Can GDAX's post only mode help prevent slippage in cryptocurrency trades?

1 answers

• Jacinta UzoechinaNov 26, 2023 · 2 years ago
  GDAX's post only mode is a useful tool for preventing slippage in cryptocurrency trades. When enabled, it allows traders to place limit orders that will only be posted to the order book and not immediately matched with existing orders. This means that the execution price of the trade will be determined by the market conditions at the time the order is placed, rather than at the time of execution. By using post only mode, traders can avoid the risk of slippage that can occur when market conditions change rapidly. However, it's important to note that post only mode does not guarantee that an order will be filled, as it depends on the availability of matching orders in the order book.
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