you will only pay the maker fee, which is typically lower than the taker fee. It's a win-win situation where you can potentially save money and help keep the market liquid. However, keep in mind that using the 'post only' option may result in your order taking longer to be filled, as it relies on other traders placing orders that match with yours. Overall, it's a useful feature to consider when trading on GDAX.
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