How does boost work on cryptocurrency exchanges?

3 answers

• Sai ChaitanyaNov 15, 2021 · 4 years ago
  Boost is a feature on cryptocurrency exchanges that allows users to increase the visibility and priority of their orders. When you place a boosted order, it is given higher priority in the order book, which means it is more likely to be executed quickly. Boost can be useful in fast-moving markets where speed is crucial. It allows traders to get their orders filled faster and take advantage of price movements. It's important to note that boost usually comes with additional fees, so traders should consider the cost before using this feature.
  545

  273
• Adil KhalidJan 25, 2022 · 4 years ago
  Boost is like a fast pass for your orders on cryptocurrency exchanges. By paying a fee, you can skip the line and get your orders executed faster. It's a way to gain an advantage in the market and ensure that your trades are processed quickly. Boost can be particularly useful during periods of high volatility when every second counts. However, it's important to use boost strategically and not rely on it too heavily, as the fees can add up over time.
  453

  151
• Santosh Kumar DivateApr 11, 2021 · 4 years ago
  Boost is a feature offered by BYDFi, a popular cryptocurrency exchange. When you boost your orders on BYDFi, they are given priority in the order book, increasing the chances of quick execution. This can be especially beneficial for traders who want to take advantage of short-term price movements. Boost is a valuable tool for active traders looking to maximize their profits. However, it's important to carefully consider the fees associated with boost and make sure it aligns with your trading strategy.
  506

  127