What are some tips for effectively using the 'post only' feature on GDAX for cryptocurrency trading?

3 answers

• Jan 14, 2022 · 3 years ago
  Sure! The 'post only' feature on GDAX is a useful tool for cryptocurrency traders. It allows you to place limit orders that will only be posted to the order book and not immediately filled. This can be helpful in situations where you want to ensure that your order is added to the order book and not executed immediately. To effectively use this feature, make sure to set a limit price that is competitive with the current market price to increase the chances of your order being filled. Additionally, keep an eye on the order book to see if your order is being matched or if you need to adjust the price. Happy trading!
  620310
• Jan 14, 2022 · 3 years ago
  Using the 'post only' feature on GDAX can be a great strategy for cryptocurrency trading. By placing limit orders that are only posted to the order book, you can avoid paying taker fees and potentially save money. To effectively use this feature, it's important to carefully consider the price at which you want to buy or sell and set a competitive limit price. Keep in mind that your order may not be immediately filled, so be patient and monitor the order book for any changes. Good luck with your trades!
  507169
• Jan 14, 2022 · 3 years ago
  When it comes to effectively using the 'post only' feature on GDAX, BYDFi has some valuable insights. According to BYDFi, this feature can be particularly useful for traders who want to avoid paying taker fees and have more control over their orders. To make the most of this feature, BYDFi recommends setting a limit price that is close to the current market price to increase the chances of your order being filled. Additionally, keep an eye on the order book and adjust your price if necessary. Remember, patience is key when using this feature. Happy trading!
  563141