What is the purpose of using 'post only' option on GDAX for cryptocurrency trading?

3 answers

• Muhammad Haroon khanMar 29, 2022 · 3 years ago
  The 'post only' option on GDAX is designed to ensure that your order is posted to the order book and not executed immediately. This can be useful if you want to provide liquidity to the market by adding orders to the order book without paying the fees associated with market orders. By using the 'post only' option, you can avoid paying taker fees and potentially earn maker rebates if your order is filled by another trader. It's a way to optimize your trading strategy and potentially save on fees.
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• Mohammad Abdul HannanDec 03, 2020 · 5 years ago
  The purpose of the 'post only' option on GDAX is to allow traders to add liquidity to the market by posting limit orders without incurring any fees. When you use the 'post only' option, your order will only be added to the order book and will not be executed immediately. This can be beneficial if you want to avoid paying taker fees and potentially earn maker rebates. It's a way to encourage market makers and provide more liquidity to the market.
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• RolandJun 30, 2024 · a year ago
  The 'post only' option on GDAX is a feature that allows traders to add limit orders to the order book without incurring any fees. When you use this option, your order will only be posted to the order book and will not be executed immediately. This can be useful if you want to provide liquidity to the market and potentially earn maker rebates. By using the 'post only' option, you can avoid paying taker fees and take advantage of the benefits of being a market maker.
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