Can you explain the concept of 'post only' on Bybit and why it is important for cryptocurrency traders?

3 answers

• Nov 29, 2021 · 3 years ago
  Sure! 'Post only' is a type of order option available on Bybit and other cryptocurrency exchanges. When you select 'post only' for your order, it means that you want your order to be posted on the order book and not immediately executed as a market order. This option is important for traders who want to ensure that their orders are only added to the order book and not matched with existing orders. By using 'post only,' traders can avoid paying taker fees and also prevent their orders from being partially filled. It's a useful feature for those who want to provide liquidity to the market and avoid immediate execution.
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• Nov 29, 2021 · 3 years ago
  Absolutely! 'Post only' is a cool feature on Bybit that allows traders to post their orders on the order book without worrying about immediate execution. This is particularly useful for those who want to avoid paying taker fees and ensure that their orders are not partially filled. By using 'post only,' traders can provide liquidity to the market and have more control over their trades. It's a great option for those who prefer a more strategic approach to trading.
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• Nov 29, 2021 · 3 years ago
  Of course! 'Post only' is a feature offered by Bybit that allows traders to post their orders on the order book without being immediately executed. This is important because it gives traders more control over their trades and allows them to avoid paying taker fees. By using 'post only,' traders can ensure that their orders are only added to the order book and not matched with existing orders. It's a valuable tool for those who want to provide liquidity to the market and optimize their trading strategies. Bybit, being a popular cryptocurrency exchange, understands the needs of traders and provides this feature to enhance their trading experience.
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