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Why does this order have the option to execute as a taker order if 'post only' is not selected?

avatarLe Thi Ngoc ThomDec 26, 2021 · 3 years ago3 answers

I'm confused about why this order has the option to execute as a taker order if 'post only' is not selected. Can someone explain the reason behind this? How does it affect the execution of the order?

Why does this order have the option to execute as a taker order if 'post only' is not selected?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When 'post only' is not selected, the order can be executed as a taker order. This means that the order will be immediately matched with existing orders in the order book, regardless of the order's price. This option allows traders to take advantage of the liquidity in the market and ensure that their order gets executed quickly.
  • avatarDec 26, 2021 · 3 years ago
    The option to execute as a taker order without selecting 'post only' provides flexibility for traders. It allows them to choose whether they want their order to be executed immediately or if they want to wait for a more favorable price. By not selecting 'post only', traders can participate in the market as a taker and potentially benefit from favorable price movements.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers this option to give traders more control over their orders. By allowing orders to be executed as taker orders even without selecting 'post only', BYDFi aims to provide a seamless trading experience and ensure that traders can quickly enter or exit positions based on their trading strategies.