Is it possible to set a 'post only' order on a cryptocurrency trading platform?

3 answers

• Ben HackAug 31, 2022 · 3 years ago
  Yes, a 'post only' order is a type of limit order that ensures the order will only be added to the order book and not immediately matched with an existing order. This means that if the order would immediately match with an existing order, it will be canceled instead. It's a way to ensure that you don't accidentally take liquidity from the market. As for whether it's possible to set a 'post only' order on a cryptocurrency trading platform, it depends on the platform. Some platforms do offer this feature, while others may not. It's important to check the platform's order types and features before placing an order.
  619

  310
• mihaul d'athAug 03, 2024 · 10 months ago
  Absolutely! A 'post only' order is a great way to ensure that your order is added to the order book and not immediately executed. This can be useful if you want to provide liquidity to the market or if you want to avoid paying taker fees. However, not all cryptocurrency trading platforms support 'post only' orders. It's important to check the platform's documentation or contact their support team to see if this feature is available.
  436

  146
• TimeindicatorMar 04, 2022 · 3 years ago
  Yes, it is possible to set a 'post only' order on some cryptocurrency trading platforms. For example, BYDFi, a popular trading platform, supports 'post only' orders. When placing an order on BYDFi, you can select the 'post only' option to ensure that your order is added to the order book. This can be beneficial if you want to provide liquidity to the market or if you want to avoid paying taker fees. However, not all platforms offer this feature, so it's important to check the platform's documentation or contact their support team to see if 'post only' orders are supported.
  579

  145