How can I place a post-only order in the cryptocurrency market?

1 answers

• Dec 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers the option to place post-only orders. To place a post-only order on BYDFi, simply select the post-only option when placing your order. This type of order ensures that your order will be added to the order book as a maker order, which means that it will only be executed if it doesn't immediately match with an existing order. The advantage of using a post-only order is that it allows you to save on fees, as taker fees are typically higher than maker fees. However, keep in mind that your order may not be executed immediately if there are no existing orders that match with it. Overall, post-only orders can be a useful tool for traders looking to optimize their trading strategy on BYDFi.
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