What does the term 'post only' mean on GDAX?

5 answers

• Prince Kumar NigamNov 20, 2023 · 2 years ago
  When it comes to trading on GDAX, the term 'post only' refers to a type of order that can only be added to the order book and not immediately matched with an existing order. This means that if you place a 'post only' order, it will only be executed if it doesn't immediately match with an existing order. The purpose of this order type is to prevent you from paying the taker fee, which is usually higher than the maker fee. By using 'post only' orders, you can save on trading fees.
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• AYAN AHMAD KHANJan 14, 2024 · 2 years ago
  On GDAX, 'post only' means that your order will only be added to the order book and not executed immediately. This is useful if you want to avoid paying the taker fee and instead pay the maker fee. The taker fee is charged when your order is immediately matched with an existing order, while the maker fee is charged when your order is added to the order book. By using 'post only' orders, you can potentially save on trading fees.
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• MicoSep 24, 2024 · 10 months ago
  When trading on GDAX, the term 'post only' means that your order will only be added to the order book and not immediately matched with an existing order. This is different from a 'market' order, where your order is executed immediately at the current market price. By using 'post only' orders, you can have more control over the price at which your order is executed. However, it's important to note that 'post only' orders may not be suitable for all trading strategies, so make sure to consider your own trading goals and risk tolerance before using this order type.
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• John ArsbusterJan 25, 2024 · a year ago
  On GDAX, the term 'post only' refers to an order type that can only be added to the order book and not immediately matched with an existing order. This is useful if you want to avoid paying the taker fee and instead pay the maker fee. By using 'post only' orders, you can potentially save on trading fees. However, it's important to note that 'post only' orders may take longer to be executed compared to 'market' orders, as they rely on other traders matching your order.
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• Engberg LockhartJul 18, 2021 · 4 years ago
  As an expert in the field of cryptocurrency trading, I can tell you that on GDAX, 'post only' means that your order will only be added to the order book and not immediately executed. This is a useful order type if you want to avoid paying the taker fee and instead pay the maker fee. By using 'post only' orders, you can potentially save on trading fees. However, it's important to carefully consider your trading strategy and goals before using this order type.
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