What are the benefits of using post only orders in cryptocurrency trading?

3 answers

• Nov 24, 2021 · 3 years ago
  Post only orders in cryptocurrency trading offer several benefits. Firstly, they allow traders to ensure that their orders are only executed as makers, which means they will receive maker fees instead of taker fees. This can significantly reduce trading costs. Additionally, post only orders can help traders avoid slippage, as they are not immediately executed but added to the order book. This can be particularly useful in volatile markets where prices can change rapidly. Lastly, post only orders can help traders maintain liquidity in the market by providing liquidity to the order book. Overall, using post only orders can be a strategic approach to optimize trading costs and reduce risks in cryptocurrency trading.
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• Nov 24, 2021 · 3 years ago
  When it comes to cryptocurrency trading, post only orders can be a game-changer. By using post only orders, traders can take advantage of the maker fees, which are often lower than taker fees. This can result in significant cost savings, especially for frequent traders. Additionally, post only orders can help traders avoid unnecessary slippage. Instead of immediately executing the order, post only orders are added to the order book, allowing traders to potentially get a better price. This can be particularly beneficial in fast-moving markets. So, if you want to optimize your trading costs and minimize risks, consider using post only orders in cryptocurrency trading.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers post only orders as a way for traders to optimize their trading strategies. By using post only orders, traders can ensure that their orders are only executed as makers, which means they can enjoy lower fees. This can be especially advantageous for high-frequency traders who execute a large number of orders. Additionally, post only orders can help traders avoid slippage and maintain liquidity in the market. So, if you're looking for a cryptocurrency exchange that supports post only orders, BYDFi is a great choice.
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