What are the advantages and disadvantages of using the 'post only' option on GDAX when trading cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  The 'post only' option on GDAX provides traders with the advantage of ensuring that their orders are posted on the order book and not immediately matched with existing orders. This can be useful for those who want to provide liquidity to the market and potentially earn maker fees. However, the downside is that if the order cannot be posted due to insufficient funds or other reasons, it will be canceled instead of being placed as a market order. This means that the trade may not be executed at the desired price or at all. Overall, the 'post only' option can be beneficial for traders who want to control the execution of their orders and potentially earn maker fees, but it also carries the risk of missed opportunities if the order cannot be posted.
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• Dec 26, 2021 · 3 years ago
  Using the 'post only' option on GDAX can be advantageous for traders who want to avoid paying taker fees and potentially earn maker fees. By posting limit orders that are not immediately matched, traders have the opportunity to provide liquidity to the market and earn rewards. However, it's important to note that if the order cannot be posted, it will be canceled instead of being executed as a market order. This means that traders may miss out on potential trades if their orders cannot be posted due to insufficient funds or other reasons. In summary, the 'post only' option on GDAX offers the benefit of potential fee savings and the opportunity to earn maker fees, but it also carries the risk of missed trading opportunities if orders cannot be posted.
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• Dec 26, 2021 · 3 years ago
  When it comes to the 'post only' option on GDAX, it's important to understand how it affects the execution of trades. By selecting this option, traders can ensure that their orders are only posted on the order book and not immediately matched with existing orders. This can be advantageous for those who want to provide liquidity to the market and potentially earn maker fees. However, it's worth noting that if the order cannot be posted, it will be canceled instead of being executed as a market order. This means that traders may miss out on executing their trades at the desired price or at all. In conclusion, the 'post only' option on GDAX offers the benefit of controlling the execution of orders and the potential to earn maker fees, but it also carries the risk of missed opportunities if orders cannot be posted.
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