How can I set up post only orders on my preferred cryptocurrency exchange?

3 answers

• Nov 24, 2021 · 3 years ago
  To set up post only orders on your preferred cryptocurrency exchange, you can follow these steps: 1. Log in to your account on the exchange. 2. Navigate to the trading section or order placement page. 3. Select the cryptocurrency pair you want to trade. 4. Look for the option to enable post only orders. This option may be labeled differently depending on the exchange, but it is usually located near the order type selection. 5. Enable the post only orders option. 6. Set the desired price and quantity for your order. 7. Review the order details and click on the 'Place Order' button to submit your post only order. By using post only orders, you can ensure that your order will only be added to the order book as a maker order, which means you will not pay any trading fees. However, please note that post only orders may take longer to execute compared to market or limit orders.
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• Nov 24, 2021 · 3 years ago
  Setting up post only orders on your preferred cryptocurrency exchange is a straightforward process. Here's how you can do it: 1. Login to your account on the exchange. 2. Navigate to the trading section or order placement page. 3. Choose the cryptocurrency pair you want to trade. 4. Look for the option to enable post only orders. This option might have a different name depending on the exchange, but it's usually located near the order type selection. 5. Enable the post only orders feature. 6. Specify the price and quantity for your order. 7. Double-check the order details and click on the 'Place Order' button to submit your post only order. By using post only orders, you can ensure that your order will only be added to the order book if it doesn't immediately match with an existing order. This can help you avoid paying unnecessary fees and improve your trading strategy.
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• Nov 24, 2021 · 3 years ago
  If you're using BYDFi as your preferred cryptocurrency exchange, you can easily set up post only orders by following these steps: 1. Log in to your BYDFi account. 2. Go to the trading section or order placement page. 3. Select the cryptocurrency pair you want to trade. 4. Look for the option to enable post only orders. It's usually located near the order type selection. 5. Enable the post only orders feature. 6. Enter the desired price and quantity for your order. 7. Review the order details and click on the 'Place Order' button to submit your post only order. By using post only orders on BYDFi, you can enjoy the benefits of being a maker and potentially save on trading fees. Keep in mind that post only orders may take longer to execute compared to other order types, but they can be a valuable tool in your trading strategy.
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