Can post only orders help prevent slippage in cryptocurrency trading?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, post only orders can help prevent slippage in cryptocurrency trading. When you place a post only order, it means that you are willing to wait for your order to be filled at the price you specified or better. This can help prevent slippage because it ensures that your order will only be executed if it can be filled at the desired price or a more favorable price. By using post only orders, you can avoid the risk of your order being filled at a worse price than you intended, which can occur with market orders or limit orders that are immediately executed.
  563282
• Nov 27, 2021 · 3 years ago
  Absolutely! Post only orders are a great tool to minimize slippage in cryptocurrency trading. By setting a specific price at which you are willing to buy or sell, you can avoid the potential for your order to be executed at a less favorable price due to market fluctuations. This can be especially useful in volatile markets where slippage is more common. So, if you want to protect yourself from slippage and ensure that your orders are executed at the price you want, consider using post only orders in your cryptocurrency trading strategy.
  542181
• Nov 27, 2021 · 3 years ago
  Yes, post only orders can help prevent slippage in cryptocurrency trading. At BYDFi, we highly recommend using post only orders to minimize the impact of slippage on your trades. By setting a specific price for your order, you can avoid the risk of your order being filled at a worse price than expected. This can be particularly beneficial in fast-moving markets where slippage is more likely to occur. So, if you want to protect yourself from slippage and optimize your trading experience, make sure to utilize post only orders on our platform.
  546137