Why is the 'post only' option not selected for this order? Can it be executed as a taker order?

3 answers

• Apr 12, 2022 · 3 years ago
  The 'post only' option is not selected for this order because it allows the order to be executed immediately as a taker order. By not selecting the 'post only' option, the order can be matched with existing orders in the order book and executed as a maker order, which may result in lower fees. However, there is a risk of the order being partially filled or not filled at all if there are not enough matching orders in the order book.
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• Apr 12, 2022 · 3 years ago
  The 'post only' option is not selected for this order because the trader wants the order to be executed immediately and is willing to pay the taker fees. By not selecting the 'post only' option, the order can be matched with existing orders in the order book and executed as a taker order, which ensures immediate execution but may result in higher fees. It's a trade-off between immediate execution and potential cost savings.
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• Apr 12, 2022 · 3 years ago
  In the case of BYDFi, the 'post only' option is not available as it is a decentralized exchange that operates differently from centralized exchanges. On BYDFi, all orders are executed as taker orders, meaning they are immediately matched with existing orders in the liquidity pool. This ensures quick execution but may result in higher fees compared to maker orders on centralized exchanges. It's important to understand the specific rules and features of the exchange you are using to determine how orders are executed.
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