Is it possible to cancel a 'post only' order on GDAX and how does it impact cryptocurrency trading?

3 answers

• Giorgio Di CostanzoJun 12, 2020 · 5 years ago
  Yes, it is possible to cancel a 'post only' order on GDAX. When you cancel a 'post only' order, it will be removed from the order book and you will not be charged any fees for the canceled order. This can be useful if you change your mind about the trade or if the market conditions have changed since you placed the order. However, keep in mind that canceling a 'post only' order may result in your order not being executed if there are no other matching orders in the order book at the time of cancellation.
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• Kaphi AssumiDec 28, 2020 · 4 years ago
  Absolutely! You can cancel a 'post only' order on GDAX without any issues. Just go to the 'Orders' tab, find the order you want to cancel, and click on the 'Cancel' button. Your order will be canceled and you can place a new order if needed. Canceling a 'post only' order does not have any direct impact on cryptocurrency trading, but it allows you to adjust your trading strategy based on the current market conditions.
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• Burks EllisJul 01, 2021 · 4 years ago
  Yes, you can cancel a 'post only' order on GDAX. As a user of BYDFi, I can confirm that canceling a 'post only' order is a straightforward process. Simply navigate to the 'Orders' section, locate the order you wish to cancel, and click on the 'Cancel' button. This action will remove the order from the order book and ensure that it is not executed. Canceling a 'post only' order can be beneficial if you want to modify your trading strategy or if you no longer wish to execute the order at the specified price.
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