Why should I use the 'post only' feature on Bybit when trading cryptocurrencies?
Clark HoltMay 02, 2022 · 3 years ago3 answers
Can you explain the benefits of using the 'post only' feature on Bybit when trading cryptocurrencies?
3 answers
- May 02, 2022 · 3 years agoThe 'post only' feature on Bybit is designed to ensure that your limit orders are posted to the order book and not executed immediately. This can be beneficial because it allows you to avoid paying taker fees and potentially get a better price for your trade. By using the 'post only' feature, you can increase your chances of having your order filled at your desired price.
- May 02, 2022 · 3 years agoUsing the 'post only' feature on Bybit when trading cryptocurrencies can help you save on trading fees. By posting limit orders instead of market orders, you can avoid paying taker fees, which are typically higher. Additionally, by posting your orders to the order book, you may have a better chance of getting your order filled at a more favorable price.
- May 02, 2022 · 3 years agoWhen trading cryptocurrencies on Bybit, it's a good idea to use the 'post only' feature. By doing so, you can avoid unnecessary fees and potentially get a better price for your trades. With the 'post only' feature, your limit orders will be posted to the order book, increasing the likelihood of them being filled at your desired price. This can be especially useful in volatile markets where prices can change rapidly.
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